Worn-out Euro coins go through a de-coiner, it cuts them into pieces and bends the pieces out of shape. Then its sold as scrap metal. Then a factory in China was discovered where they flatten out and re-assemble those pieces into new fake 1 and 2 euro coins, for which they get the face value of one or two euros a piece. How does that even work. One would imagine its waaaay too much work for a 1 or 2 euro reward.
@@kurtilein3 it does seem like it wouldn’t be worth it, but if the foreign currency exchange is at a good rate and the people making them can be paid a low enough wage, with a decent production rate-efficiency… I’m sure it adds up. Seems better to just put the effort into something more lucrative and above board, but that’s from my limited perspective. People need to get by and likely don’t care about the integrity of another countries collectibles. It’s too bad.
@@sageschroeder These are not collectible, these are our regular circulating coins they have been faking. 5 Euros is our smallest paper bill, so we have a lot of the 1 and 2 Euro coins floating around.
It's a shame what happens to that gentleman, but he's not alone. And yes it was very kind of him to share with us what happened. You have made the hobby and business of coin stacking and collecting that much safer for all of us. I have 40 years of looking at coins and with that kind of time under your belt, you can spot the odd-looking coins. And always remember to follow your gut feelings, if something just doesn't look or feel right put the coin down and walk away. Thank you Joel for sharing your story with us. Your kindness will be repaid, and Karma to the crooks that sold you the counterfeit coins.
I’m the manager at my family owned pawnshop and I love dealing in coins. I just put my order in with your code. Can’t wait to use the pocket pinger! You got a subscriber 👍🏻
I had NO IDEA that this was happening. I mean I knew there were fakes out there, but didn't know they were done so well. Thanks for sharing this information!
My son returned from Afghanistan a few years ago and brought me a silver dollar. I examined it and found that the front and back were years apart. That prompted me to check it with a magnet. The magnet immediately drew it to it. A vendor in Afghanistan was selling them to the soldiers stationed there for $3.
Often in the past counterfeiters were put to death. There were also alternative punishments like many years in prison and massive fines. I believe that it was England who at one point would slice off the nose of a counterfeiter.
I have been collecting for 30ty years finding coins in lawns etc. Love History and Love coins too. But only started buying from”Dealers” in last 7 years.This is a very informative talk. Much appreciated
I still remember my first Peace Dollar. A wonderfully beautiful coin, a bit thick but the weight was right. Doubts came to me only when it started to rust
I bought a tube of Morgans from an Asian country that all turned out to be fake. The price was too good to be true and it was. I took this as a learning experience and gave some to fellow collectors to learn from.
Another way of checking for counterfeit Morgan Dollars is in the reed edge counting. There are many Morgan books out there that will tell you the number or reed edges on each Morgan. It is different from year to year. The holy grail of Morgan Dollars is the 1893-S and it is unique in the number of reed edges. Also, there are many Morgan books with excellent details on specific Morgans that help. I don't think most people really understand the level of detail put into the study of Morgan dollars.
As I recently posted in my own comment, I believe many of these fakes, including your Trade Dollar, have been created primarily to cheat Chinese savers, who've traditionally long preferred big silver over even gold, rather than chiefly to bilk Western numismatists. But they'll do that too, it seems.
Something else that is all too common: Dealers claiming your coins are fakes and convincing you that you need to just give them up for disposal. NEVER trust a coin dealer. Learn how to tell the difference yourself. For every tool a dealer can use to verify a coin, there is a tool just like it that will prove its a fake.
If you find a small break shear it clamps down the coin and cuts it for a clear view of the interior material for easy identification…just an idea and most sheet metal shops have one
I would like to add that I'm very thankful for your channel and all the information you have provided in the community and I only buy from a reputable lcs or online dealer as well because I was able to watch many videos before my first purchase so thanks very much
The dimples are grab marks from coin counters that were used back in the day, from what I understand or was told. Some of the toning looks like an oil based cleaner
Note regarding the pocket pinger…it should not be used on numismatic coins, as the plastic nub will leave a near invisible mark on your coin. Read the disclaimer and understand the risk of using the PP on collectible coins.
I just hold the coin and ping it with another coin. Here is where I triggered the entire comments section. Obviously not coins in high enough condition or rare enough date to mean something. But I'll hold shiny silver bullion Eagles in my bare hands and bash them together all day long. I like the sound they make.
Yes! I picked up a Pocket Pinger a few months ago and found a fake ASE I had picked up a few years ago... A Great Tool! LOTS of fakes are on the market! Use discretion when buying! Just Keep Stacking! Thanks Speg!
When you collect coins for years these fakes stick out like a soar thumb. I feel bad for new collectors. Fakes are way more abundant than when I started collecting.
