I keep a handful of fakes in a drawer with a few fake gold eagles and old credit cards as a decoy incase I'm burglarized. Really it's the only good thing a fake is good for. Thanks for the video!
Please pay attention to the video. I DIDN'T accidentally purchase these! I am a coin dealer and they came with a collection someone sold me at my coin shop. I took them off the market. My Coin Shop Website portsmouthcoinshop.com/ Buy the book! ebay.us/wJ2MV9 800+ Videos ruclips.net/user/CoinHELPuvideos
I am sorry if you misunderstood me... I just meant why would you buy the whole collection before testing it all out... but all is well that ends well...
@@Dakiniwoman I didn't misunderstand you, you misunderstood me. All the collection was good, but they included these fakes to get them off the market. I didn't accidentally buy these or lose money,
Those 1881 fakes may still be for sale for $1.91@ on America's biggest online seller. I'm still trying to figure out how counterfeiting laws are avoided. Using the claim of "magician coin" is quite bogus.
Having been a collector for nearly 50 years, I can usually spot fakes pretty easily but some of those morgans were good enough to fool someone without much experience or knowledge on what to look for. Thank you for bringing issue to young or inexperienced collectors. Just as you've said countless times, if it seems to good to be true it usually is.
I have a few coins that my dad collected back about 50-60 years ago. He would get mad at me when I was a child. I used some to buy candy. I could kick myself. What is a ping test?
Just started collecting recently. Glad I found this channel and other channels like it. I probably would be fooled by the look of the coin but with videos by CoinHELPu and other channels I now have the tools to help make sure that what I buy is authentic. To answer the question what is a ping test, silver makes a distinct sound when hit. It is unmistakable once you hear it. So a ping test is a test where you hit the coin with another coin or a little piece of wood to hear the sound it makes. There are many videos on RUclips of what that sounds like when it’s real if you’re interested. Luckily I haven’t run into any fakes yet but I imagine I will eventually.
Few years back had someone try to sell me an early Bust Dollar and Trade Dollar, only $500 for the pair. What a deal!!! The problem? The Bust Dollar had a reed edge and was dated 1878. The Trade Dollar was dated 1798 with a lettered edge. Reminded me of the guy that got busted printing counterfeit $20 bills back in the 1980's. What gave him away? He put Lincoln on the bills.
@@tims.449, Try this. Get you a 1964 or before quarter and few quarters made after 1964 ( clad). Drop a clad on the clads and listen to the sound. Then drop the 1964 or before quarter on the clads. Notice the silver will have a higher "ping" when it hits the clads.
You are an amazing person Daniel! Honesty, blunt truth! I respect nothing more than that. Accept the fact that you're extremely polite about it as well! Cherry on the top is THEE BEST!! I cannot thank you enough. Everything I have learned is SO much to take in. You make it simple. Just the way I'm sure we ALL can appreciate. Standing ovation Daniel and Mrs. Ty❤ I'm "still" binge watching. 🤣
I am not digging some of the complaint comments here. This is a share and a social media coin ad warning and not an instructional video on counterfeits. I never made an claims that it was. Here's is my playlist for all the counterfeit ID videos I've created for everyone. I even created a follow up video to this one, so check my channel videos. ruclips.net/p/PLku4wL94a2MNwkCXGCiGBQmY9XZQyVo4i Instructional video for counterfeit coin ID ruclips.net/video/L2zki9Row_4/видео.html
Yes sir I thank you for helping get this important information out there. I once bought a 1921cc Morgan dollar from someone who knew nothing about coins and showed him the Red book how China made that coin US mint never did. Just gave him $5 to have a fake. Use it as a learning tool. Thank you again for ALL you do!
Wow! I'm new to this only 3 years at it and this video put a scare into me. REALLY, I suppose I trust people way to much...I see myself in my mind buying these coins. I know people can be bad and that it will continue to get worse, but REALLY...that is a boat load of coins. Thank you so very much Daniel for bringing this to our attention in such a massive way. My heart goes out to those honest people who get ripped off by someone who, who...I don't know the words to use here. God bless you and your family of watchers of your channel. Blessings, Louis
The 'scary' ones are counterfeits of higher quality. All series, virtually any date and mint mark seem to be showing up these days, some of them rather well made. The old time adage was _buy the book, then the coin._ Still true, but now there are also useful websites such as this one to view and from which to learn. As with most other purchases, _caveat emptor._
I started buying halves a couple years ago. I soon after became paranoid watching videos about counterfeit coins. I quickly learned all the ways to check for counterfeits, and there are a few. There's even a Ping Test app for your phone that works well. Just don't trust any one test to be conclusive.
I picked up a fake Maple Leaf from my local coin shop last year. Took me about 6 months to realize it. It was sold in an air tite capsule so I never bothered taking it out and testing the ping. Luckily the shop replaced it but the old grumpy owner denied I bought it from them even though I would go there every weekend and spend atleast $100. I didn't get angry or anything with them but you gotta be careful out there. Even trusted sources slip up occasionally especially with how crazy things have been. God bless
@@aaronrichards19886 It sounds like that coin shop owner tried to put one over on you. I guarantee he has a Sigma Metalytics tester and he tested that coin when HE got it. They can test coins in a capsule. If you buy from him again he should have no problem testing coins in your presence as a sign of good faith. if he's legit.
@Ken Smith If you drive a car, you're relying on technology. If you go to a doctor or dentist, you're relying on technology. The computer you responded to my comment on IS technology. It's one thing to use technology blindly and another to use it knowing that it can fail, and other ways of doing the same thing.
Personally I would either stamp them with the word "copy" or better still, destroy them completely. As soon as you started dropping those coins together, the sound was all wrong. The hobby is drowning in a tidal wave of fakes at the moment. Buyer beware!
