Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. At first glance, they look fine, and then a closer look revealed problems. The American Eagle 1-ounce proof silver bullion coin is a … Well yes. Apparently these guys are going by various names. Again though, these coins haven’t even been released, which means you wouldn’t see any legitimate versions of this coin yet. He says “assume nothing.”. An American Silver Eagle is supposed to weigh just slightly more than one troy ounce because it is only .999 silver. There are a few simple tactics that can help you determine the legitimacy of a silver coin or bar, American Silver Eagle or otherwise, without sophisticated tools are a great deal of time. This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. I ordered two coins to confirm my suspicion. Fortunately, silver is quite a unique element and most fake silver consists of cheap metals that have very little in common with the real deal, making them easy to spot. I posted a tweet on your tweet, but I’d like you to know Newgistics/Pitney Bowes are likely compliant with this scam. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. It is a company based in China. You can test Silver with the same kit mentioned above or there are some other less sophisticated methods that are supposed to work also. Want more information about American Eagle Coins? US $0.03-$0.04 / Piece 1 Piece (Min. Legitimate US Mint coins have straight-edge tops (for example, 3) to the numbers in the date mark, while most counterfeits have a curved top on letters (for example, 3). Silver Eagles can often sell for less than $2.50 over the spot silver price. We use cookies to ensure that we give you the best experience on our website. It is missing the tail on the right side of the U. I did not need to see any more to be convinced this was a fake coin. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. I will have another post up by Friday with the results of my investigation. Look for the "Sterling" sign imprinted on the silver's surface. In any economy with any product, once a particular item reaches maximum popularity and demand, there are bound to be knockoffs. Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. The goal of counterfeiters is to create a high volume of fakes and make money on the sales as quickly as possible. I knew I was potentially buying fakes. You will see time honored coin designs that were a popular part of American culture. If nothing happens or the melting occurs very slowly, you have purchased a fake. Gold? I saw enough at that point. JM Bullion is an accredited business with the United States Better Business Bureau (BBB), is a member firm of CCE, and is listed as an authorized dealer of gold, silver, platinum, and other precious metal products by the Numismatic Guaranty Corporation (NGC). Also the fact that they give the same response saying that the merchant you purchased from will have more info than them. How to Avoid Fake Silver. I just took delivery of ten 1oz Silver Eagles from an eBay seller, and they are by far the best fakes I’ve ever seen. If it were solid (or .999) silver, it would weigh the correct number. If you ever see an American Silver Eagle without reeded edges, it's not a mint error, but a Chinese fake silver coin. This means the Philadelphia Emergency Production Silver Eagles are all that much rarer and more valuable for coin collections. However, the 2016 American Silver Eagle 30th Anniversary coins will not have the reeded edge on the proof and uncirculated versions. And, they contain about 25 to 45 ounces of silver, so the bars are not a total loss. Otherwise, you may want to check the company further. Silver American Eagle Coins Are Legal Tender and Precious Metal. The history that shines through on these Silver U.S. rounds will undoubtedly add value to your numismatic collection. The most frequently encountered fake foreign gold bullion coins include the South African gold Kruggerand at 30.4 percent, the Canadian gold Maple Leaf at … Fake proof 2015-W silver American Eagles have been reported by Numismatic News columnist F. Michael Fazzari, who works for ICG grading service. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. I’ll find that out soon. https://www.topokey.com/products/2006-2020-american-1-ounce-eagle-brilliant-uncirculated?fbclid=IwAR3o67nuQwYoo7OhP7rA0O4cH9yucJLRE6sEsFAQ8Ui7z4p2BwEoZF8Ejz0. Fake Silver Eagles on Facebook. ALL FAKE. However, many fakes were identified during grading because the silver plating did not extend all the way to the exact edge, allowing certifiers to see copper around the edges under magnification. Page 1 of 2 1 2 Next > manny9655 Well-Known Member. Says 44 sold so there's like gonna be at 44 fake ones dated 2019 to now keep your eye out for and not get stuck with out there in the hobby floathing around by Jackwagons trying to make $10.00 smh. How to Identify Fake U.S. Gold Eagles. The original 5oz .999 pure silver coin has … They spent $19.95 per coin. