Silver Safety! How NOT to be Fooled by Fake Silver

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Silver safety! How NOT to be fooled by fake silver. In this video we talk about the risk of counterfeit silver--especially with silver rounds, silver coins, and silver bars. Fake silver and gold are a real threat, and you should stack silver and gold safely. There can be a lot of pitfalls in our silver stacking journey, and I hope this video helps those new to gold and silver stacking. Most silver fakes are actually really easy to spot and quite easy to test. It's best to employ multiple ways to test your silver coins, rounds, and bars. I compare real silver coins with fake silver, demonstrate various methods to test your silver and finally discuss testing for counterfeit silver and gold with my local coin shop silver dealer Tim.
Tim Marschner
The Coin and Stamp Shop
300 Granite Street
Manchester, NH 03102
(603) 624-4400
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Topics discussed: silver, silver fakes, fake silver, counterfeit silver, silver rounds, silver coins, silver bars, gold, gold bar, stack silver, silver stacking, silver tests, testing silver, coin shop, silver dealer, spot price, coin dealer, buy silver, silver ounces, silver eagle, peace dollar, bullion, physical silver, stacking silver, precious metals, silver bullion, gold coins, gold bullion, invest, investing, investing in silver
#Silver #FakeSilver #Gold

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26 сен 2024

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Комментарии : 371

@Arvelli 3 года назад

i’m going to like, but like why am i watching this lol, i know NOTHING about coins, it was just on my recommended 😂

@xAuger 3 года назад

Maybe it's a signal to get into this kind of stuff

@silentbliss7666 3 года назад

Same thing happen to me 1 year ago. I'm a full fledged silver stacker now! No regrets :)

@1badgt4 2 года назад

Metals are REAL money.

@troylevi9654 2 года назад

Ya these shows suck because now I have thousands of ounces. I have always liked the 10 ounce bars I get coins are nice and all but at the end of the day I get more ounces from bars for way less then coins

@jareda3106 2 года назад

@@troylevi9654 What's your address?🤣🤣🤣

@jeepjason94 3 года назад

Well, that’s another 15 minutes of education for me that took you hours to put together. Thank you!

@SilverHeist 3 года назад

These videos do take time to prepare! 👌👌

@MenGrowingTOWin 3 года назад

Specific Gravity is a good test.

@demolitiondan1188 3 года назад

Yes, that’s probably the most accurate test you can do without using an analyzer.

@67stingray1 3 года назад

Very informative. The ping test works just like distinguishing a steel crankshaft from a cast crankshaft. I have the ear.

@TheSimba86 3 года назад

Local dealer bought three 1000 ounce silver bars once, they tested fine when he bought them, later found out the centers of all 3 was lead

@BackyardSpecialEK9 3 года назад

I wish I could go to that lcs and buy some silver. Owner looks legit and honest

@brianpdaniels 3 года назад

He's a good, fair guy

@GR19611 3 года назад

You can get very lightweight flat ,half round , Neo magnets from old HARD DRIVES .These are fantastic for testing coins with minimum damage.

@practicaloccultist231 3 года назад

@@timothypanfilomaruchan8267 I've seen your comments thx for helping to clean up the comments. I try to report them all but there's so many

@clatsopcoin8666 3 года назад

Clatsop Coin also uses a Sigma, additionally every piece also goes across my scale for weight. Would love to visit Tim's store but I'm at the mouth of the Columbia River at the Pacific Ocean where we get really cool sunSETs. I've not seen a sunRISE on the water in about 15 years. Gosh maybe a cross country road trip is due.

@davegadge1 3 года назад

The best video I have ever seen on how to tell if a coin is silver or not!

@Bloodyack 3 года назад

I notice Tim has the original Sigma-- the new models have some pretty helpful improvements. The Sigma Pro and the new Pro Mini can check the size and thickness. I ordered my mini from Sigma (budget about 1.7k, me boyos) and paired it with an old phone (a tablet works too, but use something with a screen protector since that's what you'll use to check sizes.) The wand attachments are heartily worth it, especially if you're checking silver with deep recesses like stackers or tiny things like grams in assay. Also read the manual because there's a few things you need to know, like how temperature can throw off the conductivity reading. Don't forget to calibrate!

