Those Canada coins have a tremendous premium. Not so much when they first come out but when the bullion dealers are out of stock easily a much higher premium coin and very liquid. Canada has security features built into that coin. I do not recommend anyone shave or damage their coin. This will absolutely ensure you will never get a premium over spot from anu collector. A Sigma analytics precious metal machine is best when in doubt.
I like the acid test - it never lies. Plus I can fix the coin and get a nice premium price for the silver. One of the advantages of refining your own silver at home.
But it is not that terrible because he can make the silver shot and sell it 60% higher than cost. Besides he tought as a good lesson, sometimes what looks legit is indeed legit
@@sreetips My brain still can't fully comprehend that you "fixed" that coin into electrolyte and *poured* *it* . Into a metal bowl in which it will rematerialize into pure silver crystals along with the silver shot.
one tip I can give as a former buyer and seller on ebay is if they are in china odds are it's fake. they make a lot of fake coins in china using little or no precious metals.
China only buys gold and silver the last few years, i think they even ban exporting any of the silver or gold resources they have. i highly doubt that anyone from China is able to ship such items.
I think it is not necessary to damage such nice coin. Silver is unique material. It is virtually impossible to counterfeit it keeping right weight, dimensions and price. In this particular case it would be enough to take weight and dimensions. And then compare to Royal Canadian Mint specifications, available on their web site for this particular product. Gold bullions is completely different story though.
@@yuriyvakulenko not true. yes, damaging it may be going too far, but i melt metals, and I have brought fake bars in to my jeweler with real bars to see if he could tell the difference without cutting it in half..
@@jerrykingsley6703 there is no other metal with nearly same density as silver. So counterfeit bullion will have different weight or dimensions. Of course it is applicable only for standard products like this RCM Maple Leaf bullion.
Silver futures price has fallen so fast in the last 16 weeks that dealers who bought silver at $18 an ounce months ago are not going to sell it to the public at current spot price of say $12 + their normal premium of $1 to 2. The ask price is going to be spot + $7 to10 premium.
Because of the Nomenclature, I always get confused between the Ask & Bid price. I always have to look up the definitions, when I'm looking at Spot lol.
when I buy on line metals, I mention that I am not buying their metal to keep, and that I am buying it to plate some parts in a higher standard, so, if you have questionable filled metals , that it would not be in their interest to send me that, but do welcome pure metals that may have dinks/dings/scratches, as that is okay, and I have always been handled great, and many are glad to have an avenue to get rid of their "blemished" metals to me, ans some even discount for the blemished or throw in a wee bit extra, for allowing the blemished sale...
How important it is to explain the divergence of the spot and physical price! Folks new to the market are slow to grasp the importance. I’m with you, precious metals are set for a rise for sure👍
Hey sreetips! Didn’t know you served in the NAVY. Thank you for your service! We currently have two daughters serving now. One is on the Nimitz and the other is on the Truman. Great to your support!
Keep in mind that as gifted as Sreetips is as a refiner, he is not a metals market analyst, nor commodities broker. $100 an oz is nearly double what the all-time peak was and that was a kneejerk abboration in the market based on the unanticipated downgrading of the US credit rating. Don't invest in metals based on lay opinions, and don't get suckered into paying well over spot based on hype. This is a prime time for speculators (I am not saying at all that Sreetips is one!) to manipulate people and create runs, and a lot of hype gets spun in these markets. Just be careful out there folks.
You are correct, nor have I ever professed to be. But you don't need anything more than common sense and mathematics to realize that these metals are going higher. Much higher. I'm in the right business, at exactly the right moment in time, with exactly the right instrument. What a ride!
Filing a genuine coin like that is considered a criminal offence in many countries. In the UK it was known as coin clipping or defacing currency and was a capital offence for several centuries (just a maximum of life imprisonment now). Other methods included shaking coins in a leather bag to obtain flakes of gold which could be recovered and the artificially worn coins passed on. One of the reasons bullion coins have very accurate official weight measurements available and very tight manufacturing tolerances. The milling at the edge of such coins was introduced specifically to detect tampering. The fine surface finish also makes the Canadian Maple a sought after collectors piece. So you have destroyed the coin as a collectors piece, reduced its' value to whatever the spot Silver price happens to be on the day and commited what is considered a capital offence in some jurisdictions, all nicely documented in a video. At least you won't have to worry about travelling anywhere soon with Covid19.
@@robin56rf78 he is right, whether common or not it is actual money and considered currency as it has a face value, therefore a criminal offence in destroying of state-owned currency
A specific gravity test along with the paramagnetic test is definitive. You cannot have any fake silver pass both those test. It's non destructive. I wouldn't guouge my coins like that.
I gouge all my coins like that. I've got a whole roll of Morgan Silver dollars that I bought at a yardsale. Each one has the edge "gouged" so I could apply some schwerters to make sure that they were real. For me it's the only way to be sure. The acid don't lie.
If you're going to buy a coin, look up the original mint that made it. That will tell you easily if it's solid or clad. If you're going to file down an edge like that you might as well just melt it down because you're destroying the whatever value it has as a collectible or commemorative.
The first test without damaging the silver (gold) coin / bar is just done by using a strong neodyme magnet. pure silver (gold) is not magnetic at all, but silver (gold) is diamagnetic, which means: by moving the magnet near to pure 9999 silver (gold) you can observe the silver weakly reacting by very tiny movements. try it. it's fascinating. (magnet movements are obligatory for this diamagnetic test!)
Interesting this Was brought back up by Google/TH-cam as the Silver price is currently going thru the roof, have to be more careful now the scammers will be out and about. Thanks Sreetips loving your work Sir.
Can using a water displacement test be useful? I remember doing something like it back in Chemistry class. Looking forward to your explanation! Thanks in advance!
It is called a specific gravity test. Yes, it is useful, but a bit cumbersome. Most fakes can be detected by simply measuring the dimensions and weight - then comparing those to a known genuine specimen. A large percentage of the fake coins can be detected by weight alone.
