Fake Silver, Gold and Coins at the Coin Show with Doug Davis!
HTML-код
- Опубликовано: 28 июн 2021
- While at the Grove, OK Coin Show I interviewed Doug Davis who is one of if not THE most well known anti-counterfeiting voice in the Coin and Bullion Community.
Doug is the Founder of the Numismatic Crime Information Center (numismaticcrimes.org/) and the Director of the Anti-Counterfeiting Educational Foundation (acefonline.org/). Doug had tons of insight and information into the increasingly bad Fake Coins, Fake Silver and Fake Gold problem that Collectors and Stackers as well as Dealers themselves have to deal with all the time!
This is probably one of my favorite interviews on the channel and I hope you like it as well! Be sure to leave a comment below and let me know what you think!
▶ Support the Channel and become a Member! bit.ly/supportss
Check out these Epic Links Below!
_________________________________
▶SUBSCRIBE! bit.ly/2Pa3y0n
▶INSTAGRAM! / coolstax
▶DISCORD! / discord
▶My Website: www.coolstax.com/
▶My Patreon! / silverseeker
▶Disclaimer: coolstax.com/youtube-channel-...
________________________________
Credits:
Fake Silver, Gold and Coins at the Coin Show with Doug Davis!
• Fake Silver, Gold and ...
#FakeCoins #FakeSilver #FakeGold 
Хобби
Once upon a time, copying another countries coin was a declaration for war. How times have changed!
China drove american troops out of guam Biden is gonna retreat up into his ass. Nobody is protecting america and american interests.
When to think about the time and effort to make such forgeries, this has to be done at a massive scale. That's something that isn't easy to hide, so this has to by done at a high level, maybe even state sponsored.
@@garethevans9789 agreed
Counterfeiting coins is the least of it. Unfortunately we have no real leadership to respond.
When the outcome is worse than death, wars are fought with other means unless one of the parts is fool enough to engage in physical violence.
The war is already on.
Maybe the mint should be selling to regular taxpayers and NOT the dealer houses like they do now
No sh. Ya think!!Oh not thats too obvious a solution; it has to be something more complicated for sure.
@@billmaxwell3636 Not complicated at all.
@@beebob1279hopefully he was sarcastic
You can't buy directly from the mint?
In Australia you can buy directly from the Perth Mint.
@@archygrey9093 I know that. This is why I made the comment. Get rid of the gold and silver houses and let the consumer buy the silver, gold and other metals at price instead of inflated prices. That's my point. Why should I have to pay over because of commissions.
I was at coin show in Dallas and checked a sellers silver dollars, I drew a magnet across them and it picked them up. The guy told me to hit the road.
Should have found the show director or whoever was in charge and let them know.
Should have started yelling SHENANIGANS!!
@@Brett_S_420 Agreed...but I doubt he had a broom with him.
Should have brought one, filmed the exchange and then called the police and have him charged with fraud and passing counterfeit currency!
Great interview! Doug is the real deal and very approachable if you ever see him at a coin show. He has many, many friends in the business!!
10% for the big guy
Joe Biden's face on counterfeit coins...😆😆😆
I have a whole bag of Biden coins. They look just like him, and I keep them in my fridge in a bag labeled "Potatoes".
Got to pay the big guy...!
Trump, the grift goes on...
Trump is a TRAITOR that had been PROVEN to have DIRECTLY RECIEVED BRIBES/SECRET MONEY in SECRET CHINESE BANK ACCOUNTS THAT HE NEVER DISCLOSED. If you STILL support Trump after his fascist coup attempt on January 6th, YOU ARE JUST AS MUCH OF A TRAITOR TO AMERICA AS HE IS!
There is about 250 counterfeit coin websites being monitored, which means there is probably a lot more. That is scary. We have to be careful when buying coins.
$FSM
That’s why i look for Coin Shop Dealers on EBay
then visit their WebSite Online and Call to Verify them.
And try to get a better Deal buying Online vs their EBay listing.
probably thousands more on the dark web
@@davemi00 smart
@@constantinek9223 lol
Good interview..wished you asked “has the Secret Service recently procecuted anyone”. I haven’t read of any arrest.