@shawnspreciousbullyon 3 года назад

Those side by side comparisons of real vs fake coins where the spots of each coin was pointed out was super helpful. The magnet trick is always the best place to start when you don't have a Sigma like machine. Thanks for this video Yankee. I feel this video will save so many new and seasoned stackers from getting had with fake coins. Be well buddy.

@TheRealSiberD Год назад

Great video! Been using scales, rare earth magnets, and calipers since 2008.

@frankrizzo1934 3 года назад

I think I may venture over to this gentleman's store this Memorial Day weekend. I've always wanted a reason to visit New Hampshire.

@ludwigvonsowell5347 3 года назад

Free state project has entered the chat

@iracknads 3 года назад

Oz is the abbreviation for ounce.

@Irunwithscissors63 3 года назад

@@iracknads lol. Sheer brilliance

@vanillagorilla9841 3 года назад

Oh my goodness.......I’m salivating over that 10 ounce Apocalypse bar on Tims counter!!

@jordantaylor789 2 года назад

I bought some ATB 5 oz silver coins from someone on offer up. I was cautious about them so I weight and visually inspected them to my knowledge. I just did the ping test after watching this video and they all have such a beautiful ping and resonate for 10 or 15 seconds

@bigrich6750 3 года назад

Just started stacking. This was very helpful. Thanks!

@Skraeling1000 2 года назад

I work in a pawn shop, and once had a customer with several silver Mexican coins from two different years, about the size of a silver dollar. So I gave them a quick check, they felt right, weight was right, acid test was ok. I was about to buy them when I decided to do the magnet test. Oops. They were magnetic. On closer inspection, all the coins from the same respective year were exactly the same - down to the dings and scratches! So if someone offers you several coins of the same mintage, check to see if the damage matches on them, that's a bit of a give-away!

@sdfv4zx 5 месяцев назад

You should know better than that, the first thing u should do is the magnet test, that would have save u a lot of work.

@andrewfong4216 Год назад

It might be a little better to compare the fake proof ASE against a real proof ASE, not an UNC one. There might be some difference in the mirror finish on the background. As a chemist I got to play around with an XRF analyzer once. It was good, but XRF can be fooled if an item is plated thickly by genuine metal. The soft x-rays used in XRF only penetrate so far. I like the rare earth magnet test. I use a magnet which isn't quite so massive. The test also works through thin plastic such as through a coin flip, so I can usually tell without removing a coin from a flip or a 2x2 holder. That also protects the surface of a numismatic coin.

@karl1111 3 года назад

The Royal Canadian Mint had a problem with counterfeit bars that were in counterfeit packaging A couple of years ago! Beware of every purchase!😱👍

@davidgatzke8337 3 года назад

I bought a sigma from a LCS going out of business It has been great But i like the new sigma PRO better Help your LCS to buy the new sigma PRO and trade him for his old one It about $2000 for the PRO and about $1100 for new ones Happy stacking

@Silverholic 3 года назад

Gotta be careful with the slide test. Copper has the same properties.

@tedpark6814 3 года назад

Copper is also a very good conductor, although it's not as good as silver, it's pretty close. That's why it exhibits this property.

@Silverholic 3 года назад

@@tedpark6814 Yes, there is an additional layer of electrons in Silver, making it a slightly better conductor. But the difference on the slide is almost impossible to notice.

@rajekamar8473 3 года назад

@@Silverholic Known coins of different materials could be used on a slide ramp to calibrate that system. Good ones and fakes. You would need to time them with light gates on top/bottom. You could do this with something like an Arduino/pc etc to log the times and give a time output.

@mikeq5807 3 года назад

Wow, I was just on the phone with this shop today. Nice guy. In Maine, will be in.

@faustman1000 2 года назад

That Sigma machine is awesome. P. S. This guy would be an awesome edition to Sesame Street

@Tinstared 3 года назад

Most of the newer fakes are copper with a silver coating. The magnet doesn't stick and will slide almost exactly like the silver.

@bushtuckaman 3 года назад

What's the best way to check one of those then please?

