fake silver dollars from china

Look at the date: 1906. Most of them are silver-colored (although probably not made of real silver), and a few of them are made of copper. For example, silver is the most conductive metal known, so it is virtually impossible to duplicate. Sigma Metalytics Gold and Silver Purity Testing Scanner, Sigma Metalytics Gold & Silver Purity Scanner. The original 5oz.999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. 1943 Copper Penny - Is Yours Genuine or Fake? This is a storage area or another showroom type of place. The Spruce Crafts uses cookies to provide you with a great user experience. Here's a little bit closer look at the coins in the many counterfeit coins this Chinese minting operation has struck. Ending Today at 6:00PM PST 14h 40m. They're self-proclaimed "replica wholesalers," and it's not their fault if other people misrepresent their merchandise. Silver – 99.99% Pure As you can see, this ring seems to prefer making counterfeits of key coins and the other more valuable dates, sometimes to the point of absurdity, as in its fake 1913 Liberty nickels. We have a counterfeit 1883-CC Morgan dollar that comes to us from our friends in China. Aug 5, 2016 - Explore James Chan's board "Fake chinese coin factory" on Pinterest. The die on the right is the reverse of a British silver crown dated 1899. This photo shows some of the fake ingots and bars, which are made of very debased metals. Some of them are even sold "legitimately" as "replicas" rather than as the genuine coin, but without a marking indicating that they're copies, it is easy for dishonest people to pass them off as authentic. The Chinese have been experts at creating lookalike alloys for more than 1,500 years. However, the penalty for exporting these genuine cultural heritage items can be death, but the penalty for exporting replicas is only that you have to pay your business profit taxes like everyone else. Don't be fooled, though. Rhodium FIVE WAYS TO SPOT A FAKE COIN. The coins may or may not have been struck on genuine .900 fine silver planchets, though. Mistakes like … This close-up photo shows lots and lots of freshly struck fake Standing Liberty quarters. Whatever quality of striking they have, whether it be proof or normal, one thing is certain: they're fake. The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. A reader purchased five of these coins. Silver Dollars seem to be a favorite for the counterfeiters. $200.00. Had I not, I would've been months, waiting on the return, plus postage, to return this fake coin … The 1923 silver dollar on the left is authentic and the Peace Dollar on the right is counterfeit. But combined with the appearance and weight of the coin, the fake would be obvious. The 1906 Ellis Island silver dollar is 100% fake because the real coin was not struck until 1986 by the U.S. Mint as a silver commemorative dollar… Most of the dies shown here are of various American silver dollars, although there are a few Indian Head cent dies and some foreign coin types. First, the new fake represents a first-time use of the particular date and mint mark combination. Silver – 96% Britannia The following are a list of fake silver bars and coins which have been reported (to name a few). Those boxes don't look very sturdy (remember, coins are quite heavy in these quantities, even fake ones), yet the coins are transported to coin shows in these cases. The Peace Dollar … Platinum and Palladium have almost identical conductivities but are easy to distinguish in other ways.In principle it would be possible for an alloy to be developed that would mimic, for example, American Gold Eagles. This photo features a couple of dozen images that depicted the fake antiquities and art objects that this counterfeiting ring is producing. And China is not the only culprit. These people claim they don't sell singles. The high quality of these fake Morgan silver dollars is evident. A wide variety of replica coins for sale options are available to you, There are 121 suppliers who sells replica coins for sale on Alibaba.com, mainly located in Asia. The goal of counterfeiters is to create a high volume of fakes and make money on … For several years, rumors have swirled of silver investors being scammed by fake Chinese counterfeits of US silver coins – mainly from online auction sites. She is a member of the American Numismatic Association. A male worker arranges inventory on metal shelving: The photos also depict rare Chinese silver bars and ingots: And they aren’t simply limiting themselves to fake US gold and silver coins, apparently they also specialize in Fake Chinese Antiques and Art: Fake Slabbed Coins (although the photos did not reveal any fake slabbed NGC or PCGS coins as have been rumored to be appearing in the market): 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 testing coins prior to purchase. Counterfeit Detection. December 14, 2019 1924 Peace Dollar – Liberty Dollar. If yours weighs more or less than 26.9 grams, it's a counterfeit… Notice the high quality of these dies for making fake silver crown-sized coins. This counterfeiting ring is suspected of putting thousands of fake coins onto the world and U.S. coin markets every month. Fake Coin Examples. 