Coin Shop Owner Shows Easy Gold Testing Trick - Avoid FAKE GOLD EAGLES
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- Опубликовано: 29 сен 2024
- In this video I visit a coin shop and the coins shop owner shows an easy gold testing trick to avoid fake gold eagles. Fake gold eagles usually come from China and can be hard to detect if you do not know how to test gold coins. This coin dealer uses sound to find fake gold eagle coins. A fake American gold eagle coin will have a different sound compared to a real gold eagle coin. There are many fake gold bars and fake gold coins out there so you need to protect yourself. We test 4 different goin eagle coins from the 1 oz all the way down to the 1/10 oz searching for fake gold eagles. The larger 1 oz gold eagle coins are the easiest to test and easiest to sort out the fake American gold eagle coins as well. We do test a gold Krugerrand coin, but we did not find any fake gold Krugerrands. When it comes to fake gold vs real gold, the fake gold coins will have a different sound. This fake gold coin test is extremely easy to do. The fake 1/10 oz gold eagle coins will be the hardest to detect. Counterfeit gold eagle coins are a crime. I hope this video helps you to find any fake gold eagles before you purchase them!
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Topics I cover in this video: fake gold eagle, fake gold eagles, fake gold eagle coin, fake gold eagle coins, fake gold coin, fake gold coins, fake gold krugerrand, fake gold test, fake gold coin test, fake 1 oz gold eagle, fake 1/10 oz gold eagle, fake 1 oz gold eagle coins, counterfeit gold eagle, fake gold bars, fake gold bullion, testing fake gold, how to test gold, coin dealer, coin shop, local coin shop, coin shop owner, coin shop video, coin store, bullion dealer, sound money metals, how to test gold coins, fake gold coins found, american gold eagle, gold eagle coins, gold eagles, gold eagle, gold eagle coin
#gold #coins #preciousmetals
Too bad my tinnitus rings right at the sound of gold, lol 😂
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Yep l know that sound
Hmmm...never thought that missing pitch would be that important...
@@jerrynorton1080 best comment!
i've never thought of it that way! hahaha
Toning does nothing for coin value in my book. I avoid buying and selling toned coins.Copper spots and mint mistakes or error coins also not anything I will dabble in.
True story!
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I have perfect pitch. It’s not the same tone on the first one. The second one was closer.
Tone can easily done by heat
Gawd my ears
Thats a good sign. It means they still work. Grow your stack!
@@PortlandpreciousmetalsI’m deaf. Rude to assume
@@Portlandpreciousmetalscute dog by the way
I thought it safe to assume that his ears were bothered by the sound because he could hear it. My Uncle got coclear implants and it changed his life. Look into it if you haven't already. @@Thatboylenny56
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Buy Britannias or Maple Leafs. Built in security features
love the security features on the britannia.
Unfortunately they’re tied to socialist countries.
Lol. I bought a fully magnetic “Maple Leaf.”
what are the security features?
@@KurtOnoIR Google: security features of canada maple leaf and British Britannia
Appreciate having Mike as my local LCS. Happy to support a local community business.
Thank you Jordan!
They are a good store.
@@wills9732 Thank you!
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Mike is awesome
It was fun seeing the toners. I love the down to earth info too. Testing your metals is essential and I doubt everyone does it. Hopefully somebody puts this info to use. Thanks!
Know your metals, don't just test them. Grow your stack!
Loving these HONEST INFO VIDEOS .. ty ✌️
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Never buy coins on E-Bay. Always buy from a coin dealer.
😂 or just know what you're doing. It's not hard to spot a scam once you know what to look for.
Absolutely beautiful build. Thanks for sharing it with us.
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Can you send me a real one so i can compare??
I can send as many as you want once your check clears.
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I think I already said this but this is one one of the nicest looking shops I've seen, we all need a LCS just like this in every town!
Blushing!
I absolutely love it in this shop!!!
No XRF or any machines to find the high end fakes that are tungsten cores.