Great video! Unfortunately lots of fakes out there. These types of videos need to be watched by everyone a couple times a year. Especially as the value goes up on silver.
When you mentioned counterfeit books it reminded me of my Navy days in the mid 1960s in the 'Far East', on certain well known Island there were counterfeit book and record stores where we could buy anything from Motors Auto Repair Manuals to all the Charlie Brown cartoon books and any 33 rpm hit record in the world for 5 - 10% of the cost back in the states...
I love my pocket pinger! It hasn’t let me down yet. Everything it told me was real, was indeed real when my LCS let me use his tester. Thanks for turning us on to it now months ago Spegtacular!
LOL that part when you said people sell like 30 coins and call them self a dealer that was definitely me back in the day. I used to find fakes all the time and ebay always got me full refunds. i cut 2 open and saved the other 15 or so. couple german and foreign stuff from the 1800s and silver dollars. ( none ever weighed close to right and was never magnetic) ping test goes a long way
In 1893 they estimated 50 million dollars in circulation, 20 million in bags as bank reserves, and 175 million in bags still held by the government never released. Bag marks are real. But then the majority of those uncirculated Morgan dollars got melted down because of WW1.
I carried around this 1954+ Dutch 2.5 Guilder coin. 33mm 72% Ag 18g gross. Accidentally put it on the butcher's counter. His eyes immediately lit up, it sounded different.
How do you build an entire collection of fakes. At no point in your collecting do you do any testing? Testing your coins is a huge part of the whole collecting thing, at least it is for me
Thanks for the continuing education. I do buy circulated Morgan and Peace Dollars. But, only from reputable sources. I’ve bought quite a few from Coin Guy.
What I find amazing is the different years. You would figure that counterfeiters would have limited numerical dies available to them. Maybe 1-3 year spans... but 1880s-1920s is scary... This is why I stick to finding my silver , IN THE GROUND!!
I can't believe how crooked people can be. . what ever happened to honor, integrity, and pride with providing a good product at a great price? All these bums are wasting their life on a lie. I heard a dealer sold a safe full of sealed gold coins and after 20 years of selling fake gold to his loyal customer not one was real. His whole life was a lie. That's how people get KILLED. You have great information and know who you buy from. Neal
The fakes may be made of a type of stainless steel that is colored gold. It's the same metal being used to make fake gold jewelry, of which I have a necklace I found metal detecting, which was tagged 18K and Nitric Acid will smoke when it comes into contact with this metal.
I just recently found a hoard of coins full of fake silver dollars and key date wheat pennies in a relatives house that passed a couple years ago. Tons of real wheats and some other things but all the silver fails weight and ping tests
I really enjoy viewing Speg Tacular videos on RUclips!!! I enjoyed learning the difference between a real Morgan, Peace Dollar and a counterfeit!!! I really enjoy your demonstration of the pocket pinger! Please share with me how I can aquire my very own pocket pinger!!! Thank, D. L. Polk. 😊
I was hoping to see him cut the Morgan open, so we could see the inside the coin. A Dremel with a cutting blade would easily have done that. Putting it on a grinder would also work. It would have been interesting to see if the metal was layered or if it was all the same. Thanks for the great video! You are to be commended for educating others about all the fake coins that are out there.
Yes, but other than that, and perhaps the lack of more emphasis on the size and thickness of the coins, and the proper introduction of that electronic device, this was a relatively decent, informative video.
If you ever go to Canutillo, Tx. on a Sunday at the swap. There is a vendor there selling (I don't call it fake) I call it "counterfeit" coins because that is what they are. Morgan dollars that look and feel real but they are illegal because it's the law.
I collect high-end Magic: The Gathering cards, and the best fakes are still crap and easy to identify with due diligence. When i go look at cards, i have a jewellers loupe, real cards from the same print runs for comparison, and the flashlight on my cellphone can be used to send light through the card.
I am curious how this 'collection' came together for your correspondent (perhaps I missed it). Was it accumulated over a period or from a single source e.g. an internet profile? I wonder how old the fakes are, because I see metal detectorists in Europe dig up occasional counterfeit coins but ones that were contemporaneous to the real coins in circulation.
