Avoid Buying These Sophisticated Fake Silver Coins
ฝัง
- เผยแพร่เมื่อ 21 ส.ค. 2019
- There is a huge problem in the coin collecting and silver stacking communities with fake silver and gold coins. Like in any high value hobby, there are going to be scammers out there that try and part you from your hard earned money. For this reason I have decided to purchase a handful of high quality phoney numismatic and bullion coins to start a series on how to avoid buying them and losing money. To learn more, visit www.thesilverpicker.com
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What would have helped this video a lot is if you have the actual coin that is a match to the fake and point out what makes the fake different from the real coin, that would really help.
That's what I thought the video was going to be about :(
Yup. Excatly!! Any clown would know these are fakes coz they all cost a dollar on wish an it says they are made of copper! Haha what would have made all us silver fans more knowledgeable would be to know what is real and what to look for, an not what is obviously fake! I don't get it. I'm Takin my like back for his video haha
I agree with Ed. I am very glad that you are sharing your knowledge with newish collectors of coinage.
Best regards to you.
Ahem yeah, like it would've been possible for him to hold the mythical "genuine" 1 troy oz 1965 Peace Dollar in his own hands. Did you not hear what he said? No such thing actually exists to the best of our knowledge. And if it actually did which he was incredibly able to hold in his own hands, just such 1 single coin would cost millions & millions of dollars.
@@the_chiefe Not all of them are replicas of rare coins. Even one direct comparison would help.
Rule #1, buy nothing from china. . . .I hate epackets!. . . .Don't Engelhard bars have serial numbers?
z50 Englehard bars are numbered. They are also older so most likely not the most pristine looking nor smoothest.
Well, some things are good for the money, just not things that require an expert to verify.
That's a good principle for ALL PURCHASES!
China makes fake junk silver coins, so don’t be mistaken and think China won’t make old looking bars with fake serial numbers.
I sat next to a couple of Treasury agents when traveling to Hong Kong back in 1995. Obviously there were problems then. Later, when working in China, I knew a guy who really knew his stuff collecting stamps. Even he was fooled occasionally. Caveat emptor!
WOW, this was an eye-opening video for sure! I've been an avid coin collector for 45 years, and i've never seen such realistic counterfeit coins, and didn't realize how prevalent and/or easy to get they were! Thanks for posting this.
Crazy right!?
Eyes been shut?? Wow eye opener lol ok
@@graymikep64 You've never heard that expression?!
I can understand if you're from a previous era, when this sort of thing was very rare and easy to spot.
This is 2019, not 1975. The technology has radically improved, much more sophisticated material being produced, and China is very different than what it was in the 70s.
I'm somewhat surprised that you weren't up to date on this sort of thing, it's pretty much common knowledge these days. Of course, that's where their market is, looking for people of an earlier time that they are still living in.
@@SynthoidSounds Frankly, despite the longevity of one of my hobbies (I have several others), no I have not been 'up to date' on spotting current era fakes. These days, I am a caretaker to not one, but two family members who are 'special needs', and i'm exhausted mentally and physically. I wish I had more time to devote to all this. Maybe one day....
It makes me angry that the troll are making comments.when this man is trying to help people so they want get ripped off.
joey seagulls I thought the same thing. This is extremely helpful for a new stacker like me.
Very cool of you to spend money on educating us...👍😎👍😎👍😎
If you'd been dealing with this for a long time, you'd know that the test minting of Peace Dollars in the 60s was in 1964, not 1965. the mythical coin is a 1964-D, not 1965.
Man I'm super excited for your mini series to come! I am a new and enthralled coin collector and am anxious to learn more about all I can
Awesome video, Thanks for getting it out there. That last Morgan was very very well done...almost to well it's worrying. I definitely didnt expect Wish though!
Thank you! You really help people out with your videos!!!
Thank you for the heads up, You are awesome!
Look forward to watching this series!
Thanks for making this video. It should be very helpful to alot of coin collectors. Keep up the good work. Manny D.
I think that Morgan and silver bar would have gotten me, unfortunately. Thanks for the upload!
Glad you enjoyed!
You might have not noticed it because unless you handle old coin all the time there are things that stick out. Most notability the finish the edges are to perfectly aged, next is the actual face of the coin it is to perfect for the age and appearance (they are trying to sell you a coin that has been in circulation) if it was actually a real coin the polished head should be a give away as well as the tarnish is ONLY on the edges FRONT and BACK, that alone to an avid collector would make me walk away and call the cops for selling fake money I recommend anyone new to buying coins buy from a BBB rated company or at least a commercial company. Also like I do if I am shopping in a place I do not know or trust TAKE EITHER AN ELECTRIC SCALE or a MECHANICAL SCALE you trust. NO REAL COLLECTOR or metal dealer will ever not allow you to weigh the coin. If it is not within a gram or two of the book stated weight or the dealer refuses to let you weigh it RUN DON'T WALK AWAY it is a fake and they know it. Good hunting and have fun
How is it legal to make counterfeit coins
@@jayphillips5188 They're made for magicians, magnetic...