And like most coin dealers they never mentioned eagles, Krugerrands are only 22k / 90%
The black and white photo in his shop is great
Thanks, you can't tell but I was the hand model for that one. Great photographer Mercy Mcnab. Check her out.
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there are better apps that work without human ears.... Also can be used on silver.
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This is an amazing video. I learnt a lot. However I need the frequency for the 1/10 and 1/4 and 1/2 Krugerrand. Any idea where I can find it?
my hearing is so bad that The pings are out of my range,can't even detect the sound.
Just buy your gold from Portland precious Metals. We won't sell you anything fake!
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In the last 20 years the spot silver
price has been controlled and frozen.
COMEX is the culprit.
20 years I have lost buying silver,
I started purchasing gold when it was $350ish ! A old timer turned me on it changed my life. I rooled the dice with my savings and haven’t stopped iam 76 now and it’s my turn on a young person…..😅
I'm jealous I can't lie
You happen to know the frequencies for Ag Eagles & constitutional silver pieces (or if there is a site listing various issues)? Thanks for sharing some great and useful info as always; got to keep us 🐉 out of trouble by avoiding any "wooden nickels" so to speak. Love his description between if a coin is tarnished or toned, that was classic. 🤣🤣
I believe 6645hz but don't quote me on that. Grow yer stack!
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@@Portlandpreciousmetals Merci. I got lucky and found some "free" Ag at the bank in the way of some halves another bank customer brought in. I'd be a horrible 🐉 if I wasn't trying to get my paws on the stuff. >>:=p Donations and tributes are always welcome 🤣🤣
Great episode, this is my personal favorite coin shop in the Northwest
We really appreciate that. Grow your stack!
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Likewise
Spent the money I had saved for my first ounce to instead buy a Sigma Pro, peace of mind is worth it.
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great video. just use the apps on your phone. couldnt stand all the ringing though
Listening to this video with headphones 🙉🤯
In logic eagle verses maple the refiners prefer maple as do I.
I'm really not here for gold. I'm in love with Shop reviews and videos
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16 minutes, what is a "raah coin"? Are they from the Caribbean or something?
could you answer my question sir if someone wrote a comment that you really liked and promised to send them something as a thank you would you honour your promise ive been let down big time by a RUclips stacker
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Englehard gold is super rare so the premiums are ridiculous
The Gold Eagle has the same tone pitch as my tinnitus.
Lol. Mine too
Coins are the worst gold to buy, never pay for artists value on any gold, its not worth the cost. When S.H.T.F, the artists value drops to zero. Buy gold bars only, never buy coins or art gold.
Ampex? Cmon guys… Apmex. 😂😂😂
Ampex makes guitar amps i believe.
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What about gold philharmonics?
The gold Phillies are even nicer than the silver ones.
@@1000millionbillion Agreed!
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They have a coin tester app now that does the same thing
Art
AMPEX is electronics corp. APMEX is bullion dealer
No one is arguing with you, but they aren't doing free advertising for them. Try to keep up, it doesn't need to be explained to the rest of us.
@@syberphish She actually called it Ampex!
❤ Real quality frequency! My favorite silver is the Mexican libertads. Don't want to let mine go either. 😂
That IS an attractive coin
Im lucky to be able to stack in this recession while the prices are so low. A lot of people just dont have the extra money to put into precious metals.
Being old enough to remember when silver was in circulation I don't need anything to tell if a coin is real silver. When I hear a silver coin "ring" I KNOW what it is due to the many decades I have heard them. I am 70 this year so silver has been in my life since the 1950's.
Yes, I am the same age. I grew up in Carson City NV. Real Silver Dollars were still on most gaming tables up to 1963. In 64 most casinos went to tokens. Tokens were available in all casinos as an advertising souvenir until the change over. Then tokens became the replacement for Silver Dollars. Many Casinos contracted with the Franklin Mint to coin their tokens, some had 10% Silver content. Those were the days. Yes, there were some casinos that had copper tokens, wooden chips and other stuff, like plastic rounds. But the metal, especially the ones with a little Silver in them were the best.