I have 3 grandkids. My 9-year-old is the oldest girl and then my other granddaughter's her sister she's 8 and my grandson is six. We just started collecting coins because my dad left me some very old coiins. So we just now got into it and we're looking through all the 50 states all the errors etc ..lol They get so excited! I have old dimes that I looked up and said that they could be worth like $10,000 or whatever and now I'm over here like holy crap are they real? How on earth will I ever get to the level of knowledge in knowing if they are or not 😳 I'm a total rookie in this hobby.😅 The time spent with my grandkids is the most valuable part of this coin collecting we are doing. Out of the 5 'rare states" as they call it We are only missing Missouri😂 However it's such a wonderful bonding time with my grandkids. I They absolutely love it! I mean my grandson is 6 and his dad was a little in shock because he called me and was like,(My grandkids call me Gammy) "Gammy I found the Alabama quarter we were looking for!!! It's a D mint and probably the state that it's in maybe a M57"🤣🤣🤣 His dad was like "I had no idea what he was talking abou"😂 Then I explained to his dad it's our little secret that we do this almost everyday. The kids love it! I love it as well. I'm still learning so THANK YOU for this video! I know it's a year old but thank you for the education on this!❤️ I absolutely subscribed of course ❤
The one that you tried to melt may be a nickel alloy. I used to work in a specialty metals plant, and some of the nickel alloys had that same gold hue, and melt closer to 2700 F, which is too hot for blow torch.
You can actually see the chemical residual on the coins to give them shene,plus the way there stained basically identical which is that in itself unusual. Very good learning video.
When you grabbed the real Morgan to compare the fake with the real you should have used a pre-21 Morgan because the old Morgan's were different than the 21 strike because they had to remake the dies for 1921
I think those "4 dimples" are meant to look like contact marks from coins dropping on each other. Could be the counterfeiters signature.......who knows. Is the CC dollar you mentioned also a known counterfeit? There needs to be a crack down on these. Morgan's and peace dollars, mercury dimes are all still considered legal tender with a face value
Last time I was in Hong Kong (after Chinese take over) you could go to any market and buy handfuls of fake coins for a couple bucks each. I even saw seated liberty dollars there. I saw a couple with casting balls still on the “coins”. As you said the sound and feel are off when you handle them. My wife got me some as a surprise when we got home. Just thanked her and set them off to the side.
I only buy coins that are AU or MS because I feel like the more wore out coins are the harder it is to tell if the are genuine. I also pull up images from pcgs and make side by side comparisons looking very carefully at things such as the date, device details, letter font, and the denticles to be sure I am buying only genuine coins. Sometimes I get scared what the future holds for our hobby, I worry someday fakes will be so good it will destroy they hobby
that's a bummer, my LCS charges too much and my local pawn has good prices but I always have him throw it on the verifier I even have the LCS do it because what are the chances they run every coin that comes in the door when dealing with 1000s of coins from 1 seller.
With my having been both a collector and sometimes a coin shop owner,I can say that, the dollars would not have fooled me at all. The Mercury's at a glance would have made me happy if they walked into the store. With a little closer examination I would have realized they are fake. This is scary: these fakes are better than previous ones. Now, I wonder, will they become so good someday that only the grading services will be able to recognize them as fakes?
I have an 1881 Chile peso which is fake. I bought it from a registered coin dealer too and he refused to acknowledge it was fake even though it has a clear seam that runs through the reeded edge and it is very dull when pinged, i bought it encapsulated and only realised it was fake weeks after i bought it. You have to be careful what you buy these days even from coin dealers! Their authenticity guarantees clearly mean nothing!
I have a what I believe to be counterfeit 1921 peace dollar. weights a little more, "PEACE" is completely missing, and the worst part is when I picked it up with a magnet. looks to good in my little collection to ever let it get into circulation. just so ya know there's another one, not out there.
Scammers are literally everywhere, could be your next door neighbor. I dabble in sport cards, comics, coins, stamps, memorabilia and all of them are flooded with people trying to scam. And most of them will get caught and get exposed so they just change there name and keep doing it. It’s sad, how people have to ruin something like collecting cards, coins or comics just so they can make some extra money. If only they would put that much effort into a job instead of these elaborate scams.
So question about the fake coins. Can you find out what metals were used? If so could those metals be reused into something else if you are able to melt them.
@Tony - you would need an x-ray spectrometer to determine other elements in a metal object. They are very useful for gold nugget purity & can help identify location & geologic conditions. The ranges I've seen used by pm deals run 11k to 19k. Won't buy a nugget without one. Australian nuggets have the highest gold content. 97 - 99%. The rest is typically mostly silver, with some trace of chromium, Pt., Pd, Fe, Krypton. My primary LCD has one, mostly for scrap jewelery.
I inherited a decent lot of coins like 5 years ago and since I am not really a collector I’m thinking on going to a specialized store to get them appraised, so, wish me luck 🙏🏽
Recently i stumbled in Germany over a 1890s japanese Yen (Trade Dollar). It looked weird, so i "pinged" it, it rang fairly long and high pitched. The magnet test, passed. Then magnet slide, it slowly slided down. Everything honkie dorie? Well, it stuck very light to a powerfull rare earth magnet. I assume they created an alloy with ringing sound properties and a small iron core, to mimic the slide action. Watch out, i like to hear similar experiences.