This is a good series and I am very excited.
Great information. Thanks for sharing.
Thanks! Glad you enjoyed
Great message. A lot of young people out there hoping to get started in a fun potentially profitable hobby could really benefit from your knowledge.
Thanks!
Thanks for this video. I am just starting out my collection. So, your video is very informative.
I made this video especially for folks like you. I'm really glad you enjoyed it.
I love watching the coin videos you do 👍🏻👍🏻
Good Informative video. I hate to see people get taken.
New sub here. Fantastic info, cant wait to see how you test them next. Thank you for making these videos to help out the silver stacking and numismatic community. I woukdve for sure bought all of that for cheap and thought I had the real thing.
Awesome! You are exactly the reason I made these. Thank you for the nice comment
Great video, very helpful. Thank you
Glad you enjoyed!
Thanks for making this video.
Great advice for all the beginners
Really informative Video 👍
I'm looking forward to your new series. I want to be educated on fakes.
Thanks for sharing and have a great evening. ; D
OMG Shirl, are you over here cheating on me!!!! LMAO!!!!! When do you sleep!
@@flthunderdigginwrob3162 ...And I could ask you the very same thing. LMAO
indeed you are right on point .
Thanks so much. As a casual collector since the late 1950s, I had no idea of how severe and sophisticated this counterfeit coinage and bullion deal was. From the video, these coins were astonishingly well detailed. Since they aren't worth anything are the surfaces plated and the actual base metal is what? Thanks again.
Yes, they are plated brass, in some cases.
Thank you so much, us newbies need videos like this.
Really glad to hear that this is helpful for you
Looking forward to your further videos on this subject Technology has advance quite well to hide these items A buyer must always be aware now more than ever
Thanks for a good video
How much did you pay for the gold one? Thanks 🙏 for the information.....
Good video! I just subscribed now to follow your series. What are the metals used in these fakes? Also, could you address whether or not buying coins off of Amazon is risky and if so, why? How do I avoid fake coins on Amazon?
Thank you! Glad to help. I will be trying to determine metal content in upcoming videos. I'd say buying coins on Amazon is only risky if you do not have a way of determining their authenticity. If you are able to do so, it's not risky because of Amazon's excellent return policy
Well done video.
thanks for your video and the warning 👍
Glad you enjoyed the vid!
Wow! That Benji! Wudda definately got me for sure! The 1919 Walker is a close one too! Thanks for doing this video!
Right?? It looks super legit
Very helpful
Thanks.. will be waiting for your new video
Thank you for making this video.
My pleasure! Thanks for watching!
I needed to come back once again and thank you so much for the info it is very very important that we hear and see things like this because I am very new at collecting coins and I have been ripped off greatly by this company I don’t understand how people can be so rotten and that’s the only thing Uncle called him online don’t want to be ugly and say anything else bad about these people I just wish they someone shit them down for falls advertisement as stop with them almost a year ago and do not have no desire to go back to purchasing anything from them you be blessed my brother and keep up the good work
As with most things, when you educate people how to avoid forgeries etc you are teaching them to forge as well. I hope most people would have enough common sense to know a $2 morgan is fake, but there are some lol. The scary thing is someone taking that $2 coin to eBay and getting $100 for it as genuine. Great info and video. Much appreciated.
Glad you enjoyed it, Jim! Thanks for watching!
Lol wish is the add i see on your video! Thanks for all the good info
Great video thank you. Have you heard of Farfa? There selling the Morgan cc so I'm assuming there counterfeit as well ?
Thanks for making this informative video. It's quite valuable to people who haven't been collecting long like myself. Thanks also for potentially saving my arse from the lousy counterfeiters. People like that just plain and simple suck!
Really glad to hear that this was helpful for you. Share it with your coin collector friends. Don't want any newbies to be turned off from the hobby because of scammers
Great info
Thanks!
thanks Philip!
In the vid everything looks pretty real. Like you said, you have to feel and really see them in person. Crazy what is out there. Thanks for sharing with the community !
Franklin would have tricked me.
What do you think of Golden State mint and silver shield?
Count me as one of those who got taken. I like coins and bought a few from Wish & another similar online bidding scam. Fortunately, after a couple obvious fakes were found, I stopped ordering. I'm sticking with actual silver since then. And I only get my new silver dollars from the bank. Thanks for this video. I just wish I'd seen it a couple years ago.
Thanks for taking one for the team
That's my job!!
thank you for telling us👍👍👍
My pleasure!