@Tinstared 3 года назад

@@bushtuckaman What I am saying is the magnet test is pretty much obsolete. Buy a digital caliper (under $10 at harbor freight) measure thickness, diameter. Look at the coin under a loupe, weigh it, ping test it, acid test. And if you know someone with a sigma ask them to check it.

@bushtuckaman 3 года назад

@@Tinstared Great info, thanks for the reply!

@danieltwaddle8465 2 года назад

Specific gravity as a second opinion never hurts.

@07blackdog 3 года назад

Nice to see that Provident bar on the counter. I've been buying from them for years. No negative issues with them.

@TheQuickSilver101 3 года назад

Thanks for covering this, Yankee. There's a lot of new folks in the silver space and it's good to cover this stuff for them. 👍🏻

@Hasher411 3 года назад

I like the specific gravity test. It takes more effort but I trust the results.

@SilverTreasures 3 года назад

The seldom pieces that “may need” further testing are far and few in between thus justifying the effort it requires. If someone is sooo paranoid that they’re testing every piece then they need to find a different dealer lol. Specific gravity saved my a$$ one time, after I had bought the iconic .99999 fine gold maple 1 oz coin. I didn’t even suspect it was fake, but I was testing a palladium panda (which was 100% real) and thought since I have everything set up I’ll test the maple and a couple other pieces. At first I thought user error so I reset everything. Test was identical to the first. I began freaking out and grabbed my Buffalo (which I know is authentic) just to make sure. And sure enough the Buffalo came back as pure gold. Tested the maple again and got the same bad result ... I took it to my bullion dealer to get the xrf results and it came back as 16k gold. VERY STRANGE... but it made sense given the consistent results of its specific gravity.

@brwilliams8899 3 года назад

A lot of fakes are silver plated copper and don’t weigh out

@SmithsnMoz 3 года назад

Love VIDEOS with my ABSOLUTE favorite LCS DEALER ... Even though he's nowhere near me!! 😊 😃

@YankeeStacking 3 года назад

Thanks. Yeah, everyone needs a Tim!

@tylermassage6220 3 года назад

Damn close to me!!! I just cannot get there till 10 min after he closes most days

@Mendelssohn33 3 года назад

Same here, we need a British Tim 🇬🇧

@Lin-pr8sh Год назад

the ice cube test is quite amazing on silver...both bars and coins. I would add that to the other quick tests. Silvers high thermal conductivity makes it look like the ice cube is on a frying pan, and you can feel the cold on the other side of the silver very quickly. Would love to see it tested on a fake tho.

@wonderboy2402 3 года назад

One of the first things I noticed on the fake ASE you show is the sunbeam on the left does not pass the the letter L. Good to know about the flip method too!

@erichhonecker8548 2 года назад

The Sigma Original now has the small and large extensions for testing anything unwrapped. Same machine as in the video but with wands for even more accurate testing. I will get one and bring it with me when I shop at the gold shops and know on the spot that what I'm getting is the real deal.

@salm8990 2 года назад

At 9:02 that sound IS the reason I started collecting silver.

@tomtharos4440 2 года назад

Looks, feel, Pocket Pinger, magnet slide, scale, calipers.

@lindakubo6969 3 года назад

Thank you for this video! Very helpful for a beginner like me.

@melloncolliemedb Год назад

the ping test is my favourite tune 🎵❤

@kyfeam Год назад

S.D. Bullion is where i buy my metals..

@goldcicvibefel9966 3 года назад

Found an old 1940s walker half that was obviously cast but contained 90% silver. 🐥

@XFizzlepop-Berrytwist Год назад

Ping test seems to be one of the better ways for coins/rounds. It just requires good hearing, which I think is sad, because of course not everyone has that good hearing, for high pitched things, especially as we age. I dont really like bars personally, I think they are easier to fake.

@malekmalek9064 3 года назад

Keep some of these fakes if you get a homejacked,you can hand these over

@robertbaker1707 3 года назад

I’ve done a lot of research on fakes and do have a couple to make sure my Sigma is working correctly. The magnet does spot most of them. I have one eagle that was done masterfully but the sigma called it out.