2:25 a comment written by a person who was once a baby who had to learn literally everything from somebody else to survive to expect somebody to have learned something they never had the opportunity to is definitely poor mannered. I bet that commenter has a lot more to learn in life.
My lcs had a cc Morgan’ in his display case. Had fake stamped on it but he didn’t catch it. Paid for it as a regular cc. I showed him and he wasn’t to happy.
How manny walking liberty half’s have you seen ? I’ve seen none but I have seen a Morgan . How would one check those coins that are sealed up when graded . There in those slabed and sealed up !
the most horrific of the death penalties in history were reserved for counterfeiters; things like breaking on the wheel, boiling alive, and drawing and quartering. for more information and verification check out dan carlin's hardcore history painfotainment episode on youtube
A fake cc that I have someone took a legit cc from a more common year, cut it out, and glued it to another morgan where the cc mint mark was rare. They missed the bottom rim just about a milimeter
The Peaces and Morgans were fairly convincing, the Mercs... yea, they had a particular "cheap looking" coloring to them, and all are too congrent in look to be real. Also interesting that they all seemed to have full bands.. that much is suspicious in itself.
There’s a ton of these Morgan’s coming out from China! I found some on Amazon. It’s a shame. I was robbed last year during an unexpected move, all my gold and silver, collectible coins and bills, electronics, my bass, backup HDD with 10 yrs of producing music and a lifetime of pictures, nice clothes, etc. years of work, gifts and investments. Then my dog died. Then I went out to try to rebuild my stack and I got a few fakes. I can spot em too but they put them in a stack under some real ones. Glad you’re talking about these.
Those are some very convincing fakes, scarry stuff. I have some experience having bought fake silver and gold in the past. Luckily not to much experience lol. Great video!
Those fake Peace Dollars usually have the O in "One" too close to the edge. Not always, but it's a good thing to check. Probably made out of some Nickel based alloy if it was that hard to melt.
I never would have guessed that the Chinese were faking dimes. That's very eye opening. Thank you for sharing this.
Worn-out Euro coins go through a de-coiner, it cuts them into pieces and bends the pieces out of shape. Then its sold as scrap metal. Then a factory in China was discovered where they flatten out and re-assemble those pieces into new fake 1 and 2 euro coins, for which they get the face value of one or two euros a piece. How does that even work. One would imagine its waaaay too much work for a 1 or 2 euro reward.
@@kurtilein3 it does seem like it wouldn’t be worth it, but if the foreign currency exchange is at a good rate and the people making them can be paid a low enough wage, with a decent production rate-efficiency… I’m sure it adds up.
Seems better to just put the effort into something more lucrative and above board, but that’s from my limited perspective. People need to get by and likely don’t care about the integrity of another countries collectibles. It’s too bad.
@@sageschroeder These are not collectible, these are our regular circulating coins they have been faking. 5 Euros is our smallest paper bill, so we have a lot of the 1 and 2 Euro coins floating around.
CCP subsidizes the counterfeiters at a loss as part of their grand strategy to supplant the west!
China faking things ohh noo why would they do that :,D china fakes everything.
It's a shame what happens to that gentleman, but he's not alone. And yes it was very kind of him to share with us what happened. You have made the hobby and business of coin stacking and collecting that much safer for all of us. I have 40 years of looking at coins and with that kind of time under your belt, you can spot the odd-looking coins. And always remember to follow your gut feelings, if something just doesn't look or feel right put the coin down and walk away. Thank you Joel for sharing your story with us. Your kindness will be repaid, and Karma to the crooks that sold you the counterfeit coins.
I believe the alloy is called Chinesium. Commonly used to make drill bits and low cost socket sets
🤣
I’m the manager at my family owned pawnshop and I love dealing in coins. I just put my order in with your code. Can’t wait to use the pocket pinger! You got a subscriber 👍🏻
Awesome! Thank you!
I had NO IDEA that this was happening. I mean I knew there were fakes out there, but didn't know they were done so well. Thanks for sharing this information!
My son returned from Afghanistan a few years ago and brought me a silver dollar. I examined it and found that the front and back were years apart. That prompted me to check it with a magnet. The magnet immediately drew it to it. A vendor in Afghanistan was selling them to the soldiers stationed there for $3.
Often in the past counterfeiters were put to death. There were also alternative punishments like many years in prison and massive fines. I believe that it was England who at one point would slice off the nose of a counterfeiter.
I have been collecting for 30ty years finding coins in lawns etc. Love History and Love coins too. But only started buying from”Dealers” in last 7 years.This is a very informative talk. Much appreciated
I still remember my first Peace Dollar. A wonderfully beautiful coin, a bit thick but the weight was right. Doubts came to me only when it started to rust
I bought a tube of Morgans from an Asian country that all turned out to be fake. The price was too good to be true and it was. I took this as a learning experience and gave some to fellow collectors to learn from.
