I just guessed on the fake and was right. Howveer, this WAS informative, shows what lengths cheats will go to, to steal your money. Thanks for the info!
@iLookforCoins Honestly if your not going into business or doing any large scale Bullion transactions then a cheap digital scale like the one I used here ($9.95 on Ebay)
will suffice -just make sure you toss the Chinese batteries it comes with and put in some Duracells.
@iLookforCoins I bought a scale frrom the USPS for selling on ebay and it has been the best investment for shipping and coins. It is about 40$ for the scale.
@hiimronstuart1 Which year does the American Eagle has? I do not believe that you did buy a fake coin. Usually the coins have about 0.1 unti 0.7 gram more than they should have, but that´s not a problem. For example the "year of the tiger, one ounce from Australia" has about 31.65 gram. 0.3 gram less than the coin should have is not good. Did you buy the coin in the internet? It´s easy to identify Fakes because the quality is bad and the weight is normally under 30 gram.
@hiimronstuart1 I am sure that you did not buy a fake coin. I am from Austria and I asked the "Münze Österreich (they produce the "Wiener Philharmoniker")" and they told me that the minimum weight of an ounce is 31,104 gram. The coins have usually 0.1 until 0.3 gram more than they should have (that´s ok). For example the maple leafs from Canada (year 2008) have about 0.5 of a gram more but that´s ok.
I bought a bottle of silver test solution which is made up from nitric and muriatic acid. It's only dangerous if you get it on your hands then rub your eyes etc. Otherwise any sensible person can use it. It does stain anything tested so use it on scrap etc.
The 1804 is not fake in my opinion if on the rev of coin it says copy.
It is a reproduction coin & minted by a private mint. It will not be 1 troy oz of silver because it was not design to be one as the real one. If you have a Red Book It is there & it should be weight 26.7 gr
the Morgan & Peace dollar are not 1 troy oz either.
I don't think you understand what people mean by spotting fakes with magnets, they're not talking about picking up fakes with a magnet.
Silver is diamagnetic, meaning it is repulsed by magnetic fields. How you observe the effect is you rub the coin on a strong magnet. The coin will not move freely, the diamagnetic effect will slow the movement. The faster you move the coin, the stronger the effect will be.
A fake won't behave exactly the same as a real silver.
@123MCQ123 I understand, the problem is there are way too many variables in magnet strength and metal composition -some alloy combinations respond similarly to magnets as .999 silver does, which in my opinion renders the "magnet test" useless.
@Silveready1 the magnet test can give false positives but it can not give false negatives, so while not being the end all be all method of detection it can be a valuable tool used in conjunction with a specific gravity test. As far as the variables in magnet strength is concerned, all you have to do is use the same magnet every time.
You won't use chemicals on a coin which might be really expensive if genuine ;) Best way to test coins is using an eddy current instrument. It even tests through thin plastic enclosures. Takes less than 1 second for each coin. Having some experience, testing 100 coins per minute is no problem.
@MrBigEnchilada Privately minted .999 1 troy ounce pure silver Rounds (ingots), they are not referred to as "Coins" because they are Privately Minted and are valuable primarily for their silver content only.
I ahve tested Silver with a rare earth magnet and you are correct, the only problem is other metals besides silver react similarly, that's why I acid test suspicious silver.
the magnet test works not because the rounds are not magnetic, but how the magnet and silver resist each other. You need a rare earth magnet or just a very strong small magnet to really test it, your average fridge magnet won't do. If you haven't tested silver with the magnet test it will blow your mind with it's gravity defying property.
just something about that coin seemed fake :D i got it right btw. One reason is cause it was made in 1804... 200 years and its soo shiny also just the layering on the coin didnt seem silver like. The mirror effect on the coin too was too clear
APMEX (website) does not have .999 or .99999 written on their coins, just "1 ounce" stamped. Is there anything wrong with that? I want to buy silver eagles from them.
@pashka0843 Silver Eagles are different -these are "Coins" not "Rounds" and as such they do not have to have the metal content or purity stamped on them (even though they are 1 troy ounce of .999 silver)
Thanks. I recently got interested in Silver as a Monetary hold of value. About four months ago I learned that the $2.65 cents of 1905-1964 dimes, quarts, and half-dollars I bought while working at a gas station 6 years ago is worth over $50! I don't know if I believe Silver will break $100-however, the fact that two of my 1962 dimes will buy me MORE that a gallon of gas today HAS MY ATTENTION-I'm feeling that Silver stays ahead of INFLATION-in ALL it's forms.
@PrudentEye LOOK OUT WE GOT ONE WHO CAN SEE HERE!!!! Lol, Silver and Gold are good Barometers of Inflation and Dollar value -Silver WILL outpace Inflation and then some -keep on stackin'!!!
The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational tool, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
nice vid, but, if the coin you referenced as fake doesn't say .999 or 1oz troy fine silver, then I don't see how it's a fake. Fake implies it has all markings of a real coin. What you had there was some type of commemorative coin sold as exactly that, commemorative.
