Brilliant test. Just tried it on a large silver spoon. The magnet does not stick to the silver but only has a slight attraction while it is moving over the silver. Thank you!
@IrishAnnie3 жыл бұрын
That’s a good practice test! Thank you!!!
@bruceedginton31392 жыл бұрын
Specific gravity tests never lie, check it out, easy and it won't damage your 🪙
@JesusChrist50003 жыл бұрын
The "magnetic" force that the Neodynium magnet does on silver is not magnetism. It is actually anti gravity. I think it will work on gold and copper as well. They are in the same column of the periodic table of elements.
@WestCoastPicks7 жыл бұрын
Thanks man! I busted out some of my suspect rounds and tested them. No fakes, but a very awesome way to test! Thanks again.
@Silveready17 жыл бұрын
West Coast Picks glad to hear it, thanks for watching
@tomboardman56947 жыл бұрын
West Coast Picks smarter than the average bear!
@679iceman7 жыл бұрын
West Coast Picks I did too lol
@Silveready17 жыл бұрын
appreciate it, glad your rounds were all good.
@tennesseewendy36314 жыл бұрын
Love the.video,nits sad when we can't even collect coins without worrying about fakes. It's just sad, thieves need to be locked up
@Silveready14 жыл бұрын
I agree!
@user-di7mq1ni6i6 жыл бұрын
The easiest way to buy real silver is to know your source that you buy from.
@johnmarks2273 жыл бұрын
weigh it
@expatconn72425 жыл бұрын
Getting ripped off bothers me .. Thanks for the help
@kenneth866 жыл бұрын
Its called EDDY currents. Its creating an electric current inside the silver round, causing a magnetic restriction on the moving. Its the same as dropping a magent through a copper coil that the ends are shorted out. The magnet will fall super slow as the electricity its generating puts magnetic friction on the motion downward with gravity...... I always do the thermal test with it. Hold one end, touch the other something ice cold. less then 2 sec the whole coin should be the same temp as the ice cube.
@superchuck32596 жыл бұрын
Wonder if copper would have same great conductivity?
@tubeonline6294 жыл бұрын
Warning: some coin dealers are selling fake coin testers. I don't know this, but the thought crossed my mind.
@leeroypana79203 жыл бұрын
to tell if it is silver, just download a "sound frequency spectrum" APP to listen to the sound of knocking, the staying sound should be around 4200 Hz for a 26.7 gram silver coin
@juanantoniosuarez35325 жыл бұрын
That was interesting to watch. It's sad to think how many people that are trying to prepare for the stock market crash/ dollar reset are getting conned and robbed. Thanks for sharing that valuable information.
@Boatswain19857 жыл бұрын
Thanks for this great video,, I have been buying Morgans, Peace, and silver rounds for a couple years now and have a good little stash, and never once thought of fakes till I seen this vid yesterday. I went right to Home Depot after work and bought a cool Neodymium magnet for $4 and did the test,,, Not a single fake in the bunch,,!,, I have bought from a few private e-bay sales and a couple professional online silver dealers and it was nice to know I have got scammed. Now I will check each one when I get it,,, Thanks again,,,
@Silveready17 жыл бұрын
glad to hear it! thanks for watching and commenting - Keep on stackin'!
@hemahema-rz7hq5 жыл бұрын
+Silveready1 good
@anasmrright5 жыл бұрын
"it was nice to know I have got scammed" You like getting scammed?
@sfbfriend7 жыл бұрын
Lenz's law.. magnet has a magnetic field, induces a magnetic field into the silver. Silver is an excellent conductor, any conductor will do the same that is not ferrous. Drop one of those magnets down a copper pipe and it will fall very slowly because of 2 magnetics fields. That also why an electric motor works...
@milty4567 жыл бұрын
Letting that magnet rub on any real coins bothers me :)
@morpheus67495 жыл бұрын
Especially a proof.
@Silveready15 жыл бұрын
just leave the proof coins in their plastic capsule when doing the test.
@tiffsaver5 жыл бұрын
Getting a fake coin would "bother" you a helluva lot more...
@bigrobnz5 жыл бұрын
that plastic cover is a good idea--I scratched one of my coins!
@mordechaijones46695 жыл бұрын
@@Silveready1 Believe you mentioned that.
@jpmvidal7 жыл бұрын
Your 1896 morgan dollar could be fake if its core is made of copper because copper is as diamagnetic as silver.
@MetalBum5 жыл бұрын
jpmvidal I guess do a size test and weight test??
@BarryPiper3 жыл бұрын
This happens with base metals too, especially copper.
