Coin fraud is really a reality. However take these simple steps and you will learn how to identify and prevent buying fake American Silver Eagle coins.
The best and greatest means of avoiding being a victim of coin fraud is by accumulating knowledge of such a genuine coin seems like then applying some good sense. If your coin just doesn't "look right" don't purchase it.
Look into the Weight from the Silver Eagle
Many fraudulent coins do not weigh exactly like a genuine coin. Genuine silver eagles weigh 31.101 grams. In the event the coin weighs about than this amount do not buy it because coin weight is something that most forgers consistently get wrong.
Will the American Silver Eagle Possess a Reeded Edge?
All silver eagles have reeded edges. If you ever see one without reeding its likely a replica Chinese silver coin. And if it is reeded however, there is a seam across the fringe of the coin avoid purchasing it.
What is the Date from the Coin?
Look into the date. Amazingly enough, any Chinese Silver Eagle forgeries are dated 1906. The United States mint started producing these coins four decades later. The wrong date does not mean it's a rare error. It means it's really a forgery.
How can the Coin Look?
Silver coins have beautiful luster and sharp relief. If the coin under consideration is dull and grey it isn't an authentic silver coin. Some top quality forgeries are silver plated. However, if you take a look at these within magnifier you'll either see tiny locations where missed being plated (check involving the reeding and in the crevices of the coin) and it will possess a soapy look.
So how exactly does the Coin Sound?
Finally, should you carefully tap a silver coin with another coin you may hear an exceptional bell-like ring. In the event you hold the coin involving the tips of your fingers, tap it, plus it makes a tinny sound that sounds like "dink" it's certainly not silver.
A good way to safely purchase Silver Eagle coins is by buying them on eBay. You can find some very nice deals and protect yourself by first examining the seller's rating - the greater positive feedback the greater.
Also, when purchasing at eBay, always carefully read the description of the you need to buy before bidding onto it. And, if you have questions, be sure to send an e-mail towards the seller and get the questions you have and concerns answered before you buy.