There are fakes out there stamped .999 fine or 1ozt fine silver, but as far as I can tell this is not one of them. You are right in that the scale is one of the best ways to spot a fake though
@ChojiHamon it was sold as a pure silver coin to a friend of mine, this video is not for the experienced Bullion buyer -it's to help the people just starting out to keep from getting scammed.
@Silveready1 Oh I understand that, I apologize if it came across as preachy, that was not my intention....I was just saying in a poorly phrased way that if someone is looking at coins and they are not marked, they should avoid automatically calling them fake. No reflection on your vid whatsoever, you give great info....just a footnote on my end
I hate the clad scams to get the people with no experience of silver and saying clad in 999 silver is such a con that ebay and the likes should remove the sellers for trying to con people, asking spot prices for 2 cents of silver and aluminum or some other useless commodity
Have a scale but the real silver doesnt always weigh the 31.1 as its silver purity might be less and therefore it increases the weight of the coin so there is one troy ounce of silver content in it...nice collection though, have a nice colelction myself...and have to do the tests, the incuse always worries me becauzse they tend to be soapy normally, like someone couldnt be bothered to polish them
@truro007 you know its funny....only in the last 40 years we use silver like a stock...Yea Im selling it when it reaches $100 or $200.... when in reality its just money...like in jesus day or even 50 years ago there probly like....what??? sell it when it reaches to $100?? I just use it to buy some chickens, you guys are CRAZY...and thats why ill never sell my silver....I'll just spend it when the world finally realizes gold and silver is still money..
Magnets: get a powerful rare earth magnet, tilt the coin at an angle and let the magnet slide down the coin. The magnet will not slide fast but will not stick either. Although for a silver alloy this not real helpful to tell if it is .999 or .400.
Weight is only 1/2 the equation. An alloyed 31.1 gram silver round would then have a different size which can be checked by relative density. Place a container of distilled water on your scale and zero it. Now hang the coin via threads in the water so there are no air bubbles and the coin is not touching the container. The weight shown is the displaced water. If it is a 1 oz coin at .999 and silver has a density of 10.49gr/cc then the scale should read 2.96 or a volume of 2.96 cc.
Sure, if you are grading 1 oz rounds, it needs to be 31.1 grams. I'm sure counterfeiters are cleaver enough to print .999 on counterfeits as well. If it is stamped with .999, I would take it with a grain of salt.
@alZiiHardstylez I know, ive since been told the error of my ways (even though most people in the U.S. pronounce it the way I do) but I still refuse to call a Barbeque a "Barbie" - Have a nice weekend :)
I sweare to go i watched this the first time i knew which one right off the batt, just look at the color and light reflecting off it just doesn't seem right.
Intersting to note that you have a Mexican Casa de Moneda Onca Troy there. with the bell on it. This coin is not actually .999 silver. it is actually .900 silver but heavier. Only the Mexican Libertad is 1 T/O .999. But as you say, it's still silver. But personally I always will go for the Libertad over this type.
@MrAtlanticpingpong correct, it does contain one troy ounce of pure silver plus an additional 10% alloy to strengthen it for circulation (even though these never really circulated in Mexico)
@coredor No, the Silver Eagle is a "Coin" (not a Bullion Round) and although it is .999, the Government is not required to label Metal content on "Coins".
I knew as soon as you passed over it that it was fake, something about the tone made me think so. Did you get ripped of buying that thinking it was real or did you know it was clad and just buy it for demonstration?
The coins look beautiful but who is going to buy them back if they have no value and the banks tank. I will be willing to bet i am going to be in better shape selling or trading food spices tents charcoal matches and lighter fluid. think about it.
I think .999(2) is taxed in Canada whereas .9999 is considered investment product and is not taxed. I think it's due to the fact that govt says .999 is a collectible.
you cant test with a strip magnet. You need a super heavy large magnet. Also - the magnet won't detect nickel that has been electroplated. To take the area * the width (thickness) / mass. Silver has a density of 10.49 g/cm3 which is for all general purposes impossible to fake. Testing with acid will destroy any numismatic value.
Not sure if someone else pointed this out already, but perhaps the discrepancy in weight was due to the plastic thing you were placing the coins in. ;)
Thanks for the heads up, I was able to figure out the fake about half way through the vid. I pointed at it and sure as shit you confirmed my analysis. I figured it out because I buy silver and I look for obvious signs of forgery. What clued me into the fake was I have never seen a coin like that b4. Good advice and thanks once again!
Oh, man thats a MARIA THERESA THALER reprint and its weight is 26 grams because it is his PROPER weight! I would not call it a fake. How can you say its a fake based on his weight, and you even didn't try to Google a bit?