Liberty coin is solid. Tons of great, reputable dealers on eBay. I don’t use eBay anymore because of the tax that’s been added to all bullion sales. Best is to buy from private sellers. Subbed
Really like that tip on branding thanks I have some shady people that stole from me and I know they sell what they stole from me on eBay and other sites my channel is new and is what it is I try to brand some of my clips but writing the name like that is easy and probably works well I wonder if people could edit photo shop or something the name out though I guess all ya can do is try with those type of people thanks and great videos as usual
Silver is still really quite cheap... there was a silver (and gold) mania in the late 70s and early 80s and silver hit its all time highs... when you consider the inflation for the last 40 years the price of silver would have been several hundreds of dollars/oz in today's money... so ~27 dollars isn't that much now when the industry demand for silver is getting higher and higher. In 2018 silver price was just ridiculously low
I've been burned more than once! READ Very carefully and AVOID "German Silver", that is NOT Silver but they will sell it at Spot, when it is actually worth about 1/10th of Spot!!!
@@sreetips Thank you for pointing that out! It is too easy for people to see the word "Silver" and pay Spot+ for it! I wish more TH-camrs that specialize in Silver and especially, Silver bullion, which is what it is usually sold as, did videos about it, Fewer people would get Ripped off. Sadly, unless you buy something, like on Ebay, you can't leave a remark on someone's listing. I know I've Tried many times, hoping that changes, so that I could WARN People!!!
Can this be ping texted? I love info, very valuable and I’m about to do my first refining in a couple weeks. I cringed on the destructive test. What are some other recommended ways to check? I would think a counterfeit that was not overly greedy could drill out a core and fill with tungsten. Take off 3-5 oz and still have it test good.
I'm afraid that before silver reaches $100 an ounce, the entire economy will collapse meaning dollars will have no value to compare them with silver. Good news is, silver will still have value for barter.
White Rabbit Dog House. I am an American Girl and I have a lot of real silver listed on EBay. Selling fake silver is illegal and people not only risk being permanently banned from buying and selling on EBay, they can see jail time. Just because it is an E-Store doesn't mean the laws do not apply. Check seller stats. If they are lower than 100% then see what people say about the seller. Many sell cleaned coins or artificially toned coins. Always read the description. If they don't say exactly what it is, you can get completely refunded immediately as an "item not described" if they are counterfeiting, inform EBay about that. Trust me, sellers do not want to be banned from selling there. Find an honest seller, and most are, and stay with them. One love everyone.
Good way to help silver fans protect them selves, I saw so many different types of fakes on Alibaba, even APMEX assay bars in yep. With APMEX stamped on the coin/bar ,999. 1 Troy oz gold "plated bar" identical to the real deal.. What kind of people do that, "crooked people". Thanks for the insight.
One look tells me that coin is beautiful, I feel your pain tho , it is easier to sell 10 one oz than it is 1 ten oz . Ten oz bars or coins are what some stackers call the sweet spot !
A quick test for silver uses its diamagnetic qualities, get a small neo magnet and put the coin at about a 45 degree angle. Let the magnet slide down the coin. Real silver will make the magnet slide slowly. Many videos on TH-cam about this and I have tried it many times myself. Plated coins don’t slide as slow. Sterling either. Also if you like precious metal there is a precious metal verifier available that tests with electro magnets. Very reliable. Can be pricy but can be found online for around $500.
I've never tried any of these tests. I learned from refiners to use the schwerters solution. When I first started refining I would take a small amount of metal and dissolve it then cement the silver on copper. That was my test to see if it was real. Then Harold_V on the goldrefiningforum.com told me to stop doing that and get some schwerters. Been using it ever since.
After retiring from the oilfield in 2010....I drove a truck to see the country....picked up a load once....max weight at 47000 lbs......drove and could swear I had a full tall load....got to the Campbells soup factory….guy said break seal and back into door four....I opened the doors to an empty 53 foot trailer....there were 4 small aluminum ingots nailed to the floor!.....Can you make it that dense?......how small can ya make 47000 lbs of aluminum?
If the ingots were exactly 12 inches by 12 inches you would have needed just 5 sticks in your trailer that ran full length to weigh up to your 21 gross ton capacity.
Dirty Dave I'm guessing what you were carrying was tin ingots to coat the cans. Might look like Aluminium (Aluminum) but much heavier and much more valuable.
Besides the weight, you need to check the diameter and the thickness. The quickest non-destructive test is using a strong magnet to see if the piece is diamagnetic. If it isn't, its not silver. I don't know how well this test works on coin silver or sterling. If you do need to file it to use the dichromate, the notch can be narrow - so less damage is done to the specimen.
Can you tell us what seller on ebay you use to buy your nitric acid from.....and what the difference in use between urea and sodium bimetasulfite? Also a little more info on the safety side of refining.....ergo what's kind of gloves to use...eyewear...and so on...thanks...
Tons of fakes out there. I generally stick to junk lots that have other things of value with coins and/or jewelry mixed in. Then I immediately do the magnet and acid test.
@@sreetips i'm sorry that was to be Specific Gravity Test. here is one video that explains it very well: th-cam.com/video/XoKBqFbGeyU/w-d-xo.html or use a search in youtube for "silver density test"
Mokume - is a Japanese metalworking procedure which produces a mixed-metal laminate with distinctive layered patterns, as well as that laminate itself. Had to look it up.
Generally the density of brass is 8.4 to 8.73 g/cm3.. The density of silver is 10.5 g/cm3. Why ruin the numismatic value of this coin like you did when all you had to do was weigh it, and using water displacement determine the volume? You could have also determine the volume using the measurements of radius and thickness since the coin is a thin cylinder. The volume of a cylinder is given by the formula V = πr2h, and π is about the equivalent of 22/7 or 3.14. Make sure you have accurate measurements. Then take the density of the object X the volume to get a weight to see if it is brass or silver.