@5:10. Well if she said Ampex and not APMEX she might have been telling the truth because they are not the same. Kind of like nucular and nuclear, or buying a watch called Onega vs Omega, slightly different spelling, BIG difference! I would have to disagree with the statement that AMPEX sells good stuff. I buy my stuff at APMEX not AMPEX.
⭐Outstanding video. ⭐ I appreciate all the important information. 👍
I learned a lot from this video! Thanks! 👏👏
Thank you for watching. Give it a thumb up. Grow your stack!
Content like this is great! Helps the stackers protect themselves from all the fakes and scammers out there.
Good vid!
Thank you!
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I learn something every time I chat with these guys. Great for the collector. Great for the stacker. A+++
It is always a good conversation when you stop in Frank.
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You silver coin collectors are nuts to me. Anyone who ever had real silverware knows silver tarnishes quickly in open air and requires frequent cleaning. If you want silver coins to stay nice you need to coat them with wax, otherwise you're fighting a losing battle. Don't tell me about climate control. Sometimes the power goes out.
Hello to my fellow Fractional Friends who can't afford a whole oz
Try to go to a dealer, and SWIFT your fractionel coins, for a whole ounce, i think every dealer would take in 10 ten ounces, for a Big one, you will lose the premiums, but get a big boy coin 👀
@@orphancharmander1168 No?
cant afford = not able to hold onto fiat from one time period to the next without spending it.
Otherwise... you could just stuff your cash in a jar over how ever many months time it takes you to buy larger. It sounds like you're not able to hold onto your money that long, that's a you problem... not a "you can't afford it" problem.
I actually like ¹⁄₁₀ozers, they are like cute golden dimes... kinda thick dimes... but yea...
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@5:52 come to a gentlemens agreement, but what of the customer whom comes into Gold but gets creative with the package... 😶🌫️
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You don't even have to trust your own ears. Just get like a digital tuning tool of sorts, they'll tell you the exact frequency you're hearing.
Kiss my Gritz they are gold bars and 1ounce of AU is one ounce of AU. Oh, unless its AG.
XRF and pingers and scales...WTF? can't trust anything anymore...I'm done
Hey SD....great video. Great video! While I think the world of Harry and the Gang (new name for a music group), I think it helps the community by you going out to ther LCDs. It helps newbies know what to expect when they go to LCDs. Mike seems like a good dude and I'd deff shop his store if I was there. THANKS.
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gold maples are 99.99 percent pure
As are buffalos.
DUDE those Libertads!!!! I want
That's what I said when I first saw them! Grow your stack!
if you *really* wanted them... you could just call the shop...
Premium too high for Mexican silver Libertard...
Gold is cheaper in other countries but the import taxes and fees to take it out of the country make the cost outrageous the United States has by far the most expensive gold prices. Also gold in raw is crazy cheap in foreign countries
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I was just using my ear, but a computer is smart… but not necessary if you have a good ear😎
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Thanks. I’m getting some $ after the first of the year 2025 and trying to learn…
Silver sucks
Can you tell us why you aren't doing goldback videos anymore?
I used to buy at the US Mint store at the train station downtown DC when I lived in the area. Pretty sure I never needed to test those.
Toned= tarnish, damage. don't pay more for it.
Seems to me that the pitch of a coin should always be listed alongside its dimension and weight.
You avoid fake gold by buying from reputable dealers, eBay gets such a bad rap when it comes to buying gold when all the major dealers are on there. It's not just individuals selling Eagles or any other coin, you have JM bullion, SD bullion, Liberty coin which is my favorite, Scottsdale mint, Apmex, another solid Company is BGASC. That's how you avoid being scammed!
hi keep it up 👍🏼🔥🐉
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Fascinating
I bought the SIGMA MACHINE TO TEST EVERYTHING TTO BE SAFE. WORTH IT !!! 😊
Can't hurt. But don't just rely on machines. Use your senses. Grow your stack!