Its a shame that people still fall for the ads on facebook and on tv hopefully everyone stops buying them and put them out of business thanks again Daniel
Great video. It's a shame there are so many crooks out there, but there are. The sound test with the Morgan's was a dead give away for me too. And using a scale and magnet also great tools. You can buy a decent digital scale for less than $20 (probably less than $10).
You know what I really really love about you and it really stands out is your integrity and honesty that's two good qualities that are very hard to find nowadays
My brother was buying a set of "Million Dollar Silver Dollar " collection. I believe it was a very reputable company. Every week they sent him a box of 4 coins for $35 or some figure. He had about 20 of the blue boxes in white sleeves. Very professional. I told him they were fake. He disagreed. I looked them over and they all had a designation "COPY" in very tiny letters. It may have come from a claimed USMint company. My brother was very upset at me for showing him that they were fake. I'm sure that there are thousands of other people who fell victim to this scam.
Don't really need or mean to reply. I just looked up "Million Dollar Silver Dollar" collection on a random search and these are for sale by everybody. I think they are processed by a real reputable company.
I used to buy and sell silver in 2009-2011. I came across two different characters(that's the nicest thing I can say about these mfers), that tried to sell me a boat load of Morgan's. They were ALL in flip holders. I took one out and looked at the RIM of it. You can see a faint line from the casting of these counterfeits, not to mention, they ALL LOOK EXACTLY THE SAME in color, wear etc. Do yourself a HUGE favor. Go to a reputable dealer and buy some real ones, and if you decide to take a chance on Facebook or Craigslist, bring the real ones with you along with a scale.
I report these counterfeits to Face Book all the time. The sellers just change their company name and register with Facebook and continue to sell this crap. I guess their "Fact Checkers" are lacking in this department ;)
@@goldeneye70 Because for the price they're asking they're most certainly counterfeit. Trying to save some suckers money and keep the counterfeits from circulating.
@@TheRealSiberD I have been doing that too, there is one company that keeps popping back up with a different name but when you go to their site the address and phone number is always the same! I Call the number and ALWAYS get the message the number has been DISCONNECTED or changed their address is either out of Ohio or Texas! Also I usually post on FB to BUYER BEWARE and Try giving them a call and post the number 😡 I feel Into the trap ONCE bought one for less than Silver was at the time! When I got it it was a PERFECT looking coin BEAUTIFULLY Polished and weight was close but when I turned it over the heads and tails were both facing the same way and that is what caught my eye grabbed my Magnet 🧲 and it stuck like Glue😡
@@goldeneye70 You don't think they should be reported??? FB is so CORRUPT and full of fakes ripping people off and FACT CHECKERS seem to over look them, I guess it is a LIBERAL Thing😤
These fakes are coming out of China. I have mentioned it to the main auction house several times that they are allowing fakes to be sold. As I have been checking more fakes now compared to when I notified them. As silver moves up in price this will become more of an issue
Almost all of the adds on Facebook are for bogus items, and it's not limited to coins. They prey on elderly people, or just unassuming people who think it's legit because it's on Facebook. Facebook just keeps taking the money for the ads with little care about whether or not it is a legitimate item. I blame the scammer and the enabler, which is Facebook !
In my experience, all the ads on Facebook are fake I have been burnt at least three times. One was for crowdfunding for a USB charger that plugs into a wall outlet, it was a charging bank that could charge about ten things at a time. Another was for lobsters. There were the Morgans, my only excuse is that I am elderly, 68, and I stay up too late with my friend Ivan Red. I hate to say it, but I guess for me there ain't no fool like an old fool.
About the only legitimate use I can think of for those is: Get a stamp made (easily available via Etsy) that says "copy" and stamp the backs and sell them for decorator or jewelry applications. Otherwise they'll have to be destroyed. This would bring them into compliance with the Hobby Protection Act, so they could be legally sold as copies. You can still buy these via WISH and other Asian sales sites, and of course the FB ads. I've never gotten a single ad for these in my feed, which is weird since I belong to several coin groups. I would say have them melted, but God only knows what they actually are; they could be brass, copper, zinc or any other base metal that's been plated. Coming from China, they could just be old car parts or something that got melted down. They might be copper with just enough actual silver to make the color look right.
As a coin collector, I despise counterfeits. As a photographer, I would love to have a couple hundred fake ASEs to use for photoshoots. Stamp COPY, NOT REAL, FAKE, COUNTERFEIT, whatever, across one side. I got movie prop money to use for shoots, and one of my models caught a lot of hell for lighting a cigar with a (fake) twenty dollar bill.
@@aleisterblacke The Hobby Protection Act lays out how they are to be marked, with a large "COPY" stamped on the coin on one side or the other. Back in the bad old days, when you could still buy these on eBay, the sellers would literally photoshop the word on the reverse of the coin. What you got would not have it on there. These still come from China via WISH and other Asian sales sites, and are illegal to import and sell, and CPB catches a lot of them coming in, but by no means all of them. And yeah, 100% with you about counterfeits being the bane of the hobby-but there have been counterfeits as long as there have been coins. Counterfeit Roman coins are not an uncommon find in lots of coins dug up in archeological digs.
I always test any coin I buy no matter whom I purchased it from. Weight, diameter, thickness, magnet test, and precious metal verifier. For questionable bars, you can even do a specific gravity test. But as someone else mentioned, you should always buy from reputable dealers or persons.
Out of my personal collection, I discovered a fake 1 oz. silver dice. Early in my collecting days, I did make the mistake of buying from an ebay, or something. It was a little dice, stamped 1 Troy oz. Yeager metals, .999 fine, etc. I purchase from 2 companies now, this channel is one of those!! Haha
That’s a real bummer. I feel bad for the guy that bought them. I have two local coin shops I go to exclusively. The only time I ordered online was from a reputable dealer. Besides, the silver I see on eBay/etc. doesn’t seem reasonably priced.