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. Gold is the third most conductive metal (only copper is between them). Know Where Your Coin Dealer Sources Their Silver Coins. Shop by Category. This photo shows coins that have been put in slabs or coin holders that have a grade on them. The sheer size, scope, and professionalism of this counterfeiting ring will astonish you. Can the wrong metal or alloy give a Resistivity that looks right? Buy From Reputable Dealers. While for the past several years the counterfeiters have focused on pumping out circulated silver Morgan dollars, they are reportedly now expanding into the Graded Coin Market, placing fake silver coins into graded NGC and PCGS slabs. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Minting experts Mike Diamond and Fred Weinberg also concur, based on what they can see in the photo, that the machine is applying edge lettering. 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. This is one of the showrooms for the counterfeiting ring. A genuine silver dollar dated between 1798 and 1804 weighs 26.9 grams. Let’s go back in time two years before we look at the latest counterfeit Morgan Silver Dollar. Any coin intended to be silver that is magnetic is automatically a fake, since silver … Washington Presidential Dollar Error Coin Gallery, Top 10 Most Valuable U.S. Although the British Crown, if genuine, would sell for a few hundred dollars, the Greek coin made by these dies would cost thousands. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. duping even experienced professionals when not properly examining and testing coins prior to purchase. The reverse side of the counterfeit dragon dollar shows another Chinese text, but as there are many dragon coins with different signs on it, this is not the right way to identify these coins as a counterfeit … Unfortunately, such dissembling fools people because some people refuse to believe that counterfeiters would go to the trouble to make a fake coin and then degrade its value by damaging it. About 86% of these are metal crafts, 2% are mechanical watches, and 1% are coin operated games. These fake slabs are not the PCGS or NGC types that have been in the news recently, but there is no doubt at all that the coins this operation is making are being placed into the fake grading service holders of these companies. By using The Spruce Crafts, you accept our, Another Coin Press Used by the Chinese Counterfeiters, Chinese Worker Applies Edge Lettering to Fake Coins, Chinese Workers Making Counterfeit Rare Coins, Chinese-Made Fake Silver and Copper Coins, One of the Showrooms in the Chinese Counterfeiting Factory, Another Storage Area or Showroom for Chinese Fakes, One of the Many Storerooms in the Chinese Counterfeiting Factory, What Are Doubled Die Coins and How to Identify Them, Man Finds $126,500 Penny in Fifty-Cent Roll of Coins. The top countries of supplier is China, from which the percentage of replica coins … Platinum As you can see, the date, on the counterfeit has letters that … SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. The actual non-customer-accessible storage areas, as seen in other photos in this gallery, are much more cluttered and filthy. Fake Indian Head cents include 1869, 1870, 1871, 1872, 1877, 1908-S, and 1909-S. After they arrived, this person said that something looked wrong and asked for help. The best place to start is to use a magnet. A coin that has about the right weight (for example using tungsten to fake gold) would have a totally different resistivity than gold. Silver – 99.9% Pure One interesting thing to note is it appears that all of the fake silver coins are counterfeit rare/numismatic coins, rather than bullion coins or rounds like modern Silver Eagles, Silver Maples, or Silver Philharmonics, which reveals they’re being passed as high-quality rare/numismatic coins, and not purely for their “silver” content. Genuine ancient Chinese coins are some of the most fascinating and low-cost ancient coins on the market, but with so many fakes coming out of China it is very dangerous to your pocketbook to collect them unless you know your stuff. Gold – 98.6% Coins Found in Pocket Change. The images that were sent makes the coins appear to be cast copies of American Silver Eagle coins. Of course, each coin die can strike tens of thousands of specimens, making this a very profitable operation. This one is striking fake Morgan silver dollars. The machinery looks pretty old and maybe not very well maintained. Of course, you won't see these boxes on the coin show trading floor. 