Registered Office: Floor 16, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA, Registered in England No. If the coin is old, it may also show signs of rust or other types of damage that are just not common with silver. Tool a foreleg on the reverse, and puff!, you have become an alchemist, changing nickel and copper into gold–literally. Nor do I. no indication of fake coin decreases odds of fake holder. The hair detailing on the bison's shoulder, among other things, look suspicious. Top 8 Reasons to Collect Gold Ready for the 2020 Financial Reset - 1oz Britannia Gold Coin - Duration: 8:14. Gold (.999 fine) is not magnetic. Coin checks out under comparison with others. Using a strong magnet, you can test gold to see whether it’s legitimate or not. https://ebay.com/itm/2017-24K-Gold-Plated-50-AMERICAN-GOLD-BUFFALO-Indian-Head-TRIBUTE-Coin-NEW/312088203985?_trkparms=aid%3D555018%26algo%3DPL.SIM%26ao%3D2%26asc%3D20160908110712%26meid%3D8a3f5533fd2c43ae891ee3dd979dae28%26pid%3D100677%26rk%3D1%26rkt%3D30%26mehot%3Dpp%26sd%3D402281237710%26itm%3D312088203985%26pmt%3D1%26noa%3D0%26pg%3D2386202%26algv%3DSimplAMLv5PairwiseWeb&_trksid=p2386202.c100677.m4598. Valued Member. Maybe just bad pics / lighting but the coin doesnt look quite right to me. In the second generation from the year 2000 to about 2015 the bullion industry saw copper colored -tungsten fake gold coins such as the Krugerrand. I know that NGC has a security division who you can contact about issues concerning fake NGC slabs and they take strong action to investigate and remove auctions selling fake slabs. I would bet it's not even gold. Achetez sur notre site français en Euro (€), HIGH DEMAND: I did report this counterfeit item to Ebay. Who do you contact at PCGS? Must pump them out by the tens of thousands. That was crazy! This isn’t a good sign of what’s out there in the marketplace. https://www.pcgs.com/news/counterfeit-pcgs-holders. If your gold passes all the tests below, it does not mean your piece is solid gold, it is only conclusive if it spots a fake. We have just had a customer bring us a fake gold Mexican 50 peso coin for sale. Gold Buffalo Proof Coins. The best way to learn about gold coins is to research before you buy. That is certainly the case here. Detecting counterfeit coins or fake gold bars can be as easy as using a magnet or spotting obvious errors, but Chinese fakes are getting better as criminals based there acquire sophisticated equipment such as 3D scanners and CNC mills. I have never seen or heard PCGS’ policy for safeguarding collectors with fake slabs. The ultimate guide to investing in GoldRead Investment Guide, The latest Gold and Silver news and commentary. Its design was based on the famous Buffalo nickel of 1913 to 1938. Bullion is the metals of gold, silver, or platinum when in their raw forms. Quick Links: See no issues there. US Official 24k Gold Buffalo Coins can be purchased here. FishyOne Member. For that reason, Austin Rare Coins & Bullion has developed in-depth websites like this to share how to buy gold coins for less, where to buy gold coins, and the best way to buy gold. Genuine 3-legged nickels … Don’t look now, but the coin is available for sale again this morning: https://www.ebay.com/itm/2011-W-50American-Buffalo-One-Ounce-Gold-Proof-Coin-PCGS-PR70DCAM-1oz-999/164298662035?hash=item2640f6a093:g:REQAAOSw7RZfDObD. Thanks for all the responses. Fake first generation Gold and Silver coins were not very common up until the year 2000. However, do not assume that just because your piece has these marks it is genuine. HOW TO SPOT A FAKE 1 OZ GOLD BAR, what to look for - YouTube @1madman said: . My opinion is that it is counterfeit. Look at the photo above again. In modern times, counterfeiters make counterfeit coins to deceive coin collectors with classic coins that are no longer minted. The most common method of making a metal look like gold is to use gold itself. First and foremost, the easiest way to avoid fake gold is to buy from a reputable 157 Posts. the image is re-uploaded. At least I've never seen it listed. Not sure if it’s the thick black font on the label, or the strange strike on the coin itself. finally found one of the images to work for me. ways to tell if your gold is real. Here are the best ways to spot fake gold or silver. Next to a real one this item screams fake! Feedback says! But odd that the buyers partial name does not show up on the page. So the question I now have is what role does PCGS play in removing this coin from the marketplace? So far, so good. I believe this is why the label looks over inked. Fake gold does exist, but fortunately the unique Counterfeit 2012 Gold Eagle $50 coins, for instance, exhibit recessed horizontal lines across Liberty’s legs, which is a telltale sign that the coin was struck with insufficient pressure. Bullion refers to the metals labeled as precious. Now either this is a variety coin the seller has, or is a fake. Look at the edge of the coin to see if the plating is visible where the rim meets the side; also look between the reeding. The genuine 1872/1 25-cent piece, MS65 prooflike, is worth about $800. Buy American Gold Buffalo Coins at the lowest prices guaranteed from SD Bullion. They are usually located in banks. Also, welcome. Rolled gold, for example, uses a very thin layer of gold which is then heat-fused to either side of a base metal. If I keep shrinking the value of the dollar, it makes it look like your stock portfolio is growing. A picture is worth a thousand words! Just like when it left the U.S. Mint, it's in GEM Proof condition. He paid about $700 for this coin. Feel free to keep in touch. Even the Indian's eye looks funky.... and the date.... but again JMHO. SARB has launched a new public awareness campaign to help you see whether or not the coin and bank notes you have are real or fake. Report this Post to the Staff . Looks somewhat cartoonish on both sides. He told us that “people he knows brought it for him from the States”. Fast shipping. I’m still looking for guidance from pcgs @HeatherBoyd and @BrettPCGS to know where/who do I submit information about fake pcgs slabs? I only mention this coin because I can’t say I’ve ever seen a fake gold buffalo without the word COPY stamped somewhere on it. You may need a magnifying glass to see this, but you should be looking for a mark that displays either the fineness of the product (such as “.999”) or the amount of karats that it contains (such as “24k”). Feel free to email me at [email protected] whenever questionable items pop up. That alone should have activated his alarm, because just the value of gold in the coin exceeds $2,000. Avoid This Gold Coin Scam. One example, in pic #2 the rim looks funky, metal out of place. I would stay away, something don't jive, the look of the coin is to lacking, where's the dcam effect? If you have any other items you think might be gold, then hopefully this article will help you further verify what you have. I honestly don’t know what procedure the company has in place, and if I missed it being spoken about somewhere, please guide me in the right direction. . If there are no grooves or reeds, there is a 99.9% chance it is a fake since minted coins non-reeded (errors) are extremely rare. Look at the photos above . Examine where the coin meets the rim and between the reeds, sometimes silver-plated coins will not fill these in and with a proper magnifying glass they will be detected. A recent study of the 50 most commonly counterfeited U.S. coins by the Numismatic Guaranty Corp., an industry grading company, 43 are gold coins of different eras. The design will not be as raised or as detailed, the luster will be poor and the strike may be off-center. Coin dealers and skilled hobbyists regularly confront easy, clever and difficult to detect fake 3-legged Buffalo Nickels. Such is the nature of discerning counterfeits that a few people on this thread suggested it was worth purchasing. PSA | I've had a few … seems to be a win-win if you receive the actual coin in the image. @derryb said: is the most common of these. Identifying fake gold coins can be fairly easy but always avoid buying from unreliable sources. 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