Looking at the Morgan’s I wouldn’t have known the difference. I’m pretty new at coin hunting and collecting and I get FB ads all the time for silver eagles at a price thats to good to be true. Reporting their fake ads is like swatting flies at a slaughter house.
I guarantee your local police don't have jurisdiction over whatever foreign country these Facebook ads originate from. What are the police to do, go to China and arrest the counterfeiters?
I mostly buy graded but every once in while I'll buy a raw Morgan-Walking libertys-Barber Half.. Been collecting bout 2 year's I bought a digital scale to make sure they weigh up & a pen magnet to authenticate...
Man oh Man…. I wonder how many bought some of these and are too embarrassed to admit it. My mother god rest her soul used to tell me that nobody is going to sell you a dollar for 25 cents.If they are trying to sell you a dollar for 25 cents, run away as fast as you can….RUN, RUN !!! OH THE HUMANITY !!! Great video Daniel, as usual.
OK, I’m VERY new to stacking. I get the weight part........ but “test” them? Somebody please clarify what you mean. I’ve only bought from coin shops....... but o would like to be sure. Any advice would be greatly appreciated!!
It is very easy to identify visually the counterfeit American Eagle in few seconds without any tool: at 1:50 , when you flip the coin with a vertical axis, the reverse is in the same position. The real coin must upside down because it is minted as "coin alignment". Canadian maple leafs are minted "Medal alignment".
Daniel - Perhaps those could be 'killed' with a punch and then sold cheaply or given to youth coin clubs and such as reference examples for counterfeit detection. It wouldn.t cost much to get a custom stamp made which would say 'COPY' (from a jeweler's supply house such as Rio Grande Albuquerque) or just get a set of letter stamps from Harbor Freight.
Do you detect counterfeit by weight, sound ( what do you listen for) magnet test, by flipping the coin? How do you test at a show or going to an LCS? What are you allowed to do?What weight # are you looking for?
I know what real Morgans and Silver Eagles look like, I know the details and don't need to test them. I have several videos linked in the description of this video for you to learn.
I’m a sterling silver jewelry collector. Now I find some of my collected items are not sterling silver though they are stamped 925. Many of them are stamped Italy. I’m so mad that I didn’t examine the items promptly as soon as I got them. Be aware that there are so many counterfeits silver items. Be careful when purchasing silver online.
There is a s load of silverware that is only plated with .925 Most gold jewels and even wedding rings are total rip off... You won't believe the number of desperate people that came to me trying to sell me copper and nickel, the sad thing is to see their faces when I tell them that the family "treasure" is worth nothing. 😢
I recently bought some old jewelry from someone and I knew their parents years ago. They have been dead for about 20 years or more. They went on vacation to Hawaii in the 70's and bought a stamped sterling silver pineapple pendant. The silver wore off the pineapple over the years and it was just plated brass. The chain was sterling. So, it has been happening, probably forever.
Nothing is free...I start there. Next, if it's too good to be true, then it's not true. These simple concepts have kept me safe from scammers all my life. So simple, yet so hard for people to follow. Thank you for what you do. I am thinking of stopping at your store to buy coins...will somehow find your address & gladly do business with you.
Thank you for this content. Just out of curiosity how much would the machine capable of minting those cost? I have to assume they sold several thousand of those to make it worth their effort. Say $20×10,000= $200k Would that even be worth the effort? Or would they have to make 100,000 fakes? That is a serious operation. So sad for our hobby. Thanks again. This is without a doubt one of the most educational coin channels.
Any good jeweler can make a fake. It's not about the equipment; it's the scam culture that is China. All chinese people are super racist and think Westerners are morons and beneath them.
Right after I started stacking, I invested in a Sigma @ about $900 Expensive, but if it save you from buying just a single 1oz gold coin, then it has paid for itself nearly twice-over. I check 100% of everything I buy, regardless of source.
I recently attended an estate auction where a whole folder full of fake coins from China was on sale. Morgans, Thalers, 16th and 17th century coins, all fakes. The auction house labeled them as 'Chinese copies' but none were stamped with 'COPY' as they should have been. What's the bet someone bought them and is now selling them one by one as the real deal on eBay?
They looked pretty good to me but holding one whould be a different storey. My question are all silver rounds marked copy fake even when they test ok?.magnet ping weight ect
I’ve been able to round up a decent collection of silver quarters from working with a lot of change. One thing that can’t be faked is the sound a silver coin makes, I can hear the difference with those fakes.
THANK YOU for getting them out of circulation. I have 1 fake Morgan I would like to get some of those others to look at and study. Have a great day Brother. PEACE MY FRIEND
This is in EVERY hobby lately from COINS, TRADING CARDS, ACTION FIGURES ...if it is worth money and has a demand, someone somewhere is counterfeiting it.
found a small coin collection in a house we bought, a few morgan dollars and some other stuff in stapled coin holders, i know nothing about coins and now have watched so many videos on the internet trying to figure out if they are legit or not, the one i can tell with the most potential value is an 1879s reverse 78 but it looks to good. it weighs correctly and magnet doesnt stick to it, what else should i do to verify its legit?
If you have any local coin shops, owners typically don't mind looking at them for you. That aside there are visual indicators as well. I would check Google. I know pitting on the fake Morgan dollars is very commom. Spacing between lettering will be different on counterfeits sometimes too.
Wow, those Morgans are frightfully convincing just by looks alone. I know between the sound, feel and weight of them I would know they were not real, but to be 100% honest I couldn't tell just by looks.
I wish I had the eye and knowledge to see what you see Daniel! I know it comes with years of experience but hopefully not experience getting ripped off!
