Fake “Certified” Gold Coins DISCOVERED at Coin Shop WOW

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  • Опубликовано: 19 май 2023
  • this video I show off some FAKE GOLD COINS that were discovered at Harry's coin shop. Someone brought in fake slabbed gold coins and tried to sell them to the shop. The fake gold coins appeared to be certified and were even in NGC holders. The holders were fake along with the coins. Fake gold and fake silver scams are becoming more prevalent. If you want to avoid getting scammed then you need to be checking all of your gold and silver for authenticity. There are many different types of fake gold coins out there such as fake gold buffalo coins, fake Krugerrand gold coins, fake gold eagle coins, and fake pre 33 gold coins like I show in the video. one easy fake gold coins test is to see if you coin is magnetic. Counterfeit gold coins can be made out of a variety of materials so they will not all be magnetic. Tungsten fake gold coins are the hardest to detect but they do exist. I hope this video was helpful feel free to watch my video on fake silver eagles as well:
    Massive FAKE Silver Scam Operation - BUYER BEWARE
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    Topics I cover in this video: fake gold coins, fake gold, fake slabbed gold coins, fake certified gold coins, fake gold coins in slabs, fake gold coins test, fake pre 33 gold coins, fake gold buffalo coin, fake krugerrand gold coins, counterfeit gold coins, counterfeit gold coin, counterfeit gold, fake gold eagle coins, tungsten fake gold coins, detecting fake gold coins, finding fake gold coins, spotting fake gold coins, how to spot fake gold coins, how to find fake gold coins, fake silver, gold scam, fake gold vs real gold, fake ngc slab, fake ngc slabs, fake ngc gold slab
    #gold #goldcoins #silver

Комментарии • 782

  • @SilverDragons47
    @SilverDragons47  Год назад +54

    Don’t forget to check out my video on FAKE Silver Eagles ➡️ ruclips.net/video/kT8zAmPGI5I/видео.html
    in case anyone is wondering about the gold coins in this video: The person who brought in the fake gold coins let us film the video and then took them when he left. I have no idea where he got the coins from he said that he bought them private party and thought he could still get his money back. seems a little suspicious to me but who knows…

    • @davidstepro7486
      @davidstepro7486 Год назад +2

      yeah, why involve the police when it was only in the thousands of dollars.

    • @newt7590
      @newt7590 Год назад +2

      If all these gold and silver coins are so easily faked and hard to determine they’re fake, I’m not sure what the value is to them.

    • @tonynguyen9059
      @tonynguyen9059 Год назад +1

      Did they test it to see if it was at least Gold plated or was it completely fake like brass or copper mix?

    • @christophermaccarone3157
      @christophermaccarone3157 Год назад +2

      Thank you so much. You are an indispensable numismatic resource.

    • @randyzeitman1354
      @randyzeitman1354 Год назад +1

      Why not photograph them?

  • @williambush7971
    @williambush7971 Год назад +526

    If a dealer told me my coin was fake and tried to confiscate it there would be trouble. It would be to easy for a crooked dealer to say that about a good coin and keep it.

    • @WorldMoneyWins
      @WorldMoneyWins Год назад +96

      Thats why offering to call the police would be handy. Counterfeiting US currency is a felony.
      A dealer NOT calling the police is then an accessory to a felony. (I think)

    • @SilverDragons47
      @SilverDragons47  Год назад +67

      yeah I could really see it either way but having the police there would be handy I imagine 🔥🐉

    • @watthaile2053
      @watthaile2053 Год назад +38

      Exactly. That wouldn't happen. Try to keep my coins and I'd be the one calling the police.

    • @donavonrobbins1908
      @donavonrobbins1908 Год назад +7

      So the dealer has to weigh either screwing the community by keeping his mouth shut, which seems to be occurring in the video, or calling the police anyway and then potentially getting video of you in the store and video of your car in the lot. Then when they find you, you having to convince them that you weren't intentionally trying to defraud that dealer. If I were the investigator, I would also take your picture to other dealers to find out if they e had any run ins with you. Or, just stay and cooperate and maybe even get help locating the person who sold you the bad coins.

    • @Demy1970
      @Demy1970 Год назад +2

      Break the holder and screw it

  • @justdoingitjim7095
    @justdoingitjim7095 Год назад +84

    I used to work with a guy who would buy silver coins from eBay. I asked him if he ever got any of them certified and he said no. I suggested some of them might be fake and this started him worrying. So, he sent in his most valuable coins for certification. Three of the ten coins he sent in were fake. He took the rest of his coins to a coin shop to get them tested and they found more fake coins. He quit buying from eBay and started buying only from the coin shop.

    • @jimmylieb5225
      @jimmylieb5225 Год назад +17

      I only buy from vendors like APMEX or JM Bullion.

    • @ChatsWithChris
      @ChatsWithChris 7 месяцев назад

      @@jimmylieb5225I only buy APMEX I don’t care if it’s pricy. I trust them more than anyone.