Counterfeit coins ruin the hobby and turn people off to trusting in the hobby. 😢
But the dimes can be used in a store, even if there fake, don’t you think
Another way of checking for counterfeit Morgan Dollars is in the reed edge counting. There are many Morgan books out there that will tell you the number or reed edges on each Morgan. It is different from year to year. The holy grail of Morgan Dollars is the 1893-S and it is unique in the number of reed edges. Also, there are many Morgan books with excellent details on specific Morgans that help. I don't think most people really understand the level of detail put into the study of Morgan dollars.
Im 72 years old and your good, and i just love watching you.
Fakes would go nicely in a dummy safe.
never thought of that, thanks
dumbsafe, love it
Lol
That’s a great idea
Omg lol
Brilliant. Great idea
The fake dimes were an eye opener, thanks for showing.
I've found a few fake coins over the years, the last one I found was the 1911 uk British trade dollar, great info on this upload sir
As I recently posted in my own comment, I believe many of these fakes, including your Trade Dollar, have been created primarily to cheat Chinese savers, who've traditionally long preferred big silver over even gold, rather than chiefly to bilk Western numismatists. But they'll do that too, it seems.
When the pocket pinger resonates that's music to my ears! 🙂
They are worth something because you can use them in a decoy safe to protect the real safe.
Something else that is all too common: Dealers claiming your coins are fakes and convincing you that you need to just give them up for disposal. NEVER trust a coin dealer. Learn how to tell the difference yourself. For every tool a dealer can use to verify a coin, there is a tool just like it that will prove its a fake.
If you find a small break shear it clamps down the coin and cuts it for a clear view of the interior material for easy identification…just an idea and most sheet metal shops have one
BLESS YOU JOEL FOR NOT GIVING UP BUT SENDING TO SPEG SO WE MAY LEARN A BIT MORE....THANK YOU.
I would like to add that I'm very thankful for your channel and all the information you have provided in the community and I only buy from a reputable lcs or online dealer as well because I was able to watch many videos before my first purchase so thanks very much
Awesome 😎 glad to help
The dimples are grab marks from coin counters that were used back in the day, from what I understand or was told.
Some of the toning looks like an oil based cleaner
Note regarding the pocket pinger…it should not be used on numismatic coins, as the plastic nub will leave a near invisible mark on your coin. Read the disclaimer and understand the risk of using the PP on collectible coins.
I just hold the coin and ping it with another coin. Here is where I triggered the entire comments section.
Obviously not coins in high enough condition or rare enough date to mean something. But I'll hold shiny silver bullion Eagles in my bare hands and bash them together all day long. I like the sound they make.
Yes! I picked up a Pocket Pinger a few months ago and found a fake ASE I had picked up a few years ago... A Great Tool! LOTS of fakes are on the market! Use discretion when buying!
Just Keep Stacking!
Thanks Speg!
Where did you buy it from? How much are pocket pingers? Thanks
When you collect coins for years these fakes stick out like a soar thumb. I feel bad for new collectors. Fakes are way more abundant than when I started collecting.
Great video! Unfortunately lots of fakes out there. These types of videos need to be watched by everyone a couple times a year. Especially as the value goes up on silver.
When you mentioned counterfeit books it reminded me of my Navy days in the mid 1960s in the 'Far East', on certain well known Island there were counterfeit book and record stores where we could buy anything from Motors Auto Repair Manuals to all the Charlie Brown cartoon books and any 33 rpm hit record in the world for 5 - 10% of the cost back in the states...
you dont think those counterfeiters still exist?
@@hypnotherapycw Everything is today, one of the worst is OEM auto parts, cause DIYers many expensive problems...
Wow, counterfeit DIMES ! Makes me a little intrigued to want to check my entire stack.
Me too lol every time time to bust out the test acid
I love my pocket pinger! It hasn’t let me down yet. Everything it told me was real, was indeed real when my LCS let me use his tester. Thanks for turning us on to it now months ago Spegtacular!
Wow, that's crazy that those coins are fake! Who the HELL makes a fake dime? smh...
China
LOL that part when you said people sell like 30 coins and call them self a dealer that was definitely me back in the day. I used to find fakes all the time and ebay always got me full refunds. i cut 2 open and saved the other 15 or so. couple german and foreign stuff from the 1800s and silver dollars. ( none ever weighed close to right and was never magnetic) ping test goes a long way
The 3 or 4 dots on a coin are from a hit from the reeded edge of another dollar.
In 1893 they estimated 50 million dollars in circulation, 20 million in bags as bank reserves, and 175 million in bags still held by the government never released. Bag marks are real.