I'm not a numismatist, but I can only assume that the Secret Service isn't much concerned with counterfeit collectable coins, and that they're only concerned with counterfeit money that's actually circulating on the street.
"If you don't know your coins (or any other collectible), know your dealer! A legitimate dealer or seller will have a legitimate address where they can be reached if there's a problem as well as a history of being in business. Do your research: "Buy the book before the coin (or other collectible)! There's plenty of information and knowledge out there. We each carry a fountain of knowledge in our cell phones. Look it up: use Google. Don't be in such as rush to buy! Thank you Daniel for informing the public. Be well! Ed
That's the pinging sound of copper banging together for sure it sounds just like modern day American coins banging together. Silver has that distinctive look and sound when it's hit together with other silver. Silver gives off a much higher pitched quality sound that you will recognize with experience.
It is so difficult for me to know if I am purchasing a true collectible coin except I try to buy from reputable dealers endorsed by you or my local dealer. I enjoy silver and hope to continue to invest; one day before I bite the big one, I would like to break down and justify buying a 24K Buffalo $50 coin. I think the Buffalo coins are wonderful.
I like buying a lot of the same things that I've always bought, the simple sound on the bar and the feel in your hand you usually can tell if you've handled several over the years of the same things.
Please, do more in depth videos on counterfeits and how to spot them for people who are newbies to collecting, and maybe a vid or two on bullion fakes. You will save some people a good deal of money and time. Thanks.
This scares me. Is it possible to ever get fakes from sites like JM or SD bullion? I'll never buy off Facebook(don't even have facebook lol) or Ebay. I called my main bullion dealer, and asked and right away she said "All of our precious metals are 100% authentic, but if you ever suspect something goto a local gold and silver shop.. Get them tested and if there's any problems let us know." I always use the Ice cube test
I have a counterfeit 1943 Copper penny. Sending it to a fellow coin channel for them to do a counterfeit video. Educational use only & it will never be sold again.
3 years ago i may have purchased something along them lines due to inexperience but thru people such as your self i weigh everything and only deal with reputable sources that is a lot of fakes there thanks for the continued education you share with us
I'm not very experienced but I noticed on the Morgan dollar fake, the 2 wheat husks around the "I" on PLURBIS have too many seeds, where the real Morgan has noticeably less seeds on the wheat. I'm not sure if it's called wheat and seeds, but I think you get what I mean.
I see these on face book all the time and I mean all the time ! I always put "SCAM !!!!!" in the comment section. I have told Face Book so many time that they are just scamming people but the adds keep showing up. I have seen these ad's using NGC and PCGS slabbed Eagles and Morgan's in their ad's. I have brought it to their attention several times as well. Thank you Daniel for getting them of the market.
My silver bullion changed colour partially when exposed to air. I don’ know nothing about counterfeit, so that I buy all from the bank or renown mint producer. Also, I carry strong magnet.
I keep a handful of fakes in a drawer with a few fake gold eagles and old credit cards as a decoy incase I'm burglarized. Really it's the only good thing a fake is good for. Thanks for the video!
Great idea! and thanks.
I like your style.
This is a really good idea. I think I might get a few fakes for just this reason.
genius level strategy!
Damn. Great idea.
Please pay attention to the video. I DIDN'T accidentally purchase these! I am a coin dealer and they came with a collection someone sold me at my coin shop. I took them off the market.
My Coin Shop Website portsmouthcoinshop.com/
Buy the book! ebay.us/wJ2MV9
800+ Videos ruclips.net/user/CoinHELPuvideos
I am sorry if you misunderstood me... I just meant why would you buy the whole collection before testing it all out... but all is well that ends well...
@@Dakiniwoman I didn't misunderstand you, you misunderstood me. All the collection was good, but they included these fakes to get them off the market. I didn't accidentally buy these or lose money,
I did realize you knew they were fake..and yes it is Grrr-eat ( like ke tony the tiger would say ,lol) that you got them off the market for sure !
I apologize ... I was wrong...
Those 1881 fakes may still be for sale for $1.91@ on America's biggest online seller. I'm still trying to figure out how counterfeiting laws are avoided. Using the claim of "magician coin" is quite bogus.
Having been a collector for nearly 50 years, I can usually spot fakes pretty easily but some of those morgans were good enough to fool someone without much experience or knowledge on what to look for. Thank you for bringing issue to young or inexperienced collectors. Just as you've said countless times, if it seems to good to be true it usually is.
I ordered those same silver eagles. KNEW RIGHT AWAY THEY WERE FAKE. Used PayPal so got my money back.
I have a few coins that my dad collected back about 50-60 years ago. He would get mad at me when I was a child. I used some to buy candy. I could kick myself. What is a ping test?
Just started collecting recently. Glad I found this channel and other channels like it. I probably would be fooled by the look of the coin but with videos by CoinHELPu and other channels I now have the tools to help make sure that what I buy is authentic. To answer the question what is a ping test, silver makes a distinct sound when hit. It is unmistakable once you hear it. So a ping test is a test where you hit the coin with another coin or a little piece of wood to hear the sound it makes. There are many videos on RUclips of what that sounds like when it’s real if you’re interested. Luckily I haven’t run into any fakes yet but I imagine I will eventually.
Few years back had someone try to sell me an early Bust Dollar and Trade Dollar, only $500 for the pair. What a deal!!! The problem?
The Bust Dollar had a reed edge and was dated 1878.
The Trade Dollar was dated 1798 with a lettered edge.
Reminded me of the guy that got busted printing counterfeit $20 bills back in the 1980's. What gave him away? He put Lincoln on the bills.
