Fake Morgan Dollars at a Flea Market! How to identify fake coins.
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- Опубликовано: 19 сен 2023
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The silver alone is worth 20 dollars each . If they are selling 3 for 40 dollars that’s your first red flag.
Melt on Morgan's is well over 20 now, for sure should've been biggest red flag
They actually sold 3 for 20$ the whatnot seller doubles whatever sale price is for the whatnot streamers profit
It's your ONLY and most ASSURED RED FLAG! Con men depend on human greed!
Not if they dont know what they have. Like precious paintings found at garage sales.
Magnet test works the best and takes 2 seconds. 99% of the fakes stick to a magnet. The ones that dont usually can be found out by weight. Your methods are good too.
Not true. Many of them are non magnetic 🧲
@@Yankeepride03 100% true. Ive had a shop since 2014 and 9 out of ten that come in are magnetic. I didnt say all but the majority certainly are. and again, when they arent, the weight is usually off.
I appreciate you going over this and I appreciate the other person for being willing to reach out and admit that they purchased counterfeit coins
The seller at the flea market is responsible for passing counterfeit money. If it's intentional, he's a criminal; if it's by mistake, he is too ignorant to be selling coins. At a minimum, the police should have confiscated them.
Maybe if they were trying to use them as $1. Not as a collectible.
How to identify fake Morgan Dollars at a flea market:
1. They're at a flea market. 😉
😆
So true.
So true!
Not necessarily true. The ones in this video were easy to spot, plus you can test them before buying with an app, and anyone that won't allow you to obviously has something to hide.
You have a good point there. I have bought sterling silver silverware at the flea market for almost nothing however. That pocket pinger sounds good to me!
Old cash redgesters had a marble top to tap a coin on to test it.
Secret Service: Why don't you have a seat right over there...
Or get rid of the problem (Wish and Temu).
they don't do shit about it
Hola. Am so glad to find a current vid made by an experienced & organized numismatist on this important topic. So many online sites selling Chinese mass produced fake silver coins/bullion at stupid low $, & new collectors & anyone looking to make a quick buck, or who aren't schooled on coin or silver unwittingly buying that stuff, we've got a steady supply of economy destroying fake bullion being injected directly into our economy's bloodstream. This vid shows that it may be more prolific than we hear about.
Great video! Thank you for your time and for showing us quite a number of ways to protect ourselves against fakes. 👍🙏
You can hear when they rub together that they are not silver. I have always been able to hear the silver tones even when they are dropped in my hand as change. Thank you for sharing and helping your viewers and the girl.
Exactly. 90% silver coins click when they make contact with each other; they don’t ring.
Growing up my dad had a vending machine business and he would use a coin counter, you could always hear the 90% when one would hit the stack. You could even hear the war nickles when one of those would drop down.
I bought a Morgan from a coin dealer at a street market in the UK. I'd gone a few yards when i realised it was a fake because the heads two sides werent in the correct relationship to each other. He gave me the money back but put it back on his stall. He knew it was fake but didnt care and was selling it as real.
😮😢😠
Also (because this is my second comment) lol
If I ever feel like a coin is fake once,I educate myself a little more,I will also know who to send them to!!.
I am so glad I found your channel!.
I certainly appreciate you educating people like myself who is new an absolute rookie to this,but enjoy it so much with my three small grandkids❤
Please be careful, some counterfeit coins will pass the Sigma test as they are made of real precious metals. I bought a fake Sovereign coin that was made of real 22k gold. The mint mark for the year of issue did not exist, it was never minted. That took a bit of research. I was able to return it two days later for a full refund.
If it's real gold keep it cause it's gold by itself not cause it's a coin
I thought Brass as soon as u Scratched it! You have a Good Eye SPEG! Cheers JJ
Damn at the end I thought you struck gold for a minute there lol. Great video as always. This is what I learned from Flea Market sellers that sell coins, 1. there almost always fake or, 2. there that overpriced that your not gonna buy them anyway which is why I just never buy coins from Flea Markets.