Good question
I hear they're starting riots and stuff. Wait no that's the FBI lol
Most of these folks are in other jurisdictions that are not likely to cooperate with the US justice system. You may foil them at some point but you won't get actual justice. "Excuse me Mr. CCP, a group of your citizens has defrauded some of my citizens. Oh, Mr. US! I am so sorry. Please accept this bag of my personal tears as recompense." :-p
Secret Service, LOL. All Government agency's are criminal organizations. Sad thing is the average person thinks the Government is there to protect them.
@@markkulyas2418 true they are at the highest level, But rank agents are extremely professional. The SS watches the $$
Fascinating! Thanks so much Seeker for bringing this gentleman and the important work he does to our attention.
Yeah yeah, we know they’re out there. HELP US TO IDENTIFY THEM.
He did,if it looks too cheap is a faker
Reminds me of the time the Feds gave China some gold from Fort Knox and when the Chinese government tested the gold it was mostly Tungsten flared with a thin layer of gold 😏
These counterfeiters sound like amateurs when you compare them to the US political class with help from the Federal Reserve.
We've been using counterfeit "money" since 1913.
Fed=Fake Money, DTCC=Fake/Naked Shares, Comex=Fake Gold /Silver ....enff said
This is why I own some bitcoin too.
Ass-Backwards. We're being robbed by the Feds, with help from their well-paid Poly-Tick shins...
End the Fed
It would be cool if he and his organization had a RUclips channel. I mean, he could have 200k subscribers in less than 6 months especially with the backing of all the awesome YT personalities from the coin community. Great interview!
Thank you Mr. Doug for your work in anti-counterfeiting and in law enforcement.
Thanks for the updates and for staying vigilant.
Excellent interview, thanks so much for sharing!
Yeah, I'm reaching out to Doug tomorrow. Thank you for sharing this!
Would love to see them put a stop to most of this!
sad thing is all this counterfeit gold and silver cruises right through customs
Great interview! I could listen to that gentleman talk all day about their procedures lol. But I’m a geek like that.
This is exactly what I have seen on RUclips ads! I almost ordered some supposedly at 50% off.But then I thought
Thanks so much! I only buy from the big online dealers and this interview reminded me as to why I do!
I wonder how honest those ‘big’ online dealers are?
@@beebob1279 Like the man said, they can't check them all and occasionally wind up with some fakes. Some they don't even catch and sell to the public.
Thank you for posting this video! Fantastic eye opening information!! ⭐️⭐️⭐️⭐️⭐️👍
Who the Hell would downvote this video? This video is so informative, and this interview should be seen by ANYONE wanting to buy Silver (AKA real money)
Great info for a newbie like me. Thank you for the great interview Seeker!
Great interview!
Thanks Doug Davis and our man Seeker
My brother in law bragged about buying silver blanks ( something of that nature) for spot. I told him to be careful with that kind of buying because it’s too easy to counterfeit. He’s somewhat of a BS’r and said he knew the guy. It was an internet company so he didn’t know them from Jack.
I’m guessing he got taken and doesn’t even know it.
Thanks for the alert! The way he talked about how China wants to discredit the US dollar makes sense. China is also buying up ton of silver & gold. So, lets turn the tables and post more about the counterfeit money coming out of Asia.
I'm sure it was not a good idea to sack their emperor's palace and flood them with opium.
Those peoples always get their revenge.
@@benoitbricet8885 should we tally up all the rights and wrongs of every country against every other country?
@@strangevisions5162 Yes. It would be staggering and, as someone said, grounds for war.
For silver, there is no other metal with the low resistance or high conductivity of pure silver. The best test is for magnetic induction shunting which measures the ability for a coin to shunt an AC magnetic field. The moving field can be either a moving coin over a fixed magnet refereed to Magnetic Slide Counterfeit Magnet Test, or an induction based test. Due to the hardness of silver, it rings when struck. There are tests for the pitch of silver coins when dropped or struck. Softer metals will not even be close in pitch. Many are afraid to hit a coin to avoid damage to the fine surface of un-circulated coins. There is induction testing that can use a magnetic transducer coil to ring the coin without contact. These can find the resonant frequency of coins in the package. These are not very common as many types of packaging dampen the vibration and reduce the response in the package. However the frequency of the ring is important for validation. I have considered building validators for coins due to the cost of most validation equipment. Not sure how much of this technology is tied up in patents or copyright, which is why I have not built and marketed any yet. Building one from scratch using normal physics may impede on someones copyright or patent. Not ready to go broke on lawyers. My design one from scratch and open source the plans, much like the Open Source VNA Nano Network Analyzer.