    • @SlumberBear2k
      @SlumberBear2k 6 месяцев назад

      @@jimmylieb5225 i'd be squeamish about some coin shops. they might not even be nefarious, but it could just be bad staff.

    • @afridgetoofar1818
      @afridgetoofar1818 5 месяцев назад +13

      There are very legit coin & bullion dealers on eBay. Just don’t buy from some random person.

    • @johnl9977
      @johnl9977 5 месяцев назад +2

      My dad bought a grip of $20 gold coins from a local shop, One time I was looking at a few and found a re-slabbed $20 PCGS MS64, it was a MS60 even to me who knows very little. Shop made good on it.

  • @tgraymk
    @tgraymk Год назад +46

    Confiscation seems a bit weird and not necessarily lawful. I'm not a coinshop owner, so maybe my ideas aren't the beat to go by, but at that point I'd offer a drill press test, or a call to authorities. I don't think I'd want to let an un-drilled counterfeit leave the shop, but I think taking possession of fake bullion is solely the right of the state.

    • @phlodel
      @phlodel Год назад +19

      If it was my coin, I'm keeping it. I'M pretty sure the coin shop owner has no legal right to confiscate or deface anything.

    • @tgraymk
      @tgraymk Год назад +2

      @@phlodel certainly true on the confiscate part, as for the defacing, the drill test is standard for detecting fakes, and it's better than having you name on a police report for trying to sell counterfeit bullion.
      I grew up in the Shore Points, lot of cash business there. Everybody gets stuck with a fake $20 bill in their life there. So I'm used to the idea on having to take an L over a counterfeit. Better than getting choked by a cop.

    • @blank1778
      @blank1778 5 месяцев назад

      @@tgraymkand drilling a hole does not devalue the gold at market value. Collectible wise yes.

    • @SanityTV_Last_Sane_Man_Alive
      @SanityTV_Last_Sane_Man_Alive 3 месяца назад +1

      bullion cant be fake... the stamping can. And because the coins are made of a valuable material, its still robbery to "confiscate them" thats only for paper money.

    • @wanderlustandsparkle4395
      @wanderlustandsparkle4395 Месяц назад

      ​@SanityTV_Last_Sane_Man_Alive They can't be fake. Are you serious 🤣 yes they can have you, not heard of China.

  • @georgewashington938
    @georgewashington938 9 месяцев назад +9

    my initial thoughts about the holders and certified coins... ironically, a sealed holder prevents you from touching and physically evaluating the coin, which might actually make it more difficult to identify fakes

  • @Bubba603
    @Bubba603 Год назад +10

    Love when you’re at Harry’s coin shop!!

  • @jamesmcbride5807
    @jamesmcbride5807 9 месяцев назад +4

    I appreciate your content here. The videos have helped me to be a more educated buyer. Fortunately most of the coins I have purchased are common not always silver or gold. I started with collecting WW l & WW ll coins not pristine just good details. Watching this channel and couple others for a little while now have helped me to keep from making spontaneous buys. Thanks for good content and keeping details simple enough for beginners like me.

  • @amaizenblue44
    @amaizenblue44 Год назад

    Was nice meeting you sir. Stage left unkempt nusmatist there for this show. Morgans and Washingtons out cause of me. Lol. Figure since I recognized you, I'd give my online persona to ya.

  • @JOSEPH-qo7fr
    @JOSEPH-qo7fr Год назад +6

    Thanks for another great video always watch you !!

  • @glockumollie1230
    @glockumollie1230 Год назад +16

    Wished you would have given them the magnet test

  • @johngordon6526
    @johngordon6526 11 месяцев назад

    Got to say I've been having a blast watching this channel just now. (The Harry's one's so far). I have no want to collect coins or w/e, but it's really interesting content, glad you shared.

  • @neviswarren
    @neviswarren 11 месяцев назад +1

    Good video. Fakes like the ones shown have always worried me. I appreciate the information.

  • @painmt651
    @painmt651 Год назад +5

    Buying one fake gold coin is absolutely devastating for a new collector or stacker, but it can usually be avoided easily if you exercise some patience and common sense.

  • @youtoobe169
    @youtoobe169 10 месяцев назад +2

    Wow, this is eye opening. Thanks for posting!

  • @russelder9743
    @russelder9743 Год назад +19

    Its nice to hear that there are still nice people like Harry and Adrian ...real gentlemen

  • @eprofessio
    @eprofessio 10 месяцев назад +8

    Coin dealer says don’t get a second opinion. Sounds legitimate to me.

  • @arronthomas68
    @arronthomas68 Год назад +24

    Harry is a great guy. I highly recommended him. I can personally attest to his honesty.

  • @Ontario100
    @Ontario100 Год назад

    Great Video. Protect yourself. So True. Lots of fake stuff out there. I appreciate seeing videos like these . It helps to train my "eye".