Great video. That 1888 Morgan looked real. Thanks for the info.
Excellent video.
Thank you!
This pissed me off. I’m a 15 year old currency and bullion collector. I have a copper and silver coin from eBay and my dad and I’m on edge about it. This video helped me so much.
Glad you enjoyed the video!
I bought this one coin from a thrift store. It was a 1 oz gold coin. However, it was labeled as a fake/copy. Also, it was a really old like 1933 gold coin thing. It was only $4, so I bought it. However, if I were to try to pass it off it wouldn’t get very far because it says copy on the back.
Thank you.
Thank you
Good to see those tests... magnetic, semi-magnetic, ping, Sigma, spectrometer, etc.
I do thank you so much I have been fooled by just about everyone of these comments and that is because I did not know what I was doing just wanted to trust and I see now you cannot trust everyone they are about making money and they don’t care who they rob in order to make it thank you so much for this video keep doing it
The gold krugerrand looks awfully big for 1 oz of gold.....
and it looks like total shit, nothing remotely close to a real one, its a joke of a item
Thought it looked too shiny and large.
Looked a little light in the color too I think.
That's because it's a fake.
It's yuuuge.
Good job 👍 thank you. What I have problems with is weather or not to send in era pennies I find. I use annacs. Generally it cost right around 37 to 50 dollar. When it comes back it only worth 10.00 hoping to find one worth more. Got an ideas?
I have heard Anacs is not the best one. Try PCGS and NGC
@@Silverpicker those two company's, you have to pay a yearly membership fees. Pcgs is over 300. A year. If you don't send in enough coins to cover the cost. Who do you use? And how often? Is it worthie of the cost.
I was cheated on eBay with fake coins. Mine was magnetic and too light. So quickly debunk.
Good info
Glad it was helpful!
glad u got rid of the old intro jam,is there fakes in constintutional silver pre 64, that morgan was a good fake,thaks mr picker
The only thing I buy from ebay is 1, and 2.5 gram silver as it's cheap and if it is fake I'm not losing much. But if I get Morgan's or peace dollars I go to my lcs to get them. Awesome video brother!
“Sanded properly.” 🤣🤣🤣
We just attended the ANA Convention. Our family business was founded in 1791 w/gold, silver and gemstones. Our last name is actually Stone. I could not believe the fake items that were being sold, mostly by foreign vendors. We only buy from reputable buyers or items that we know are original. It's heartbreaking when a young collector or very old collector come to us with a fake. Unfortunately, it happens so often. GREAT VIDEO helping out the community.
Wow that's so interesting! I would love to learn more about your family business. Do you have a website?
@@Silverpicker We sell a little on eBay. Most of our business is done with our normal clients (who as most in the stamp & coin business are slowly dying off) and at trade shows. I just got back from a show in South Bend, IN. We also have a lot of referrals.
Sadly, this is probably the last generation for the business. My brother's children don't want any part of it and neither my sister nor I have children and have our own careers. I've been working in Asia since 2003 and came home when my brother became very. He's fine & I'm so out of here :).
By 1791, my family had been established jewelers for the Polish and French courts. Obviously we didn't have much business in France after 1789. The family moved from Krakow to Warsaw shortly before the 1st partition. The business was basically incorporated (not officially, but as close as they came in the late 1700s in Eastern Europe in 1791 in what our family thought would be our new home. And more partitions came.
A friend of the family, Michelle d'Ivry, French but moved to Sweden leaving her husband to be with the court jeweler of Sweden Sutzer. Turns out she couldn't get divorced, became a spy, sponsored (at least) 19 of my family members to Sweden and died TWO months after they arrived! The family was not very successful in Sweden (being Jewish) and moved to friendlier waters- England.
Fast forward to 1852, my great grandfather arrived in NYC, opening a currency exchange. After the great fire in Chicago, many found financial opportunities in the rebuilding of the city. My great grandfather and grand father became money lenders while still carrying on trade in coins & bullion and eventually stamps (ugh!).
My father owned the coin/paper money department in a large local department store. It's odd to think you could walk into a Nordstrom's and buy Gold Eagles on credit. My father died early. The inventory was split among my brother sister & I (I was 10). When my trust came up, I sold my portion to my brother and moved to England for school. I attended the same Temple my family did back in late 1700s!
And here we are. I can't imagine what my father and further ancestors would think about buying and selling coins electronically and getting them across the world in 2 days, or Bitcoin, which I still am trying to figure out.
If you're ever in Bambam, Tarlac, Philippines, stop in the war museum. We donated one of every known guerrilla currency known to the museum. Or stop into the The Jewish Association of the Philippines, where we donated one of ever Israeli stamps and some exumonia.
Thank you for the great videos and keep em coming!
Awesome vid
That sound tho... That's why Banks used to have granite or marble counters at the teller window.
