Spot The Fake Silver Coin!

[@joshn2342323]

I remember a while back there was a legitimate fear that fakes would eventually wreck havoc on the coin market because the average person wouldn't be able to tell real from fake as the fakes would get better over time. Those scanner machines were also much more expensive than they are today. Now every coin shop has those scanner machines and that seems to have done a good job of snuffing out the fakes from the market. It seems the fakes only get passed on by shady people. Always buy from reputable people to protect yourself.

[@BullionNow]

Couldn't agree more :)

[@mantaszmenskis5619]

everyone except the las vegas pawn shop show guy, who drills holes into 1000 ounce bars, just to check if there's no air bubble or lead in the middle

[@jonnaughton]

Just a note on the having to hand in counterfeit coins, this presumably ALSO applies to those fake 1937/1938 crowns and 1930 pennies (as well as any other pre decimal coins)? If only the holey dollar and the dump have ever been demonetised in Australia, then presumably keeping fake pre-decimal currency would also be illegal.

[@MCP1776]

I wanted to see the weight of the bar and the analysis of the kook , I've always started with a magnet and then a scale, then acid test

[@TheOldaz1]

I have a piece of silver smelted from scraps and mining many years ago, may I bring it to Melbourne sometime to get it tested? Curious to know just what it is and maybe get a value.

[@BullionNow]

You can bring that through for sure! With things that are mixed like that, it can be hard to know exactly what the percentages would be mixed throughout the entire piece, but could at least show you what metals are in there and aim for a rough value! Only other thing we typically say is you may have to be patient for other customers purchasing items, but absolutely bring it through :)

[@katac7444]

Wow! You guys are just amazing and your integrity is so intact!!!!

[@BullionNow]

Thank you so much!

[@normal_norm2627]

Real classy to buy the fakes off the other party at price they paid. 👍👍👍

[@mrmc2465]

how much does an xrf machine cost?

[@BullionNow]

Ours was $27k AUD

[@standingonmountain3975]

That's why I buy only from reputable dealers. No some random ebay sellers.

[@Sportingalagrieska]

I hope I could have an apparatus like that in my area, but I don't think so. When buying silver coins on eBay, the possibility of them being a forgery always does my head in...

[@BullionNow]

Best to buy from a coin or bullion dealer to save the stress!

[@Sportingalagrieska]

@@BullionNow Indeed. That's what I usually do but some pieces show up once in a blue moon and you know... One takes the chance 😁

[@Sportingalagrieska]

@@BullionNow btw, you were so kind paying the other party the price they had paid off. It was a lesson learnt in life without loosing a penny 😆

[@kayneF1251]

Hello gang, I got my 2 2021 wedge tail eagles the other day, I will call Thursday morning with my order. Thank you for being you ! I liked the way they were packaged. Love them and can’t stop looking at them ! I’m addicted, and it’s a healthy addiction thank god !

[@BullionNow]

You are more than welcome!!

[@greenerell484]

7:18 and FTIR is also just as good

[@husseinshahrour3125]

Would these fake coins be attracted to a magnet?? since cobalt and nickel are both magnetic.

[@BullionNow]

These ones would be. Other's we've had wouldn't

[@monotremata9892]

Specific gravity test for 999 silver coins or bars is very accurate.

[@penguingaming6431]

I got a question is the scottsdale mint a private mint or sovereign mint?

[@BullionNow]

99.99% certain its private.

[@gatewoodproductions511]

What a great Legend you bokes are.

[@InvestingforKids]

Wow there was a little bit of AU in the Scottsdale! Probably a trace element

[@manahapu]

Does that mean, because of the nickel and cobalt, a magnetic test would suffice?

[@greenerell484]

no

[@user-jq8wr8ru2s]

Cool video & thank you

[@melbournecrypto]

says it's illegal to resell those coins once you know it's fake, then 1 minute later admits to buying it off the owner lol good vid though thanks guys

[@thomaswoodall3215]

I recently bought a silver coin but it doesnt have the lines down the side I'm new at this and trying to learn all I can

[@travv88]

Did you buy off ebay? If so you can get a refund and get the account reported.

[@thomaswoodall3215]

@@travv88 it was actually Amazon

[@travv88]

@@thomaswoodall3215 Complain. Get your money back. Get the seller punished. I'm sure they will help.

[@travv88]

@@thomaswoodall3215 Just be sure to gather proof first. Have you weighed the coin? If it doesn't weigh the amount specified, that is proof. You can also use a website called FakeBullion that has comparisons between real coins and common fakes, I used that to figure out a coin I got off ebay was fake. Got a refund easily by showing evidence from that website, and also showing a photo of the coin on a scale showing it was under the weight described, and also comparing photos I took of both sides of the coin to photos of the actual coin from reputable websites (with links to those websites edited on top of the images).

[@penguingaming6431]

Co stands for cobalt

[@jeremys5904]

Good videos guys. Thanks

[@sticustom]

Michael, I said to you about the fake one ounce I gold ingots when I was in there and then these show up. Prob from the same seller.

[@BullionNow]

Could be although we see them come from all different sources. Although I'll guarantee they all originate from the same one or two factories originally. It keeps coming back to dealing with people you know and only dealing with people with access to an xrf or something similar. If you save a dollar here and there ignoring the risks eventually it will bite hard.