  • @stevenpike7857
    @stevenpike7857 10 месяцев назад +12

    "Just don't take it to another dealer and hope they won't catch it, that's bad etiquette."
    Is that man really that naive? They're criminals, they don't give af.

    • @ThePeacePlant
      @ThePeacePlant 9 месяцев назад +2

      He said it like that for the video. For RUclips audience

    • @Puddingskin01
      @Puddingskin01 9 месяцев назад

      @@ThePeacePlant Looking at some of the commenters on RUclips, I think they fall into the same category.

    • @SanityTV_Last_Sane_Man_Alive
      @SanityTV_Last_Sane_Man_Alive 3 месяца назад

      criminals know its fake so they dont sell to experts. pls at least TRY to use your brain once in a while.

    • @edackley8595
      @edackley8595 2 месяца назад

      Harry is a nice guy and just putting his best foot forward here. After a stout brandy snort, I'm sure he'd gladly tell you he'd kneecap any MFer with a bat trying to pass fakes in his store.

    • @ibberman
      @ibberman 2 месяца назад

      I would certainly want a second opinion.

  • @robroszk
    @robroszk Год назад +10

    The wisdom from the vids on counterfeits is priceless. Scary stuff and makes you want to spend the extra money to ensure you are getting the real deal from legitimate dealers.

  • @infuglenn
    @infuglenn Год назад +3

    This looks like a great coin shop, unfortunately i can't visit but we need more of those!

  • @lacrosse2932
    @lacrosse2932 3 месяца назад +4

    Having collected coins for 30 years, since I was 8, I've come to learn that unless you're buying and selling true rarities, coin collecting is nothing more than an expensive hobby and not an investment. I do have a few coins that have appreciated in value over 20 years, but not wildly so. If I had invested that same money in the stock market, I'd have far more money. Heck - I had fun while it lasted and do, from time to time, like to look at the few coins I've kept. As for everything else I owned, I sold it all and dumped the proceeds into my Roth IRA - which has grown significantly more in the past 5 years than all my coins combined over the past 30.

    • @THOMMGB
      @THOMMGB 3 месяца назад

      Having a Roth IRA with the right stocks and kept for many years can easily fund your retirement. That’s what I did.

    • @beethao9380
      @beethao9380 2 месяца назад +2

      yep. only rare coins can give someone a fortune. the recent ones are mass produced to sell to suckers and make it an expensive hobby.

  • @MeatPuppet1962
    @MeatPuppet1962 Год назад +5

    I found jars of coins at an old farm. I've sold only a few over the years to a private collector that I trust. Cash only. There were gold and silver coins all pre 1930. I'm glad i just sat on them for my later years, I knew prices would go this high. I need not be in a hurry. Don't worry it was the family farm.

  • @scott.c9587
    @scott.c9587 2 месяца назад +1

    Love the video. But one question. I had an MS-70 silver eagle and reluctantly I had to take it to the coins shop to sell and they would only buy it for market value of the silver and not as a certified MS-70. They said it was because they certify lots of these. I was pissed at their reason. What do you think?

  • @bobsal5776
    @bobsal5776 Год назад

    Great video bro! Thanks for the heads up.

  • @johnr5252
    @johnr5252 9 месяцев назад +3

    Wonderful. The whole idea behind certification was to protect the hobby and help assure coins were genuine and identified correctly. Now we’ve got criminals passing off counterfeit certified coins!!!

    • @donnavorce8856
      @donnavorce8856 5 месяцев назад +2

      Anywhere there's cash to be scammed they'll eventually show up for a share of the spoils. Sad but true.

  • @CatsMeowPaw
    @CatsMeowPaw Год назад +10

    The proliferation of ever increasing quality fake silver and gold coins is a real concern. I attend estate auctions and have to bring along my Sigma to test every coin, as so many are turning up now. Even if an NGC or PCGS holder looks legitimate I have to test the coin, as some fakes are sealed with a genuine hologram.

    • @ssr4656
      @ssr4656 Год назад +4

      Will the Sigma test in a holder?

    • @240dc
      @240dc 9 месяцев назад

      @@ssr4656 I was curious too, but after doing some quick searches it appears that the Sigma can indeed be used through plastic slabs and packaging.

    • @CatsMeowPaw
      @CatsMeowPaw 8 месяцев назад

      @@ssr4656 Yes, Sigmas test in a holder. The tester is not perfect and can give erroneous results, but it's a good backup.

    • @wirelessone2986
      @wirelessone2986 2 месяца назад

      Which model of Sigma do you use and is it reliable and effective?

  • @militantpacifist4087
    @militantpacifist4087 Год назад +7

    Awesome and interesting video! Thanks!

    • @SilverDragons47
      @SilverDragons47  Год назад +1

      you are very welcome thanks for watching! 🔥🐉

  • @MegaTapdog
    @MegaTapdog 6 месяцев назад +3

    this used to happen to us more frequently than you would think here in BC Canada with gold coins and bars, we used to have a pretty tight community here and would call at least 3 other shops and warn them and they would call three etc.
    I worked pretty well. Our friends in a neighbouring city were robbed, they called us in am and gave us a list and an hour later the thieves came in and tried to sell to us, we called rcmp and locked the door and they were arrested.

