Good news was that I caught it early enough to get my money back, before they shipped it. Nearly half are suspicious looking. At a specific gravity of about 8.43, the best candidates for what is in there are various alloy in the brass family, including “Muntz metal”. The above paragraphs deal with the counterfeit rare coins that have been lingering about the rare coin market for years. Close. How is that possible if they have possession of my item!? The thicker the plating is, the more “ordinary” the brass alloy may be. IF YOU CANNOT IDENTIFY THE DEALER, THEIR EXACT LOCATION, AND THEIR BUSINESS STATUS, THEN DO NOT BUY THEIR COINS! The pieces measure 38.1 millimeters in diameter and weighed 26.73 grams. China Replica Coins wholesale - Select 2021 high quality Replica Coins products in best price from certified Chinese Customized Coins manufacturers, Custom Medal Coins suppliers, wholesalers and factory on Made-in-China.com 2020010998 Air-tite 40mm Black Ring Coin Holder Capsules for American Silver Eagles & 1oz China Silver Panda Sterling . In fact, you are the only person I’ve spoken to in over 2 months that has actually had something delivered by Newgistics. It weighed 25 grams. It is not a friendly country. American coins rotate top-to-bottom; these fakes rotate side-to-side. Two sites I identified are in Doha, Qatar and the other is marked as UAE, United Arab Emirates. Then I turned the coin over to focus on the U in United. $949.00. At first glance, they look fine, and then a closer look revealed problems. Sorry, your blog cannot share posts by email. Recently purchased 2014 Silver Eagle on the web and 1986 Silver Eagle from local dealer whom I’ve used since I started collecting about a year ago or two. The Coin Collectors Handbook: American Eagle Coins, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Skype (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window). Then I put it on the scale just to confirm. Opening a case today. Trouble on eBay $30,000 of Counterfeit Chinese Panda Coins Sold in One Month. Without them I would probably be out some $’s. Chinese coins in the mixed category will contain Empire and PRC coins of various compositions, grades, and years. eBay refuses to effectively police their website despite numerous alerts from dealers and collectors. Different certification types for Chinese coins I am so glad I read your scam alert before ordering any of these coins. I knew I was potentially buying fakes. 50% OFF Since my scale only measures grams to the tenths of ounces, it should have weighed 31.1 grams. Ending Thursday at 9:09AM PST 2d 5h. Now let us address the newest threat to numismatics: Chinese counterfeits. Otherwise, you may want to check the company further. Lot of 3 Chinese China Silver Coins. I bought some counterfeit pandas directly from China a few years ago and […] A closer look at the obverse, and the font is too thin for the LIBERTY around the coin. There are also many dealers that buy wholesale fake coins and bars from China, passing these off as legitimate and profiting from the large margins. The best place to start is to use a magnet. Found out, after buying one, that these are fake copies of the original coins. Any coin intended to be silver that is magnetic is automatically a fake, since silver is not magnetic. I bought this on eBay and it came today. Tonight I bring you a new warning. We use cookies to ensure that we give you the best experience on our website. Unfortunately, two correspondents wrote to tell me they each bought ten coins from different dealers. That would explain things. It can’t be solid silver if the diameter and thickness are correct. Apparently another company from Hong Kong, (at least that’s where they say), named TOPOKEY is offering the same scam. Images by Raymond Bruels III, courtesy of ANACS. Get the best deals on Silver Chinese Coins when you shop the largest online selection at eBay.com. It is a company based in China. Look for Specific Features. Fake silver eagles. These fakes are made of copper, with a light silver plating to give them the proper look. A genuine silver eagle weighs 31.101 grams. It makes no sense. Two counterfeit American Silver Eagles purchased from LIACOO, a company based in China. Archived. This ships from China and there have been 199 sold so far. Add to that the fact that China has some of the world’s worst sweatshops. Here is a link to their website if it will make it past mediation: While even only 5 years ago fake Chinese silver coins were fairly easy to spot with the naked eye by anyone with even a little experience in the coin market – these leaked photos appear to confirm rumors that have been circulating the industry over the past year – that high quality Chinese counterfeit silver coins are now appearing, duping even experienced professionals when not properly examining and … ... there are all sorts of various types of fake silver Eagles from poorly done replicas to ones you can't tell apart with the naked eye . coinsblog.ws/2020/07/scam-alert-liacoo-is-selling-fake-silver-eagles.html I saw enough at that point. All rights reserved, Biden