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. Last month I posted an article about a potential scam by a company named LIACOO selling American Silver Eagle coins from China. Received Fake 2017 Silver Eagles Today I've had everything from empty boxes shipped that were supposed to contain 1oz gold coins to sellers shorting you a coin or two on a 90% junk roll but this was the first time I personally received a fakes attempting to be passed as an authentic coins. That’s the only advice I have. The 1-ounce American Eagle proof silver bullion coin is made from real silver bullion. With Fake American Silver Eagles on the Rise, How Can You Spot the Fakes? Silver Eagles are known for their metal purity and high production quality. Acid Test. Sorry I got your name wrong! Though less common, some of the original American Silver Eagle fakes were struck mostly with copper at its core and a thin layer of silver plating to cover the copper. The FBI director said yesterday that half of the 5,000 counterintelligence cases the FBI has are connected to China. It was easy to see that they were fake when using my 16X lens. This round is minted using 5 troy ounces of .999 fine silver. Discussion in 'Coin Chat' started by carly, Aug 22, 2019. U.S. Silver Eagles There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. It can’t be solid silver if the diameter and thickness are correct. Perhaps one of your Senators or your Congressperson can direct you to a government agency that can try to help or should know about this. THE COINS ARE COUNTERFEIT! Production ranged between 5 - 7 million per year for most of the first decade. How to Identify Fake U.S. Gold Eagles. It is one troy ounce of 99.9% pure silver. We proudly carry only legitimate American Silver Eagle coins direct from the United States Mint, or from the grading houses at the NGC or Professional Coin Grading Service. Proof Coins. As the world’s single most popular silver coin program, it was inevitable that counterfeiters would work to produce look-alike American Silver Eagle coins in an effort to take advantage of the immense demand for these coins. Circulated fake Silver American Eagle coins from China are invading the United States coin collecting market. Says 44 sold so there's like gonna be at 44 fake ones dated 2019 to now keep your eye out for and not get stuck with out there in the hobby floathing around by Jackwagons trying to make $10.00 smh. The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. The American Silver Eagle is the official silver bullion coin of the United States.. The coins they are offering are listed as follows: 2006-2020 American 1-Ounce Eagle Brilliant Uncirculated DO NOT BUY CHEAP EAGLES FROM RANDOM WEBSITES! My first impression was that there are almost no rims on the coin. Jul 6, 2020 | advice, coins, Eagles, news | 14 comments. The question you should ask yourself now is, “how can I spot the fakes?”. That's an … Buy Five Ounce Silver Eagle Replica Rounds Online. Fake silver Eagles. Fake Counterfeit American Silver Eagle Coin Eye On Stuff. The die on the right is the reverse of a British silver crown dated 1899. Then I put it on the scale just to confirm. Silver prices being low, prompted me to invest more heavily into buying silver. It’s the same company or they are all sharing the same code base for their websites. Other tests are a little riskier for your coins, especially if you are uncertain as to the legitimacy of the coin in questions. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. I prefer the coins because they can hold collectors value also. How it works: even though silver is non-magnetic it has a property known as diamagnetism. That would explain things. However, they are not as prevelant as one might imagine. FAKES! Earlier this week, another dealer gave me one of these 2011 fake silver eagles. He said he purchased a counterfeit 2015-W silver Eagle at the Sarasota, Fla., show that was … Coin Collector’s Handbook: American Eagle Coins, https://www.topokey.com/products/2006-2020-american-1-ounce-eagle-brilliant-uncirculated?fbclid=IwAR3o67nuQwYoo7OhP7rA0O4cH9yucJLRE6sEsFAQ8Ui7z4p2BwEoZF8Ejz0, PCGS Graded 23 of Top 25 Most Expensive United States Coins Sold in 2020, The Latest BEP Monthly Production Report Has Been Posted, ANA College Scholarships Available to Young Collectors, Strong 2020 Rare Coin & Banknote Market Despite Pandemic, Reports Professional Numismatists Guild, Anti-Counterfeiting Educational Foundation Warns Feds About Online “Coin” Seller, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. 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