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Fake SILVER from a fellow coin dealer!?

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Minot Coin & Bullion

Minot Coin & Bullion

Күн бұрын

In today’s video, I discuss how I ended up with a fake 1oz silver Canadian Maple Leaf in a lot of coins purchased from a fellow coin dealer!
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Minot Coin & Bullion
922 37th Ave SW
Minot, ND 58701
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Пікірлер: 87
@danielmarler8774
@danielmarler8774 6 ай бұрын
Silver maples have a sheen that is unmatched. Your side-by-side comparison really showed that
@beckyjo8745
@beckyjo8745 6 ай бұрын
Appreciate you sharing this. Side by side you can definitely see the difference.
@rocksolid6494
@rocksolid6494 6 ай бұрын
I would take that fake coin out of the general population. It needs to go to solitary confinement!
@BlueWaterSTAX
@BlueWaterSTAX 6 ай бұрын
Thanks for sharing Josh. That Maple looked pretty legit. I got two fake 1986 Liberty dollars from my LCS. I noticed the next day. And boy did they look terrible compared to an original. Luckily she replaced them for me. She felt stupid and ate the loss.
@ddprepper5227
@ddprepper5227 6 ай бұрын
Excellent report 👍👍👍👍👍👍👍👍💯
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
Glad you enjoyed it
@robertclark9
@robertclark9 6 ай бұрын
It’s very rare that I see a fake anything come from a dealer. Their antennas are usually up spotting fakes. I supposed one could slip through. But it’s a rare exception.
@wi.dave3812
@wi.dave3812 5 ай бұрын
Thanks for the education 😀🇺🇸
@darrensoldan5972
@darrensoldan5972 5 ай бұрын
Quality content indeed. Thank you for sharing Josh.
@TheQuickSilver101
@TheQuickSilver101 6 ай бұрын
It stinks that you got a fake coin in the deal but it is for sure educational. I bought a fake silver bar on eBay years ago. I decided that was going to be the only one so I bought a sigma and a scale and now I test everything, even stuff from dealers because none of us are perfect. Thanks!
@bowlmeoverva
@bowlmeoverva 6 ай бұрын
Did the fake Maple pass the poor man's sigma test - Rare earth magnet test?
@redcatsassociate
@redcatsassociate 6 ай бұрын
The fact the the word "Dollar" is spelled with two D's is a dead giveaway. 😂
@BlueWaterSTAX
@BlueWaterSTAX 5 ай бұрын
😂
@coloreye7963
@coloreye7963 6 ай бұрын
I absolutely cannot stand that we have to deal with counterfeits and hate that they are getting to be so good and readily available. I’m on the market for three 1916d mercury dimes to complete my kids and grandkid dime sets and come across a really good counterfeit the other day.
@joshuakelleher-bw5dg
@joshuakelleher-bw5dg 4 ай бұрын
Ya it’s infuriating.
@Wookietown
@Wookietown 6 ай бұрын
So what should a customer's expectation be on the coin dealer's due diligence when they are selling secondary market gold and silver? The average person does not own a Sigma. It would absolutely affect my trust if a coin shop "misses" fakes when selling secondary market products.
@beckyjo8745
@beckyjo8745 6 ай бұрын
I need those old kookaburra's !!
@lindanelson8400
@lindanelson8400 6 ай бұрын
Very good video. The fake looked like the queen's portrait was wider than the genuine coin. The dead giveaway for me was when you did the side by side, the radial lines on the genuine coin are so stunning, there's no doubt about its authenticity.
@Rybczynski1
@Rybczynski1 6 ай бұрын
Queen head looks bigger on fake
@SirAlford
@SirAlford 6 ай бұрын
I was thinking the same thing!
@Whaticansayaboutit
@Whaticansayaboutit 6 ай бұрын
I confused as to why you did not ask the seller for a credit. If I sold that fake coin to you I would be embarrassed and thank you for finding it. In the precious metal world, confidence is essential.
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
I didn’t accept a refund (the dealer did offer) on that 1oz because the overall value of the silver lot was still good. I instead asked him to keep me in mind if he has similar lots of silver for sale. I’d rather be near the top of that list than get $25 back…..
@wadestclair249
@wadestclair249 6 ай бұрын
Ping test. Works great.