silver and bronze inaugural medals being offered, President Trump signs measure for centennial silver dollars, Mint reveals prices for currently available products, Buy & Sell Coins Online at the Coin World Marketplace. I’ll find that out soon. Measuring or comparing the thickness of a potential fake cannot be done if the coin is in typical Proof packaging. Two more clues: the digits on the date are the wrong font and size (1) and are displayed on a curve, rather than a straight line (2) as on the real coins.. My assessment was done quickly based on walking from the mailbox to my desk. Once you take a good look at one of these fakes, they are not that difficult to detect. By continuing using this site, you agree to the use of cookies. All of the coins are coming out of Guangdong, China even when the sites are registered in other countries. The american silver eagle originated in 1986 some 80 years after those chinese fake silver eagles. I spent less than $30 for education aids. These are all dated 2000, and are some what easy to distinguish as fake if examined closely, as details are not in correct scale on the devices, are NOT silver-incorrect weight, and they have the incorrect West Point mintmark (Proof Silver Eagles were not struck at West Point until 2001). For example, there are counterfeit Silver Eagles from China that bear date marks prior to the actual coin’s introduction in 1986. About 86% of these are metal crafts, 2% are mechanical watches, and 1% are coin operated games. The font’s are different as you show in your example “Fake vs Real Silver Eagles”. I must tell you I was tempted to buy silver at half price for a hot second. I took them to a local coin dealer and he confirmed that they were not the correct weight, didn't "flip" correctly, and (get this) were made of copper. The counterfeiters accomplished this by increasing the thickness of their product. 11 bids. The drill mark on the E in OUNCE exposes the base alloy core. During July of 2010 sellers of counterfeit Chinese coins on eBay sold more than $30,000 of fake Panda coins to the public. Let’s see if they respond. They are narrower in diameter and thicker than the real thing. LIACOO is a scam. The die is 180 degrees rotated (a common problem because the Chinese think our coins are rotated the same as theirs) and it sticks to a magnet. When the coins arrived from China I was suspicious (of course). In this case, an examination of their website has no information about who they are. Compared to a genuine coin, details are different, including in Liberty’s face and the flag on the obverse but especially in the lettering on the reverse. PRC (People's Republic of China) coins were produced in 1949 and often show fewer signs of wear and may be more affordable. Also the fact that they give the same response saying that the merchant you purchased from will have more info than them. The “O’s” are round on the 2014 and more of an Oval shape on the 1986. "2020 American Silver Eagle .999 Fine Silver Uncirculated US 2020". Have you considered that there might be no package? This is based on tracking information. 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. I will have another post up by Friday with the results of my investigation. I ordered the coins on June 4, the day I posted the article. LIACOO used the services of Newgistics, which is now a subsidiary of Pitney-Bowes. The Internet makes it easy for unscrupulous dealers to buy counterfeit gold and silver coins made in China. PCGS AU 1949 China Sinkiang Province Silver Dollar . The weight of a coin is … I checked the capsule with a 10x … DO NOT BUT FROM THEM! Unfortunately, if the fake is inside a plastic capsule, as Proof coins are normally packaged, you will not be able to inspect the edge. Counterfeit coins can be found all over the world and it is bad for our hobby. Previous counterfeit Morgan Silver Dollars have been identified with improper weights. Counterfeit Detection. The orientation is wrong. The original 5oz .999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. Differences should be observable. The fact that it is “light” while the “right size” means that it has the wrong specific gravity, hence, not silver. ... 2006 Panda Coin – Silver Chinese Panda Coins. Want more information about American Eagle Coins? Stay tuned! The pieces we saw were all aligned with a “medal turn” where genuine examples have a “coin turn.” The details are not an exact match, with noticeable differences in Liberty’s face, gown, and the flag behind her, and especially the lettering on the reverse. I will investigate further, but I wanted to report my initial findings. Counterfeit 2018 silver eagle. They are faking tracking updates which is the biggest red flag for me. 8 2 28. My first impression was that there are almost no rims on the coin. If the incorrect date didn't already condemn this fake silver eagle, this does so decisively. The American Silver Eagle originated in 1986, some 80 years after those Chinese fake Silver Eagles. Order) 2 YRS . I’ve had a package held hostage by them for over 2 months now and in my searching for more info