@@tims.449, Try this. Get you a 1964 or before quarter and few quarters made after 1964 ( clad). Drop a clad on the clads and listen to the sound. Then drop the 1964 or before quarter on the clads. Notice the silver will have a higher "ping" when it hits the clads.
My Coin Shop Website portsmouthcoinshop.com/
Buy the book! ebay.us/wJ2MV9
800+ Videos ruclips.net/user/CoinHELPuvideos
You are an amazing person Daniel! Honesty, blunt truth! I respect nothing more than that. Accept the fact that you're extremely polite about it as well! Cherry on the top is THEE BEST!! I cannot thank you enough. Everything I have learned is SO much to take in. You make it simple. Just the way I'm sure we ALL can appreciate.
Standing ovation Daniel and Mrs. Ty❤
I'm "still" binge watching. 🤣
I am not digging some of the complaint comments here. This is a share and a social media coin ad warning and not an instructional video on counterfeits. I never made an claims that it was. Here's is my playlist for all the counterfeit ID videos I've created for everyone. I even created a follow up video to this one, so check my channel videos.
ruclips.net/p/PLku4wL94a2MNwkCXGCiGBQmY9XZQyVo4i
Instructional video for counterfeit coin ID ruclips.net/video/L2zki9Row_4/видео.html
Someone needs to create an affordable Sigma. Something your average collector can afford. That would definitely help with future counterfeit market.
Ping test works great
Yes sir I thank you for helping get this important information out there. I once bought a 1921cc Morgan dollar from someone who knew nothing about coins and showed him the Red book how China made that coin US mint never did. Just gave him $5 to have a fake. Use it as a learning tool. Thank you again for ALL you do!
Wow! I'm new to this only 3 years at it and this video put a scare into me. REALLY, I suppose I trust people way to much...I see myself in my mind buying these coins. I know people can be bad and that it will continue to get worse, but REALLY...that is a boat load of coins. Thank you so very much Daniel for bringing this to our attention in such a massive way. My heart goes out to those honest people who get ripped off by someone who, who...I don't know the words to use here. God bless you and your family of watchers of your channel.
Blessings, Louis
The 'scary' ones are counterfeits of higher quality.
All series, virtually any date and mint mark seem to be showing up these days, some of them rather well made.
The old time adage was _buy the book, then the coin._
Still true, but now there are also useful websites such as this one to view and from which to learn.
As with most other purchases, _caveat emptor._
I started buying halves a couple years ago. I soon after became paranoid watching videos about counterfeit coins. I quickly learned all the ways to check for counterfeits, and there are a few. There's even a Ping Test app for your phone that works well. Just don't trust any one test to be conclusive.
I picked up a fake Maple Leaf from my local coin shop last year. Took me about 6 months to realize it. It was sold in an air tite capsule so I never bothered taking it out and testing the ping. Luckily the shop replaced it but the old grumpy owner denied I bought it from them even though I would go there every weekend and spend atleast $100. I didn't get angry or anything with them but you gotta be careful out there. Even trusted sources slip up occasionally especially with how crazy things have been. God bless
@@aaronrichards19886 It sounds like that coin shop owner tried to put one over on you. I guarantee he has a Sigma Metalytics tester and he tested that coin when HE got it. They can test coins in a capsule. If you buy from him again he should have no problem testing coins in your presence as a sign of good faith. if he's legit.
@Ken Smith If you drive a car, you're relying on technology. If you go to a doctor or dentist, you're relying on technology. The computer you responded to my comment on IS technology. It's one thing to use technology blindly and another to use it knowing that it can fail, and other ways of doing the same thing.
Yikes those Morgan's would have fooled me. I can see the eagles right away but its still close for me. Thank you
OH my. A sad, but informative video. I really hate to see people get ripped off. Thanks for keeping the community educated.
Informative??? No, he just said that they were fake. I would like to know what he is looking at and for.
Personally I would either stamp them with the word "copy" or better still, destroy them completely. As soon as you started dropping those coins together, the sound was all wrong. The hobby is drowning in a tidal wave of fakes at the moment. Buyer beware!
I'm getting my feet wet.
Thanks.
The sound being off was the first thing I noticed.
Its a shame that people still fall for the ads on facebook and on tv hopefully everyone stops buying them and put them out of business thanks again Daniel
The federal government needs to go after these counterfeiters
Sorry, gotta ask... the ones on TV are fakes?
Im surprised more companys havent made counterfit metal devices more affordable for average stackers. Love the channel !
It's probably a patent issue, or possibly making the detector is just expensive no matter what.
@@TheGroovyJones probably one or the other for sure. Hopefully itll change in the near future but who knows🤷♂️
I finally broke down and bought a Sigma. They are way to expensive for what they are but it has saved me thousands in the time I’ve owned it.
A small scale, a rare earth magnet, and a set of calipers is all that's needed to weed out fakes.
Don't think these fakes will pass if you use a pocket pinger
I am not a collector, but wanted to thank you for informing people about counterfeits.
Thank you
you need to start stacking !!!! the dollar is going crash hard!!!
@@michaelblake2280 not unless we get invaded by China or nuclear war kicks off. Dollars don’t crash when the same government has the same power.
Great video. It's a shame there are so many crooks out there, but there are. The sound test with the Morgan's was a dead give away for me too. And using a scale and magnet also great tools. You can buy a decent digital scale for less than $20 (probably less than $10).
You know what I really really love about you and it really stands out is your integrity and honesty that's two good qualities that are very hard to find nowadays
My brother was buying a set of "Million Dollar Silver Dollar " collection. I believe it was a very reputable company. Every week they sent him a box of 4 coins for $35 or some figure. He had about 20 of the blue boxes in white sleeves. Very professional. I told him they were fake. He disagreed. I looked them over and they all had a designation "COPY" in very tiny letters. It may have come from a claimed USMint company. My brother was very upset at me for showing him that they were fake. I'm sure that there are thousands of other people who fell victim to this scam.