  • @MissTippiLu
    @MissTippiLu Год назад +9

    I came across a fake American Eagle coin this week at my local flea market. I explained how to test the coin with a magnet to one of the cashiers who was very surprised but I’m sure the manager knew it was fake. He saw me looking at it in the case and didn’t bother to come over to let me see it.

    • @SilverDragons47
      @SilverDragons47  Год назад

      sketch 🔥🐉

    • @tomhenry897
      @tomhenry897 Год назад +2

      Should report him

    • @edackley8595
      @edackley8595 2 месяца назад

      Yes, at least mentioning something to the flea market operator was in order.

  • @kbbpll7338
    @kbbpll7338 Год назад +4

    Another tip is to download a free QR reader and scan the barcode. Many of these fake labels are too poor to scan, or return info that doesn't match the cert and grade (counterfeiters are not just sleazy, they're lazy). One criticism - you emphasize "buy the coin, not the holder", but say nothing about how to identify that the coin is fake. Comparing the one with the NGC images was a perfect opportunity to note that the fake coin is clearly not the same coin NGC photographed, but all you focused on was that the slab style is wrong.

  • @TuliTuli_
    @TuliTuli_ Год назад +3

    Great information for everyone to know.

  • @mikes9759
    @mikes9759 Год назад +2

    Refreshing to see Harry and Adrian. Their very personable, honest and friendly!! Wish I was closer and could visit their shop! I think if they told me my stuff was fake I would have to have them call the police. Would hurt, but you can't try to drop the problem on somebody else!! Like counterfeit bills, their going to confiscate them.

  • @bouncerslabrealnature9143
    @bouncerslabrealnature9143 2 месяца назад +1

    This is hilarious 😂😂🎉....I can't stop laughing at the fact that anyone who spends that kind of money on a coin didn't have a clue they were fake.

  • @davidponseigo8811
    @davidponseigo8811 3 месяца назад +6

    I'm a 30 plus years law enforcement officer and I have worked at different times with the Secret Service on a few cases and a shop or merchant can confiscate fake currency but not fake coins. Fakes are only illegal if someone tries to pass them off as real.

  • @grumpygus81
    @grumpygus81 Год назад +6

    Being Canadian, I'm happy to stick with our Maples for smaller denomination stacking. They must be too difficult/costly to fake because I haven't heard of one yet...

    • @SilverDragons47
      @SilverDragons47  Год назад +13

      wait for my next video 😁

    • @Cat.54321
      @Cat.54321 Год назад +5

      Uh oh......

    • @Threedog1963
      @Threedog1963 Год назад +5

      Fake Silver Eagles are out there, why not Canadian Maples?

    • @brianrundle2875
      @brianrundle2875 Год назад +1

      How do you know as a collector that you dont have fake maple leafs.. You had to trust someone to buy it... even the Perth Mint in Australia has sold underweight gold coins..

  • @nighttigercomics7323
    @nighttigercomics7323 3 месяца назад

    Great video! Thank you for the education! I'm a big golden age comic book collector but it's fun to learn about other collectibles.

  • @thinkingimpaired5663
    @thinkingimpaired5663 Год назад +12

    I can visualize the parking lot beggars trying pawn off fake coins for money. Coin shops might consider taking pics of the fake coins and emailing the pics to other vendors.

    • @SilverDragons47
      @SilverDragons47  Год назад +1

      yeah not a bad idea really 🔥🐉

    • @thinkingimpaired5663
      @thinkingimpaired5663 Год назад +1

      @@SilverDragons47 last year I was approached by a family at night asking for gas. Even though I didn't give them money they wanted to give me a men's gold ring, which likely is fake. They said they couldn't wait till the banks opened the next morning. That was the first time I've experienced this type of con.

    • @PHUCKyoutube689
      @PHUCKyoutube689 Год назад

      ​@@thinkingimpaired5663 Gypsies. This is an old scam that seems to be making a comeback.

  • @fmlymn1
    @fmlymn1 Год назад +4

    My solution to this is to not buy coins in those NGC cases, if I was to have similar fakes; I would use them as decoys

    • @SilverDragons47
      @SilverDragons47  Год назад

      yeah decoys are a good idea just don’t accidentally mix them in with your real bullion haha

  • @Anonymouslives
    @Anonymouslives Год назад +2

    That’s crazy! I collect sports cards and they do the same thing with PSA slabs even getting a number that shows the correct card. PSA even gets fooled sometimes and grades fakes as authentic cards or cards with a signature of the player. Difficult to trust anyone with all of the tech out there to do these things

    • @hdj81Vlimited
      @hdj81Vlimited Год назад

      stop collecting them, it has no value. FOOD water and guns

  • @kennethnovak9102
    @kennethnovak9102 4 месяца назад +5

    When you talk about fake gold coins, are they real tender that's just electroplated with gold? If so can you still use them as a regular coin? I have a friend whos brother passed away & left him with thousands of "collectable" coins. He has no clue what is real, or what is fake, what do you suggest he should do to find that out?