There is an online site named Temu. They sell made in China counterfeit 1878 Morgan's and another example is 2017 Silver American Eagle. I have examples of these. I wonder why law enforcement allows this company to continue to commit out and out fraud.
Great video as always. What river were you on at the end of the video?
Thanks for the advice.
Great vid! Thanks.
Thanks! Good information!❤
Really Interesting video. Thanks for showing us your methods .
Good information, as always, SpegTacular....the ring of REAL silver....so nice! Saving my pennies in the hope of getting a Sigma one day! Take care, be safe and God bless! 🇺🇸🇺🇸
Thanks for the info...
Love my pocket pinger… bought quite a bit off of eBay and only got 3 fakes 😅
0:25 - Paused for first impressions. Just at first glance, the two on the left look off. The one in the center - the patina looks "too good" like it was applied. Top right the off color(goldish sheen) is a little worrisome but it's my second choice because the ware looks very consistent. Bottom right is my guess for the real one. Love the flat dullness on the luster(or lack of luster) and the ware looks right.
you could also jingle them in your hand. thats a good way to tell by listening.
I'm a novice Morgan Dollar collector & picked out #4 almost immediately. I looked at the obvious gaps of the wing feather tips compared to the details exhibited by #4 & there was no comparison.
Outstanding speg😊
He’s pretty awesome 😉
Regarding your three coin test, you didn't need the magnets scale or sigma to know the 1902-O was not a genuine Mint product.
The reverse is a pre 1901 New Orleans reverse with narrow wing gap, numismatists refer to it as a C3 reverse.
Do some research on the micro-o contemporary circulating counterfeit family which are usually sterling silver and correct weight but many of them have incorrect reverses and can be more valuable than genuine Morgans.
Great video!
I can hear silver coins in a cash register. Once heard a lady at the drugstore sticker hand in the dime a section and I heard some. I bought all of them off of her. She had no idea what they were.
Wish u would have used calipers. They were right there. I have several that r 2.9mm thick n lots of people say they need b 2.4mm
@1:50 number 4 is the real one. I see its sharper numerals and sharper letters than the others and there is no dark background stain. A FEW MOMENTS LATER.......... @3:30.... right on ! I was correct. There are some other measurements that you can also look for manually. circumference, thickness and diameter. There are also die marks that are the same for many different FAKE COIN years, as to where they would of had different dies at the mint. - Great video, I am a novice and have bought a lot of bad coins for very good deals.
just learned a bit, thanks
Thanks for the tip
If I were buying coins I would use the second method I will have the testing instrument. This is a good video thank you for sharing
Bought 200.00 dollars worth in China at a flea market one dollar apiece. They were inspected at customs and allowed in country. My son gave most of them away as gifts. He took two to a coin shop where they purchased them for? of money. The coin shop owner called me a few weeks later threating to sue as they were fakes. I know the value of fake ones now are much greater than what the coin shop paid 4 them.
Yes. I got it right! I noticed the fake black ring around the face of the fakes.
I was looking at some Morgan dollars at a flea market yesterday. The guy had a few coins in the plastic envelopes and several collector and mint sets.
I almost bought one of the Morgan dollars but something told me to walk away.
I'm going to invest in one of the pocket pingers.
Thanks for the educational video.
Good vid Speg.
Are there any visual clues that would let you know they are fake?
The fact that each one immediately looked like different thicknesses and Morgan seemed a little sloppy. The “perfect” toning on the one followed by the luster on the worn one.
Several minor details became big red flags while I was watching the video live.
We recently had a couple of folks try to sell us fake Morgan Dollars, 1923 peace dollars , gold Maple leafs, silver eagle coins, silver bars and Gold One ounce bars....All magnetic ⚠️😡Yes, everything was fake except the dimes , quarters and halves.
THANKS FOR THE VIDEO
Thanks for watching!