@Rocknranchman2 жыл бұрын
I have seen this explained before but not to the point where I felt like it was a good test - But you did! Now I see what you mean by sticky surface! As someone that buys coin lots at auction - you never know what your getting! 👍
@oneministries48785 жыл бұрын
Be careful, the magnet will react similarly with thicker copper coins plated in silver.
@alynicholls32305 жыл бұрын
what you do is do this basic test with the magnet, that roots out steel and brass silver plated then you either buy an identifying metal detector(vlf), or get a detectorist to scan them. a magnet wont discriminate between copper and silver but a vlf detector with target id will, silver stackers can always acid test of course, coin collectors can buy a detector.
@PyroChimp757 жыл бұрын
problem is, if a fake coin has a copper center core it will also make the magnet move slowly.. both silver and copper have almost the same influence on the magnet (eddy currents)
@onedollasnake5 жыл бұрын
Pyro Chimp silver is slightly more drag effect in the magnet the sound test will expose the copper
@bRadicalmagic17 жыл бұрын
I had NO IDEA of this test & simply want to say thank you for the TIP ! ! !
@Silveready17 жыл бұрын
thanks for watching and commenting!
@xoscha19834 жыл бұрын
Thank you! new to silver, bought 5 coins that looked to glossy/ bright / sharp compared to the rest so was a bit scared i got scammed, but now, with this video, I could test them myself, turns out they probably are legit! thank you for the great explanation!
@billrundell20977 жыл бұрын
Excellent you tube on detection of fake silver coins and rounds.
@theinsanitypenguin7 жыл бұрын
Bill Rundell H
@rickstrole96344 жыл бұрын
Lenz law ?
@rickstrole96344 жыл бұрын
Won't copper do that as well
@theflyingdude38583 жыл бұрын
So magnet love silver ????
@guerrerosdigitales3 жыл бұрын
If my coins are smaller than the magnet, would it work if I place the magnet in an angle and I make the coins slide down on it?
@Silveready13 жыл бұрын
you could possibly try a comparison with a non silver coin of similar dimensions, small silver coins aren't counterfeited as often in common dates, but you have to be careful of rare or Key date silver coins.
@nwmonk31055 жыл бұрын
Rule #1 Never ever buy precious metal off of Ebay or Amazon.
@Scubz4 жыл бұрын
I always buy off eBay. Look at reviews. If you know where you’re buying from it’s impossible to get fakes. APMEX, and many more trusted shops are on eBay
@jbiiskeptic39713 жыл бұрын
Why not just weigh the coin???? I've read about a hundred comments and only one guy alluded to doing that. Am I missing something? If your 1oz Silver Eagle isn't weighing in at 1oz or your Morgan Dollar isn't weighing 26.7gm they're a fake. Copper density is miles away from silver, so are steel, tin, brass, zinc or whatever other cheap metal someone might try to substitute.Either the coin will be way thicker than normal (pretty easy to spot) or weigh a whole lot less than it should. Lead is way more dense than silver and the coin would have to be really thin to have correct weight, again easy to spot. Or are people actually creating some kind of lead alloys with a similar density to silver? I find it difficult to believe that happens a lot. Precise digital scales are probably cheaper than rare earth magnets at this point. ($7 on Ebay) I'm a numismatic novice so don't scorch me too bad if I'm missing something here..........
@Silveready13 жыл бұрын
I don’t know what alloys are being used to produce the fakes, but I do know that many of the copies have similar weights as the originals.
@skywalkershaun15 жыл бұрын
Probably wouldn't hurt to get a bunch of fakes to act as decoys for a home robbery.
@bobabooey83677 жыл бұрын
If you want a strong magnet, go out trash picking and find a burned out microwave. open it up and look for a cubical box with poles sticking out both ends. that's the magnetron.there are 2 donut shaped magnets in there that are very powerful.
@alynicholls32305 жыл бұрын
stay away from the pink ceramic pieces, they contain beryllium if you break them the dust is TOXIC and dangerous, breathing in the dust WILL cause lung cancer. cut the metal with snips or whatever you have to to avoid breaking the ceramic parts.
@Pocketraisins5 жыл бұрын
Just as good if not better, tear apart a old computer hard drive. Two very strong magnets inside. No toxicity problems and all you need is a hammer.
@ronwallace62735 жыл бұрын
good way to get shocked to death
@BlackKilt775 жыл бұрын
No, it is not. Assuming you are not so dumb as to not remove the disk from the power supply first. Or, if you are that dumb, maybe you will win this year's Darwin award!
@TheGeonam2 жыл бұрын
I know a guy that had been in an accident back about 2000. He was laid up at home for months. Ebay was just becoming popular. My friend would buy up old Morgan dollars and Pieces of Eight. I was visiting him when he won the bid on a Piece of Eight that he paid $40 bucks for. He told me was trying to buy every Piece of Eight that came up for bids. By the time he was healed up he had a bunch of M.D. and P of E. I wonder if he bought any phony's back 22 years ago. I sure hope not! I'm going to tell him to watch this video. Well done and thank you. I am United States Army Ret.