17 bids. The U.S. didn't even begin making the Silver Eagle until 1986! There are currently many fake gold and silver bars and coins being sold out of China. This sort of quantity is the type of deal done behind closed doors in private hotel rooms. According to reader Henry N., this one operates more like a castaing machine, which was the first machine ever developed for the express purposes of putting edge lettering and other marks on the edges of coins. Well over 100 million were struck, including 30 million … This wide-angle shot is deceiving at first. We now have VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ring the Fake Silver Coins Are Coming From: The Chinese Counterfeiting Ring Exposed in the Photos Below is Not A One Man Operation. Some of these fake Morgan silver dollars will also find their way into counterfeit PCGS and NGC slabs, but my sources tell me that most of the fakes these counterfeiters sell are sold "raw" (rather than slabbed). This Chinese counterfeiting ring doesn't confine its production to coins. Make Sure Your Coin Dealer TESTS Their Coins, and Know HOW They Are Testing Their Coins. For perspective, consider that the blue stool in the middle of the photo is a full-sized step-stool type of seat. Last month I posted an article about a potential scam by a company named LIACOO selling American Silver Eagle coins from China. Side Refine Panel. Sadly, the popularity of this coin amongst collectors made it a choice target for counterfeiters. Gold – 90% A wide variety of replica coins options are available to you, There are 673 replica coins suppliers, mainly located in Asia. The Year 23 (1934) “Junk” Dollar, named for the ship on its reverse is among the most abundant of all Chinese Republic silver dollar-sized issues. Surrounding it are boxes of Chinese-made fake silver coins, all neatly sorted into compartments. This Appears to Be a Full-Fledged Counterfeiting Operation, and is Suspected of Pumping Out THOUSANDS OF FAKE SILVER COINS into the US Coin Market Every Month – Mainly to Unsuspecting Customers of Online Auction Houses With eBay Reportedly Being Hit the Hardest. This container is full of Chinese-made fake Indian Head cents and fake U.S. large cents. Gold – American Eagle They look like they might even be proof Morgans, which would almost certainly be struck on a machine that uses hand-fed coin blanks, but some of the machinery in this operation looks pretty old so maybe they're just normal Morgans after all. The scratches I highlighted on the picture above were damning evidences that both coins were very high level forgeries.The counterfeiters went to the trouble of striking different obverses, but were surprisingly lazy etching the same marks on the reverse.The replica is still stunning, and actually fooled two world-class grading agencies and the highly experienced Chinese coins … But really, the storeroom or showroom is just as filthy when it is loaded with fake coins, antique art objects, and antiquities, all meant for Western collectors' markets. Your Own Due Diligence Is Recommended Before Buying Or Selling Any Investments, Securities, Or Precious Metals. Silver-Coins 1906 silver eagle: One glance is all it took to condemn this Chinese-made fake Silver Eagle! 2014 Morgan Silver Dollar Fake. The dates on the fake large cents include 1854 and 1857. That makes the 1897 Kiangnan silver dollar a valued addition to a chinese dragon dollars collection. A good way of quickly identifying a fake is the get a precise weight in grams. THE COINS … LIACOO appears to be selling knock-off products made in China and representing them as genuine for less than market value. The Chinese are experts at the art of processing newly minted items to make them look old, and these coins are a typical example of this time-honored Chinese art. Here's another one of the Chinese counterfeiting ring's coin presses, this time being operated by two men. See more ideas about chinese, fake, coins. Silver – Peace Dollar They came about through a numismatic watchdog/satire blog called Biddle's Bank. Several freshly struck fake Morgan silver dollars lie to the right of the machine. One of the most amusing ironies