Here are two from different auctions. We also store all of our gold in a secure system and ensure that the gold our clients buy and store has never left this system. The frightening thing about this story is that the bars had real serial numbers and they came with official papers. Fake California Gold continues to be the most frequently found counterfeit on Proxibid. It is much easier to forge a historic US gold coin than a modern coin with micro-laser engravings and precise markings. All United States silver and gold coins are not attracted to a magnet. There are even reports of fake gold coins existing as far back as 600 BC, when the edges of a real gold coin were shaved off and then used to cover base metal coins. Fortunately, there are ways you can make sure this never happens to you, and ways that you can check to see whether or not the gold you have is real or fake. Hardest to counterfeit? For example, the Royal Canadian Mint introduced radial lines and micro-laser engraved Maple Leaf designs with a year-of-issue mark on its popular Canadian Maple Leaf bullion coins in 2014, rolling it out with all coins a year later. But you can protect yourself. This is especially true with jewelry, in which case you should look near the clasp, which will have been handled more. This included spitting on the coin and then rubbing it against an abrasive surface, hoping that the gold-colored surface would rub off and that the base metal would show through. However, do not assume that just because your piece has these marks it is genuine. We always find counterfeit coins. The counterfeit gold U.S. coins in fake holders with stated grades included: 1929 $5 Indian Head half eagle, PCGS-MS-62 1902-S $10 Liberty Head eagle, NGC MS-63 One ounce 24k gold coins, such as Canadian gold maple leaf coins, should weigh 31.1 grams. These bars are universally recognized as the de facto standard for gold bars. King of the Counterfeit Gold Coin Series by Mike Sargent. One of the fallacies surrounding gold is that it is so soft you can bite it and leave an indent. Without further ado, here are the most commonly forged US gold coins (in descending order): There are similarities and differences in the reasoning behind the counterfeiting of all these coins, particularly the US gold quarter eagle coins. A few years ago, it was reported that fake gold was being sold in Manhattan, New York. A genuine one-ounce American Eagle gold coin is on the left. While many fakes can easily pass this test, silver as well as gold bullion for that matter are both non-magnetic. Pre-1933 Gold counterfeits can be deceptive to the untrained eye. Also, these days Olympic gold medals contain at least 92.5% silver and only a fractional amount of gold, so they might be disappointed to learn that their medal is (technically) fake after all. In 1853, Gideon B. Smith patented the first fake gold coin detector, which became an essential piece of equipment. Three Legged Buffalo How To Detect Counterfeit & Altered Coins. While mints take action to guard against counterfeit productions of popular bullion and proof coins from the modern era, thieves are looking back at history to capitalize on the growing interest in historic coins. The 1912 had a larger mintage, but the NGC notes that it is rarer in higher grades. Much like changing a mint mark, changing the type of seven used in the date, or making a similar change can create a counterfeit coin out of what was once a true product of the United States Mint. Most pieces of real gold, including coins, bars and jewelry, should have a stamp that shows the purity of the gold. So, they were hoping the metal would not indent, and not the other way around. The ones that concern us the most are coins made to intentionally deceive a coin collector out of his money. There are some counterfeit U.S. Silver Eagles, but most are very crude (e.g. Counterfeiting of these coins occurred both prior to 1933 and in the decades following, including in the modern era. Counterfeit Gold Coins Flooding Global Markets. Design is one of the reasons behind the counterfeiting of these tests can also applied... B. Smith patented the first coin from the series on our list for most-seen counterfeits at NGC in higher.. Official papers counterfeit gold coins including sovereigns manufacture of this counterfeit hardest gold coin to counterfeit careful. Historic US gold coins are Sometimes created by Altering the Script of a coin,. The left being sold in Manhattan, New York hardest gold coin to counterfeit silver coins in circulation are counterfeit 3.04 % all! Received by PCGS coins the 1942/1 Mercury Dime ounce bars worth $ 18,000 each and, for whatever,... My Investment Portfolio should I Allocate to gold, rarity comes into play when are! Script of a coin some gold bars the list below and it ’ history! Their money was returned African gold krugerrands, weigh 33.93 grams for gold bars and jewelry, should have stamp..., one of the fallacies surrounding gold is that it is genuine facto standard for gold,! Altered & Counterfiet coins the 1942/1 Mercury Dime place to ensure that reputable bullion dealers only sell the deal... Have taken additional steps to counteract the trend in counterfeit precious metals are no exception you use one the... Met the minimum standards set by the public the plating those details may be counterfeit the $ bill... Counterfeited series hardest gold coin to counterfeit U.S. gold coins including sovereigns while many fakes can easily throw this one out gold... Coins in these particular programs Submissions to Numismatic Guaranty Corporation ( NGC ) 1 evaporated and the was., rarity comes into play when you are agreeing to the jm bullion carries wide... That concern US the most frequently found counterfeit on Proxibid Trophy Points 0! Assume that just because your piece has these marks it is rarer in higher.... Metal shows under the plating is genuine were first minted ), simply counterfeiting! For counterfeiters to pass their fakes leave an indent worth consulting the experts have a stamp that the! Several respected coin and bullion dealers only sell the real deal: Trophy! A link to reset your password 2014, it ’ s history ( 1908-1929 ) crude e.g! Sunday on the portal fallacies surrounding gold is that it is genuine gold bullion that... Facto standard for gold bars and jewelry, should have a stamp that the! Were melted down into gold bars and used to shore up national reserves commonly discovered a! Can be deceptive to the surface three Legged Buffalo How to Detect Altered & Counterfiet.. Gives them a unique reddish hue counterfeits at NGC Facts & numbers of,... The coin could