@Silveready12 жыл бұрын
Thank you for your comment and your service, fortunately for your friend 22 years ago Chinese counterfeits hadn't started flooding the market yet - so I would guess his purchases are probably legit.
@dleetr2 жыл бұрын
Great realisation of explaining how easy it is to use these magnets and why it should be mandatory for all bullion buyers. With se protection for the coin of course.
@bobbydias50747 жыл бұрын
In a book Sears gave me to read in preparation to be a store detective I read than an expert will know how exactly far from the coin to make it look like the coin is silver but the coin will be steel or copper with a nickel coating. Also, the angle to the coin is important- a little difference between a fake seeming to be silver. Also if you have some fakes you can say it is a fake to some potential buyers who collect the fakes. Keep your ears open in case the buyer is not saying that the coin is a fake to a potential buyer of his- do not sell to him again.
@jimalcott760 Жыл бұрын
Not sure what this means…?
@brandonberry51865 жыл бұрын
Excellent video!! I’ve been look for the last 3 hours for a off the grid way to test silver without acids this n the water density test is a very good option!! I’m hitting up amazon for a 🧲 rite now!!
@davidho29773 жыл бұрын
You might be able to find neodynium magnets at hobby stores. One near me used to have them. I haven't been there for a while.
@PatriotCoinRings5 жыл бұрын
You have me freaked out on how many silver fakes I may have bought now and last week I just bought a half dozen of those year of the horse ones as well. Oh I'm looking for a magnet right now - thanks for the tip!
@Silveready15 жыл бұрын
Hope everything turns out all right!
@PatriotCoinRings5 жыл бұрын
I found several on Amazon and you're right, they are very inexpensive. Is there any one specific size or thickness we should be using for this test? smile.amazon.com/s?k=neodymium+magnet+disc&ref=sr_gnr_aps
@PatriotCoinRings5 жыл бұрын
Other than needing to know the size of magnet needed to use I came across some really large ones on that amazon link I found as well and was wondering if that wouldn't be a better way of doing it is to get a much larger Super Strong Neodymium Magnet 1.5 x 3/8" and see how silver slides off the magnet instead of the other way around? What are your thoughts.
@inseanity_murphy4 жыл бұрын
Very good video! You were very clear and the little quiz was helpful to teach. Thank you for sharing! 🙏
@BulletProofBallzPDX5 жыл бұрын
I ended up with 10 fake 1921 peace dollars, I had to go through the ice test, passed, the magnet test. passed, measurement, passed, the ring test was iffy, and the fail was weight, should have been 26.5 give or take, they were 23.5 and 22.8 grams. So since I was fairly sure due to weight being so far off the average I scratched the hell out of one on the eagle side, and 6 hard scrapes later, copper. I am only out 4 dollars a piece, but unless you are making some cheap jewelry these are not worth a damn. But if I had not been persistent I would have fallen for it, and the sellers first auction I bid on did not indicate these were reproductions or copies, since I emailed them they have posted them as "handmade" I would not have even wasted my effort to fart at these if they had been marked as such. Old saying too good to be true rang true here too.
@Silveready15 жыл бұрын
Yes, sorry to hear about that but at least you discovered they were fakes.I always tell people there’s no such thing as super cheap gold or silver, if the price is too good to be true it almost always is! Thanks for watching and commenting.
@georgemadis54815 жыл бұрын
A good easy way to test them discreetly is to hide a magnet under a ring on your finger. I wear a coin ring,a tenth Oz gold eagle coin in a nice gold ring. A magnet hidden under the coin in my ring lets me check coins discreetly. You can also get a small bar magnet and glue it to the bottom of a ring,this way you can just appear to lay a coin in your hand to examine it and can feel the pull from the magnet if its a steel counterfeit. I don't want to make a legitimate dealer angry by testing a coin in front of him,most legit dealers won't mind anyway. A dealer who is knowingly selling counterfeit coins won't want you to test them, of course, and will act very offended, but I always call them out on fake coins anyway, just loud enough for others around us to hear. At a coin or gunshow other dealers nearby will get the word out about the fake dealer.
@kconnor45682 ай бұрын
The magnet test is not the most conclusive test for silver. As you might have noticed some of the of test just slide down and the metal test may have more silver plating it then most other counterfeits so the scratch test may actually have a thicker plating than most other metals, so the scratch tests could be nonconlusive, taking a bit more silver than normal and would still pass the test. . Basically all that I can say is that there are a number of different ways to fool test and the more tests, there are more ways to counteract and/or counter the test.