I used this density determination example in story problem, for a chemistry class that I was TAing for, back in 1986. I was trying to make it a real world applicable scenario.
I have a question about "pure silver" coins made and sold by "we buy gold" shops... I saw a huge liberty silver coin collection at a shop and all of them had a rainbow patina across a section of front of the coin, looked like burnt spot. I have seen this on steel before, but never a precious metal. I even tried duplicating this by melting my own pure silver and pouring under intense heats, but never had anything but shiny clear silver produced. What could cause that?
@@sreetips 90% silver is probably the case, the buyers did not know how to read mint marks very well...everything was junk to them. But I had no issues making 995+ silver bars from it that sold to reputable dealer later...no burnt spots hahaha.
I'm not a rich man by any means. But I would love to have just one good looking crystal. Doesn't have to be a big one. Just to keep on my shelf to look at.
such crystal with a hole would be a great idea to put it on a key chain... Dan Hurd has such video where he visits a company that uses raw gold nuggets to make jewelry, they are awesome...
Would you show us refining integrated circuits? I'd like to know how to grind them into powder, extract copper, tin, silver, and gold. The rest is landfill because no more metals in the powder.
Hello, I’ve worked with some escrap. Trimmed circuit card fingers and pentium pro CPUs. These are among the highest yielding of all computer scrap. That’s why I chose them. I’ve never tried IC material. It’s messy, low yielding and produces lots of waste that must be treated before disposal. For these reasons, I don’t refine much escrap anymore.
Colloidal silver consists of tiny silver particles in a liquid that is sometimes promoted on the Internet as a dietary supplement. However, evidence supporting health-related claims is lacking. In fact, colloidal silver can be dangerous to your health.
Sreetips in your opinion how reliable would a density test be? 10 troy ounces of Silver = 311.035 g density of Silver = 10.49 g/mL V= 311.035/10.49 ~29.65 mL should be displaced
Be careful when saving American dollars. Turns out they lost half their purchasing power and just a few short years... The $15 silver I purchased in 2018 Fortunately retained all of its purchasing power.
eBay price is higher than what you would pay had you bought directly from the dealer. eBay charges up to 11% and those fees are passed to the buyer. You get the best deals going directly to the dealers website and wire them money, or send a check. For example, a single 100oz bar from Scottsdale mint its $1537 on their website, but their eBay price is over $2000. Plus if you want quantity you can get them for $1476 on their website, but no deal for quantity purchases on eBay.
How might I know the difference between plated gold and gold painted? Does it matter what karat of gold there is for precious metal recovery? Where should I go to buy silver and other precious metals?
No matter how much I’d like to sometimes, I just can’t buy metals on eBay. I have a reputable dealer that lives about an hour from me, and honestly, his premiums are just slightly over the JM, SD, on line stuff anyway. Plus it’s like a barber shop. You can get the skinny on a lotta what’s goin on from hanging around a bit. 😂😂😂😂
Oh my, I suppose getting a Sigma machine you are at the mercy of the dealers. I bought a bunch of 10 oz bars from SGB One had been only 90 %!0 % copper as it turned out after made shot and changed the bar they would not stand by their own rules. Flippin low life eh !I can not afford a Sigma machine and do a lot of purchases with them as they are close by but I have video on the whole process showing something was not right Any of that company's higher ups can rot in hell with me looking down at them and pissing on their heads. Every one be else be aware, I hold a grudge ! and treasure my good name !
Thr great rise in price i think is happening now and is a great time to sell.. The premium price is nesrly 15 over spot prize, so anyone who stacks its a very good time to sell as i do believe prices could drop after all this covid crap ends. Love your vids man 👌 thumbs up from Ireland ✌️
Hi Streetips, I know this is just an investment coin but it hurts to see you file it like that.. Wouldn't there be a different way, like weighing and measuring the dimensions of the coin? Did your friend's fake 10Oz coin actually weigh that? Then I assume it must have had like a lead core inside the brass to achieve the right weight and dimensions, which seems pretty difficult to fake (of course it's possible). I totally understand you doing it this way, I'm just wondering if there's alternatives.
I bought some silver dollars at a yard sale. First thing I did was file and test with acid. It's the only way I know to be sure you're not getting ripped.
Spot price is the front month contract which just expired last Friday. The funds that wrote all those contracts will protect their interest by crushing the price and having their contracts expire out of the money for the buyers and they (the writers) capture the whole value of that contract. Now look for silver's next move higher in the current front month contract which would be April 2020. Doesn't have to be a big move yet but with all this "free" money being poured into the system I would expect it to expire around where most of the smart money wrote those contracts and gradually move higher over the year.
That world is completely foreign to me. I'm just an advanced beginner in refining who loves to look at that beautiful pure silver crystal. And maybe I can show Mrs. Sreetips a nice chunk of change before we depart the earth. 5000 ounces at $100 bucks an ounce is... Half a million! Boy would she be happy with me.
I buy silver from a jewelery supplier company. In casting grain form. I intend to melt it down to liquid form to pour into casting moulds like to make a 💍 or pendant.
When people sell silver, there are a number of different options available. Spot price is the term used for a commodity if you were to purchase it physically right now. An easy way to remember this term is that it is the price for silver on the spot. In essence, the silver spot price is based on how much immediately delivered silver would be worth in a specified currency at any given moment. But because there is no single specific physical marketplace where people can bring their silver, the silver price is derived from the futures market using a formula that takes into account current interest and dividend rates and how many days until the futures contract is mature.
the dimensions of the real coins are online, all you gotta do is weigh it and measure the dimensions, no other metal will weight the exact 10 oz and with the right dimensions. Oh and with a little thinking , you can deduct that ARGENT means silver and PUR means pure in french, and i've never ever studied french.