@johnjacobs1625
@johnjacobs1625 6 ай бұрын
Most Wholesale Sellers Don't have the TimE to Check every SILVER, for fakes! THEY SPOT CHECK!! JJ
@hdcsp3
@hdcsp3 6 ай бұрын
Brown bear Brown bear....what do you see I see a fake silver round sitting in my pile
@user-lr3qg1lf1u
@user-lr3qg1lf1u 6 ай бұрын
I think it's a Grizzly bear. It's what we have here.😅
@brianfreland9065
@brianfreland9065 6 ай бұрын
i got a fake bar from a well known local shop near me thats been doing business for over 20 years. i assume he didnt check it when he bought it but i didnt say anything about it, i just traded it back in for a coin to avoid him calling me a liar or say i was screwing him over. i havent purchased anything from him since then. waiting to get a tester first after that lesson. it was only 22 bucks and i still got a buffallo coin out of it so no real loss. be careful out there
@mrmainevent1872
@mrmainevent1872 6 ай бұрын
Fingertip ping a silver coin with another silver coin. It works better than with an ink pen in my opinion.
@stevee8318
@stevee8318 6 ай бұрын
I am curious as to whether your fake is the same thickness as a real one and whether it attracts a magnet. Even really good sovereign silver fakes I have seen don't get all three of diameter, thickness, and weight correct. Typically the good fakes are plated copper - if they are the correct size they will weigh too light, if they are the correct weight they will be too thick. The counterfeiters typically get the diameter correct because that's the most obvious thing at a glance, except sometimes with ASEs.
@walterbriggs7471
@walterbriggs7471 5 ай бұрын
That's why I have each item on a tester.
@GatorGoldChannel
@GatorGoldChannel 6 ай бұрын
I saw the fake immediately, the radial lines are a clear giveaway
@jodymessmer1264
@jodymessmer1264 6 ай бұрын
Good info, Josh!
@lobbyrobby
@lobbyrobby 6 ай бұрын
I guessed it was that one. I'll stop by tomorrow to pick up the prize I won. Thank you
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
😂
@bobegan2121
@bobegan2121 6 ай бұрын
Thanks Josh. Hope the spot price acts just like last week for that flash sale.
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
Well, that makes one of us…. Lol
@tmow297
@tmow297 6 ай бұрын
My local coin shop had fake Britannia in it's pile of one ounce bars/rounds. Spotted it right away. He was clearly embarrassed as to how he missed it. All I can say is if you stack, and have a variety, and handle it with regularity over the years, one can get skilled in the visuals quickly. Josh's demonstration of the ping test further concludes what was seen with the naked eye.
@Joshkayla8487
@Joshkayla8487 6 ай бұрын
I picked it out right away when I saw it in this video noticed the radial lines. They seemed odd.
@406Stacker
@406Stacker 6 ай бұрын
I got some fake ASE a few months back. Something felt off, they weighted correct, looked correct, but Something felt off to me. My LCS verified they were fake. Fortunately, the guy gave me my $ back. Im very careful now buying silver.
@Malice_Lonewolf
@Malice_Lonewolf 6 ай бұрын
wish my local shop had a bucket like that. I really want to get some varied bullion keeps things interesting. Shops here also never seem to have maples those radial lines make it my favorite along with the Britannia ones. Good anti counterfit protection too. Curious did you check the small leaf to see if it had smaller one inside with the year on it?
@14Unow
@14Unow 6 ай бұрын
Did the coin pass a magnetic test?
@G.G.T.
@G.G.T. 6 ай бұрын
on the video the fake actually sounded better lol....
@Imakebootysclap
@Imakebootysclap 6 ай бұрын
dealer probably got cheated too and didnt even know they passed it on.
@tmow297
@tmow297 6 ай бұрын
The queen's portrait was a dead giveaway....it lacked definition. Yes...the bold lettering and thick radial lines screamed fake
@jimpanse1638
@jimpanse1638 6 ай бұрын
I saw that immediately as well that looks so wrong 😂
@b_doc6142
@b_doc6142 6 ай бұрын
Website and eBay page would be great!
@user-lr3qg1lf1u
@user-lr3qg1lf1u 6 ай бұрын
I own some. Mine have the lines. Also some from canadian mint.
@coretmanus4688
@coretmanus4688 6 ай бұрын
29sec. Into the vide I can see the maple in the center of screen doesn’t look right.
@smitty1975au
@smitty1975au 3 ай бұрын
ebay has some fake maple leaf coins - showing face value of 50 dollars instead of 5
@purplehaze1952
@purplehaze1952 Ай бұрын
I was told that there are 11 radial lines between the two I I's after ELIZABETH. I have gotten a fake like the one in your video. There are only 5 lines on mine.