@steakershocks 3 года назад

rare earth magnet and milk spots are my way of testing

@tonyli8368 3 года назад

Found the maple leaf stacker

@bullionaddict9164 3 года назад

Yankee is absolutely SpegTaculars today 🙄 Good show man ✌

@robinw.darnell4269 2 месяца назад

I use the Sigma wands for anything above one oz troy. They work better on the bars.

@dont.ripfuller6587 2 года назад

Cool! I knew about dia magnetism with copper , didn't know silver was also.

@eidtnaci 3 года назад

I get my silver from trusted sites and a local coin shop that’s been in business over 30 years

@tonyfisher4113 Год назад

Thank you for another great video. I love listening to you and Tim.

@davidprather360 2 года назад

On the Silver eagles I noticed that the sun rays on the fake don't go all the way through the L in Liberty. Very good video.

@mikemikecohen 3 года назад

Good reminder video about fakes. Last year I bought 25 1 oz silver coins from an online dealer. When they came in I measure diameter and weight and found about six to be outside the acceptable weight variation. Obviously returned the whole batch and told the issuer why they were being returned. Never heard from them not even an offer to send a new batch.

@woodman1701 3 месяца назад

Can you do a show on testing silver and gold for the apocalypse?

@peterfritz6030 3 года назад

Great video! Weight, dimension and ping are all you need. Be carefull with the magnetic slide. In fact, you are measuring the permeability of the metal, which isn't an easy task and errors can be made easily!

@rejekt2 2 года назад

Fun story, I bought a 5 Mark German coin from 1897 for close to nothing 1 or 2 years ago and found it recently in my drawer. This re-ignited my interest in old coins, and I ordered some online, digging a bit deeper I found out that you can actually buy silver coins purely for their silver content, so I ordered some coins from Andorra with 92.5% silver content. I informed myself and noticed that those are not the right coins for this purpose, so I ordered a few of the right kind (Kangaroo, Maple and Britannia)...of course now I needed to know if those are fakes or not, this video helped me a lot, for now all coins have passed the test...except that 5 Mark coin I started with, it was a fake :D

@dvdm4709 3 года назад

Ahh I see you figured it out old man haha. Tricked us with this a couple days ago👴👴

@dvdm4709 3 года назад

Sorry forgot to add some ♿♿ haha keep up the good vids dude

@dvdm4709 3 года назад

@@timothypanfilomaruchan8267 it's gone now shhhh shhh it's ok, take daddy's hand ✋

@joechandler8398 2 года назад

Yankee, you can quickly wave the magnet near the surface, without touching, of the real silver. The coin will move. It’s just doing the reverse of your contact slide without actually making contact.

@speckledjim_ 3 года назад

It's very difficult for the -chinese- counterfeiters to get both the weight and dimensions correct. A simple quick test catches a lot of them

@SilverTreasures 3 года назад

Specific gravity is my “go to” test. It’s free and the most reliable test out there.

@YankeeStacking 3 года назад

It’s a fantastic way to test too! I should have mentioned it.

@SilverTreasures 3 года назад

@@YankeeStacking The seldom pieces that “may need” further testing are far and few in between thus justifying the extra effort it requires. If someone is sooo paranoid that they’re testing every piece then they need to find a different dealer lol. Specific gravity saved my a$$ one time, after I had bought the iconic .99999 fine gold “super leaf” maple 1 oz coin. I didn’t even suspect it was fake, but I was testing a palladium panda (which was 100% real) and thought since I have everything set up I’ll test the maple and a couple other pieces. At first I thought user error so I reset everything. Test was identical to the first. I began freaking out and grabbed my Buffalo (which I know is authentic) just to make sure. And sure enough the Buffalo came back as pure gold. Tested the maple again and got the same bad result ... I took it to my bullion dealer to get the xrf results and it came back as 16k gold. VERY STRANGE... but it made sense given the consistent results of its specific gravity.

@rd9102 3 года назад

I need to get a sigma, i don't have a ton of it yet but as i dollar cost average and buy more over time it is going to matter.