Don't really need or mean to reply. I just looked up "Million Dollar Silver Dollar" collection on a random search and these are for sale by everybody. I think they are processed by a real reputable company.
So WHAT are they made of.
A bit more info please
@@cbknight6882 they look like aluminum and I think they are aluminum, something like that.
I used to buy and sell silver in 2009-2011. I came across two different characters(that's the nicest thing I can say about these mfers), that tried to sell me a boat load of Morgan's. They were ALL in flip holders. I took one out and looked at the RIM of it. You can see a faint line from the casting of these counterfeits, not to mention, they ALL LOOK EXACTLY THE SAME in color, wear etc. Do yourself a HUGE favor. Go to a reputable dealer and buy some real ones, and if you decide to take a chance on Facebook or Craigslist, bring the real ones with you along with a scale.
I report these counterfeits to Face Book all the time. The sellers just change their company name and register with Facebook and continue to sell this crap. I guess their "Fact Checkers" are lacking in this department ;)
Report to Facebook?? Why?
@@goldeneye70 Because for the price they're asking they're most certainly counterfeit. Trying to save some suckers money and keep the counterfeits from circulating.
@@TheRealSiberD I have been doing that too, there is one company that keeps popping back up with a different name but when you go to their site the address and phone number is always the same! I Call the number and ALWAYS get the message the number has been DISCONNECTED or changed their address is either out of Ohio or Texas! Also I usually post on FB to BUYER BEWARE and Try giving them a call and post the number 😡
I feel Into the trap ONCE bought one for less than Silver was at the time! When I got it it was a PERFECT looking coin BEAUTIFULLY Polished and weight was close but when I turned it over the heads and tails were both facing the same way and that is what caught my eye grabbed my Magnet 🧲 and it stuck like Glue😡
@@goldeneye70 You don't think they should be reported???
FB is so CORRUPT and full of fakes ripping people off and FACT CHECKERS seem to over look them, I guess it is a LIBERAL Thing😤
I show my LCS owner fakes he has as well. The sound test never fails. I've been looking at morgan dollars for nearly 30 years.
I love the ping test
Good Morning Daniel!! 🍵 I am thankful to have you and my other two dealers for filters!😊
These fakes are coming out of China. I have mentioned it to the main auction house several times that they are allowing fakes to be sold. As I have been checking more fakes now compared to when I notified them. As silver moves up in price this will become more of an issue
You can buy them on alibaba
Hey bro i got some coins from Constantines Empire from around year 300 do you know value of them?
Almost all of the adds on Facebook are for bogus items, and it's not limited to coins. They prey on elderly people, or just unassuming people who think it's legit because it's on Facebook. Facebook just keeps taking the money for the ads with little care about whether or not it is a legitimate item. I blame the scammer and the enabler, which is Facebook !
In my experience, all the ads on Facebook are fake I have been burnt at least three times. One was for crowdfunding for a USB charger that plugs into a wall outlet, it was a charging bank that could charge about ten things at a time. Another was for lobsters. There were the Morgans, my only excuse is that I am elderly, 68, and I stay up too late with my friend Ivan Red. I hate to say it, but I guess for me there ain't no fool like an old fool.
I quit FB years ago and wont go back...no reason to be on it
What a shame. I feel sorry for the family. But glad you got them off the market. Good job Daniel.
About the only legitimate use I can think of for those is: Get a stamp made (easily available via Etsy) that says "copy" and stamp the backs and sell them for decorator or jewelry applications. Otherwise they'll have to be destroyed. This would bring them into compliance with the Hobby Protection Act, so they could be legally sold as copies. You can still buy these via WISH and other Asian sales sites, and of course the FB ads. I've never gotten a single ad for these in my feed, which is weird since I belong to several coin groups. I would say have them melted, but God only knows what they actually are; they could be brass, copper, zinc or any other base metal that's been plated. Coming from China, they could just be old car parts or something that got melted down. They might be copper with just enough actual silver to make the color look right.
As a coin collector, I despise counterfeits. As a photographer, I would love to have a couple hundred fake ASEs to use for photoshoots. Stamp COPY, NOT REAL, FAKE, COUNTERFEIT, whatever, across one side. I got movie prop money to use for shoots, and one of my models caught a lot of hell for lighting a cigar with a (fake) twenty dollar bill.
@@aleisterblacke The Hobby Protection Act lays out how they are to be marked, with a large "COPY" stamped on the coin on one side or the other. Back in the bad old days, when you could still buy these on eBay, the sellers would literally photoshop the word on the reverse of the coin. What you got would not have it on there. These still come from China via WISH and other Asian sales sites, and are illegal to import and sell, and CPB catches a lot of them coming in, but by no means all of them. And yeah, 100% with you about counterfeits being the bane of the hobby-but there have been counterfeits as long as there have been coins. Counterfeit Roman coins are not an uncommon find in lots of coins dug up in archeological digs.
I always test any coin I buy no matter whom I purchased it from. Weight, diameter, thickness, magnet test, and precious metal verifier. For questionable bars, you can even do a specific gravity test. But as someone else mentioned, you should always buy from reputable dealers or persons.
Out of my personal collection, I discovered a fake 1 oz. silver dice. Early in my collecting days, I did make the mistake of buying from an ebay, or something. It was a little dice, stamped 1 Troy oz. Yeager metals, .999 fine, etc. I purchase from 2 companies now, this channel is one of those!! Haha
I'm the silver "expert" at my job. I always tell beginners to buy from reputable local coin shops so they can ask questions and to watch your videos.