@MysTicBiGz
@MysTicBiGz 6 ай бұрын
I wouldn't do business with that dealer ever
@Malice_Lonewolf
@Malice_Lonewolf 6 ай бұрын
Fakes can happen especially in a big lot like that. I don't know a single shop that tests every coin they have before they sell it.
@silvershirebjj
@silvershirebjj 6 ай бұрын
Thanks for sharing.
@b.j.stambaugh9213
@b.j.stambaugh9213 6 ай бұрын
My first (5) 2021 ASE's on eBay...I turned them over to the Sheriff's office ... eBay did nothing about it...haven't since...smiles
@silverfoxfinance
@silverfoxfinance 6 ай бұрын
When you say compensation, did you get your money back?
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
No, I instead requested to be given the opportunity to purchase similar lots from that dealer in the future. That’s is worth more to me than the $25 I’d get back…..
@thomashester739
@thomashester739 6 ай бұрын
The queens face is off. The nose is different
@joshuakelleher-bw5dg
@joshuakelleher-bw5dg 4 ай бұрын
Real ones face looks slimmer too.
@benreierson2607
@benreierson2607 5 ай бұрын
What percentage of your inventory do you test? 2/3 of my stack has been purchased from you.
@TheLeadShed
@TheLeadShed 6 ай бұрын
What about shipping to Canada
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
I only ship to the US. :(
@wornslick
@wornslick 5 ай бұрын
How much are they Josh?
@Pat_Smith778
@Pat_Smith778 6 ай бұрын
Did it pass magnet test?
@janecormie5410
@janecormie5410 6 ай бұрын
I totally could see. Did you get reimbursed?.. just curious
@RedneckCoinz
@RedneckCoinz 6 ай бұрын
So josh how many of those cook island and pandas you have and a price or some where we talk else where??
@JUST1N888
@JUST1N888 6 ай бұрын
How many kookaburras did you get and how much do you want for them and do you ship 😊
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
Kooks from video are all sold. I do ship. I have 2013, 2023, 2024 kooks still in stock
@steveedington5231
@steveedington5231 6 ай бұрын
that maple leaf from a distance looks close someone not knowing would be fooled thank you
@wornslick
@wornslick 6 ай бұрын
Great video Josh! I noticed you have some Kookaburras. I collect them so can I send you a list of needed dates tomorrow? Thanks!
@FathomFrequency
@FathomFrequency 6 ай бұрын
Love Kookaburras myself! 2022 was a great design
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
Kooks from this video are all sold. I do, however, have 2013, 2023, 2024 in stock
@wornslick
@wornslick 5 ай бұрын
@@minotcoinbullion Hi Josh, how much are they? I think I have the 2013 but not home to check. I also would like a 2oz Bakken poured round. Thanks for all the great videos!
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
@@wornslick the 2013 kooks are on sale $30. ‘23 and ‘24 kooks are $33. The 2oz Bakken bar is $58. The only Bakken rounds in stock are 5oz.
@jdo2574
@jdo2574 6 ай бұрын
Radial lines do show up clear in the video. Dead giveaway
@808bAler
@808bAler 6 ай бұрын
Today, which happens to be a couple hours after video launch on Monday, is the 19th. Am I watching this from another dimension where February 19th is actually on Thursday? In my universe, Thursday will be Feb 22nd. Greetings, Strange People, your fake maple Queen has a HUGE head!
@minotcoinbullion
@minotcoinbullion 5 ай бұрын
Good catch. Made a typo. Flash sale is February 22, 2024! :)
@davidfaria6194
@davidfaria6194 6 ай бұрын
It's obvious to me, it looks so different.
@henryneithofer1294
@henryneithofer1294 6 ай бұрын
Mist last week's flash sale,😢
@FelixTheCat69
@FelixTheCat69 5 ай бұрын
I would say the real one looked alive and the fake was lifeless. The giveaway was when you flipped over the fake it bumped the other and sounded terrible. You did a mini ping test.
@SIXPACK110
@SIXPACK110 6 ай бұрын
Thanks for the info, Mine is legit
@SubtleReed
@SubtleReed 6 ай бұрын
Very very obvious
@arte9855
@arte9855 6 ай бұрын
Looks like you kept it at the price per ounce to use as an educational tool. The wholesale dealer should have refunded you the cost.
@gregorygreene1940
@gregorygreene1940 6 ай бұрын
Chinese bullion fakes, numismatic fakes, you've even got slabs being faked which people typically trust. I stay away from physical coins. Not worth the hassle anymore. I'd rather invest in a precious metal ETF.
@GeorgeRodrigues-xb6bo
@GeorgeRodrigues-xb6bo 6 ай бұрын
I need those old kookaburra's !!
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