@pneumatic004 жыл бұрын
Now what you should do: Test a .999 round, test a 30 drachma .835, test a .720 Mexican whatever, test a 1974-77 Canadian 50% dollar, test a 40% clad Kennedy. The magnet test gets flaky @ 50% and under.
@piosian49147 жыл бұрын
Philippine Commonwealth Coins minted in Manila in 1938-1940 are so rare and hard to find.
@nickwiles30717 жыл бұрын
Thanks for that Silveready1. I've been stacking for two years now and hadn't had any fakes. Did alot of my shoping online and used ebay on a significant number of purchases, no problems - until recently. Out of the five coins bought two were fakes. I bought a proof/reverse proof SSSB round with all the bells and whistles (the box with SS on & the signed cert etc) It looked the "dogs B's",the weight was perfect but it rang like foil wrapped chocolate! It was just nasty. And today I received a round i liked the look of ( New World Order, Honest Weights For Honest Men); it was just unusual and, though I do not necessarily agree with its sentiments, it looked quirky and unusual. Did my due diligence. It came in at 29.3grams, rang like copper but, worst of all! the neodymium stuck to it like a hungry mole on a worm sandwich. It even hugged the edge. I've never seen that before. Didn't bother with the specific gravity test. Filed for a refund just now.
@Stanman1217 жыл бұрын
Well that sucks. Luckily like you said, it hasn't happened a lot.
@ibo17806 жыл бұрын
ebay is the last place you wanna buy sliver from
@goldentrucker79216 жыл бұрын
IBO completely wrong. I've gotten plenty puff great deals on there.
@superchuck32596 жыл бұрын
Better check that the coins are not fakes. Bring the coins to a local dealer.
@guzzifabrication34485 жыл бұрын
@@ibo1780 Buy from Apmex and you will never have to worry. About Ebay, Ebay has a "money back guarantee" if purchased items are not as advertised...... whether the seller agrees or not. Purchase from highly rated, established sellers with positive feedback. Buy a precious metal from a coin shop and take it back....... I can tell you what 8 of 10 coin shops return policy will be........ I buy and sell on ebay and ebay has stood good on their return policy several times.
@GunDrone5 жыл бұрын
My understanding of these fake coins is that they are counterfeit. Which is against the law.
@busymountain5 жыл бұрын
Tapps47 only the Sovereign coins are illegal if counterfeited not the regular coins made by companies.
@GunDrone5 жыл бұрын
@@busymountain My understanding of the counterfeit act of 1864 signed by Lincoln, was that no company or private individual shall make any coin usable by or for other individuals, persons or company's that are not minted by a federal government mint or authorized mint. Can't recreate US coin as that is counterfeit. This was my understanding.
@busymountain5 жыл бұрын
Tapps47 private companies make coins or rounds. Maybe it’s about definition. But I do believe that making a round that is counterfeit is not the same as making a US dollar counterfeit. Maybe someone can clarify who is better in the know.
@erichaynes885 жыл бұрын
You can only counterfeit official government currency (Silver Eagles, Maple leafs, etc.), countefeiting silver rounds is fraud.
@GunDrone5 жыл бұрын
@@erichaynes88 regardless its still illegal.
@cal30m17 жыл бұрын
I am just an amateur coin collector, starting in the 1960's as a kid. I understand the coin is a fake that the magnet sticks to. However, if US silver coins are 90% silver and 10% copper, why would there be any draw to the magnet? Also, how do counterfeiters make fakes completely void if iron? They must use some sort of "junk" mixture of metals, no?
@careybrown61727 жыл бұрын
The real silver coins aren't "drawn" to the magnet. Think of it more of if your sliding the magnet down a teflon coated plastic vs rubber. Neither is magnetic, but the magnet will behave very differently on each surface.
@Stanman1217 жыл бұрын
It's called diamagnetic properties of some metals. Read all about it. Fakers can plate other cheap materials.
@cal30m17 жыл бұрын
You learn something new everyday...
@cornman11237 жыл бұрын
Why would it be difficult to use metals other than iron? Nonsense
@six-pack13325 жыл бұрын
I usually just flip coins, silver makes a ringing sound.
@collectorguy43793 жыл бұрын
Yes i ping my purchases BUT some fakes still ring like silver!
@09nedly095 жыл бұрын
The relief looks high on the fakes. I've handled a lot if clad in my days in minting and even the sound is a give away
@VJJBodhi6 жыл бұрын
I bought silver war nickels from a guy on ebay called Longhorn Coins and 4 of the 40 were super shiny, my magnet picked them right off the table, they weighed 4 grams and 6 grams (not 5g) and they were measuring at a different thickness and width than all the others. Sounded like crap when i struck them against each other. Also, there was a 1946 and a 1960 in the batch. Watch out for him.
