They're also older slabs. While most counterfeit coins are easy to spot -- due to improper weight, color, even design details -- the truth is there are many good copies that have fooled some of the most seasoned coin collectors! All of the counterfeit coins/holders seen so far are coming out of China. In recent days, counterfeit coins in counterfeit PCGS slabs have begun to appear on eBay, the online auction site. It's the person that buys it from them who is hoping to sell it for a big profit. So, before you start applying corrosive chemicals and tests to your potential silver (we’ll discuss these shortly) be sure to follow these steps: Fake slabs are easier than a really good fake coin to spot. Remember the makers of them don't care, they're making a cheap product they sell very cheaply. How to Spot Fake Silver When it comes to determining the legitimacy of a silver coin or bar, your eye and your experience can be the best judge. This includes any and all marks, scratches or other issues on the surface of the genuine coin. Their intrinsic value will be just pennies. The Fake Pound Coin Database describes this as a “quite an obvious fake” due to its deep edge rim, overly large text and basic ‘blob’ like leaves. ... As I have previously stated in other articles one of the best ways to protect yourself from this type of fake … So, having seen the outrageous prices that some (often fake) coins bring, they want to get a piece of the action. REAL, COMMEMORATIVE, GENERIC or FAKE COINS . Most of the time, you probably can’t. At least one buyer has identified these coins as fakes and left negative feedback to that effect. A genuine coin is used to create a die that is an exact mirror image of the coin. ANCIENT COINS & MODERN FAKES How To Tell The Difference An Authentication Primer by Dennis J. Kroh The summary of a talk given at the Numismatic Theater during the 99th Annual American Numismatic Association Convention in Seattle on Friday, August 24, 1990. Analysis of the metal content showed the coin had a .918 silver fineness, above the US Mint standards for a silver circulation coin of the age. If the coins are fake they will be composed of copper or a base metal alloy that is plated with a thin layer of gold. Spotting a fake: the pagoda. Alert members of the PCGS Message Boards were the first to notify PCGS of the counterfeit coins/holders. Even the most obvious fakes can easily fool anyone who is not a trained expert. Here's what to look for in order to avoid buying fake coins. Over $3,000 of "gold" coins have been sold by these sellers in less than 24 hours. With Morgan Silver Dollars as popular as ever, counterfeiters are trying to cash in with advanced forgeries. Struck Counterfeit Coins: A Family of Struck Fake Draped Bust Dollars. You are making a mountain out of a mole hill of worry with this one. Perhaps it would be good to define some terms at this point. Step 1: Read Up on Known Forgeries As a result, every fake struck from these counterfeit dies will have the same depressions (marks are called “depressions” on counterfeits). One of the simplest and cheapest ways to make a counterfeit So, how can you spot a fake Morgan Silver Dollar? The slightly gold colour of this coin reveals it to be a fake. Fakes contain a number of giveaways when you look at the design of the pagoda on the tails side. Ironically, the fakes out there can degrade or artificially boost the amount of money they may get for their genuine coins. INTRODUCTION To notify PCGS of the counterfeit coins/holders seen so far are coming out of a mole hill worry! A number of giveaways when you look at the design of the genuine coin their genuine coins the,... 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