[@sticustom]

Bullion Now and that’s why I made my first silver purchase from you. You put it on the xrf to show me. Thanks Michael 👍🏻

[@BullionNow]

@@sticustom You're very welcome. Always better to know that it's real rather than wonder for years after you buy it what it's really made of.

[@terrylane3740]

Thanks guys for the great information. I have to say, those fakes are really quite good which is very troubling? Just a thought.....Can you imagine just how good the fakes we become when Silver eventually starts really climbing in price!

[@BullionNow]

And this is the real concern. I have to say - the fakes even from a few years ago were pretty obvious. They are getting harder and harder to spot as the technology becomes cheaper and the coins become worth more. Notice they didn't copy a cheap kangaroo. It was the more collectable, expensive coins. Even the kook wasn't just a kook but a more collectable goat privy.

[@terrylane3740]

@@BullionNow Yes, good point. It's certainly becoming way too complex for the humble coin dealer to spot the difference.

[@travv88]

At first glance the kookaburra looks fake.

[@silverlover5817]

Thanks for the video.....

[@BullionNow]

You're welcome.

[@silverwiskers7371]

I can spot a fake in less than 5 seconds, thickness and feel in hand is a dead giveaway, the more silver you see the better you get with spotting fakes

[@BullionNow]

Trouble is, some of the fakes are getting really good and then put them in a capsule and it's almost impossible to tell them apart except with an xrf. And you don't want to start opening capsules with some of the collector coins like Kookaburras.

[@silverwiskers7371]

@@BullionNow that's the bad thing about capsules, I stay away from things I cant test, I think if someone does buy silver in them then it's wise to buy only from a reputable dealer

[@robertoh.20]

what a good man, to get them off the original owner, and wow........had no idea having any fake coins ( i don't have any) would get you in trouble with the federal police.

[@BullionNow]

Yep - and they don't have much of a sense of humour about it either. And fair enough too - someone is forging our national currency. It's bad enough the banks and government do it legally without private citizens setting up and doing it in competition with them.

[@kylepippen]

I feel like the people who make the fakes will watch these and learn how to make the fakes almost perfect 😅

[@chrisgregory4796]

Noticed the real 999 silver measured up as 9999. Does that mean the mint used to understate at 999?

[@johndeckard6592]

999 and 9999 are the same thing mathematics wise, the difference is pretty miniscule

[@BullionNow]

Depends what they can get a hold of. Most (probably all) of the modern Perth Mint stuff tests as 9999. A lot of the other major mints are the same.

[@HifiCentret]

My guess is that in hand these two coins would be easy to spot with just simple tools. Because of their composition they'd most likely fail the magnetic slide test too. Most fakes for some reason use brass/bronze. It's easy to detect with only just a little bit of rutine. Had they been silver plated pure copper they'd be much harder. Then they'd pass the simple magnet slide test without an issue and even with a real one beside it would be very difficult to see any difference and if they had right diameter and weight too (thickness had to be a hair thicker then) I'd guess they could fool many. But guess pure copper is too espensive for people having those tendencies... One test they'd fail though if the ping test. That's the beauty of coins - they have a very well defined frequency. If you have a known real one beside you might be able to hear it and diffinitely brass and bronze you can instantly hear they'll have a wrong sound to them. But if silverplated pure copper then you'd mot likely not be able to notice it's wrong unless having something to compare with - here's various "coin ping test" apps to the rescue. Most apps have the most common coins but some also let you define a weight, diameter and (for gold at least) purity and then use that information to suggest whether or not the coins ping as expected. Simple but effective if you know your stuff.

[@BullionNow]

Thanks for the info!

[@richardc488]

Thanks mate!

[@BullionNow]

No worries

[@lauriewilliams8221]

1,370 subscribers Joe, but who is counting?

[@BullionNow]

We do :). Just a little!!

[@DrBill-zv5dx]

My local dealer doesn’t have a machine because he won’t be able to rip people off anymore . I saw a couple bring in 3 large boxes of pure 9999 silver and gold from the Canadian mint . He said I’ll give you what’s marked on the coins. They walked away with a $600 cheque, while the dealer stole over $25,000 from them . I told him Karma’s a bitch. I walked out and I never returned. These machines should be mandatory.

[@BullionNow]

That is so awful, what an absolute mongrel to do that to innocent customers. Karma is most certainly a bitch, so he'll get his one day.

[@travv88]

WOAH! that is so messed up.

[@standingonmountain3975]

And they agreed? Funny people 😂

[@metalmike4416]

Unlikely story.

[@kluchakiller]

For me bar look genuine but coins straight away fake

[@BullionNow]

Have to admit - these were easier to spot but if seen in isolation without a similar coin to compare I'll bet most people wouldn't notice. Particularly the Kook in the capsule. Weight was almost spot on even out of the capsule.

[@patrickmcfly3264]

Wait didn't you just cause the fake coin owner to break a federal law by selling it to you? LOL..just kid, I know you guys just using it for this awesome vid!

[@BullionNow]

😂

[@vizzezand]

damn i bought a silver coin on ebay i hope its real

[@BullionNow]

Most likely will be real, but have to be careful.

[@solf08]

Want to buy from you but way to expensive

[@predator-dt3sh]

That sit is in Poland also. Fkin alisitexpress

[@BullionNow]

Not sure there is a country without it now. Where ever people want a "deal that's too good to be true" then these things will flourish