@RingJando5 жыл бұрын
I swear it's not me . . . I swear on my dead cat's eyes
@geoffreywren20534 жыл бұрын
This is good. Even dealers often do not know this. One caveat. Copper too will produce a slow magnet. So a silver coated copper round would not fail this test. It would be thicker though.
@todddavis94265 жыл бұрын
Thanks for making this video. I’m going to get one of those magnets.
@luisrangel59487 жыл бұрын
Great test, enjoyed the video! I tried the strong magnet and it works on my Morgan and Peace dollars. I also tried the magnet on JFK half dollars dated 1964 through 1985; it glides slowly too. Then, I read Peter's comments after I tried the test and I agree with him.
@Puppyplay19 жыл бұрын
The magnet is one of several test that we should all be doing. Reason #263 I don't buy anything from anyone other than a national dealer unless I can check it first. There are sooo many fakes out there, especially on ebay. I bet there are many in this community that have them in their stacks and do not even know it. I got taken once a long time ago and since then have been extremely cautious and measure, weight, ping and magnet test everything! Thx!
@Silveready19 жыл бұрын
Cull Silver I think you're right - there are a lot of stackers that buy from anyone because the price is low - just assuming it's real.
@elizabethflood8994Ай бұрын
THank you, for sharing the test of fake and real.
@joestreet70362 жыл бұрын
Just wanted to say thanks for the video.didnt know you could do this.i have some magnets out of hard drives that were free that are neodymium that I can use to check
@MrShastymax3 жыл бұрын
So if I can stick a refrigerator magnet to the coins, they are fakes? Right?
@tibbysteve7 жыл бұрын
That's awesome. Thanks for the very simple trick. Glad to say all of my collection is legit😀😀👍👍 but I also purchased fakes to help educate friends and family on the dangers of buying fake silver. And you just helped me add an new trick to the book. Thank you so much for sharing. And let's keep those slow maple syrup maple leafs legit. That's my silver heroin. Is Canadian maple leafs. Thanks again..👍👍
@auag38359 жыл бұрын
The only drawback with the magnet is that copper and silver have nearly the same electrical conductivity therefore hey slide the same. It's still a good test.
@richh15765 жыл бұрын
A good and reliable test: 1. Equipment needed - an iPhone, etc. with a musical frequency tuner app (ie. Cleartune, etc.); and, THICK ceramic or marble, etc. tile about 12 X 12". 2. Simply drop the coin onto the Tile and observe the 'note' (frequency) that the dropped coin makes when it bounces onto the tile, 'read' the the note's *frequency* on the iPhone. 3. Standardize/calibrate: obtain a certified US mint 'Walking Liberty' .999 1 oz. coin. Drop and note the FREQUENCY on the 'meter' of the app. Use that frequency as your 'standard' for .999 purity, etc. 3a. Do the same sequence with pre-1963 .9 purity 'junk silver', etc. (different frequency response for each 'size' coin dime, quarter, half dollar, etc. ). If you're good at 'perfect pitch' (many musicians are) simply remember the calibration 'note'.
@T12J73 жыл бұрын
Those fakes have been done by the same people who do the real ones too. It's the banks who also make those fake gold bars. Regarding this paramagnetic property of silver, there are also copper and lead which are also paramagnetic, so lets take a look at their stats: _magnetic susceptibility_ (source: en.wikipedia.org/wiki/Diamagnetism) - Copper's is -1 (Xm * 10^(-5)) - Silver's is -2.6 (Xm * 10^(-5)) - Lead's is -1.8 (Xm * 10^(-5)) _density_ - Copper's is 8.96 g/cm³ - Silver's is 10.49 g/cm³ - Lead's is 11.34 g/cm³ From this data it could be reasoned that lead is actually a better choice when counterfeiting silver coins because it has nearly similar magnetic susceptibility and density with silver. I doubt that you can tell a fake from a real one by using this method if the fake one is made from lead. I would love you to prove me wrong though by doing an experiment with a copper and lead bars. You could try how the magnet acts when sliding on their surface and compare it to how it slides on the silver coin. One more test you could do is by measuring the density of the coin. You could sink them in some super narrow water bottle and look how much the water level rises from the coin. This tells you their volume. Then you could weigh them with some accurate diamond scale and from these stats you could calculate the density of the coin, and if it matches the density of silver, then it is a real one.
@montroelectric98405 жыл бұрын
I know my silver is real whem i purchase from jm... Comes with invoice and everything...