A specific gravity test is a non- destructive way to test silver as well. I cringed when you filed that super maple 😂🤣😂😂It’s all good brother. But now you gotta dissolve it in nitric. Lol
Yeah a non destructive test would have been better. It can even be done to check gold to find out what karat it is. www.hauserandmiller.com/reference/melting.html
Marked 925? In my experience, about 5% of 925 jewelry is silver plated over brass or copper. I remember when I first started fourteen years ago, I had a real heavy chain bracelet about a hundred grams. But when I threw it in the melt dish it didn’t want to melt. So I pulled it out and sure enough it was copper. Made a believer out of me. From then on I test each piece with schwerters solution (potassium dichromate dissolved in dilute nitric) before i commit any silver for refining.
Great video brother,,, very informative as usual. Besides the amazing pieces I have managed to get my hands on from Sreetips over the past year (thank you very much) I get my silver bullion from Provident. They have been great to deal with and always have a variety of high quality, trusted, and good priced metals. Look around there besides Ebay and see what you can get. Also, for a quick, easy silver test without the chemicals, take a NEODYMIUM MAGNET and hold your coin/silver piece at an angle, and let the magnet slide down across,, It should slide slowly like there is a coating on it. Definitely should not Stick or just fall off. Silver is non magnetic, but neodymium is so strong it has this reaction. Hope this is all over soon enough and we ALL make a ton of $$ back in time. Stay safe..! Now, Go wash your hands,,! ;->
![[페이스캠4K] 베이비몬스터 치키타 'FOREVER' (BABYMONSTER CHIQUITA FaceCam) @SBS Inkigayo 240707](http://i.ytimg.com/vi/x9VRNTV4VDI/mqdefault.jpg)
This physically hurt me to watch you scratch that coin.
Same!!
It’s just silver. I dissolved it to make electrolyte for my silver cell
Without a thorough test you could be holding junk… it’s a tough one but worth it
Nice vid. I use weight and specific gravity for coins going in my collection. For some reason they lose value after i file them haha
@Van Provost yeah, i was joking about coins losing value after filing a "trench" in the side of them.
Those Canada coins have a tremendous premium. Not so much when they first come out but when the bullion dealers are out of stock easily a much higher premium coin and very liquid. Canada has security features built into that coin. I do not recommend anyone shave or damage their coin. This will absolutely ensure you will never get a premium over spot from anu collector. A Sigma analytics precious metal machine is best when in doubt.
I like the acid test - it never lies. Plus I can fix the coin and get a nice premium price for the silver. One of the advantages of refining your own silver at home.
5"24 - Argent is French for silver (and also "coin" or "money") - from Latin "argentum", meaning "silver".
Hence "Ag"
Correct guys👌
Argent Pur is french for pure silver, at least according to google translate
When you're local jeweler calls you to check some silver's authenticity. That's when you know.
If it’s in question then They test it before you can get paid !🤦♂️
That coin he just destroyed has a lot of security features. DNA maple leaf etched into it and the rays on the face of the coin.
I’ll fix it very soon
But it is not that terrible because he can make the silver shot and sell it 60% higher than cost. Besides he tought as a good lesson, sometimes what looks legit is indeed legit
@@sreetips My brain still can't fully comprehend that you "fixed" that coin into electrolyte and *poured* *it* .
Into a metal bowl in which it will rematerialize into pure silver crystals along with the silver shot.
I did this to demonstrate, for those who want to try, that this type of silver coin is suitable to make electrolyte for the electrolytic silver cell.
one tip I can give as a former buyer and seller on ebay is if they are in china odds are it's fake. they make a lot of fake coins in china using little or no precious metals.
They counterfeit everything there even eggs if you want to see something stupid and disturbing lookup counterfeit eggs
China only buys gold and silver the last few years, i think they even ban exporting any of the silver or gold resources they have. i highly doubt that anyone from China is able to ship such items.
I think it is not necessary to damage such nice coin. Silver is unique material. It is virtually impossible to counterfeit it keeping right weight, dimensions and price. In this particular case it would be enough to take weight and dimensions. And then compare to Royal Canadian Mint specifications, available on their web site for this particular product.
Gold bullions is completely different story though.
@@yuriyvakulenko not true. yes, damaging it may be going too far, but i melt metals, and I have brought fake bars in to my jeweler with real bars to see if he could tell the difference without cutting it in half..
@@jerrykingsley6703 there is no other metal with nearly same density as silver. So counterfeit bullion will have different weight or dimensions. Of course it is applicable only for standard products like this RCM Maple Leaf bullion.
Silver futures price has fallen so fast in the last 16 weeks that dealers who bought silver at $18 an ounce months ago are not going to sell it to the public at current spot price of say $12 + their normal premium of $1 to 2. The ask price is going to be spot + $7 to10 premium.
but as soon as the market goes up they increase their prices right fucking quick tho.
Because of the Nomenclature, I always get confused between the Ask & Bid price. I always have to look up the definitions, when I'm looking at Spot lol.
I’m from Montréal, Canada and « argent pur » simply means « pure silver ».
Always interesting to watch your videos! Good job Sreetips!
Ag is silver for a reason!
@@jonweinraub Argent Pur is french for PURE SILVER
when I buy on line metals, I mention that I am not buying their metal to keep, and that I am buying it to plate some parts in a higher standard, so, if you have questionable filled metals , that it would not be in their interest to send me that, but do welcome pure metals that may have dinks/dings/scratches, as that is okay, and I have always been handled great, and many are glad to have an avenue to get rid of their "blemished" metals to me, ans some even discount for the blemished or throw in a wee bit extra, for allowing the blemished sale...
Did you take down your videos?
How important it is to explain the divergence of the spot and physical price! Folks new to the market are slow to grasp the importance. I’m with you, precious metals are set for a rise for sure👍
I always get ads on Instagram selling one-ounce Silver Eagles for nine bucks! Why aren't those ads removed?