But then the majority of those uncirculated Morgan dollars got melted down because of WW1.
I carried around this 1954+ Dutch 2.5 Guilder coin. 33mm 72% Ag 18g gross. Accidentally put it on the butcher's counter. His eyes immediately lit up, it sounded different.
Ordered me a ping tester. Thanks much for the info. Enjoy your videos.
How do you build an entire collection of fakes. At no point in your collecting do you do any testing? Testing your coins is a huge part of the whole collecting thing, at least it is for me
I think the 4 marks on her neck are where they check to see if the coin is real
Isn't counterfeiting another countries currency and coins concidered an act of war?
Thanks for the continuing education. I do buy circulated Morgan and Peace Dollars. But, only from reputable sources. I’ve bought quite a few from Coin Guy.
What I find amazing is the different years. You would figure that counterfeiters would have limited numerical dies available to them. Maybe 1-3 year spans... but 1880s-1920s is scary... This is why I stick to finding my silver , IN THE GROUND!!
I can't believe how crooked people can be. . what ever happened to honor, integrity, and pride with providing a good product at a great price? All these bums are wasting their life on a lie. I heard a dealer sold a safe full of sealed gold coins and after 20 years of selling fake gold to his loyal customer not one was real. His whole life was a lie. That's how people get KILLED. You have great information and know who you buy from. Neal
The fakes may be made of a type of stainless steel that is colored gold. It's the same metal being used to make fake gold jewelry, of which I have a necklace I found metal detecting, which was tagged 18K and Nitric Acid will smoke when it comes into contact with this metal.
dimes sounded like ZINC pennies.
I just recently found a hoard of coins full of fake silver dollars and key date wheat pennies in a relatives house that passed a couple years ago. Tons of real wheats and some other things but all the silver fails weight and ping tests
I bought a 1909 s vdb on a silver dime planchet for $10 and was shocked to find out it was fake.
I would NEVER think a dime would be fakes but seeing is believing.
I really enjoy viewing Speg Tacular videos on RUclips!!! I enjoyed learning the difference between a real Morgan, Peace Dollar and a counterfeit!!! I really enjoy your demonstration of the pocket pinger! Please share with me how I can aquire my very own pocket pinger!!! Thank, D. L. Polk. 😊
I was hoping to see him cut the Morgan open, so we could see the inside the coin. A Dremel with a cutting blade would easily have done that. Putting it on a grinder would also work. It would have been interesting to see if the metal was layered or if it was all the same. Thanks for the great video! You are to be commended for educating others about all the fake coins that are out there.
Yes, but other than that, and perhaps the lack of more emphasis on the size and thickness of the coins, and the proper introduction of that electronic device, this was a relatively decent, informative video.
Harry's coin shop, 100% reliable. 😊
If you ever go to Canutillo, Tx. on a Sunday at the swap. There is a vendor there selling (I don't call it fake) I call it "counterfeit" coins because that is what they are. Morgan dollars that look and feel real but they are illegal because it's the law.
Melt them I say fakes are horrid things. Don’t buy on eBay ever.
I collect high-end Magic: The Gathering cards, and the best fakes are still crap and easy to identify with due diligence. When i go look at cards, i have a jewellers loupe, real cards from the same print runs for comparison, and the flashlight on my cellphone can be used to send light through the card.
I am curious how this 'collection' came together for your correspondent (perhaps I missed it). Was it accumulated over a period or from a single source e.g. an internet profile? I wonder how old the fakes are, because I see metal detectorists in Europe dig up occasional counterfeit coins but ones that were contemporaneous to the real coins in circulation.
I've bought quite a few Items from EBAY and would like to test out. NOICE VIDEO!
They can adjust a lead-tin mix to get the same density like silver. Dimension and weight could be correct.
The four little dots in the neck are likely a mark that a dealer or bank made, to recognize coins they already had, and to track stolen coins.
I have 3 grandkids.
My 9-year-old is the oldest girl and then my other granddaughter's her sister she's 8 and my grandson is six.
We just started collecting coins because my dad left me some very old coiins.
So we just now got into it and we're looking through all the 50 states all the errors etc ..lol They get so excited!
I have old dimes that I looked up and said that they could be worth like $10,000 or whatever and now I'm over here like holy crap are they real?
How on earth will I ever get to the level of knowledge in knowing if they are or not 😳
I'm a total rookie in this hobby.😅 The time spent with my grandkids is the most valuable part of this coin collecting we are doing.
Out of the 5 'rare states" as they call it We are only missing Missouri😂
However it's such a wonderful bonding time with my grandkids.
I They absolutely love it!