Maybe you should write this former cop at their website address and ask him about your plans and about said copyrights. They should have good information for you. God bless....
A good metal detector and a way of moving the coin at a controlled rate and distance across the coil could be a very reliable method for testing, might need to develop a table of values for known good coins to compare. You might be able to use a relatively cheap detector to do the job.
@@laserflexr6321 Much less complicated is an electromagnet solenoid coil driven by an audio signal generator. This creates the same moving magnetic field on the coin, and the current induced in the coin directly imparts current in the driving coil. Current drawn by the amplifier is measured to see the resistance of the metal. High frequencies see the skin of the metal, and lower frequencies see deep in the metal to expose tungsten with a thin gold wrap for example. If swept in frequency, the ringing frequency of the coin or bar will show up as a tuning fork. The test quickly identifies the clear ring of silver and shows the non ring of non ferris copper, brass, etc in place of silver. There is a reason silver was used in small bells. There is no counterfeit silver bell with the same clear tone.
@@isettech You clearly understand the art, but White's, Fisher, Garret, Minelab, Tesoro and others have already done the heavy lifting on coils, mosfets, a/d decoders, signal analysis etc just add a controlled speed conveyor to an off the shelf metal detector for a precision, repeatable measurement, and if you develop a testing routine, you will have certifiable testing results. I have an old MXP that if it says it is a penny, (76) it has every time been a solid copper US penny. Would be even more certain with the same surroundings every time. The mechanics of the coil, the coil driver circuit and the receiver circuit are not too complicated for a person with reasonable understanding of electronics, but why reinvent the wheel? Make a fortune on the application and help ID crooks as a public service. Make all the coin shows and clean up. Goo fer it!
@@laserflexr6321 Not looking forward to fighting all the patent trolls who think they can patent physics and it's application to metals. That is the real issue. Put something out there and someone will claim prior art and a patent. The theory for sending sound down a wire is physics, but the patent was held by Alexander Graham Bell. I'm sure induction coin validation, an application of physics, will be tied up by the patent holders.
And with this current Administration being friendly to China oh, I think this counterfeiting issues going to get far worse
Leave out the bias. political comments as it doesn't pay to call names, ...frankly...haven't we had enough of that? So given that....it doesn't make any difference who is in the WH...the counterfeiting will continue anyhow, right? So wise up a bit now
@@jlehmann7477 It does actually pay to call things out as they are - especially corruption. For example, the /rwallstreetbets crowd and Gamestop, is a good recent example of calling out corruption in the market. Also, let me call out your hypocritical post for wanting someone else to remain neutral, while you get to end it with a biased (look I don't have to abbreviate 2 letters) and negative, "So wise up".
I love Ads selling 1794,95 or 1804 silver dollars for 20 dollars. Catch the people, take a 22 caliber behind the knee.
@@jlehmann7477 He's not wrong.
@@theincantrix1144 where is the corruption in shorting a company that deserves to be shut down? The crowds a wsb pumping this type of investing are the corrupt ones imo. Let's blame the president that's been in office for only 6 months and China for all the fake coins at coin shows. Never mind the Americans that order them from China with the intent to scam other Americans the previous 4 years.
Really appreciate this video!
Excellent video. I really appreciate the information.
What flooding our monetary system (sadly) is genuine money printed by the fed.
IOU’s aren’t money, they’re just a cheap promise to pay you at some future time for a hamburger today. Silver coinage is the only lawful legal tender in America when minted in the US Mint. As always it’s Buyer Beware.
You can’t pay a debt with another debt and get out of debt, but we think so.