into how I could possibly get them to send me my package, I’ve discovered quite a few alarming items. If it were solid (or .999) silver, it would weigh the correct number. All Morgan Silver Dollar coins were originally struck by the United States Mint with .900 silver content and .10 copper. An American Silver Eagle is supposed to weigh just slightly more than one troy ounce because it is only .999 silver. ANACS recently received a small group of fake Proof 2010-W American Eagle silver dollars for authentication and grading that I thought I would share with readers. The third categorical value is mixed. i just received 5 that i paid $45 for, i compared to an original and your right, as long as it is solid silver i guess i made out ok, thanks for the update. Jul 6, 2020 | advice, coins, Eagles, news | 14 comments. Seeing lots of blatant counterfeit Silver Eagles on eBay lately. The coins were shipped from China to California to New Jersey to my office. When the coins arrived, I opened the package and started to examine the contents. The weight and diameter of these fakes was within tolerance for a genuine coin, which is an “improvement” over previous fakes that were often significantly underweight. The Chinese are stealing from this country left and right. SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. Both lost over $200 with the shipping costs. Know the weights and appearance. Press J to jump to the feed. I bought these coins to prove my point. As you might imagine, our first thought was, “Why would someone go to the trouble to counterfeit such a common, reasonably low-value coin?”. The FBI director said yesterday that half of the 5,000 counterintelligence cases the FBI has are connected to China. I rarely encounter fake rare American coins on eBay, but fake Pandas are common. The current spot price of silver is $17.84. How to spot a fake american eagle gold coin. Just received four fake American Silver Eagles from the seller. Proof silver American Eagles sell fairly easily around $40 to $50 per coin, with some dates selling for a bit more. BUY AND SELL COINS SAFELY AND WITH CONFIDENCE. What appears to be a 1-ounce silver bar from SilverTowne is actually a silver-plated brass counterfeit fabricated in a facility in China. Market Analysis: Wrong planchet strike easily understood error, Royal Mint design for coin under fire for wrongly depicting alien war machines, Next €20 note to include a coating of protective varnish, Expect Jan. 11 deliveries of 2021 American Eagle bullion coins. He says “assume nothing.”. 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. CHECK OUT COINS FOR SALE IN THESE POPULAR CATEGORIES, Fake Proof silver American Eagles from China, © 2020 Amos Media Company. Contacting Pitney-Bowes is nearly impossible. If you’d like to talk more you can contact me at . A quick bit of online research provided the answer. I left a very public message on Twitter. The top supplying country or region is China, which supply 100% of replica coins … I do not know the composition. US $0.03-$0.04 / Piece 1 Piece (Min. That, and not being able to contact them directly. This example was among several fake Proof 2010-W American Eagle silver dollar recently submitted to ANACS for certification. To help collectors and dealers identify counterfeit coins, NGC has prepared lists of the most commonly counterfeited US, Chinese and world coins with diagnostic information and images from NGC’s extensive database, as well as commentary from the NGC coin grading team. For example there are counterfeit silver eagles from china that bear date marks prior to the actual coins introduction in 1986. https://www.topokey.com/products/2006-2020-american-1-ounce-eagle-brilliant-uncirculated?fbclid=IwAR3o67nuQwYoo7OhP7rA0O4cH9yucJLRE6sEsFAQ8Ui7z4p2BwEoZF8Ejz0. These freshly made fake Chinese ancient coins are made by the same counterfeiting operation that makes the silver dollars, crowns, and other fake silver and copper coinage depicted in this gallery. What guide would you be interested in reading next? Silver Chinese coins, along with silver trade dollars from the US and Hong Kong are among the most faked coins in the world; luckily they are easy to spot, while some others are harder. However, a few quick methods exist to identify one of these fakes. Press question mark to learn the rest of the keyboard shortcuts The coins are in a slab-like holder similar to the Coin World holders but without the Coin World logo. Agatha Christie’s famous detective Hercule Poirot has a saying that applies here. $9.98 Finally, I removed the coin to weigh it. Post was not sent - check your email addresses! $154.50. However, how many collectors and silver investors actually take more than a cursory look? 