Which machine did you buy, specifically? If you don't mind my asking
@@richmendelson8194 You prob want the pro if youre going to buy one, The original has some quirks and you have to get to know it.
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Where do you get that tool to hold the coin? Is there a link? What's the name of it?
Hugely informative. Thanks!
Even if you have bad hearing, you could probably record it with your phone and check the frequency in the recording using some kind of app.
knowing the tone for gold buffalo and maple leaf would be nice
Great information for anyone buying from anything than a reputable dealer. Also i think the type two silver and gold eagle design is ridiculous. Really how hard would it be to file off 1 Reed.
i own a 1794 silver dollar
Expert offered me $76,000, cash i told him that was low offer
I think its worth alot more for a CC ms 64
I told him i wont go lower then $685,000
Greetings from Irvine Ca🤑
Actually it’s the opposite, gold in China and Japan is more expensive than US, almost 10% more, and it’s illegal to smuggle gold or any kinds of precious metal out of China, if it weighs more than 50 grams. And Chinese central bank is keeping hoarding gold for more than a year just in case if war broke out with US.
Thanks Silver Dragons...
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New Peace dollars are 99.9% silver but only 0.859 troy oz of silver
Yes, They likely have a different pitch. Don't ping one of those
Grow your stack!
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Should not even have to ping it...play the tone and the coin should 'sympathy' vibrate...please correct me if I got any part of that wrong..always try to save room for more knowledge.
Love🎉
A pitty he had no fakes for pitch comparison.
I imagine many of us in the liberty-movement, when we see someone in Portland (OR), we wonder how they can live there. But Harry's is in a suburb of Portland. I'd like to know how you find conditions in general there Dragon.
If somebody buys a fake coin without knowing it's fake and then tries to sell it, that doesn't mean that person is a criminal or a thief. My mother bought a gold coin years ago at a pawn shop and I just recently tried to sell it and it did not pass the sigma metalytics test. So now I need to find an XRF machine to find out the real contents of this coin.
If you watch some older films/TV shows, you will notice that when people received a silver dollar, or something similar, they would flip it up in the air with a nail strike just like this gentleman did. It was a simple way for everyone to be able to test whether or not the change they received was authentic.
The kinda of cats thinking they can flip over an honest business is just outlandish to me. Still many suckers bite, I bet. Shame on those business practices.
For me, toning is rust. No thanks.
Possibly useless trivia: 1 oz gold eagle rings the same as a 1/2 oz silver aztec. (They are about the same diameter, and thickness)
I prefer junk silver... I believe silver coinage will go back into circulation (toning don't mean squat)
The toning could keep getting darker until it gets black? I doubt it is long term permanent.
I think its your great personality that makes me return for other videos! keep up the good work silver dragon!
Why isn’t the Secret Service and us treasury thwarting 1:20 the counterfeiters ?
Secret service is only concerned with counterfeit US currency. They don't care about "replica" Swiss gold bars.
@@Portlandpreciousmetals but the title is “avoid fake gold eagles.” I got burned on fake ASE WITH A TOO GOOD TO BE TRUE DEAL.
This fellow doesn't look poor enough not to turn on the heating, so why is he wearing a hat inside?
Just a guess: Doesn't like showing his baldness. (I'm fine with baldness.)
Some really good painters, tape, and Tupperware with a few hard-boiled eggs smashed up, would do the exact exact same thing to that Morgan Dollar
That would be considered artificial toning. I have tried that and they just turned dark. Ruined a nice Morgan. Its a waste of food too.