Hey sreetips! Didn’t know you served in the NAVY. Thank you for your service! We currently have two daughters serving now. One is on the Nimitz and the other is on the Truman. Great to your support!
Good on both of them. The Navy was good to me. And I was good yo the Navy.
sreetips It make me love the channel even more! Again thank you!
Boy are those futures contracts being exposed now!
I like the 2021 Britannia 1 oz coins, they have a small hologram-like security spot.
Keep in mind that as gifted as Sreetips is as a refiner, he is not a metals market analyst, nor commodities broker. $100 an oz is nearly double what the all-time peak was and that was a kneejerk abboration in the market based on the unanticipated downgrading of the US credit rating.
Don't invest in metals based on lay opinions, and don't get suckered into paying well over spot based on hype. This is a prime time for speculators (I am not saying at all that Sreetips is one!) to manipulate people and create runs, and a lot of hype gets spun in these markets. Just be careful out there folks.
You are correct, nor have I ever professed to be. But you don't need anything more than common sense and mathematics to realize that these metals are going higher. Much higher. I'm in the right business, at exactly the right moment in time, with exactly the right instrument. What a ride!
Filing a genuine coin like that is considered a criminal offence in many countries. In the UK it was known as coin clipping or defacing currency and was a capital offence for several centuries (just a maximum of life imprisonment now). Other methods included shaking coins in a leather bag to obtain flakes of gold which could be recovered and the artificially worn coins passed on. One of the reasons bullion coins have very accurate official weight measurements available and very tight manufacturing tolerances. The milling at the edge of such coins was introduced specifically to detect tampering. The fine surface finish also makes the Canadian Maple a sought after collectors piece. So you have destroyed the coin as a collectors piece, reduced its' value to whatever the spot Silver price happens to be on the day and commited what is considered a capital offence in some jurisdictions, all nicely documented in a video. At least you won't have to worry about travelling anywhere soon with Covid19.
It's an ultra common coin, they are billions of them out there so it's not a great loss !
@@robin56rf78 he is right, whether common or not it is actual money and considered currency as it has a face value, therefore a criminal offence in destroying of state-owned currency
A specific gravity test along with the paramagnetic test is definitive. You cannot have any fake silver pass both those test. It's non destructive. I wouldn't guouge my coins like that.
I gouge all my coins like that. I've got a whole roll of Morgan Silver dollars that I bought at a yardsale. Each one has the edge "gouged" so I could apply some schwerters to make sure that they were real. For me it's the only way to be sure. The acid don't lie.
@@sreetips 🤦♂️rip beautiful coins whoever buys them will be the new owner of the Beaver scored coins
If you're going to buy a coin, look up the original mint that made it. That will tell you easily if it's solid or clad. If you're going to file down an edge like that you might as well just melt it down because you're destroying the whatever value it has as a collectible or commemorative.
Thanks Sreetips, I've really learned a lot from your videos.
Love it SREETIPS thx for the heads up sir!
The Pea Shooter on the desk is just a friendly warning that a thief will NOT get a free cup of coffee
You made my day
I love Canadian coins. That was hard to watch the file on QE II. Ouch!! Those canucks really beautiful gold & silver pm’s.
In the end, in most cases, it’s just silver metal. No extra value for being in perfect condition.
@@sreetips Yes, but there are non-destructive tests you can perform first.
The first test without damaging the silver (gold) coin / bar is just done by using a strong neodyme magnet. pure silver (gold) is not magnetic at all,
but silver (gold) is diamagnetic, which means:
by moving the magnet near to pure 9999 silver (gold) you can observe the silver weakly reacting by very tiny movements. try it. it's fascinating. (magnet movements are obligatory for this diamagnetic test!)
Thank you for all the invaluable knowledge.
one of the coolest channels on YT.
Interesting this Was brought back up by Google/TH-cam as the Silver price is currently going thru the roof, have to be more careful now the scammers will be out and about. Thanks Sreetips loving your work Sir.
Great job explaining this! I never thought anyone could fake Perth Mint coins
Can using a water displacement test be useful? I remember doing something like it back in Chemistry class.
Looking forward to your explanation!
Thanks in advance!
It is called a specific gravity test. Yes, it is useful, but a bit cumbersome. Most fakes can be detected by simply measuring the dimensions and weight - then comparing those to a known genuine specimen. A large percentage of the fake coins can be detected by weight alone.
Love the piece in the holster in the back of the table.
There's your precious metals, silver, brass and copper!
Liberty coin is solid. Tons of great, reputable dealers on eBay. I don’t use eBay anymore because of the tax that’s been added to all bullion sales. Best is to buy from private sellers. Subbed
I've delt with them for years.
@@sreetips i don't find them
I don't find them , are they still here
@@nickandyou1470 Here? Long Beach, CA
here on ebay
argent is French for silver
AG=argent
Silver = argento in Italian, pretty close
@Sora Argentum in Latin
L’argent is French for “money” it also means Silver (Ag)
Argent was also a cool band in the '70s
You can test without destroying such a fine coin. If you don’t want to use a X-ray tester then you can do specific gravity.
Probably use weight and dimensions to verify then no filing would be needed. But I prefer schwerters. The acid never lies
Really like that tip on branding thanks I have some shady people that stole from me and I know they sell what they stole from me on eBay and other sites my channel is new and is what it is I try to brand some of my clips but writing the name like that is easy and probably works well I wonder if people could edit photo shop or something the name out though I guess all ya can do is try with those type of people thanks and great videos as usual
I love your ideology man keep true to yourself and i wish you the best ❤️
Some sellers are sneaky. They like to put a picture of several items inwhich you only recieve 1. Or so called estate sales
Beautiful Omega Constellation!
My wife got it for $300 at a yard sale - she is awesome!