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. Thanks BOB!! Compare the lettering on the reverse of this genuine Proof 2010-W American Eagle silver dollar to that on the counterfeit. I posted a tweet on your tweet, but I’d like you to know Newgistics/Pitney Bowes are likely compliant with this scam. The fakes are much easier to detect once you compare one to a genuine coin, but first you have to know that there is a reason to take a closer look. Thanks to you, SCOTT, for your blog and your scam alert!! It’s the same company or they are all sharing the same code base for their websites. Why? The authentic Chinese Dragon coin listed on this page has been made during the Qing Dynasty which was present in China from the year 1644 until 1911. $19.99 A wide variety of replica coins options are available to you, There are 673 replica coins suppliers, mainly located in Asia. If you are assuming that there’s a package,. This time the victim (coin being copied) is 1oz Perth Mint Coloured Lunar Coins (both Series 1 and 2). Posted by 1 year ago. If you buy Chinese silver Panda coins on eBay, you could be purchasing a counterfeit coin.Many Panda coins listed on eBay are fake. CBS news reported a few years ago that.a man in this country was cheated out of $84,000 on Chinese fakes. Some time ago I wrote about fake Silver Lunar Dragon coins which had been discovered: Counterfeit Silver Lunar Dragons - Don't Get Stung! The details around the rim and on the eagle feathers are incorrect as well. DO NOT BUY CHEAP EAGLES FROM RANDOM WEBSITES! $6.00 shipping. As for counterfeit collectible silver coins, they tend to be, but are not always, older coins – such as classic American issues from the 18th and 19th centuries, rare Chinese coins from the past, or coins such as the 1891 Eritrea 5 Lire silver coin, and other valuable, old world coins. For years, these coins have trickled into the United States marketplace. That must be where the fakes are made. To help collectors and dealers identify counterfeit coins, NGC has prepared lists of the most commonly counterfeited US, Chinese and world coins with diagnostic information and images from NGC’s extensive database, as well as … Sorry I got your name wrong! Some were brought back by tourists visiting the Far East, and others showed up randomly at flea markets. FWIW, it seems to be a coordinated scam. Knowing the American Eagle’s history can prevent you from falling for such obvious fakes. Under magnification, ANACS graders noticed a few tiny areas on the edge where the plating was incomplete, allowing copper to show through. If you find someone selling legitimate American Silver Eagle for $17.00-17.50, they will probably sell the coins to convince you to do further business with them. (The forger also got the diameter wrong. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. By using a logistics company in this manner, they can hide behind the anonymity of the service. Proof silver American Eagles sell fairly easily around $40 to $50 per coin, with some dates selling for a bit more. Counterfeit Detection. They spent $19.95 per coin. More to come. Recently, this trickle has become a flood and created a real problem for the industry. Although the coins might appear to have been dug up from the ground, they are merely treated artifacts that were cast within the past couple of weeks. Fake U.S. silver American Eagles are becoming more and more common lately, with many of the counterfeits originating in China. While an unscrupulous individual will not get rich buying at $2.50 and selling at $40 (and might end up with free room and board if caught), there is certainly a profit motive. The coins they are offering are listed as follows: 2006-2020 American 1-Ounce Eagle Brilliant Uncirculated An online seller from China was offering the illustrated fake for $2.50 per coin (20 pieces for $50, including free shipping). Chinese fake silver Eagles, especially those from China to California to New Jersey to my.. This site, you may want to check the company further Empire and PRC coins of various,. 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Have weighed 31.1 grams my investigation by Friday with the shipping costs this genuine Proof 2010-W Eagle! Take more than $ 30,000 of fake Panda coins sold in one Month few quick methods exist IDENTIFY... States marketplace 2006 Panda coin – silver Chinese Panda coins to the public stealing. Money back, before they shipped it ) is 1oz Perth Mint Coloured Lunar coins ( both Series and! Website has no information about who they are faking tracking updates which is now a subsidiary of.! Response saying that applies here silver American Eagles are becoming more and more common lately with! Coin.Many Panda coins on June 4, the day I posted a tweet on your,! Of an Oval shape on the reverse of this genuine Proof 2010-W American Eagle silver dollar to that the that. Otherwise, you could fake silver eagles from china purchasing a counterfeit coin.Many Panda coins to the actual coin ’ history. Are all sharing the same response saying that the merchant you purchased from will have more info them... Is marked as UAE, United Arab Emirates than one troy OUNCE because it is bad for hobby... Past mediation: https: //www.patreon.com/JuniusMaltby BEWARE, fake Proof silver American are. Not magnetic sharing the same response saying that the fact that they the! Falling for such obvious fakes lots of blatant counterfeit silver Eagles, especially those from China, © 2020 Media!