    • @GTO90s
      @GTO90s 7 дней назад

      There is no available AU coins in our America's economy due to the dye coins whatever it look like a real to us, but the silver is only the answers that's it.

  • @ajmartineau8221
    @ajmartineau8221 7 месяцев назад

    I despise scumbags and scammers etc. Morals, values, integrity! Great job guys.

  • @auggieaxiom5726
    @auggieaxiom5726 9 месяцев назад +2

    when the store owner says buy the coin not the holder and the video maker goes on to talk more about the holder... GG

  • @woonsockettruthseeker9009
    @woonsockettruthseeker9009 9 месяцев назад +2

    Can you do a video on shopping channel silver coins? They had 300 yr old coins that looked like they were casted yesterday. They wanted $2000 a piece. Probably just 1 ounce of silver value

  • @lamarravery4094
    @lamarravery4094 Год назад +5

    That's why I don't like slabbed coins. Coins should be able to be touched. But I still think platinum is the way to go, due to the difficulty of counterfeting it.

    • @heeroru7781
      @heeroru7781 Год назад +1

      I love platinum. Weigh it, measure it, done.

  • @JewelryEnthusiast
    @JewelryEnthusiast 8 месяцев назад

    Wow, excellent video. Thanks for sharing!

  • @chrissahar2014
    @chrissahar2014 Год назад +2

    You can get silver coins that are authentic from ebay BUT usually from dealers selling mint sets or a silver coin in the original government packaging and looks very much untampered. I generally do not get bullion coins (maybe once a year) and avoid anything that has substantial numismatic worth. For those I go to a brick and mortar dealer to see the object in person. A reputable dealer will hold a coin for your if you want to double check the dealer's track record and the coin. If a dealer is pressuring to buy something immediately that to me is a red flag to run far away!

  • @gregmerten9529
    @gregmerten9529 8 месяцев назад +1

    Interesting video. You speak about testing the coins ourselves. What is the best method to test gold and silver?

    • @ibberman
      @ibberman 2 месяца назад

      Yep, no answer.

  • @markedfortime
    @markedfortime Год назад +9

    Anyone buying PM's need to invest in a sigma metalytics, a coin pinger and a balance tool for gold oz coins and a pocket balance. The latter three can be carried in a pocket, but are not bullet proof. All of theses tools together get you to a very high confidence level. As long as you have a phone, you should scan and compare stabbed coins as an extra measure.

    • @WorldMoneyWins
      @WorldMoneyWins Год назад

      At least make a coin slide, and a pocket pinger along with the Sunshine lens.
      Much of the risk is gone when buying from a reputable dealer. It still happens though.

    • @SilverDragons47
      @SilverDragons47  Год назад

      experience is a great thing to have as well 🔥🐉

    • @dennisdragomir7572
      @dennisdragomir7572 Год назад +1

      they got the weight right, and the fake slides like real silver.. Passes sigma too, but bad portrait

    • @WorldMoneyWins
      @WorldMoneyWins Год назад

      @@dennisdragomir7572 WOW, those weren't able to be verified on the Sigma? Do you use the Pro version, or the base model?

    • @rickemmerich1
      @rickemmerich1 Год назад +1

      I agree, and for now I have one scan program on this phone. The whole thing cam to a head as I was standing chatting with old and new friends at the Organic Market here in Mexico. A local guy came up to me and asked if I wanted to buy a coin. I poked at it, thought OK, 1916, you have my attention. I assumed silver dollar, and about 90% silver, so I quickly offered 200 pesos, or about 9 bucks. The guy said “Give me 400.” I said “No” and turned to walk away. He said “OK” and I took the ‘risk.’ The scan said 16 dollars to 4800 or so. Upon digging at the NGC site (and taking a closer look to see it was NOT a dollar) I discovered it was a Barber Half, and the mint was SF. The price appears to be 570 or more. I will send it to NGC to get it authenticated.

  • @b12y5e
    @b12y5e Год назад +11

    Study your coins folks, dont just buy and stack. Inspect them, double check them, get familiar with the fonts used. I can immediately see the wrong font on the 2023 ASE. Also, the 2 sunrays touch Liberty's dress/flag but on the newer type 2 reverse coins, the sunrays on the obverse only have 1 ray that touches the flag...small things like that should alert you about the coin you are inspecting.

    • @WorldMoneyWins
      @WorldMoneyWins Год назад +3

      Great advice.

    • @SilverDragons47
      @SilverDragons47  Год назад +4

      yes always trust but VERIFY 🔥🐉

    • @amaizenblue44
      @amaizenblue44 Год назад +2

      Not just coins. Anything collectible. I almost bought a replica antique phone for reasonable authentic price.
      Always Google when in an antique/vintage store. 😅

    • @WorldMoneyWins
      @WorldMoneyWins Год назад

      @@amaizenblue44 That's a great point.