I don’t think so. Debt is the death of countries
They don't print money... they print fiat notes of debt... the only constitutional money is designated by the constitution in a quantity of gold and silver.
@@TalkingGIJoe i'm sure we will make a move back to the gold standard but gold will be 10,000$ an oz by then
Very interesting interview. Thank you
Great interview Silver Seeker I have found fake silver and gold at garage sales 95% of all the gold and silver on our channel comes from garage sales jewelry is even worse I've only found a couple of fake coins it was great meeting you see you soon my friend ✌✌✌😎
Great info and interview.
What a great interview! Thanks for posting this! Always good to be up-to-date with info like this.
Very interesting. Thanks for sharing Seeker!👍😎
Sounds like China imports. Again. Very educational for the new stackers. Old stackers should know this but every once in a while we can get snowed too, if we don't have are guard up.
Cool interview Thanks Seeker!
That’s so awesome 💪😎👍thank you for sharing
Circulated Constitutional Silver is the way to go.
They make that too...
@@GardenerEarthGuy So you are saying that they are counterfeiting circulated dimes, quarters and halves? If you have any additional info in this regard I would like to see it.
@@hughjohnson4071 I can tell you that I have personally found a fake Walking Liberty half dollar. I got it in an ebay lot. I know my silver quite well, so I instantly knew it was a fake. It was the only bad one in the lot. The seller probably didn't even realize he had a fake in there. I would be surprised to see any fakes of common quarters or dimes. There wouldn't be much profit in it. The "quality" isn't that great on the fake I found. It may have been created when silver was close to $50/oz. It's important to buy from a reputable source, but equally important to be familiar with what you're buying. My LCS once sold me a couple pieces of "sterling" flatware that was only plated. He hadn't scratched deep enough when he acid tested it, but as I said, I know my silver. After I got it home and took my magnets to them, I knew they were fake. They didn't stick to the magnet, but they just didn't react to it the way silver does, so I knew they were only plated.
@@Mike.L. I saw a video a few years ago of a factory in China producing 90%. They even had a tumbler with wash to give them the circulated look...
Reagan said it years ago-
Trust, but verify....
@@Mike.L. Thanx for the thoughtful reply.
Very insightful hoping I didn't pick up any bad ones at the show. LOL you never know awesome material always glad to learn
OUTSTANDING video, one of the best yet concerning fraud and what can be done to prevent it.......thanks so much for doing this one....it needs shared by everyone. BTW....whats up with Rob photobombing at 20.30.......smh.
Great video! Thanks!
People gotta know the basics of PM’s. That would take care of a large number of bad purchases. Like any industry, gotta know your stuff. Experience is key! Great interview
Seeker. You always have great info and this one doesn't disappoint. Very interesting interview.
Great Informative Video. I think I have many "Henning" Nickels. How can I get them assessed?
Great information and interview~
Lol, best strategy is to buy 25-year shelf food, a hunting rifle with ammo for fresh meat, water filtration, survival equipment and forget gold or silver.
Hell yeah man. I been saying that too.
Wow ! Great Heads up! My question would be is a number of video's on technology to ascertain besides weight and sound and magnet? I saw the ones on those but, are there others? Also flea markets and antique malls have cases where old coins and old jewelry are sold. Do those malls or markets know the individuals who are sell coins or jewelry are on the up and up? It's never apparent to the buyer who those people are, except there may be a booth number marked on the receipt. How is there a way to get back to the person who rented the booth to sell such items? It could very well be a dealer who has a booth or it might not be a dealer but, just an individual making a buck off folks.
At 19:50, When you asked Doug about an NFC scan, I couldn't catch the first acronym. What was that?
Thanks, good info. These counterfeits are everywhere, ads even on YT!
thank you for posting .important topic
Great info. Thank you.
I was on a small internet forum, and during the silver panic a few months ago, these clowns would post their shady bullion websites. They had lots of silver, at low prices!
Always look a Gift Horse in the mouth! An old piece of advise, but so true!
great info and interview
Great information!
Seeker! Glad you had a good time this weekend!
Nicely done informative without a lot of jargon
Thanks for the info!