I mean my grandson is 6 and his dad was a little in shock because he called me and was like,(My grandkids call me Gammy)
"Gammy I found the Alabama quarter we were looking for!!! It's a D mint and probably the state that it's in maybe a M57"🤣🤣🤣
His dad was like
"I had no idea what he was talking abou"😂
Then I explained to his dad it's our little secret that we do this almost everyday.
The kids love it! I love it as well.
I'm still learning so THANK YOU for this video!
I know it's a year old but thank you for the education on this!❤️
I absolutely subscribed of course ❤
I couldn't tell by looking by the sounds gave it away for me. Sound is probably the biggest thing I check for.
The sound and handling of the coin is very different from the real thing.
Great video, the bottom line is always buy from reputable dealers.
🔥🦈🌊
I personally would not go to a pawn shop to buy anything. Or sell.
I almost can't believe how many coins someone showed up with for their collection that were all fake oh, it just blows my mind
This is actually a great way to help other stackers or collectors !
Nice vid to 👏
The one that you tried to melt may be a nickel alloy. I used to work in a specialty metals plant, and some of the nickel alloys had that same gold hue, and melt closer to 2700 F, which is too hot for blow torch.
Great video ....... thanks for posting!!! Very educational
You can actually see the chemical residual on the coins to give them shene,plus the way there stained basically identical which is that in itself unusual. Very good learning video.
When you grabbed the real Morgan to compare the fake with the real you should have used a pre-21 Morgan because the old Morgan's were different than the 21 strike because they had to remake the dies for 1921
I think those "4 dimples" are meant to look like contact marks from coins dropping on each other. Could be the counterfeiters signature.......who knows. Is the CC dollar you mentioned also a known counterfeit? There needs to be a crack down on these. Morgan's and peace dollars, mercury dimes are all still considered legal tender with a face value
My CC with those marks is a legit coin.
When you placed them on the machine they said 90 percent silver why is that
I wish the Sigma wasn't so expensive! Fixed income can be a burden!!
Spectacular those dots are Rated edge hitting each other in these $1000 bags.
And they make dots? Crazy. I have another coin with that same pattern in the same spot too.
@@Spegtacular anyway I could acquire some of those phony Morgan’s for close up magic?
Last time I was in Hong Kong (after Chinese take over) you could go to any market and buy handfuls of fake coins for a couple bucks each. I even saw seated liberty dollars there. I saw a couple with casting balls still on the “coins”. As you said the sound and feel are off when you handle them. My wife got me some as a surprise when we got home. Just thanked her and set them off to the side.
I only buy coins that are AU or MS because I feel like the more wore out coins are the harder it is to tell if the are genuine. I also pull up images from pcgs and make side by side comparisons looking very carefully at things such as the date, device details, letter font, and the denticles to be sure I am buying only genuine coins. Sometimes I get scared what the future holds for our hobby, I worry someday fakes will be so good it will destroy they hobby
The one morgan in the beginning weighed 26.7 n you said it was fake. Why?
Bring some of the fakes to a dealer with a larger electronic tester that can tell you exactly what type of metal was used.
this is why i mostly only buy from my LCS my local pawn shop slid the wool over my eyes last week and i'm not doing business with them now
that's a bummer, my LCS charges too much and my local pawn has good prices but I always have him throw it on the verifier I even have the LCS do it because what are the chances they run every coin that comes in the door when dealing with 1000s of coins from 1 seller.
@@David_Quinn1995 very true but the pawn shop only acid tests and they're usually very very high priced the coin shop has better prices
With my having been both a collector and sometimes a coin shop owner,I can say that, the dollars would not have fooled me at all. The Mercury's at a glance would have made me happy if they walked into the store. With a little closer examination I would have realized they are fake. This is scary: these fakes are better than previous ones. Now, I wonder, will they become so good someday that only the grading services will be able to recognize them as fakes?
did you NOT hear the dimes "clinking" in his hand? they sounds like ZINC pennies. maybe i just have good hearing.
Maybe you are NOT 73 and have a plugged left ear from sinus congestion.
It can be. Depends on your health and life situation. Some folks do not even make it to my age while others see 100+
@@hypnotherapycwa prick thing to say.
I can't believe counterfeiters dont have it down exactly yet. All the info of a coin is accessible so I dont see why they can't be exactly faked
Wouldn't possession of these be illegal as counterfeit US currency?
I came across a Morgan that was fake, and brought it to the bank for that very reason.
I have an 1881 Chile peso which is fake. I bought it from a registered coin dealer too and he refused to acknowledge it was fake even though it has a clear seam that runs through the reeded edge and it is very dull when pinged, i bought it encapsulated and only realised it was fake weeks after i bought it. You have to be careful what you buy these days even from coin dealers! Their authenticity guarantees clearly mean nothing!
That dimple is when the coin after it, falls on edge onto the one before ,the edge,reed!