    • @b12y5e
      @b12y5e Год назад

      @@amaizenblue44 excellent point!

  • @dennisrisenberg8966
    @dennisrisenberg8966 4 месяца назад

    Such a good video, thank you!

  • @Sassyfrass955
    @Sassyfrass955 Год назад +2

    Wow..
    What a shame so many evil scammers out there. Thats alot of money to lose. Id be so livid. Thank you, good tips.

  • @BillGuyHawaii
    @BillGuyHawaii Год назад +5

    Thank you so much for information

    • @SilverDragons47
      @SilverDragons47  Год назад +1

      you are very welcome thanks for watching! 🔥🐉

  • @salcrochiola
    @salcrochiola Год назад +1

    This is scary. Thank you for the video!

  • @user-eo7cf2cd7k
    @user-eo7cf2cd7k Год назад +3

    I thought people collected counterfeit currency as long as it was stamped counterfeit. But I guess it is illegal. I thought I had seen some U.S. counterfeit notes for sale at a coin shop a couple decades ago in L.A., but can't remember. Collecting fake money would be an interesting area of collection.

    • @FrankBoston
      @FrankBoston Год назад

      You can order any of these fakes from a Chinese super store. Fake $100's as well as all of these fake coins, and even fake Credit Suisse gold bars. They're a couple bucks. The better fakes are a bit tougher to find and cost a little more, but the crooks trying to pass these are NOT losing money. We're talking a few bucks for a couple grand.

    • @PHUCKyoutube689
      @PHUCKyoutube689 Год назад

      The law states possession with intent. Meaning mearly possessing it isn't a crime on it's own, like using them as decoy, if you are trying to spend it or sell it, knowing it was fake, you would be committing a crime. It's a hard crime to prosecute.

  • @ErrorAcquired
    @ErrorAcquired Год назад

    Great video. Loved it

  • @janwitts2688
    @janwitts2688 Год назад +2

    Every attempt to pass off a fake should be fully investigated...

  • @itsonlyafl3shwound
    @itsonlyafl3shwound Год назад +1

    QUESTION // NEW SILVER EAGLE EDGE MISSING NOTCH, IS IT ALWAYS IN THE SAME SPOT OR DOES IT VARY DEPENDING ON THE MANUFACTURING MINT? I HAVE 2022 NEW DESIGN AND THE NOTCH IS BOTTOM LEFT NEAR THE SUN AND 2023 NEW DESIGN BUT THE NOTCH IS ON THE RIGHT SIDE HALF WAY UP AROUND THE MID SECTION?

  • @stunado
    @stunado Год назад +26

    Harry reminds me of the father from American Pie. 😂

    • @daesong1378
      @daesong1378 Год назад +2

      He reminds me of the old man from UP

    • @stunado
      @stunado Год назад

      Mr. Fredrickson!!!!

    • @joeblow8206
      @joeblow8206 4 месяца назад

      Adrien could pass for my Mexican neighbors four year old son

  • @goldsilverstackers1
    @goldsilverstackers1 11 месяцев назад

    I have seen a lot of counterfeit slabbed coins lately in my area as well. It's very concerning

  • @RobertLee-wi5kc
    @RobertLee-wi5kc 9 месяцев назад

    Great content. Did the customer mention where he got the fakes? Or what he paid for them? Guessing it was a GREAT DEAL:(

  • @theceltbeserk1
    @theceltbeserk1 Год назад +2

    I have run all my NGC graded coins through their site, but sort of feel I need to take a second look at everything I have. Should there always be a picture? I'm pretty sure I have some that were registered but there was no photo. I cant say that all my earliest purchases were from legitimate shops or dealers. And I did get some fake Silver Eagles, but I was highly suspect at the time of purchase, but wanted to get one in my hand to test myself. They were bad knock offs. The diameter and thickness were noticeably off when placed on a true Eagle. The font was easily spotted as different as well as sloppy. They did pass magnet test and weight, but failed ping test. They came sealed in round capsules. like glue sealed.

  • @lewis7315
    @lewis7315 Год назад

    there is one story out there where a shop owner bought gold coins from a local dealer for years only to find out after he retired that all of his retiremen money in coins were fake...

  • @yourshootingbuddy
    @yourshootingbuddy Год назад +8

    To me this is scary. If I were buying a stabbed coin I would never feel like I should try to take the holder apart. Also, I think its harder to examine the coin when its in a holder like that. I only buy from the known online dealers and not people with a table at the gun show or whatever. Thanks for the video SD.

  • @dennissvitak148
    @dennissvitak148 Год назад +5

    West Germany, 1971. My dad and I (I was 15) were in a junk store, and saw a $5 US gold coin. They only wanted $30 for it. HELL YES!!! I grabbed it, immediately. The mistake the owner made? He brought out a SECOND $5 gold coin, identical year and mint mark. Umm....NO.