Great information. Being someone who does frequent flea markets, I would have been taken because of my ignorance. You may have saved me from a bad purchase. Thanks. . . . "There's a sucker born every day." P.T. Barnum
The 1882 one was what I picked, and it was right. My reasoning was because the rest had this weird dark color around the edges of everything which is indicative of someone purposefully trying to darken them, and the real one had a worn down face that is hard to fake without leaving mechanical marks.
Hello @Speg hope you are having a great week
I've had problems even with antique dealers who sell a lot of silver/gold coins, that sterling silver does in fact have magnetic properties, yes diamagnetism is real which means all metals have some measure of magnetic properties, just not the ferrite type. But of course antique dealers don't want to hear that kind of thing when it comes to selling sterling ware. They automatically dismiss any such claims when trying to prove to them silver does have magnetic properties.
I was very impressed by the "fakes". Glad I'm not a Coin Collector.
--- Somebody had some very impressive "stamping Molds".
--- Makes one wonder, "Where'd they get THOSE???"
Here is a question. I have a really good postal scale. If I put a for sure 1 oz silver coin on there or round and then compare it to the suspected coin around won't a fake way differently than the true 1 oz coin?
More than 30 years ago, I bought a 1932 Quarter with a carefully glued on D at a flea market.
Hey can these coins have copper rivit soldered to the back to use in leather work?
I’m new to collecting coins and found a 1858 gold 1 dollar piece and they wanted 600 for it but I seen plenty for around 750 to 800 should I jump on it?
The look & weight will give most fakes away, then its the pinger, then a scale, seen so many more fakes in the last 6 years.
Two minutes in I'm thinking #5, but we shall see!!
Just ordered 2 pingers. Thanks for the discount code 😊
Two for 60 with a $6.00 discount total $54.00
Let people know what kinda discount you got if you don’t mind. ❤️
#4 has some 'cartwheeling' in its finsh. If it were polished, it would have been harder to detect.
Why aren't they called counterfeit as opposed to fake and are dealers ever arrested for selling them? If so wouldn't that stop a lot of these sales?
Depends on where you buy them. They sell these that look like Morgans but the description says they are fake which means they were not made to deceive the original buyer.
The problem would be when they change hands. Maybe they should be required to be stamped with an R for Repro on the reverse. I know the Feds go after other sellers/makers of counterfeit goods.@@josephhodges9819
Thanks for the video, when she dropped the coins into her hand you could tell right off they were fake.
The sound was weird right? They also feel unusual in the hand. Dunno how to describe it but it’s different
I had my lcs refuse to buy American silver eagles from me! I was dumbfounded. I’m in Florida myself
My guess was #4 before youbeben asked,,, just the diffence in color,,,, i have many silver coims and there is just something about silver,,,, it has a very unique way of oxidizing
I have several of those. They weigh 5 grams less then a real Morgan and some don't even have the eagle facing the right way. They do have some silver in them so they will pass a ping test.
My hearing must be off because I cannot distinguish the difference in sound. That is why I bought the Sigma. It isn't 100% though.
What model is your $800 metalitix machine. I am going to buy one
The edge on some of those is not reeded just smooth if the edge is worn smooth there would not be hardly anything on obverse or reverse.
Woo-hoo! Nailed it.
Well done bud
I spotted the real one immediately. my mother was a bank teller in the 60s and my father was blind
Been screwed over a couple of times on ebay, problem is you don't get to handle the item or inspect it.
I picked the real one pretty easily. It had more realistic detail. I assume that wear does not happen perfectly uniformly as it appears on fake coins. The wear creates a 2D look, where the real coin seemed more 3d
I bought a few of these in India, both the dealer and I knew they were fake. As a coin magician they present very well.
Yes, I've seen those commercials for Morgan silver dollars.I was marrvery skeptical.I'm glad I never bought those things
lol quote of Q1 2024 “Some people are jerks and that’s how it works” hahahaha
Putting in 3. Let me see if I picked the right one.
eBay have Morgan silver dollar bells and after seeing your video I wonder if they are fake, because they are really cheap.
I have the silver analytic but I want to buy the sound ping to identify just in case the analytic starts to fail.