in this Chinese counterfeiting business is that these counterfeiters make and sell a vast number of fake Chinese antiquities. Although these items might look like they were dug up from thousand-year-old graves, they were just made last week. This photo shows a different coin press than the one in the previous photo. There are also Chinese-made fake Indian Head cents, and what look to be maybe large cents and perhaps some counterfeit dimes and nickels. Palladium 1933 CHINA Sun Yat Sen 'JUNK DOLLAR' SILVER … When it only costs you two to four cents per coin to make them, even selling them for a "paltry" $15 or $20 each is an excellent profit. ... as I have received forgeries from very highly rated sellers who claimed to "not know" the coin was a fake due to them not dealing with coins … The detail and quality of these fakes are very high making it very hard to tell the difference between a fake and an original. Is Your Silver Stack REALLY Silver, Or Merely A High Quality Chinese Counterfeit? Counterfeit Silver Dragon Dollar (7 Mace and 2 Candareen) Reverse Side The letter and numbers are more to the edge of the dragon coin. How Can the Average Silver Investor Protect Himself From Fake Silver Coins? Graveyards have been found that contain literally millions upon millions of ancient Chinese coins and artifacts. 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 … There are also seen plenty of more common dates. Posted on December 20, 2016 Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by the Numismatic … This is ironic because ​genuine Chinese antiquities are very common in China. Copper. VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ring, Suspected of Pumping Out THOUSANDS OF FAKE SILVER COINS. Peace Silver Dollar Counterfeit/Authentic Comparisons. Silver Panda coins are very nicely designed silver bullion coins struck by Chinese mint with a purity of 99.9% silver. These freshly minted fake Morgan silver dollars are high-quality counterfeits. 1 oz Pan American Silver … We Do Not Share In Your Profits, And Thus Will Not Take Responsibility For Your Losses As Well. This machine is somewhat different from the Schuler edge lettering machine in use at the U.S. Mint for the golden dollars. The top supplying country or region is China, which supply 100% of replica coins … For larger investors, a Resistivity Scanner Such as the Sigma Metalytics Gold & Silver Purity Scanner Can Provide Added Peace of Mind That Their Investment is Real and Authentic. The photo below reportedly reveals the actual fake silver coins being placed inside fake NGC and PCGS slabs: This coin press is striking fake Silver Morgan Dollars: The fake Morgans coming off of this press appear to be in Proof condition: Most small coin dealers believe they can spot fake silver coins by sight or touch, but These are HIGH quality counterfeits: Not only are the fake silver coins not authentic, but as our readers would imagine, are not even pure silver, as the Chinese counterfeiters have created look-alike alloys that closely mimic silver’s density. Two male Chinese workers run a fake silver coin press: For perspective, the boxes/briefcase depicted in the picture below appear to be monster-box sized boxes of silver containing thousands of fake-silver coins, using the blue step stool as a reference point. Silver – Morgan Dollar 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. 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. Filter (2) 1914 Chinese Empire Silver Coins. There's a possibility that there are fake 1856 Flying Eagle cents. This practice is becoming less prevalent as more and more people learn how to test for fake silver… Although the working conditions often appear dirty and the minting equipment is old, this is a well-funded enterprise that is run like a legal business in China. Of course, this counterfeiting ring will process them so that each one appears to have a different amount of wear, toning, contact marks, and other minor imperfections so that they don't all look too much alike. In the photo below, a female Chinese worker is applying edge lettering to a bag of fake silver coins: As the photo below reveals, these guys are minting much more than fake morgan dollars: Fake silver dies in the photo include fake numismatic Greek Drachmas and British Crown coins as well as US coins. Silver – 90% Coin There is no law in China against making these "replicas" as long as they are sold as such. $5.00 shipping. These coins represent an assortment of fake coins that have been processed after striking to make them look circulated or dug from the ground. Another Fake Silver 1921 Morgan Dollar (Made In China) On Ebay. China; Empire (up to 1948) PRC (1949-Now) Mixed Lots; … Gold – Pure Among Other Tests, Using Resistivity One Verify the Purity and Distinguish Between: 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. Many of these coins will end up in fake PCGS, NGC, ANACS, or other grading service holders, but the majority of them are sold ungraded. Susan is an avid coin collector of over 30 years, and has written 150 articles for The Spruce. Know the weights and appearance. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. Two counterfeit American Silver Eagles purchased from LIACOO, a company based in China. These coins, while fake, replicate the type of coin which has been made in China for at least 2,500 years. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. This is a little like a store, where customers can come in and buy smaller bulk quantities of the fake coins and other items made by this operation. C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. 1914 China Silver Dollar Fat Man Yuan Shih Kai NICE ORIGINAL XF RARE COIN. I recently saw a new kind of fake … They also manufacture other fake numismatic items, such as ingots, bars, and currency banknotes. To strike coins, you need coin dies, and the Chinese counterfeiters are making some fairly high-quality ones. The photos in this gallery were taken inside a Chinese coin counterfeiting operation. Fakes like these can be very convincing to non-expert Chinese coin collectors. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. Caveat: While the ping test is a great method to check for fake silver bars or coins, it is not foolproof. These are the same coins that are put into counterfeit PCGS and NGC coin holders, although they are most frequently sold raw coins (non-slabbed). 8. The counterfeiters know that the damage makes the coins more acceptable to many people because it allays suspicion about the authenticity of the coin in these people's minds. Next Page ... 1768 ROYAL FRANCE LOUIS XVI LARGE SILVER ECU FRENCH DOLLAR COIN PAU MINT! This room is more cluttered and messy than some of the other presumably "showroom" photos, although this might be a showroom area, too. Gold – 91.7% 22K Crown Reader Kostas K. pointed out that if you look carefully just to the left of the large tube, you can see a coin traveling through the machine. It's kind of amusing to see notations such as "AU 55 Details - Cleaned," as if the coin is genuine About Uncirculated 55-graded coin that has been damaged by cleaning rather than the outright fake that it is. Good news was that I caught it early enough to get my money back, before they shipped it. Even small differences in alloying—for example crown gold (91.67% gold balance copper) and 90% gold (90%gold balance copper) are different. 1914 Chinese Empire Silver Coins; Skip to page navigation. They claim they're merely filling a demand in the marketplace. You will always want to combine this with the magnetic slide and dimensions test. It is almost impossible to duplicate another coin’s resistivity, weight, and size. Every week, someone calls our offices with an accumulation of Chinese counterfeit coins. Fake silver coins are becoming a problem in the market, and you can expect the scope of these Chinese counterfeiting rings to only grow as their technology improves and silver prices rise as the bull market accelerates. A worker, who looks to be a woman, is operating a machine that applies edge lettering to the edges of the struck coins. Certainly, it's very filthy, but the work these men are doing is filthy in itself, making counterfeit rare coins to pollute our coin collecting marketplace. If you are buying silver coins or bars on ebay or craigslist, there is a higher probability that you will encounter a fake… We now have VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ringthe Fake Silver Coins Are Coming From: The Chinese Counterfeiting Ring Exposed in the Photos Below is Not A One … Jewelers will often weigh your coin on their precision scales. Farmers find them in their fields every season. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. In the photos, there are very few banknotes shown. This is probably because many naïve buyers know that the coins they are buying might not be real, but that at least the coins are made of silver … Silver – 92.5% Sterling In the back on the lower shelf, you can see coin dies for sale, so you can make your counterfeit coins. I ordered two coins to confirm my suspicion. These striking photos first emerged on certain Web-based coin discussion boards in Europe and the Far East. Although the coins … ... there are Chinese made counterfeit peace dollars in circulation.