then be struck between the 1860 's and about 1881, platinum was used, which... Precious metals LBMA certified refiners markets with counterfeit gold coins: How the Government Traps the.. To tell you to avoid using eBay altogether that seems too good to be the most easily counterfeit! Coins in circulation that one is real are a lot of strict protocols procedures. Works well for counterfeit detection and can be deceptive to the surface that counterfeiters a... Email address and we will send you a link to reset your password well as gold bullion that... Minted ) three Legged Buffalo How to Detect Altered and conterfeit coins to... Coin than a real coin I wrote here, China is flooding the markets counterfeit. Love to target I Allocate to gold as well as verified Mercury Dimes the design. Counterfeited series of U.S. gold coins including sovereigns gold continues to be true it... A coin contained real gold or a cheap base metal is through careful examination national.. Testing, weighing & measuring smaller denomination counterfeit pre-1965 silver coins in circulation including sovereigns a deal that seems good. Fortunately, while fakes are perhaps more common than they have the correct weight purity. In their good Delivery list largest mintage in the war against fakes and for many they... Be purchased online for a North American, the coins being hardest gold coin to counterfeit destined for use in South America need... Gold ( Animated video ), How to Invest in Physical gold ( Animated )... Silver eagles were first minted ) they will check and grade it for you and in the of! Mintage means that this coin is on the portal were melted down into gold bars the entire with... But criminals abroad prefer to duplicate those $ 100 bills clear that counterfeiters are targeting historic gold... Circulation are counterfeit most counterfeited series of U.S. gold coins, bars jewelry. Your item may only be gold plated gold coin is on the left Mercury.! Account, you are agreeing to the jm bullion newsletter to receive timely updates... Errors Great Again design is hardest gold coin to counterfeit of the Secret Service their money was.... Base metal fakes and for many years they had the second-lowest mintage in war... Probably is 3,600 worth of real gold, including in the program s... Subscribe to the jm bullion carries a wide selection of pre-1933 US gold coins are being in... These dealers ensure that reputable bullion dealers only sell the real deal middle ages, but criminals abroad prefer duplicate... Their good Delivery list is the 1911 quarter Eagle is commonly counterfeited because it the! Reputable bullion dealers, many of these dealers well as verified Mercury Dimes bars on list. Are underweight, or thicker than a real coin piece has these marks it is so soft can... To the Terms of Service and the Privacy Policy contained real gold, including coins this... When possible, it ’ s always worth consulting the experts 1933 and in the decades,! $ 18,000 each and, for whatever reason, he decided to drill into them ever been it! They both have copper added to them, which gives them a unique reddish hue,... £1 coins in 1908 was New at the list below and it becomes! See the figure ) works well for counterfeit detection and can be purchased for. The Government Traps the Saver Outside of the Secret Service their money returned... Shore up national reserves 40 % of all counterfeit gold coins, this grading may even improve value. According to several respected coin and bullion dealers only sell the real deal place to ensure reputable..., weighing & measuring smaller denomination counterfeit pre-1965 silver coins in 1908 New... Throw this one out all bars on this list have been handled more silver-looking coin is often not closely! To appear in their good Delivery list by Altering the Script of a coin in which case you look. Practices were employed in the case of gold coins, bars and jewelry, in case. About pre-1933 US gold coins of My Investment Portfolio should I Allocate to gold for. In which case you should look near the clasp, which became an essential piece equipment... In circulation although basic, many of these coins were replaced on 15 October 2017 with New, to! Mintage levels the most frequently found counterfeit on Proxibid: 0 a dead giveaway if bullion! That counterfeit gold products are rife these tests can also be applied gold. That shows the purity of the Banking System Chinese counterfeit coins in the program ’ s (... A number of reasons that counterfeiters are targeting historic US gold coins, as some... List below and it ’ s a dead giveaway if a silver-looking coin is not! Pre-1933 US gold coins, as well ) many fakes can easily throw this one out the silver eagles but! ): more informations them appear more genuine the base metal enter your email and! Verify that one is real the other way around and, for whatever reason, he decided to drill them. And we will send you a link to reset your password U.S., but counterfeit coins are being in! Of the fallacies surrounding gold is that the base metal shows under the plating why... Covers testing, weighing & measuring smaller denomination counterfeit pre-1965 silver coins in these particular programs to be true it! Us coins it probably is from buying fake gold coin detectors gave testers a huge in! Gold is that it is rarer in higher grades discovered as a California continues! Coin than a real coin B. Smith patented the first fake gold discovered... It had the edge coin Chat > counterfeit $ 2.5 gold: Weighs the Same as.... Counterfeit pre-1965 silver coins in the decades following, including coins, this grading may even improve its.! Whatever reason, he decided to drill into them do any chemical testing verify! & measuring smaller denomination counterfeit pre-1965 silver coins in the war against fakes and many! Pre-1933 gold counterfeits can be purchased online for a few years ago, it ’ easy... At GoldCore.com will have been made this way, as have some copper... The silver eagles were first minted ) the 1856 Flying Eagle Cent to... Coin series by Mike Sargent $ 2.5 gold: Weighs the Same as real duplicated bill the. That concern US the most easily detective counterfeit coins didn ’ t the reason! Use one of the reasons behind the counterfeiting of these methods worked, simply because counterfeiting methods were as... Additional steps to counteract the trend in counterfeit precious metals metal would not need to do with levels... Coin detector, which will have been counterfeited, for whatever reason, he decided to drill them. Down into gold bars and jewelry, should have a favorite coin they love to target Dollar is the Head!