@RingJando5 жыл бұрын
I also have a good voice - listen to this 🎼🎼🎼🎼
@aaronyang93962 жыл бұрын
So the fake coin is sticky to magnet?? You did not explain behavior of real silver coin contact with magnetic
@dennisgeroux44832 жыл бұрын
The problem is if your buying on line and it’s fake then your stuck with it because they will say you switched it and it’s not the one they sent you. So it looks like you have to have it in hand to test it.
@nicparker38095 жыл бұрын
If you purchase your metals from Ebay expect it is a fake. Chinese dont go to jail.
@johnmaddox74325 жыл бұрын
Are you sure we are not dealing with the fact that the circulated type of coins are only 90% silver? Since we stopped using silver coins for circulation and only for collection now they can be pure silver and therefore shouldn't be magnetic. I will try this on my own uncirculated coins to see what happens.
@Silveready15 жыл бұрын
No, the magnet behaves in the same way with a 90% silver dollar such as a Morgan or piece dollar.
@danielwilder61855 жыл бұрын
excuse my misspellings but your video has made me very nervous since I have thousands of dollars invested in my silver and the magnet falls very very fast off every single piece I own. And all were purchased directly from the US mint
@L1v3FrE35 жыл бұрын
Thank you very much! I am just starting to educate myself with this stuff.
@markmolinari7772 жыл бұрын
That's really too bad about having to be concerned about buying fake silver & gold. On the other hand, if you buy shares of Microsoft, Apple, Home Depot, or Chevron, you won't have to worry about that and the value of the shares will up up in value appreciably plus, on a quarterly basis, you'll get paid cash dividends.
@bobby98478 жыл бұрын
The magnet will slow with pure copper too. silver and copper are both diamagnetic.
@denzilritchie28066 жыл бұрын
Magnet testing is great, but beware, the fake coins that have been stamped on a copper planchet and then silver plated will react very similar to the real silver coins when magnet tested? These copper plated coins do exist and they're not that uncommon. This is where you really need to carry a scale and know what the coins are suppose to accurately weigh. And even if the coin weighs correctly, this is not 100% full proof either. It's also really good to know the distinct sound of silver with the ping test. But at the end of the day if all else fails the acid test needs to be done. However, the sellers/owners of the fake silver usually won't allow you to deface their coins with a acid test. If this happens just walk away from the deal. I'm just saying it's easier to get ripped off than you think these days, even when you have done two or three good tests to prevent it. However, knowing what to do will certainly cut your losses in a big way. But please know this as well, there are absolutely Chinese fake silver coins that are stamped on 90% silver planchets, this is a 100% fact. But obviously these fake silver coins are usually the key date coins that have a higher book value. Again, I don't think anyone would stamp one of these fake silver coins with a common date, that would just be stupid. I'm sure people can educate themselves on how to identify these fake 90% silver coins, but at this point I personally have no idea, I just know they exist and many are very good fakes. Nothing is safe from being fake, not even the Silver bars. Silver can be a very scary investment, specially on Ebay? If you deal with private sellers on Ebay long enough, you "will" get ripped off. I swear, none of the constitutional silver coins are exempt from being fake anymore. Maybe if you get ripped off it won't be deliberate or intentional, but it will happen! It's best to just go ahead spend the extra money and deal with a reputable seller like Sunshine that has a decoder lens that shows their silver bars are valid! Good luck! Collecting silver is allot of fun if you can afford it and your willing to accept the risk and still enjoy yourself and smile about it.
@treycaldwell41185 жыл бұрын
I don't get it. The last was too magnetic therefore fake, but then he says "I'm sure they make a non-magnetic one"? What does that mean? Why would they do that? The magnet test would exposed the fake coin either way.
@paulgoss13715 жыл бұрын
This is precisely why I refuse to buy anything silver unless it comes from Provident Metals or Littleton Coin co. So far so good with those two dealers. Quick shipping times as well. I have a bag full of fake silver I bought when I first got into stacking silver. Looking back on it I can’t believe I was so stupid because knowing what I know now the fakes are so obvious. But anytime you start something new you’re going to take some lumps. But they’ll never get me again that’s for sure.
@anasmrright5 жыл бұрын
I thought all Canadian coins were magnetic. Nickles, dimes, quarters, and loonies are.
@daleval21825 жыл бұрын
Oh boy, silver is not attracted to magnetic. Canadian dollars and dimes quarters and 50 c pieces 1965 and older are 70 % silver, nickels RE nickel. Don't buy silver till you learn at least the grade 1.knowledge
@amartinez20715 жыл бұрын
The thing is that a coin can have the right weight,ping,pass the rare metal an regular magnet have the right size and still be a fake just a good fake.
@user-jy4hu3pl4s7 ай бұрын
thank you very much! how about Al instead of Mg. I'll try tomorrow...