The problem is when we go to sell our coins, we may have problems getting ride of them. That is why i like the new coins with some anti counterfeiting measures such as the Britannia which is on sale.
Sunshine bars have anti counterfeit measures.
I bought a silver Britannia and a silver Krugerrand from Bullionjoy on Amazon, how do I know if they’re fake? They both look legit and aren’t magnetic.
@@Rajamak by exact weight, they haven’t figured out how to match that…yet.
@@kosmow2013 thanks.
@@kosmow2013 I always thought 1 of 3 things, that they where either the right weight and thickness but then the diameter is wrong, right weight and diameter but then the thickness is wrong or the right diameter and thickness but then the weight is wrong. They never can get all 3 right as the density of the metals is different.
Why do professionals assume that everyone understands their specific market acronyms,, when many of us don't?
an hours worth of reading will cure your ignorance problem.
@@Geeios1 At law school we were taught to use plain English and not assume that people understood the legal lingo. Perhaps other professions should follow this simple advice.
@@chyfields Lol, if the bastards before you kept the simple law of right and wrong at a common sense level, you wouldn't have a job. At law school you were taught how to usurp the law for money paying clients.
@@Geeios1 I know!!! Then again, without stories of the past, like that, you wouldn't have had the material to comment.
Yep I noticed a lot of ads for silver coins popping up on FB lately.
Wait ! Don't the "Fact Checkers" Flag 'em .....??? HA! HA!! HA!!!
@@sirpercival4731 No. They don't care about fake stuff . Just true stuff.
if you join a metals group they monitor the members, if a fake is sold they are kicked out right way and many are spotted as soon as they post a fake sale. many sellers in the groups have a long history with many good references from fellow members as good sellers, but I still buy right now only from local coin shop after a sigma test.
Great show!
That was so interesting! Thank you so much for taking the time to do that interview for us. I'm a new collector and that helped. The only part I didn't understand was all the initials. What is ACF, NCIC, NCIF. Not sure if I heard those correctly.
Those are Law Enforcement sites officers use to run checks on businesses and people. Officers are encouraged to make complete reports listing who, what, when, where and how then upload them.
I know this is 6 months late, but that other reply is not correct. NCIC is commonly known as the National Crime Information Center, which is what he described in his comment. In this video, NCIC is the Numismatic Crime Information Center, and ACEF is the Anti-Counterfeiting Educational Foundation.
Great interview, very scary.
It's only scary because they don't tell you that specific gravity, diamagnetism, ultrasonic testing, and ring testing are dirt cheap and extremely reliable when you try to use as many of them as possible.
Thank you sir. I had no idea, wow.
It's good to know that there is people out there trying to take these guys down. Thanks for the insights seeker 👍
Anytime and thanks so much for watching!
Does anyone know if JM Bullion & Money Metals are reputable? Thank you
Yes and Yes :)
@@SilverSeeker thank you very much!!!
Great Video Seeker!! Thx Doug!! JJ
Thank you for the information.
Is money metals exchange reputable or have they had any counterfeit?
Yes they are. I've made a few purchases from them. So is bullion exchange. Sd bullion. Apmex, Pinehurst coins. Bullion sharks.
What about using one of those "Ring" gadget on the coin to make sure it has proper sound when buying at Shows??
Download the app for pitch test. google play store have them.
What color after he tested did he say it was?
How reliable is the ping test? I hate to have my eagles checked and marked up
Extremely reliable for Eagles and Maples if you use the bullion test app on Samsung. These cheap copper coins have no chance to beat that test. Everyone like to make this rocket science with the Sigma tester. Sigma can confuse copper and silver, but not the basic ping.
Great video, Thanks
Does anybody go to jail and get a heavy fine when they get caught?
THANKS, GREAT INFO!!
It really stinks because getting good buys at flea markets and garage sales are one of the fun parts of it all and when there are so many good counterfeits out there...of even oddball stuff like 2 cent pieces. It also makes it harder to sell person to person. Do the counterfeits correspond to a VAM, such that if you check against the existing vams for morgans, or breen varieties for half cents, or etc, that 1807 coin will actually be a variety 7 of the date, or do they generally not correspond to any vam and can be detected that way?