Silver is still really quite cheap... there was a silver (and gold) mania in the late 70s and early 80s and silver hit its all time highs... when you consider the inflation for the last 40 years the price of silver would have been several hundreds of dollars/oz in today's money... so ~27 dollars isn't that much now when the industry demand for silver is getting higher and higher. In 2018 silver price was just ridiculously low
Thank you. Information is golden!
Huge fan. Learning alot from your videos
For the first three minutes of this video I felt like I was getting put into time-out for not verifying eBay sellers and reading the listing.
I've been burned more than once! READ Very carefully and AVOID "German Silver", that is NOT Silver but they will sell it at Spot, when it is actually worth about 1/10th of Spot!!!
German silver, aka nickel silver, contains 60% copper, 20% nickel and 20% zinc - zero elemental silver.
@@sreetips Thank you for pointing that out! It is too easy for people to see the word "Silver" and pay Spot+ for it! I wish more TH-camrs that specialize in Silver and especially, Silver bullion, which is what it is usually sold as, did videos about it, Fewer people would get Ripped off. Sadly, unless you buy something, like on Ebay, you can't leave a remark on someone's listing. I know I've Tried many times, hoping that changes, so that I could WARN People!!!
Do you ever use the density and volumetric displacement as an aid to determine if its silver.
No, because I don't know how.
th-cam.com/video/z3uc8dc5kcU/w-d-xo.html
You can use a plastic strip for holding the coin in the water. With this method I could find out, that the base metal of my fake is made of zinc.
Bought all my Ebay coins from Liberty so far. I'm quite happy with them.
Liberty is very good and fair. Ebay is mostly a safe place to buy.
WooHoo on the new project my friend !Onward eh. I will email you tomorrow with an update. I will be a pumpkin right shortly, LOL !
Can this be ping texted? I love info, very valuable and I’m about to do my first refining in a couple weeks.
I cringed on the destructive test. What are some other recommended ways to check?
I would think a counterfeit that was not overly greedy could drill out a core and fill with tungsten. Take off 3-5 oz and still have it test good.
Weight vs published dimensions should give accurate result.
Why not use specific gravity instead of damaging the piece?
Because he's a dumb dumb lol
Love your videos!
Love the videos. Very educational my kiddo is the one who told me about your videos
Thanks for the great advice
If you're purchasing scrap from Ebay would it not make more sense to purchase it at near or below spot in order to cover overhead costs?
Sure, if it is actually of the purity advertised.
Do you trust the specific gravity test instead of damaging the coinage with acid and file?
No, I’ve never tried it
I'm afraid that before silver reaches $100 an ounce, the entire economy will collapse meaning dollars will have no value to compare them with silver. Good news is, silver will still have value for barter.
Lol that's why it will be $100/oz, because the dollars will be worthless from inflation.
Thank you so much for the video. Sure appreciate everything you share.
White Rabbit Dog House. I am an American Girl and I have a lot of real silver listed on EBay.
Selling fake silver is illegal and people not only risk being permanently banned from buying and selling on EBay, they can see jail time. Just because it is an E-Store doesn't mean the laws do not apply.
Check seller stats. If they are lower than 100% then see what people say about the seller. Many sell cleaned coins or artificially toned coins.
Always read the description. If they don't say exactly what it is, you can get completely refunded immediately as an "item not described" if they are counterfeiting, inform EBay about that. Trust me, sellers do not want to be banned from selling there.
Find an honest seller, and most are, and stay with them.
One love everyone.
Good way to help silver fans protect them selves,
I saw so many different types of fakes on Alibaba, even APMEX assay bars in yep. With APMEX stamped on the coin/bar ,999. 1 Troy oz gold "plated bar" identical to the real deal..
What kind of people do that, "crooked people".
Thanks for the insight.
I bought from Liberty and FFcoins. Yeager has awesome hand poured bars too
Bruh, what a moronic way to test and destroy the coin.
One look tells me that coin is beautiful, I feel your pain tho , it is easier to sell 10 one oz than it is 1 ten oz . Ten oz bars or coins are what some stackers call the sweet spot !
A quick test for silver uses its diamagnetic qualities, get a small neo magnet and put the coin at about a 45 degree angle. Let the magnet slide down the coin. Real silver will make the magnet slide slowly. Many videos on TH-cam about this and I have tried it many times myself. Plated coins don’t slide as slow. Sterling either. Also if you like precious metal there is a precious metal verifier available that tests with electro magnets. Very reliable. Can be pricy but can be found online for around $500.
I've never tried any of these tests. I learned from refiners to use the schwerters solution. When I first started refining I would take a small amount of metal and dissolve it then cement the silver on copper. That was my test to see if it was real. Then Harold_V on the goldrefiningforum.com told me to stop doing that and get some schwerters. Been using it ever since.
After retiring from the oilfield in 2010....I drove a truck to see the country....picked up a load once....max weight at 47000 lbs......drove and could swear I had a full tall load....got to the Campbells soup factory….guy said break seal and back into door four....I opened the doors to an empty 53 foot trailer....there were 4 small aluminum ingots nailed to the floor!.....Can you make it that dense?......how small can ya make 47000 lbs of aluminum?
Umm I dont get it, wat are u saying happened?
Aluminum is 10 cubic inches per pound so 47000 lbs would be 470000 cubic inches
If the ingots were exactly 12 inches by 12 inches you would have needed just 5 sticks in your trailer that ran full length to weigh up to your 21 gross ton capacity.
Dirty Dave
I'm guessing what you were carrying was tin ingots to coat the cans. Might look like Aluminium (Aluminum) but much heavier and much more valuable.
@@michaelkaliski7651 I don't think tin is used to coat the insides of cans anymore - at least in the US.
Besides the weight, you need to check the diameter and the thickness.
The quickest non-destructive test is using a strong magnet to see if the piece is diamagnetic. If it isn't, its not silver. I don't know how well this test works on coin silver or sterling.
If you do need to file it to use the dichromate, the notch can be narrow - so less damage is done to the specimen.