    • @bashclassof04
      @bashclassof04 2 месяца назад

      having pre 1933 gold in quantity in Europe at that time wasn't uncommon. so it's very possible to be real

  • @CSAN
    @CSAN Год назад

    Good info to share 👊

  • @Techman988
    @Techman988 Год назад

    Great way to verify pieces is buy at least 1 genuine gov mint piece from each major mint. That way you at least have 1 to reference off of. Gold is a little trickier since its a little more pricy to obtain but you get the gist.

  • @robbrowning5640
    @robbrowning5640 Год назад +47

    This causes ALOT of distrust in the bullion community its insane how good the fakes have gotten lately!

  • @Bedsheet_Necktie
    @Bedsheet_Necktie Год назад +1

    Can the "Sigma Metalytics Precious Metal Verifier" work on coins that are encapsulated / sealed in holders?
    Just like watches..., if you have high enough value ex.(2023 American Eagle 1 oz. Gold), some ppl/companies would invest heavy in a quality fakes.

  • @ferebeefamily
    @ferebeefamily 11 месяцев назад

    Thank you for the information.

  • @williamshanaman5098
    @williamshanaman5098 11 месяцев назад +1

    This is why you don’t buy gold or silver from ads on TV

  • @sixfigureskibum
    @sixfigureskibum Год назад

    Scammers make starting up in the minting / pouring space extreamly difficult

  • @JOSEPH-qo7fr
    @JOSEPH-qo7fr Год назад +5

    Wow !!!! NGC. THIS IS SCARY!!

  • @Gna-rn7zx
    @Gna-rn7zx 2 месяца назад

    This makes me wonder if all this fancy casing is more of a help to counterfeiters than if we just handled the metal.

  • @DrMario69
    @DrMario69 Год назад +11

    I have those same slabs. I buy them from china for $1 each and make my own labels. The easiest tell is the label, and the finger slots to open the slab. I like to use the slabs to slab my own coins. They do seem very similar to NGC slabs, and thats why I like them. Sometimes they put fake coins in and glue them, those are ones really gotta watch for can't weigh the coin. Also the holo sticker on the back, china sells them in books cheap. So the sticker means nothing unless you have one to compare with.

    • @alangb2086
      @alangb2086 Год назад

      'books of holo stickers' what chance do we stand then😡

    • @SilverDragons47
      @SilverDragons47  Год назад +1

      always gotta check your coins to make sure they are legit 🔥🐉

    • @brianrundle2875
      @brianrundle2875 Год назад

      Yes all roads dealing with fake coins lead to China

  • @nothingleft3473
    @nothingleft3473 2 месяца назад

    6:10 He looks a lot like Robin Williams and has that same calming and friendly demeanor that Robin had.

  • @yayger825
    @yayger825 Год назад

    They're getting so good at it now the coins are plated thick to avoid detection

  • @heidigib01
    @heidigib01 Год назад +1

    Oh dear lord I hope the big online shops check this!

  • @DopecatSpotted
    @DopecatSpotted Год назад +1

    That really sucks, makes buying anything from anywhere just that much more risky. Dammit

  • @user-eo7cf2cd7k
    @user-eo7cf2cd7k Год назад

    Goldback should come out with a mining scene vignette on their aurum notes. Something like they used on old mining stock certificates. Also, a good American Indian scene would be good, with feather headdress / war bonnets. The notes don't have to be sponsored by states, just have them issued just by Goldback. States do not matter except to collectors. They are all fungible in you are not a collector. And once you start paying super high collector $$ it loses it value as a barter item in SHTF. That does not mean you will lose a Goldbacks premium, it means people are not interested if the premium is stupendous unless they are paying the collector value.

  • @krazykobe8
    @krazykobe8 Год назад +11

    did these fail the sigma machine?

    • @WorldMoneyWins
      @WorldMoneyWins Год назад +1

      Ya, the Sigma would catch them easy. I've found a few myself on my Sigma Pro.

    • @SilverDragons47
      @SilverDragons47  Год назад +2

      yeah they would fail for sure 🔥🐉

  • @PonziZombieKiller
    @PonziZombieKiller Год назад

    Thanks for sharing ✌️

  • @kellycoleman715
    @kellycoleman715 Год назад +22

    Wow. That’s disturbing. A few years ago I took some uncirculated coins out of a 20th century type set holder to have appraised at Heritage auctions in Dallas. I started collecting coins in 1964 with my late father, long before the days of coin grading services and the coin specimens in the set were in pristine condition with no toning. Some would have graded MS 65+ easily. To my shock, two of the cocky young appraisers said they had been brushed. Nonsense. I knew they hadn’t and later sold them online to savvy collectors for hundreds of dollars. It would have cost me quite a bit of money to have sent them to PCGS or ANACS to be individually graded and slabbed and I probably would have been able to sell some for thousands instead of hundreds but I needed money at the time and didn’t want to go through the expense. Be aware of coin graders who profess to have experience but don’t.