That’s a real bummer. I feel bad for the guy that bought them. I have two local coin shops I go to exclusively. The only time I ordered online was from a reputable dealer. Besides, the silver I see on eBay/etc. doesn’t seem reasonably priced.
Looking at the Morgan’s I wouldn’t have known the difference. I’m pretty new at coin hunting and collecting and I get FB ads all the time for silver eagles at a price thats to good to be true. Reporting their fake ads is like swatting flies at a slaughter house.
Make you wonder what the police do all day eh? Do they not want to "protect and serve" the community by jailing the trash?
I guarantee your local police don't have jurisdiction over whatever foreign country these Facebook ads originate from. What are the police to do, go to China and arrest the counterfeiters?
@@jdizzle6324 probably busy harassing parents at school board meetings like the FBI.
I mostly buy graded but every once in while I'll buy a raw Morgan-Walking libertys-Barber Half.. Been collecting bout 2 year's I bought a digital scale to make sure they weigh up & a pen magnet to authenticate...
Thanks Dan. You just saved many "stackers"/collectors from a lot of pain and upset. ✌🏻
Man oh Man…. I wonder how many bought some of these and are too embarrassed to admit it.
My mother god rest her soul used to tell me that nobody is going to sell you a dollar for 25 cents.If they are trying to sell you a dollar for 25 cents, run away as fast as you can….RUN, RUN !!!
OH THE HUMANITY !!!
Great video Daniel, as usual.
OK, I’m VERY new to stacking. I get the weight part........ but “test” them? Somebody please clarify what you mean. I’ve only bought from coin shops....... but o would like to be sure. Any advice would be greatly appreciated!!
It is very easy to identify visually the counterfeit American Eagle in few seconds without any tool: at 1:50 , when you flip the coin with a vertical axis, the reverse is in the same position. The real coin must upside down because it is minted as "coin alignment". Canadian maple leafs are minted "Medal alignment".
Thanks to your generosity of explaining replicas & counterfeits & real & duplicates.
I bought a bunch for ten bucks a piece. Years back when I started collecting. I got screwed I put em away to keep them out of circulation.
Thank you for showing us these, very educational.
Thanks for all the education you provide for our community.
Daniel - Perhaps those could be 'killed' with a punch and then sold cheaply or given to youth coin clubs and such as reference examples for counterfeit detection.
It wouldn.t cost much to get a custom stamp made which would say 'COPY' (from a jeweler's supply house such as Rio Grande Albuquerque) or just get a set of letter stamps from Harbor Freight.
I used to operate catering trucks and had to use a coin changer, I could tell when I had a silver coin just by the sound!💰
Those disgusting things make me sick. Thank you for taking these off the market.
Good looking out. Thank you for a great vid and words of caution.
Daniel, thank you for this posting. I understand what you meant when you said "boxes of fakes"...very well done!
Do you detect counterfeit by weight, sound ( what do you listen for) magnet test, by flipping the coin? How do you test at a show or going to an LCS? What are you allowed to do?What weight # are you looking for?
I know what real Morgans and Silver Eagles look like, I know the details and don't need to test them. I have several videos linked in the description of this video for you to learn.
I’m a sterling silver jewelry collector. Now I find some of my collected items are not sterling silver though they are stamped 925. Many of them are stamped Italy. I’m so mad that I didn’t examine the items promptly as soon as I got them. Be aware that there are so many counterfeits silver items. Be careful when purchasing silver online.
There is a s load of silverware that is only plated with .925
Most gold jewels and even wedding rings are total rip off...
You won't believe the number of desperate people that came to me trying to sell me copper and nickel, the sad thing is to see their faces when I tell them that the family "treasure" is worth nothing. 😢
I recently bought some old jewelry from someone and I knew their parents years ago. They have been dead for about 20 years or more. They went on vacation to Hawaii in the 70's and bought a stamped sterling silver pineapple pendant. The silver wore off the pineapple over the years and it was just plated brass. The chain was sterling. So, it has been happening, probably forever.
Nothing is free...I start there. Next, if it's too good to be true, then it's not true. These simple concepts have kept me safe from scammers all my life. So simple, yet so hard for people to follow. Thank you for what you do. I am thinking of stopping at your store to buy coins...will somehow find your address & gladly do business with you.
Thank you for this content.
Just out of curiosity how much would the machine capable of minting those cost?
I have to assume they sold several thousand of those to make it worth their effort.
Say $20×10,000= $200k
Would that even be worth the effort? Or would they have to make 100,000 fakes?
That is a serious operation.
So sad for our hobby.
Thanks again. This is without a doubt one of the most educational coin channels.
Any good jeweler can make a fake. It's not about the equipment; it's the scam culture that is China. All chinese people are super racist and think Westerners are morons and beneath them.
Right after I started stacking, I invested in a Sigma @ about $900
Expensive, but if it save you from buying just a single 1oz gold coin, then it has paid for itself nearly twice-over.
I check 100% of everything I buy, regardless of source.
Can you tell us if they’re magnetic? Curious what the composition is…
Thank you for sharing. This is very helpful.
Thanks for showing your knowledge and wisdom on this subject! It may keep many from getting scammed.
Thanks Daniel for aal you do for our hobby.
what are they made of etc would you think?
So glad you are exposing this stuff. Great advice too!👍
I recently attended an estate auction where a whole folder full of fake coins from China was on sale. Morgans, Thalers, 16th and 17th century coins, all fakes. The auction house labeled them as 'Chinese copies' but none were stamped with 'COPY' as they should have been.
What's the bet someone bought them and is now selling them one by one as the real deal on eBay?
Thank you for your sharing
What are going to do with them? Where can you get those? If love to use then for a table top
You can buy all you want online like etsy
What metal,is used to make these fakes? Are they cast or struck?
Those coins really need to be destroyed somehow. They have no place in our hobby. Thanks for sharing this.