Can you tell us what seller on ebay you use to buy your nitric acid from.....and what the difference in use between urea and sodium bimetasulfite? Also a little more info on the safety side of refining.....ergo what's kind of gloves to use...eyewear...and so on...thanks...
$100/ounce for Silver? NEVER. And dealers definitely use spot price to buy YOUR SILVER.
KickStar Coins n Comics these are just my opinions. They won’t be buying my silver for spot because I’m not selling any of my silver.
Worse, they typically pay less than spot - they turn around and sell them for a premium over spot.
Fantastic
Thank you for your service!
Thank you!
Tons of fakes out there.
I generally stick to junk lots that have other things of value with coins and/or jewelry mixed in. Then I immediately do the magnet and acid test.
I would like to know if you have ever used the density test on that coin in the video?
I have not. I don’t know how
@@sreetips i'm sorry that was to be Specific Gravity Test.
here is one video that explains it very well:
th-cam.com/video/XoKBqFbGeyU/w-d-xo.html
or use a search in youtube for "silver density test"
Since I’m not concerned with the appearance, only the metal content, I prefer to use a file and Schwerters solution to test my silver.
sounds like something you could heat up, fold a few times and turn into a little piece of mokume...lmao
Mokume - is a Japanese metalworking procedure which produces a mixed-metal laminate with distinctive layered patterns, as well as that laminate itself. Had to look it up.
Generally the density of brass is 8.4 to 8.73 g/cm3.. The density of silver is 10.5 g/cm3. Why ruin the numismatic value of this coin like you did when all you had to do was weigh it, and using water displacement determine the volume? You could have also determine the volume using the measurements of radius and thickness since the coin is a thin cylinder. The volume of a cylinder is given by the formula V = πr2h, and π is about the equivalent of 22/7 or 3.14. Make sure you have accurate measurements. Then take the density of the object X the volume to get a weight to see if it is brass or silver.
I used this density determination example in story problem, for a chemistry class that I was TAing for, back in 1986. I was trying to make it a real world applicable scenario.
I have a question about "pure silver" coins made and sold by "we buy gold" shops...
I saw a huge liberty silver coin collection at a shop and all of them had a rainbow patina across a section of front of the coin, looked like burnt spot.
I have seen this on steel before, but never a precious metal.
I even tried duplicating this by melting my own pure silver and pouring under intense heats, but never had anything but shiny clear silver produced.
What could cause that?
Not sure about this. I have seen it on 90% silver coins. Sterling silver will also “acquire” a patina over time due to reacting with the air.
@@sreetips 90% silver is probably the case, the buyers did not know how to read mint marks very well...everything was junk to them.
But I had no issues making 995+ silver bars from it that sold to reputable dealer later...no burnt spots hahaha.
I'm not a rich man by any means. But I would love to have just one good looking crystal. Doesn't have to be a big one. Just to keep on my shelf to look at.
such crystal with a hole would be a great idea to put it on a key chain... Dan Hurd has such video where he visits a company that uses raw gold nuggets to make jewelry, they are awesome...
@@Hobypyrocom I was thinking the same thing. Maybe encase a single crystal in resin and make a necklace or a pair of earrings.
They're as fragile as they are beautiful. It's hard to keep one whole.
@@ut000bs thats why i would try encasing one in resin to preserve the structure hopefully.
Would you show us refining integrated circuits? I'd like to know how to grind them into powder, extract copper, tin, silver, and gold. The rest is landfill because no more metals in the powder.
Hello, I’ve worked with some escrap. Trimmed circuit card fingers and pentium pro CPUs. These are among the highest yielding of all computer scrap. That’s why I chose them. I’ve never tried IC material. It’s messy, low yielding and produces lots of waste that must be treated before disposal. For these reasons, I don’t refine much escrap anymore.
Why not melt the silver crystal down to bars to reduce space taken and reduce surface area exposed that tarnishes?? Is there a specific reason?
Power 2 Weight pure silver does not tarnish....
Power 2 Weight so sorry..
@Power 2 WeightAssuming everyone walks around with a weight scale.
@@Lobennett52 It certainly does.
Hi sreetips, what’s your opinion on colloidal silver? I am interested in trying to make some of my own as an experiment. Have you ever tried this?
Jordon Gualtieri no I don’t have any experience with it.
sreetips fair enough. Thanks for the reply, love your videos!!! From Sydney Australia
Colloidal silver consists of tiny silver particles in a liquid that is sometimes promoted on the Internet as a dietary supplement. However, evidence supporting health-related claims is lacking. In fact, colloidal silver can be dangerous to your health.
Sreetips in your opinion how reliable would a density test be?
10 troy ounces of Silver = 311.035 g
density of Silver = 10.49 g/mL
V= 311.035/10.49 ~29.65 mL should be displaced
might work, still i wont rely on it
@@marcofico1 It will work, Archimedes figured it out in his bath thousands of years ago now.
Works just as good today as then.
Thank you for the informative video. Please be careful when investing in precious metals.
Be careful when saving American dollars. Turns out they lost half their purchasing power and just a few short years... The $15 silver I purchased in 2018 Fortunately retained all of its purchasing power.
Now file those 0.02oz off to get exactly 10oz :D
Rather destructive way to test a potential silver coin.
For me it’s the only way to be sure
Thank you for the info!
Keep stacking and don't sell it. Visit the WallStreetSilver reddit and join the silver squeeze.
eBay price is higher than what you would pay had you bought directly from the dealer. eBay charges up to 11% and those fees are passed to the buyer. You get the best deals going directly to the dealers website and wire them money, or send a check. For example, a single 100oz bar from Scottsdale mint its $1537 on their website, but their eBay price is over $2000. Plus if you want quantity you can get them for $1476 on their website, but no deal for quantity purchases on eBay.
Argent pur means pure silver in french argent is silver. Super nice coin wish i had one....