A few months ago when the silver shortage was going on. I ordered some "silver" coins off of facebook which turned out to be fake coins. They came from china. I was lucky to get most of my money back from paypal.
Fascinating interview!! Might have to break down and get that sigma.
Me too!
Got one on the way
or check with a LCS to see if they will let you use their sigma.
@@David_Quinn_Photography my lcs tests for me but it would be too late at that point
They are a rip off right now due to a lack of inventory. Perhaps once things cool down I may consider, but for now I just use the LCS.
It's not just coins. When I was thinking about making jewelry in a more serious, business way, I started looking for silver chains and findings. I found some really cheap ones coming from China on E-Bay. They say "pure silver" and "marked 925" but when you question the seller, they will admit it is an alloy. I reported the listings to the government and E-Bay because that's illegal, but there were so many it would be a full time job to report them all.
Wonderful, thank you boss
Is there any equipment available to validate gold and silver coinage, bars etc? That would go a long way for customer’s confidence.
There are definitely tools out there yes, I've covered a few on my channel even
That was great thank you thank you so much
Is Bullionjoy via Amazon a reputable seller? I bought a silver Britannia and a silver Krugerrand from them. They both look legit, have certificates and aren’t magnetic. How can I tell?
There are many tests you can do at home.
Best one for you since you’ve already tested with a magnet,
Check the dimensions of the coins with a caliper and a scale. If the dimensions and weight meet the mints specifications they are good.
The way this is working is you are effectively checking the density of the material, without having to converting it to a g/cm3.
Coin grading & certification should be made compulsory. Technology can be used to make grading & certification much cheaper.But grading costs do need to be reasonably affordable.
Thanks Doug !
I have several fake coins and goldbacks. What should I do with them?
Fake goldbacks?
Keep them. I buy fakes, if reasonably priced, on purpose to use them as a cross-reference tool when buying the real ones. I love secretly knowing and having fakes, it keeps the scammers guessing. 😉
@@svenbruder9977 Yeah, they just showed up in the mail stating that they were minted at the US Mint.
@@svenbruder9977 Yeah, They showed up in the mail along with the coins. They are supposedly mints by the US Mint.
Our own Gov. has destroyed and will continue to destroy rare metals
Can we get the details of a countermark expertise?
Take a neodymium magnet to the flea market. See how the sellers react. Great video.
I'm starting to think that most of these people that YT channels advertising gold and silver online - telling folks buy gold because the economy is gonna crash are in for a big surprise - they're probably pushing fake coins and slabs and have no idea that they're doing it.
@@marivelramos4640 the reason i bought all my coins via my jeweller and he via the mint offices,nothing of the internet
@@marivelramos4640 You say this as the economy is in free fall and real inflation is showing up every where????
@@lowbudget1661 very good.
@@richardgardner6988 no, just that we have to be very careful. Inflation is the order of the day. At the same time, a little care goes a long way.
Don't buy coins or watches in Shanghai China or in an empty alley!
Don't buy half priced Shanghai, gold plates slugs
Thank you seeker!
Wow very eye opening now i am kinda worried if i could have gotten any fake
20:38 - who's that guy??? LOL (interview bomb!)
My coin dealer take a micrometer to the size of the coin and he weighs it if he thinks it's counterfeit then he looks for specific mint marks upon the coin nothing gets past Rob L. in Wichita Kansas, nothing. He will do gold tests too
You mean a Caliper? How does he test Silver Rounds and Bars that don't have a specific diameter and thickness?
I used to have a website saved from 10 years ago that was in China and sold tungsten blanks, coin and bar blanks....dip in gold and the only way to tell is drill it.
I only buy and sell with JM Bullion. Reputable dealers.
Same here.
Excellent thank you
Great infirmation
Doug, do you use X-ray fluorescence spectroscopy to prove the coin is silver or gold? Also, work out the density from D = M / V. Obtain M on a top pan balance. V = volume of a cylinder = 3.142 (pie) x radius squared x depth. If the numbers don't add up, its fake. If you take possession of the physical metal, even with a certificate, carry out your own tests.