They looked pretty good to me but holding one whould be a different storey. My question are all silver rounds marked copy fake even when they test ok?.magnet ping weight ect
I’ve been able to round up a decent collection of silver quarters from working with a lot of change. One thing that can’t be faked is the sound a silver coin makes, I can hear the difference with those fakes.
Thank you for the information.
Wow that was sad. Poor person thought they were leaving their family a nice little nest egg. Scammers suck!
THANK YOU for getting them out of circulation. I have 1 fake Morgan I would like to get some of those others to look at and study. Have a great day Brother. PEACE MY FRIEND
This is in EVERY hobby lately from COINS, TRADING CARDS, ACTION FIGURES ...if it is worth money and has a demand, someone somewhere is counterfeiting it.
Do they have any silver in the composition?
Wow! So many of them..Thanks for the info..
sir I have a lot of us coin and a error I do have a 1968 dime my problem is how to sell it I'm here in a small town in the Philippines.
found a small coin collection in a house we bought, a few morgan dollars and some other stuff in stapled coin holders, i know nothing about coins and now have watched so many videos on the internet trying to figure out if they are legit or not, the one i can tell with the most potential value is an 1879s reverse 78 but it looks to good. it weighs correctly and magnet doesnt stick to it, what else should i do to verify its legit?
If you have any local coin shops, owners typically don't mind looking at them for you. That aside there are visual indicators as well. I would check Google. I know pitting on the fake Morgan dollars is very commom. Spacing between lettering will be different on counterfeits sometimes too.
Wow, those Morgans are frightfully convincing just by looks alone. I know between the sound, feel and weight of them I would know they were not real, but to be 100% honest I couldn't tell just by looks.
Where did you get the coins from
I wish I had the eye and knowledge to see what you see Daniel! I know it comes with years of experience but hopefully not experience getting ripped off!
I'm not a numismatist, but I can only assume that the Secret Service isn't much concerned with counterfeit collectable coins, and that they're only concerned with counterfeit money that's actually circulating on the street.
"If you don't know your coins (or any other collectible), know your dealer! A legitimate dealer or seller will have a legitimate address where they can be reached if there's a problem as well as a history of being in business. Do your research: "Buy the book before the coin (or other collectible)! There's plenty of information and knowledge out there. We each carry a fountain of knowledge in our cell phones. Look it up: use Google. Don't be in such as rush to buy!
Thank you Daniel for informing the public. Be well! Ed
Thanks for the reminder. Great public service.
Thanks again Daniel - until folks stop buying silver and gold off FB or etsy when they do not know the seller, this is going to keep happening.
That's the pinging sound of copper banging together for sure it sounds just like modern day American coins banging together. Silver has that distinctive look and sound when it's hit together with other silver. Silver gives off a much higher pitched quality sound that you will recognize with experience.
Now that is good info ..
It is so difficult for me to know if I am purchasing a true collectible coin except I try to buy from reputable dealers endorsed by you or my local dealer. I enjoy silver and hope to continue to invest; one day before I bite the big one, I would like to break down and justify buying a 24K Buffalo $50 coin. I think the Buffalo coins are wonderful.
They sound like carnival coins.
Thank you for your information. 💕🇺🇲
How many times can you tell people Daniel if it's too good, it always is. Thanks for the info again. Appreciated
How do I check for counterfeit???
I've got 35 2020 and 2021 silver coins.
You should learn to check creators channels for all their videos to help you, I have over 900.
Thats SCARY...the Morgans looked legit !!! You and I can tell by the sound , BUT if you saw a picture in an ad - they LOOK legit !!
I like buying a lot of the same things that I've always bought, the simple sound on the bar and the feel in your hand you usually can tell if you've handled several over the years of the same things.
Please, do more in depth videos on counterfeits and how to spot them for people who are newbies to collecting, and maybe a vid or two on bullion fakes. You will save some people a good deal of money and time. Thanks.
I have an entire playlist of videos on counterfeits. It's a link at the end of this video. Thanks
This scares me. Is it possible to ever get fakes from sites like JM or SD bullion? I'll never buy off Facebook(don't even have facebook lol) or Ebay.
I called my main bullion dealer, and asked and right away she said "All of our precious metals are 100% authentic, but if you ever suspect something goto a local gold and silver shop.. Get them tested and if there's any problems let us know."
I always use the Ice cube test
What's that?
Did those coins have any silver in them at all, and what kind of metal was it?
Happy New Year Daniel
I have a counterfeit 1943 Copper penny. Sending it to a fellow coin channel for them to do a counterfeit video. Educational use only & it will never be sold again.
3 years ago i may have purchased something along them lines due to inexperience but thru people such as your self i weigh everything and only deal with reputable sources that is a lot of fakes there thanks for the continued education you share with us
Muchas gracias Daniel.
That is scary. Truly scary. I would've been fooled by those Morgans.
I'm not very experienced but I noticed on the Morgan dollar fake, the 2 wheat husks around the "I" on PLURBIS have too many seeds, where the real Morgan has noticeably less seeds on the wheat. I'm not sure if it's called wheat and seeds, but I think you get what I mean.
I see these on face book all the time and I mean all the time ! I always put "SCAM !!!!!" in the comment section. I have told Face Book so many time that they are just scamming people but the adds keep showing up. I have seen these ad's using NGC and PCGS slabbed Eagles and Morgan's in their ad's. I have brought it to their attention several times as well. Thank you Daniel for getting them of the market.
My silver bullion changed colour partially when exposed to air. I don’ know nothing about counterfeit, so that I buy all from the bank or renown mint producer. Also, I carry strong magnet.
It's a shame that people do that! Have a great day Sir!
Thank you for the info..how do they get away with fraud?
Good video thanks for the info