@urieljauregui29272 жыл бұрын
Is this the same concept with Gold? Or is it’s magnetic properties different than silver? Thanks.
@boblindstrom34792 жыл бұрын
Awesome day to watch the boss!
@weRweekendwarriors5 жыл бұрын
Where'd did you buy your magnet?
@tjl88847 жыл бұрын
Flipping the coins with your thumb, silver has a certain ring to it over metal coins.. Try it out..
@EivinSukoi4 жыл бұрын
You've watch " The good, the bad , and the ugly " too many times , good coin flipping , good classic film .😄
@theancientcitycontinental21784 жыл бұрын
Very interesting. I thought 999 silver was not magnetic whatsoever. Can you explain why there is some attraction with the neo magnet? What’s going on here?
@Yahs-our-El4 жыл бұрын
How would I test 12 gauge silver rods I got two but the acid won't sit it just drips down and the magnet test is not quite working right prtobably cause it is not flat
@bobbydias50747 жыл бұрын
If you use weight as a test do not presume one weight for one year is the same for other years. Online look for definite statements for weights of the year you are testing.
@alexgourdine48955 жыл бұрын
Jesus, I wish I would have seen your video prior to purchasing a Silver Eagle on line just over a month ago. It also came in a round plastic casing and I can't help but wonder now whether or not my coin is fake or what. Thanks for the info, it'll help a lot in the future. Take care partner!
@BlackKilt775 жыл бұрын
Take home lesson - NEVER buy a bullion coin in a case.
@METALMAN4Wii5 жыл бұрын
Yeah that's why you don't buy foreign coins especially ones from China.
@kaynefryday12513 жыл бұрын
You said the lunar horse coin is Canadian , it has Australia stamped on it.
@brandonknight72406 жыл бұрын
Thanks 4 the tip, I've never seen this tip before
@igor2030ign3 жыл бұрын
Magnet + Copper = acts same way!
@kvdp95433 жыл бұрын
Very good. But how do I know if my magnet is real neodymium?
@bezzie95 жыл бұрын
So; weigh the coin. Test it for magnetism. Acid test. are there other tests?
@yardsalesavage90325 жыл бұрын
Thank you.....The weight test. That is what im thankful for.
@yardsalesavage90325 жыл бұрын
Tells on fake bills also.
@archygrey90935 жыл бұрын
Silver coins will have a very specific ring to them. Also someone else mentioned that if you put one end of the coin on something cold like ice then the whole coin should become just as cold in under 2 seconds since silver is very thermally conductive.
@helives26307 жыл бұрын
Wouldn't it be more effective to weigh it? I mean, it's can't be easy to fake the weight of a coin or round. Pennies weigh out differently because of their composition, why wouldn't any other coin? Just a thought.
@toshioikene82005 жыл бұрын
I'm starting to think that fake precious metal is kind of like playing duck duck goose. So you acquire a fake coin or bar, but it still looks good. Say you keep it in the original packing and you paid spot on it. Now some folks would say, test it and get it out of circulation for the consideration of others. But imagine that you just duck duck it on to another buyer. In essence it's another fake rembrant that was sold. Sure, if you melt it down it isn't real, but at some point the fiat nature of it will can still make it have the same worth as a real coin for typical transactions. When we a buy coin for the art, we pay a premium on rarity -- at some point, the fake could be just as rare. Just something to think about. I think I too have some fake coins that the predecessor didn't know or didn't care that it was. But those fakes still look good and don't stop me from enjoying the look of them. I think we all take the risk, but if we don't feel cheated but appreciate the art piece, I think it may allow us to live with the mistake. Smells like gold, looks like gold, feels like gold -- may not be gold, but I can dream that I'm a king. BTW, thanks for the video -- education is awesome.
@pauld29132 жыл бұрын
Such a helpful video. Thanks for posting!
@Mithranos5 жыл бұрын
Time to check my coins.
@HappyBirdsGlitterNest9 жыл бұрын
Great video SR1! I picked out the fakes! :o) Glad to see you back!
@Silveready19 жыл бұрын
OneVeryHappyBird Thanks HappyBird.