    • @timber72
      @timber72 11 месяцев назад +5

      And you are...?
      So, you took the coins to Heritage...a world class auctioneer...and the PROFESSIONALS told you the coins had been "brushed" (I guess you mean "whizzed")? And you...a non-professional...think they were wrong, just because you "bought the coins a long time ago"? How do you know they hadn't been "brushed", whatever that means?
      Then, you refused to get them professionally graded, because you "needed the money"? And how do you know the collectors you sold to online were "savvy"? Did you know them personally? Did you really mean "suckers"?
      I mean, your whole comment here seems to be precisely the situation you warn against in your last line.

    • @RobertLee-wi5kc
      @RobertLee-wi5kc 9 месяцев назад +2

      @@timber72 Wow I was going to make the same point but you did it so eloquently.

  • @alanhartoonian2275
    @alanhartoonian2275 28 дней назад

    Great video thanks 🎉

  • @AnotherOverTaxedTaxPayer
    @AnotherOverTaxedTaxPayer Год назад

    So did the coinshop confiscate those coins....? Did they accidently buy them? How did they aquire them?

  • @sanfranciscobay
    @sanfranciscobay Год назад +1

    Are Counterfeit Sigma Machines being sold?

  • @jimburke8325
    @jimburke8325 Год назад +2

    Newbie asking: When you sell coins or rounds to a dealer do they have to be out of the plastic capsules or do they buy them in the capsule?

    • @WorldMoneyWins
      @WorldMoneyWins Год назад +1

      Either way. They can verify them even inside a capsule. I would recommend taking them in to the dealer as you have them. :-)

    • @SilverDragons47
      @SilverDragons47  Год назад +3

      usually they keep everything in the capsule 🔥🐉

    • @jimburke8325
      @jimburke8325 Год назад

      Thank you

  • @arthuridis
    @arthuridis 11 месяцев назад

    This is why people are turned off from numismatics. Bad experiences from unscrupulous online sellers and in person sales whether they are private, a dealer or a wholesaler.

  • @5ringsaudits
    @5ringsaudits 9 месяцев назад

    A simple weight test and checking the bar codes then a magnetic test usually does the trick then a PM tester, go from there…

  • @aleski4090
    @aleski4090 Год назад

    Found one of your 2020 hand poured 10oz bars at the LCS here in Sacramento region. Snapped that right up.
    Just Keep Stacking

  • @pmh1nic
    @pmh1nic 10 месяцев назад

    It’s amazing the amount of effort put into scamming people.

  • @emperorwang0861
    @emperorwang0861 6 месяцев назад +1

    Harry: "it's bad etiquette."
    Reality: it's fraudulent behavior.
    Harry is such a nice guy.

  • @sblive7239
    @sblive7239 Месяц назад +1

    I have been wanting to buy a $20 double eagle gold coin, and have seen a bunch online on Ebay and websites, but can not trust if its real and authentic. Have seen way too many counterfeits out there.

  • @jamesjoy8866
    @jamesjoy8866 2 месяца назад

    I bought a silver eagle that I was almost sure was fake. I took it to the dealer I buy silver from. The sales lady told me it was fake without even touching it. The owner told me it is a crime to possess counterfeit coins. He said get it marked with the word copy to be legal. I had an engraving store add Copy so I could keep it. When I reported the issue to Etsy they refunded my purchase price.

  • @glenlechlitner6362
    @glenlechlitner6362 5 месяцев назад

    A coin shop telling you have junk and want to take your stuff; dirty is no surprise.

  • @iksplizit
    @iksplizit Год назад

    I'm pretty sure I saw these on offer up. They had them posted for a lot cheaper then they should've

  • @bobsacamano7653
    @bobsacamano7653 11 месяцев назад +1

    How do you test a coin in a holder without breaking the holder?

  • @morganmaniac1364
    @morganmaniac1364 Год назад

    With NGC their is a security feature on the label itself! Blacklight plus label, you'll see!

    • @dennisdragomir7572
      @dennisdragomir7572 Год назад

      buy the coin, not the holder.. Buy from reputable sources

  • @bentonroseberry1748
    @bentonroseberry1748 Год назад +4

    I would have liked to know how they knew they were fake, besides the plastic container.

    • @larrywheels762
      @larrywheels762 11 месяцев назад

      The fake container is used to fool a buyer into believing the coins are graded by NGC. A credible coin grading company.

    • @harrygreen1406
      @harrygreen1406 11 месяцев назад

      yes me to like he said buy the coin not the holder . he could of tested it a number of things could tip him off.

  • @CKILBY-zu7fq
    @CKILBY-zu7fq Год назад +1

    Yeah but you haven't replied to my question which you brought up, when did the Ridge Security mark start?, what year coins are these marks on?
    Are they on older coins also or just these new ones.