Thanks for informing us
How might I know the difference between plated gold and gold painted? Does it matter what karat of gold there is for precious metal recovery? Where should I go to buy silver and other precious metals?
No matter how much I’d like to sometimes, I just can’t buy metals on eBay. I have a reputable dealer that lives about an hour from me, and honestly, his premiums are just slightly over the JM, SD, on line stuff anyway. Plus it’s like a barber shop. You can get the skinny on a lotta what’s goin on from hanging around a bit. 😂😂😂😂
it's false that people don't take delivery on futures on silver. The market guarantees delivery if that contract is deliverable
Oh my, I suppose getting a Sigma machine you are at the mercy of the dealers. I bought a bunch of 10 oz bars from SGB One had been only 90 %!0 % copper as it turned out after made shot and changed the bar they would not stand by their own rules. Flippin low life eh !I can not afford a Sigma machine and do a lot of purchases with them as they are close by but I have video on the whole process showing something was not right Any of that company's higher ups can rot in hell with me looking down at them and pissing on their heads. Every one be else be aware, I hold a grudge ! and treasure my good name !
wouldve been cool if u ground the whole coin into dust just to troll the coin collectors 😂 bet the comments wouldve been crazy
Thr great rise in price i think is happening now and is a great time to sell.. The premium price is nesrly 15 over spot prize, so anyone who stacks its a very good time to sell as i do believe prices could drop after all this covid crap ends.
Love your vids man 👌 thumbs up from Ireland ✌️
happy to take it off your hands for you...
Hi Streetips, I know this is just an investment coin but it hurts to see you file it like that.. Wouldn't there be a different way, like weighing and measuring the dimensions of the coin? Did your friend's fake 10Oz coin actually weigh that? Then I assume it must have had like a lead core inside the brass to achieve the right weight and dimensions, which seems pretty difficult to fake (of course it's possible). I totally understand you doing it this way, I'm just wondering if there's alternatives.
I bought some silver dollars at a yard sale. First thing I did was file and test with acid. It's the only way I know to be sure you're not getting ripped.
Spot price is the front month contract which just expired last Friday. The funds that wrote all those contracts will protect their interest by crushing the price and having their contracts expire out of the money for the buyers and they (the writers) capture the whole value of that contract. Now look for silver's next move higher in the current front month contract which would be April 2020. Doesn't have to be a big move yet but with all this "free" money being poured into the system I would expect it to expire around where most of the smart money wrote those contracts and gradually move higher over the year.
That world is completely foreign to me. I'm just an advanced beginner in refining who loves to look at that beautiful pure silver crystal. And maybe I can show Mrs. Sreetips a nice chunk of change before we depart the earth. 5000 ounces at $100 bucks an ounce is... Half a million! Boy would she be happy with me.
@@sreetips You are most definitely running the right play with physical metals. The paper market is for the sharks!
I buy silver from a jewelery supplier company. In casting grain form. I intend to melt it down to liquid form to pour into casting moulds like to make a 💍 or pendant.
When people sell silver, there are a number of different options available. Spot price is the term used for a commodity if you were to purchase it physically right now. An easy way to remember this term is that it is the price for silver on the spot.
In essence, the silver spot price is based on how much immediately delivered silver would be worth in a specified currency at any given moment. But because there is no single specific physical marketplace where people can bring their silver, the silver price is derived from the futures market using a formula that takes into account current interest and dividend rates and how many days until the futures contract is mature.
That price is for buying one silver contract. I forget how many ounces that is, possibly 1000.
As somebody who does not refine, I died a little watching you ruin that beautiful 10oz coin, LOL
El Chupacabra it’s just a silver coin. It’s the only way to be sure. (edited once for content)
the dimensions of the real coins are online, all you gotta do is weigh it and measure the dimensions, no other metal will weight the exact 10 oz and with the right dimensions. Oh and with a little thinking , you can deduct that ARGENT means silver and PUR means pure in french, and i've never ever studied french.
A specific gravity test is a non- destructive way to test silver as well. I cringed when you filed that super maple 😂🤣😂😂It’s all good brother. But now you gotta dissolve it in nitric. Lol
I tried doing the test but my scale wasn't accurate enough
Yeah a non destructive test would have been better. It can even be done to check gold to find out what karat it is.
www.hauserandmiller.com/reference/melting.html
I just found a fake sterling ring tonight. It had a very thin plating of silver and was a yellow metal underneath.
Marked 925? In my experience, about 5% of 925 jewelry is silver plated over brass or copper. I remember when I first started fourteen years ago, I had a real heavy chain bracelet about a hundred grams. But when I threw it in the melt dish it didn’t want to melt. So I pulled it out and sure enough it was copper. Made a believer out of me. From then on I test each piece with schwerters solution (potassium dichromate dissolved in dilute nitric) before i commit any silver for refining.
The Canadian 1 oz .9999 silver coin is another great coin with security features. They also offer an ultra pure 1 oz .99999 gold coin.
They made a giant five nines gold coin in a TH-cam video - fascinating
Great video brother,,, very informative as usual. Besides the amazing pieces I have managed to get my hands on from Sreetips over the past year (thank you very much) I get my silver bullion from Provident. They have been great to deal with and always have a variety of high quality, trusted, and good priced metals. Look around there besides Ebay and see what you can get.
Also, for a quick, easy silver test without the chemicals, take a NEODYMIUM MAGNET and hold your coin/silver piece at an angle, and let the magnet slide down across,, It should slide slowly like there is a coating on it. Definitely should not Stick or just fall off. Silver is non magnetic, but neodymium is so strong it has this reaction. Hope this is all over soon enough and we ALL make a ton of $$ back in time. Stay safe..!
Now, Go wash your hands,,! ;->
I buy from Golden Eagle Coins. Two orders so far so good.
He's smart, he guessing pretty close for almost a year ago, in hearing it will jump to $200 oz in the end of 2021