I love graded coins so had to get a Sigma.
It’s worth it in the long run!
I've never heard of a Morgan Dollar and then realized hey I have one. A relative had some coins and when they died my mom was given them and then gave them to me. It's 1883, I see it is an O series, the detail looks good to be as far as I can tell. It's quite dirty but I won't clean it. I smacked it and it gave a nice ringing sound. I also have two 1964 JFK half dollars.
Does pocket ping-ers work on silver rounds?
What is the frequency that a legit coin should ring at?
Real U.S. coins are impeccably minted. Sure, there are errors made, but the letters, numbers and stars on them are always sharp and clear. On fake coins, those elements are almost always malformed. Also, beware of coins that have unusual toning, weird "tin-like" looking sheen to them or "prickly feeling" reeded edges (all signs of fakes). I like to check my coins with a pocket pinger, a sliver slider, a digital scale and calipers. But after a while, you will get good enough at detecting fakes, you won't need them. By the way, I picked number 4 as the real coin as soon as he displayed them.
Happens to me English town NJ when polish girl with hit pants on lucky for there wss a coin dealer there showed him them he said hope u did not pay much for them they are all fake China went back to the eye candy she said she was not selling as old coins told her peddling counterfeit money is a crime ill call the cops she gave me my money back fast
Did you know the old cash registers had a slab of marble above the drawer to test coins ?
I wonder if someone made a fake using the appropriate silver alloy if the sound and alloy tests would be deceived.....in that way possibly making a rare version for nefarious profit.
I use the ping and neodymium magnet from a hard drive.
I think I can do part of what a sigma does with my metal detector
Coin 4 is the real one. No need to ping.
You can easily tell by looking at the rims and the stars. Look at the edges of the stars. They are sharper edged, ”straight down" strikes. Stars are more ”dome shaped” on fakes.
Same with rims. Rim notches look like shit on the fakes. Some long, some short etc... Generally the entire rim just looks fat and sloppy. Zoom in and look. You'll see what I mean. It's very obvious once you know what to look for. At least obvious in this particular case.
temu.
I love it but holy hell the fakes over there lol
It's yellow inside, so these scammers they sell gold instead of silver, it's awful!
Hah I wish.
I've seen fake seated dollars that were magnetic!
The video says that the Pocket Pinger is $20 but the link sells it at $35. Do you have another link?
No that’s the best now with inflation / Bideneconomics
I'm an idiot..so help me out. How is the "analytic" powered? Can you charge it up like a cell phone and go to fleas with it? If not, then do they make a power pack that can be charged up to provide power to it?
If the answer is "no" to both questions, then collectors NEED to make their own battery-powered "on the go" supply to plug INTO the "analytic" at fleas....and well, just about ANYWHERE you go to shop for coins.
It holds a charge
so what should you do if you find fake coins? destroy them or what?
I keep them for the purpose of teaching others
Dang u tryd to help her 😂😂😂 whaaaaatttttt id say 1 or 5
There were many fake Morgan dollars at bazarrs in Afghanistan in 2008 when I was there.
When i was young banks gave them out at face value
This is why most folks only buy graded coins and always check the numbers to make sure its authentic
So making a counterfeit US COIN isnt a big deal in case you get caught?
I table or countertop drop test for Morgan's, and other Coins.
I Know what Silver Dollars sound like. The Kennedy Dollars were in Circulation growing up.
Bingo!! We have a Winner PING CRISP AND CLEAR!
Why pay $20 or even worse $800 to check Morgan's, when dropping on a countertop or table Proves Positively?
pocket pinger cost me $50 here in Canada and no supplied apps
Why was it $50? That app is free but if you want they have to do what it used to do plus more you have to pay for it now
Btw is it possible to find a used content scale for less than 800? Lol my entire stack prob isn't worth $800😂
Eagle head looked correct on 4, the rest looked off to me.
GRA 8 TUTORIAL. THANX
Great education. I feel sorry for the buyer.