@hankgamer3965 3 года назад

>he fell for the DCA meme

@calebtimbs5046 3 года назад

The peace dollar was hard to tell until I saw that it was the key date

@johnnyargo8509 Год назад

Great video

@chassisresearchkid 3 месяца назад

Thank you

@mlzb1535 3 года назад

Thanks Yankee for this amazing video

@michaelnelson2970 Год назад

I only buy from my local coin shop.

@realfubar6238 3 года назад

Great vid, just got myself a sigma. Always great seeing Tim on the channel.

@jamesdangerharvey 2 года назад

copper also repels magnets as well does aluminum

@SILVERSTREAK925 3 года назад

Great info Yankee. Thanks for sharing.

@cooldaddyfunk 3 года назад

Man Yankee, I wish you had given him the fake peace dollar and asked him if it was real just by his assessment. It's kind of scary they sell distressed fakes, unless you didn't buy it that way

@dscott3421 3 года назад

Yankee, I noticed in both the picture and on your fake eagle, the "1 OZ" on the real and the "1 OZ" on the fake.

@robinw.darnell4269 2 месяца назад

Thanks Yankee! I have six silver Morgan dollars that fail the Sigma Analytics but pas the Ping, Weight and Measure, the Magnet, I have no slide. I am at a loss but I think I got these from a jewler just don't remember. Its about $180 loss but not sure how to protect myself in the future.

@johnruck 3 года назад

ALWAYS GREAT CONTENT > TIM IS THR BEST

@IceManOregon 3 года назад

I fell for this con too as I ordered 5 coins from a Facebook add, this before I understood there were counterfeit coins out there so brazenly. My questions is why isn't this a crime to counterfeit US monies and ship them to me from a place in California? I reported this address and business to Better Business Bureau of Cal and have confirmation of my report.

@matthewlorentzen8013 3 года назад

It is illegal if they are supposed to be U.S. Coins that are supposedly minted by the U.S. Mint. If that is what you are speaking of you need to report this crime to the United States Secret Service right away. They do not just protect the President, they really do go after counterfeiters.

@IceManOregon 3 года назад

@@matthewlorentzen8013 I did I reported them to the Better Business Bureau in California

@matthewlorentzen8013 3 года назад

@@IceManOregon - Better Business Bureau is not in any way related to the U.S. Secret Service. U.S. Secret Service is a federal law enforcement agency tasked with investigating counterfeiters. You need to report this crime to the U.S. Secret Service.

@IceManOregon 3 года назад

@@matthewlorentzen8013 I contacted them by email but I never heard back from the Secret Service

@shibbidydoowop 3 года назад

NCIC goes after the counterfeiters too

@Anonymous-tl9lf 3 года назад

This made me test out my stack using ice and magnets...lt came back as real 😎 my stack is only 16 coins rn as I’m 17 but I have more into gold then silver by a lot. Love ur videos and Tim seems awesome!

@Anonymous-tl9lf 3 года назад

I put my life savings into gold, love the videos man

@micemr76 Год назад

Ice?

@LatimusChadimus 3 года назад

That one peace dollar looks like nickel

@ProsperInHealth 3 года назад

Thanks for taking the time to make this video. I have a Peace dollar that was weighing heavy by . 3 grams, after seeing your coins come in heavy, I felt better. I did the Android ping test and it is supposedly genuine. What are some explanations why a peace dollar would be heavy?

@LordPhan 2 года назад

They err on the side of slightly over rather than under.

@philipsmedia5268 3 года назад

Digital calipers and scales will help sniff out most fakes!

@EODHammer 3 года назад

Larry Lee! RIP

@Nesmaniac 3 года назад

For the price of the machine you could buy a lot of silver from reputable dealers like Tim and pay quite a bit more for it even and still come out better. Dealers who really have a lot of people bringing them silver definitely need the machine though. Yankee probably needs one too but he's the exception when it comes to stacking.

@flipnap2112 Год назад

I used the app and let it record the ping test and it passed even with your voice talking over it. impressive. got a good deal on a sigma OG direct from them for less than a grand so ill be glad to have that in my arsenal.. go course I was like "I coulda gotten a healthy bar for that money ha ha."