I've noticed alot of fake Morgan's have that same dark toning right around the periphery..🧐
I have a what I believe to be counterfeit 1921 peace dollar. weights a little more, "PEACE" is completely missing, and the worst part is when I picked it up with a magnet.
looks to good in my little collection to ever let it get into circulation. just so ya know there's another one, not out there.
Scammers are literally everywhere, could be your next door neighbor. I dabble in sport cards, comics, coins, stamps, memorabilia and all of them are flooded with people trying to scam. And most of them will get caught and get exposed so they just change there name and keep doing it. It’s sad, how people have to ruin something like collecting cards, coins or comics just so they can make some extra money. If only they would put that much effort into a job instead of these elaborate scams.
So question about the fake coins. Can you find out what metals were used? If so could those metals be reused into something else if you are able to melt them.
@Tony - you would need an x-ray spectrometer to determine other elements in a metal object. They are very useful for gold nugget purity & can help identify location & geologic conditions. The ranges I've seen used by pm deals run 11k to 19k. Won't buy a nugget without one. Australian nuggets have the highest gold content. 97 - 99%. The rest is typically mostly silver, with some trace of chromium, Pt., Pd, Fe, Krypton. My primary LCD has one, mostly for scrap jewelery.
A good decade ago, two cargo containers were found in Chicago full of Morgans. Could these be meant to destroy respect of the hobby/stacking?
I’d have sank those down to Davy Jone’s Locker with Biden’s daughters diary
I inherited a decent lot of coins like 5 years ago and since I am not really a collector I’m thinking on going to a specialized store to get them appraised, so, wish me luck 🙏🏽
Recently i stumbled in Germany over a 1890s japanese Yen (Trade Dollar). It looked weird, so i "pinged" it, it rang fairly long and high pitched. The magnet test, passed. Then magnet slide, it slowly slided down. Everything honkie dorie? Well, it stuck very light to a powerfull rare earth magnet. I assume they created an alloy with ringing sound properties and a small iron core, to mimic the slide action. Watch out, i like to hear similar experiences.
It’s a mixture of different metals may be something like a ceramic metallic mixture ! Wonder about those dimes if they were tried to be melted ?
2:25 a comment written by a person who was once a baby who had to learn literally everything from somebody else to survive to expect somebody to have learned something they never had the opportunity to is definitely poor mannered. I bet that commenter has a lot more to learn in life.
Yeah, the snobby people like that just make me shake my head…
@Charli gotta keep it real haha
My lcs had a cc Morgan’ in his display case. Had fake stamped on it but he didn’t catch it. Paid for it as a regular cc. I showed him and he wasn’t to happy.
Dang
Be hard to trust your lcs after that if it was me I would not go back thefe
Was that oxy-acetylene. Maybe titanium or niobium. What was weight. They cannot be sold. I don't know about knowing possession.
The one you tried to melt almost looks like aluminum bronze. I'm guessing they're made out of recycled Christmas light wires.
How manny walking liberty half’s have you seen ? I’ve seen none but I have seen a Morgan . How would one check those coins that are sealed up when graded . There in those slabed and sealed up !
the most horrific of the death penalties in history were reserved for counterfeiters; things like breaking on the wheel, boiling alive, and drawing and quartering. for more information and verification check out dan carlin's hardcore history painfotainment episode on youtube
it is brass. Your torch ain't hot enough. Brass melts at lower temp. than copper.
Brass for sure , in Holland we call it messing , you buy them on AliExpres for about 2 euro per piece...
A fake cc that I have someone took a legit cc from a more common year, cut it out, and glued it to another morgan where the cc mint mark was rare. They missed the bottom rim just about a milimeter
The Peaces and Morgans were fairly convincing, the Mercs... yea, they had a particular "cheap looking" coloring to them, and all are too congrent in look to be real. Also interesting that they all seemed to have full bands.. that much is suspicious in itself.
There’s a ton of these Morgan’s coming out from China! I found some on Amazon. It’s a shame.
I was robbed last year during an unexpected move, all my gold and silver, collectible coins and bills, electronics, my bass, backup HDD with 10 yrs of producing music and a lifetime of pictures, nice clothes, etc.
years of work, gifts and investments. Then my dog died. Then I went out to try to rebuild my stack and I got a few fakes. I can spot em too but they put them in a stack under some real ones. Glad you’re talking about these.
Those are some very convincing fakes, scarry stuff. I have some experience having bought fake silver and gold in the past. Luckily not to much experience lol. Great video!
Those fake Peace Dollars usually have the O in "One" too close to the edge.
Not always, but it's a good thing to check.
Probably made out of some Nickel based alloy if it was that hard to melt.
So the length of the ping is what makes it authentic? I thought it was the pitch of the ping and how uniform it is.