how do others know when that's the only coin infront of them? even this deal had doubts, so joe public would be clueless....bottom line just invest in miners when the market cycles is low and ride it up and exit for profit. the world is not coming to and end and if it does, the coins won't matter.
Thanks for sharing Josh. That Maple looked pretty legit. I got two fake 1986 Liberty dollars from my LCS. I noticed the next day. And boy did they look terrible compared to an original. Luckily she replaced them for me. She felt stupid and ate the loss.
It’s very rare that I see a fake anything come from a dealer. Their antennas are usually up spotting fakes. I supposed one could slip through. But it’s a rare exception.
So what should a customer's expectation be on the coin dealer's due diligence when they are selling secondary market gold and silver? The average person does not own a Sigma. It would absolutely affect my trust if a coin shop "misses" fakes when selling secondary market products.
It stinks that you got a fake coin in the deal but it is for sure educational. I bought a fake silver bar on eBay years ago. I decided that was going to be the only one so I bought a sigma and a scale and now I test everything, even stuff from dealers because none of us are perfect. Thanks!
I confused as to why you did not ask the seller for a credit. If I sold that fake coin to you I would be embarrassed and thank you for finding it. In the precious metal world, confidence is essential.
I didn’t accept a refund (the dealer did offer) on that 1oz because the overall value of the silver lot was still good. I instead asked him to keep me in mind if he has similar lots of silver for sale. I’d rather be near the top of that list than get $25 back…..
I absolutely cannot stand that we have to deal with counterfeits and hate that they are getting to be so good and readily available. I’m on the market for three 1916d mercury dimes to complete my kids and grandkid dime sets and come across a really good counterfeit the other day.
Very good video. The fake looked like the queen's portrait was wider than the genuine coin. The dead giveaway for me was when you did the side by side, the radial lines on the genuine coin are so stunning, there's no doubt about its authenticity.
i got a fake bar from a well known local shop near me thats been doing business for over 20 years. i assume he didnt check it when he bought it but i didnt say anything about it, i just traded it back in for a coin to avoid him calling me a liar or say i was screwing him over. i havent purchased anything from him since then. waiting to get a tester first after that lesson. it was only 22 bucks and i still got a buffallo coin out of it so no real loss. be careful out there
I am curious as to whether your fake is the same thickness as a real one and whether it attracts a magnet. Even really good sovereign silver fakes I have seen don't get all three of diameter, thickness, and weight correct. Typically the good fakes are plated copper - if they are the correct size they will weigh too light, if they are the correct weight they will be too thick. The counterfeiters typically get the diameter correct because that's the most obvious thing at a glance, except sometimes with ASEs.
I got some fake ASE a few months back. Something felt off, they weighted correct, looked correct, but Something felt off to me. My LCS verified they were fake. Fortunately, the guy gave me my $ back. Im very careful now buying silver.
My local coin shop had fake Britannia in it's pile of one ounce bars/rounds. Spotted it right away. He was clearly embarrassed as to how he missed it. All I can say is if you stack, and have a variety, and handle it with regularity over the years, one can get skilled in the visuals quickly. Josh's demonstration of the ping test further concludes what was seen with the naked eye.
I was told that there are 11 radial lines between the two I I's after ELIZABETH. I have gotten a fake like the one in your video. There are only 5 lines on mine.
wish my local shop had a bucket like that. I really want to get some varied bullion keeps things interesting. Shops here also never seem to have maples those radial lines make it my favorite along with the Britannia ones. Good anti counterfit protection too. Curious did you check the small leaf to see if it had smaller one inside with the year on it?
No, I instead requested to be given the opportunity to purchase similar lots from that dealer in the future. That’s is worth more to me than the $25 I’d get back…..
Today, which happens to be a couple hours after video launch on Monday, is the 19th. Am I watching this from another dimension where February 19th is actually on Thursday? In my universe, Thursday will be Feb 22nd. Greetings, Strange People, your fake maple Queen has a HUGE head!
I would say the real one looked alive and the fake was lifeless. The giveaway was when you flipped over the fake it bumped the other and sounded terrible. You did a mini ping test.
@@minotcoinbullion Hi Josh, how much are they? I think I have the 2013 but not home to check. I also would like a 2oz Bakken poured round. Thanks for all the great videos!
Chinese bullion fakes, numismatic fakes, you've even got slabs being faked which people typically trust. I stay away from physical coins. Not worth the hassle anymore. I'd rather invest in a precious metal ETF.