@richardmetcalf2346 Год назад

I can't afford a sigma, so I use a scale and a magnet. If I'm still not convinced, I do a specific gravity test.

@allancolegrove2874 3 года назад

I use a homemade mag slide, scale and magnets. The ping test I'm not so good at. I should get the phone app I guess!

@stevebono9058 2 года назад

It is not cost effective, near abouts as I can tell, to counterfiet constitutional dimes. I stick to them and have no worries.. am I incorrect in my thinking?

@frikandelspeciaal1431 3 года назад

Cool video Yankee. The magnet i want to have to easy pocket tool.

@rvalens2 2 года назад

I check my Morgan silver dollar coins by measuring their thickness and diameter, pinging them, using a silver slider, comparing them side by side with a known real one, and looking at the small details on them with an eye loupe. Fake coins are often poorly struck and can have malformed lettering with multiple internal flaws. It's also not unusual to find the front-to-back images on the coin out of alignment. When you flip a U.S. coin, head over heels, the top center of the tail side should be exactly where the top center of the head was before you flipped it. I have found counterfeit coins where the tail side was upside down from where it should have been or was tilted to one side. U.S. government coins are minted to exacting standards and though mint errors happen, an alignment error is a red flag that you need to check your coin carefully. Hilariously, I recently found a 1907-O Morgan silver dollar that I could tell was a fake just by the date. How did I know that? Because the last Morgan silver dollars were minted in New Orleans in 1904.

@lastofus456 2 года назад

Buy a Silver Spectrometer. Check Your Own Silver.

@workingrich8464 Год назад

So why isn’t the Secret Service aggressively involved in hunting down fakes? I thought they were the counterfeit people.

@stevewilliams846 3 месяца назад

My opinion is that the face value is $1 on an ASE. Few in their right mind would try to spend them. So, to the SS, it would be nothing more than something like counterfeit sneakers. That's just my thought not an actual justification. And it may be so pervasive they just cant keep up with it.

@douglasfostertruthseeker 2 года назад

Some of the really good fakes are real silver in the collectable coins in the rarer coins and hard to tell so then you have got to look at the features on the coin like the date and dentrills and reeded edges!

@rogerlittreal642 3 года назад

Thanks for sharing!!!!

@jeddmohlenkamp6870 3 года назад

The local coin dealers here in FL cost more than the online prices!

@HeritageStacking 3 года назад

Not sure how I missed this video but watched it now :)

@michaeldupuy696 3 года назад

If anyone failed that silver eagle test, you might have a huge fake silver stack 😬

@lancemillward1912 3 месяца назад

Without a 5,000 machine how can i test the purity of my silver. Differentiate between 800 and 925 silver

@josephpessotti3876 Год назад

nothing like flipping a silver dollar.

@fog8969 Год назад

Requesting info for purchase of good, dependable Neodymium Magnets. Thanks.

@citizengkar7824 Год назад

At over NZ$1600, I won't be buying a Sigma, anytime soon. Great tips, on other ways; especially, the DIY ping test. Thx. Query; is there any site that has a database on minted bullion coin specs?

@shrikeofterven6006 Год назад

Would a dealer test for you? I was thinking of getting a sigma and offering to test for other people for a tiny fee.

@HighTotally420 Год назад

0:52 bottom left and top right look fake but we will see if I’m right edit i was right the bottom left looked dull and not well made and the top right looks clearly cast instead of struck

@jefster4745 2 года назад

i got a deal on some '29 peace dollars from china

@rayofsun7680 Год назад

Great and helpful video! Do you have a link to the particular magnet you were talking about? Thanks!

@joshb4136 Год назад

There's a bit of dangerous misinformation here. The silver coin doesn't slow in a magnetic field because of diamagnetism. It slows because you're inducing an electric field which generates an opposing magnetic field. This will happen with *anything* conductive, silver or not. You can use this property to detect silver only by comparing the slowing with known silver. How much the coin slows will depend on density and conductivity (which depends on the metal used). So please don't think you can just spot a real coin by slowing it in a magnetic field as demonstrated here. If you want to try and see for yourself, just test it with a pure copper penny. You'll see the penny slam to a near halt when it goes past a strong magnet.