My coin shop guy is old school, cash paid, no records, just a walk in and walk out type place....alot of these would fool him, just cuz he goes through and buys so much silver, especially from me. I would never ruin a friendship like that.
i am glad i watch this add because im just beganing i watch you all the time
Thanks! Appreciate it
Thanks
Thanks for the public service!
My pleasure!!
I feel like for me, only the morgan there would trip me. The others still don't look right. But, this video still definitely has made me think about getting a pocket scale.
Definitely get a pocket scale! And get it through my links lol :)
I just saw a 1916 Standing Liberty Quarter on Ebay. Luckily they put replica in the description but not in the title and it had the old wear look like VG or F. I wanted to buy it just to get a fake to compare. Scary stuff. Def keep an eye open. Great video.
At least they weren't scammers
As a rule I do not but from Indian,Chinese or eastern European sites I did a few years ago and was all fake but looked genuine, well done for highlighting this
thank you.
Apart from the bar, they all look a little off, but I think it would be difficult to tell just by weight and feel. Good video!
Yep. Definitely solid fakes
I'm only a few months into numismatics, but I remember going to a night market in Vientiane, Laos years ago, right alongside the Meakong River, and there were (too) many people with "silver" American coins. They looked alot like that Morgan, but I knew right away that the color was off and not real silver. All of them!
I saw these cheap 8 reales coming from the Philippines on ebay.theay whre in pretty good condition but where like 40 bucks
why am i here!? i do not even collect coins!!! either way quite interesting. thanks random youtube recommendations!!!
Well, thanks for watching!
Thank you, good info to help protect every one of us.
Good lesson. I saw those fake morgans selling on the street in Bangkok last year.
Wow, they're everywhere it seems!
Good job.
my god stop we get it, you are the greatest coin collector ever
The Morgan and Bar would be tough to tell without actually handling it. Thanks for sharing !!
They're really good fakes!
That Ben Franklin with the toning shook me! The rest - I would have known off the bat, although if the Morgan had been a different year, it could have gotten me as well.
The rest are pretty horrid fakes, but I've also been doing this since the mid-80's. A new guy, eager to jump in headfirst could very easily get fooled by many of these!
So ur sayin they fake what do u mean are they not real silver like the bar even if its forged if it was still weight in silver still be worth the same right?
This video was very well received by me because I've already bought some of these fakes. And like you said they are worthless. Though they were all similar to the Morgans you showed.
Glad you found the video helpful
Great Video! I am sure that Morgans would have fooled me
They're good. too good
wow the CC looks good new friend
Sure does! (except they didn't actually make a coin in that year in Carson City)
What about the coins on eBay are they all real or some fakes in there to cause I'm just now trying to start buying coins or bars and I don't have much money and just like to try and have my daughter something when she gets grown thanks
Thank you for posting. Why does US government not regulate this? They all would have fooled me so kudos!
The government is too busy making sure we use the right pronouns and attempting to take away our guns.
Hi, new to the channel. Really really enjoyed the video. I have looked at all those coins and bars on Wishdotcom and said they HAD to be too good to be true.
Only other comment---would really enjoy seeing you cut open the bar or one of the coins, or melt it, to see how much or little actual silver is in the coin/bar.
Rob
Flthunder / Diggin' Florida w' Rob!
Will probably do a video where I cut open the bars, but I doubt there is any silver whatsoever
Ok, so what shiny silvery metal do you think coats the outside of the rounds and the bar?
Very curious here, have never seen a fake exposed live before!!!
Most coins purchased are in 2X2’s or capsules which makes it easy to get taken. The Franklin, Walking Lib and the American Eagle in a 2X2 to me would look the most realistic.
Well the person that I bought 2 of them from couldn't be found.I sent him a couple of texts and no response.Then I mailed him twice and the address did not exist and about the other 2 the sell kept the shipping cost I don't know why.I still have those 4 fake usa dollar coins.
Bold statement when you can say without conviction do not buy anything on that site, or you’ll wish you had your money back..
and the mythological peace dollar is 1964, not 65.. cheers!
LOL
Whoops! You're right!
I want a- I HATE COUNTERFEIT COINS -tee shirt..
I probably would've been fooled by the 1888 CC. And I am NOT knew. Thanks for doing this.
My pleasure!
6:28 I was going to say it looks like someone bought a bunch of copper Aztec Calendar coins from Provident Metals, and is selling them for a markup on Wish. However, the coins from Provident have way more detail to them than that.
This is why I buy Cull grade Morgan’s/Peace dollars. Nobody’s faking 1921-D Morgan’s or 1922-P Peace dollars with half the detail left from honest circulation or ugly tarnish and scratches.
You'd be surprised! They fake everything
Hi, and nice video
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