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@@Portlandpreciousmetals well, it’s not to do on very high-grade Morgan dollars but it is a fun project to do with your son to get them into coin collecting. If you find a cull Morgan silver dollar and it does not work well on Peace dollars. Now the cull Morgan Dollar needs to be cleaned well with cream of tartar gently and a little bit of water, and then it needs to be etched with your preferred method of etching a metal. This could be anywhere from hydrochloric acid for a second to rubbing alcohol. Make sure you don’t touch with your fingers after it has dried. The older, the eggs, the better. In the sealed Tupperware set up some kind of a stand for the Coin. An old fork turned upside down works great, because the dollar fits right between the tines of the fork. On the other side of the Tupperware, smash the egg up after it’s hard, boiled and have it face whichever side you’re wanting to get the tone on the most. do not leave it in there very long at all. It will start reacting immediately. If it’s longer than 10 minutes it probably will be black or brown but one to two minutes you’ll get beautiful blue and some rainbow colors. Some of the Morgans do this wonderfully some do not it all depends on the Morgan to begin with. You do not want to do this. If it has the original striking layer on it this is just a fun project for Morgan’s that have been in circulation and are bought at melt value. it is artificial however, many of these are on eBay and they pass every day as real coins. I hate that people fall for it. I don’t sell on eBay but I see it all the time. It’s just for fun.
@@Portlandpreciousmetals also if it gets ruined, just use the cream of tartar gently and it’ll take it right back off. This was not recommended for like say an 1884S in mint state 64. This is meant for Morgan’s in the realm of details to VF 20. A 1896 Morgan, you can get for a good price that’s been circulated will work perfect
@@swfzpbzdolvr oh, really what do you have?
Do you have any 1893 or 1895 Morgan's for not gold prices
these dates are usually worth more than an oz of gold.
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@@swfzpbzdolvr do you have these
@@davidsenia1252 Not currently. Ill message you if we get either or both
If it says 50 dollars on the coin, you should confiscate and call the police, it’s counterfeit like a fake $50 bill. Get them off the street.
Just because someone has a coin that doesn't pass the test doesn't mean they're a criminal. Lots of people get sold fake coins and unknowingly try to resell them not knowing they're fake. No need to get the police involved. If you were sold a fake coin and you tried to resell it would you want the police arresting you.
I wonder why he has a sticker covering his camera on his laptop 😂
You don't?
Hackers
Not sure if this was in the other comments...but what's being described from 6:39 (going to one country to buy and sell at another for higher): the term for that is "arbitrage." That's actually a thing in finance or even in real life. You make $100k in California and take that same $100k to Missouri (for example) where cost of living is cheaper and that $100k goes farther.
I'm not sure if arbitraging is a thing in precious metals (I doubt it.) If it were, it would need to make sense financially.
It is. Shanghai prices on gold and silver are higher than New York because of market manipulation in the West. There are people doing the arbitrage play on precious metals.
Thats art, some like it some dont.
AMPEX?
I'm sure you know this is where the phrase "sound money" came from.
Is a 100 OZ silver engelhardt w/serial collectable?
Is the thing he's calling AMPEX actually APMEX? Either way no one should ever say NEVER.
I bought Engelhard silver bars 1982 - 1984.
Why does the 1 oz krugerrand sound different from the 1 oz eagle?
When they started minting the eagles, they "copied" the krugerrand. Same alloy, same size, same thicknes...
they are not the same alloy nor are they the same dimensions. Krugs have more copper and Eagles more silver. Grow your stack!
@@Portlandpreciousmetals
Really? I thought they were identical...
Stack is growing😊
What about the gold buffalo coins?
He mentioned that pure gold coins tend not to ring so much. Plus, I’m not sure you’d want to hit 24K gold, you may leave a dent
The buffalo is a strange one because for some reason the coins are not the same thickness around the circumfrence of the coin. If you look at the rim and rotate it you will see that it is most always thicker on one side. I am sure this affects the Pitch and would not be a consistent method of testing. ALL authentic 1 oz gold eagles will produce a pitch of 4498hz. Grow your stack!
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There have been gold eagles in slabs from China 🇨🇳
Can't remember if it was one of SD's vids or another I saw, but there are folks out there making fake slabs/coins, but researching enough to use CORRECT serial/bar code numbers, so that when you look the coin up, it's the correct year/grade of coin. Scammers are using all available means/research to pass off faux products; it's damn clever on their part, but horribly sickeningly so. Imagine if such cleverness was used to do some form of honest business instead of hustling the public.
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