@julesverne46299 жыл бұрын
Jules Verne Check your Local Community Libraries for ``Mineralogy Science Books`` they will tell ALL Celtics and Celtic Peoples for the ``Specific Densities for both GOLD an SILVER`` this Celtics Knowledge will NOW NOT allow any Criminal Jews of the Federal Reserve Banks of America United States can ``NEVER`` fool any Celtic Peoples about the Actual Specific Densities of GOLD and SILVER Precious Mineralogy Metals. The Jews of the Criminal Federal Reserve Banks of America United States will be finished for armed with this Knowledge of the Mineralogy Specific Densities of both GOLD and SILVER Precious Metals is Science Listed as in Grams per Cubic Centimeter or ``Specific Gravity Densities of conversion to Grams to Milli-Liter Cubed or Centimeter Cubed Cm.^3 of Volume in the ""Simple Science Celtic Equation of Density= Mass( of Gold or Silver.)/(divided by.) The Volume of Graduated Cylinder or Cooking Pyrex Measured Cups of Diplacement of the GOLD Bar or SILVER Bar must match the ""Specific Gravity Density shown in Mineralogy Science Books then converted to the Grams per Liter Specific Densities for the GOLD and SILVER Bars Density Volume Displacement of Water in the Graduated Density Cylinders of Cooking Volume Marked Pyrex Cook Measurement Cups to measure your Volume Displacements of both GOLD and SILVER +999 Bars or Gold and Silver Jewellary or Trophy Cups for the Specific Density of GOLD and SILVER Precious Metals than comparing the Densities to their converted ""Specific Gravity Densities, as listed in your Silver and Gold Metal ""Mineralogy Books of your Local Community Libraries or Home Mineralogy Books""!!!! This knowledge of Power of Sciences has been contributed by the Celtic Galician Celtic Engineers of the Science of North Galicia of North PORTUGAL to Celtic IRELAND and across the CommonWealth World for the Celtics Peoples of the CommonWealth Nations around the Global Earth, both Celtics Galego Celics Portuguese CommonWealths of Portugal-BRASIL Alliances and British CommonWealth of Nations. NO Criminal Jews of the Federal Reserve Banks can NO, "NEVER fool"with any other FAKE Metals, any Celtic Peoples that are Armed with the above stated Knowledge of Power of both GOLD and SILVER Elements of Precious Metals, Specific Gravity of Densities and Density Specific to only GOLD and SILVER Element Bars!!!!!!!!!!!!!!!!!!!!!!!!!!!
@richavic45207 жыл бұрын
Jules Verne , take a grammar class.
@tammyrouse74225 жыл бұрын
I was at a resale shop and they had an Indian Head silver rounds {looks like the Buffalo nickle } next to some other rounds . The Indian head was several dollars less and I was skeptical about its authenticity . It just had a different luster to it . I will try this .
@Silveready15 жыл бұрын
Yes, you have to be careful there is a lot of fake stuff out there these days, thanks for the comment.
@wh80859 жыл бұрын
I saw the post about purchasing neodymium magnets from ebay but does anyone know any walk in stores to buy them from ? I've never used ebay and am somewhat shy to use my credit cards online. Thanks
@Car1Sagan8 жыл бұрын
Where in the harddisk are they?
@1845orange6 жыл бұрын
Silver is the most electrically conductive element therefore magnets induce current as they slide by which opposes the Magnetic forces of the magnet.
@morpheus67495 жыл бұрын
Nope. Gold is an ever better conductor, not to mention several others.
@timetravellingbunny39525 жыл бұрын
More to the point, silver, gold, and copper are diamagnetic. A web search for "diamagnetic properties of silver” will reveal a number of sources that explain the behavior of magnets as illustrated in this video.
@ladypilliwick81796 жыл бұрын
Thank you. Very well done video
@clearasvodka9 жыл бұрын
For Eagles you don't need a magnet test or acid test. All you need to do is buy from a reputable dealer and get your goods in sealed US mint tubes. Take the guessing game out of it. It's nice to have a real round to compare any newly acquired rounds with. Rarely do fakes weigh out exactly at the right weight. Get a accurate scale and see. A ping test is also interesting as we all know that each coin has it's own unique sound that cannot be faked if not pure.
@Silveready19 жыл бұрын
clearasvodka good suggestions, I like the convenience of the magnet and usually carry it around with me when I go to coin shows, ive had pretty reliable results with all kinds of silver bars and coins (also caught a few fakes) -Thanks for watching and commenting.
@davidho29773 жыл бұрын
Good info.
@CoinsAndCapsaicin6 жыл бұрын
Or just buy your silver from a place like apmex. Guaranteed purchases.
@emilphoryew94365 жыл бұрын
That Morgan Dollar to the left looks cleaned as the luster is off.
@user-qf1xq2vf2r5 жыл бұрын
Yeah that's good to know I bought a whole bunch I'm going to test it
@parttimepreppers99079 жыл бұрын
Great idea for reg. Issue coins or bullion, but for proof coins I would be hesitate to test because of scratching it may leave. Thanks
@Silveready19 жыл бұрын
PART TIME PREPPERS you can slip proof coins into a plastic coin sleeve and then do the test, it seems to work just as well in the sleeve.
@toddly11335 жыл бұрын
Wow! That's aWeSoMe bro! Thank you for sharing that. I just now subscribed and hit the bell.🔔🔨 😁