@redhotbits I think acid method is a tad bit extreme. If the coin passes ping, magnet, and weight test. It's good enough for me. If a counter-fitter has gone out of his way to get all those 3 right then perhaps he created the real thing. hahah. Gold on the other hand..
@1984IcameandIstayed because it is an actual legal tender coin, even though it is .999 and you would never spend it for it's face value, the Mint is not required to Assay stamp legal tender.
just buy a metal detector you can get them for 50 or so bucks and set it for silver it will tell you if its silver or not,use a strong magnet toss the magnet over the coin the magnet will stop on the coin cause of lenz law scratch the coin this will let you know if its plated them are the best i have found
A stronger magnet is needed for your test. Also of note, a round (or any coin or bullion item) is not always going to be 31.1 grams on the nose. 31.3 is in range and being a tenth of a gram off one way or the other is normal. Acid testing with a black stone, rubbing a sample of the metal onto the stone is a fairly safe way to acid test, without destroying the coin (and losing the silver content with cutting and drilling). I would though recommend brand name mints with anything over 1 toz
@urkingod well, that's a positive indicator -but I would definitely buy from a reliable source also. you may want to check out my other video about the silver acid test.
I just bought 70 oz of silver rounds. I have a really cheapo plastic scale. 59 of the rounds weigh 31.0-31.4 grams but 11 of them with the name "Unisaro" on them weigh 3.7-4.1 grams and I think they are fake. Doesn't that seem fake to you?
I noticed the "fake" silver round was a replica of the famous 1804 silver dollar. As such it was about the right weight. Was there any mention on the round of the weight or fineness?
what about APMEX? I bought so many secondary rounds from APMEX, do you think there could be fake silver in APMEX's silver. Im not saying they deliberately do this, but perhaps they do not test every single rounds they received?
@MegaHelicobacter I think at this point "fake" silver rounds are not real common, however, as the price keeps going up you will have more and more scammers trying to cash in!
I have just received my 120 oz of silver rounds from apmex I bought it at price 39.21 each including the over the spot price. I m gonna stop buying rounds and start getting bars. I also have heard about the drilled and filled fake bars.
FYI, a fake could ALSO weigh in at 31.1 grams, so weighing isn't a conclusive test.
The true non-destructive test is a specific gravity test where you compare the weight of the coin in air versus it's weight in water. The ratio for a silver coin is well-established at 10.5.
FYI, a fake could ALSO weigh in at 31.1 grams, so weighing isn't a conclusive test.
The true non-destructive test is a specific gravity test where you compare the weight of the coin in air versus it's weight in water. The ratio for a silver coin is well-established at 10.5.
@Silveready1 Do you really think that's good info? Do you think there is ANYTHING on earth, that weighs different in air versus water? What aaxiom said, is horseshit. (Hint: the genuine test is to determine the PRECISE VOLUME occupied by the precise ounce.)
@Bonez0r I know it sounds petty but "Coins" are anything "Legal Tender" minted by a Sovereign entity.
as far as Bullion rounds or Bars, I personally prefer bullion rounds because they can be put in a plastic Medallion Tube holder and neatly stacked in groups of twenty.
I just got 200 buffalo rounds today from Gainesville coins. I do the ping test with my thumb and it's higher pitched and doesn't have the ring that the ping does when I strike my silver eagles ( that I bought from a local shop)....I must be doing something wrong. I've heard nothing but good things about Gainesville...but I'm a little worried.....what should I do?
@robreke if you bought those from gainsville coin, I wouldnt worry too much about the authenticiity of the rounds -shape, design and thickness can affect the "Ping" sound as well. I believe those rounds are produced by Sunshine Mint -which is one of the companies that supplies Blank .999 planchets for Silver eagles to the U.S. mint.
great video... as this explodes so does counterfeiting.All my purchases are from 1) Scotiamocatta (Canadian bullion company owned by Scotiabank) 2) Gainesville coins 3) Apmex and 4) reputable coin dealers. Don't worry about paying premiums for coins. premiums are part of the fixed cost and I believe they will always be attached to the spot price, only at much higher amounts as this plays out. Bottom Line know who you're dealing with.
I just bought some morgans and other 1oz coins on ebay and after seeing a few videos on "fake silver" I got that "uneasy feeling"...so I just bought (on ebay no less-- ha ha) a digital calibrated scale ($14) and caliper ($14)--(cheap investment, should give me a good-general idea of what I'm buying anyway)...waiting for them to arrive....curious to see if I'm a "chump"...I may have to upload my own video if things don't turn out well. "I'll be back".
@Shean2010 Do you know where those dimensions/weight specs are available? One thing I do is run a powerful magnet along the silver and you feel this weird kind of energy kind of go through the silver because it is anti-magnetic. I'm curious to try this test on some copper bullion for comparison.
I can't believe it's still legal to call Pewter 'German Silver"!!!
Silveready1 1 day ago
A buddy of mine just bought some "German silver" on ebay. Thought he was getting a deal, turns out its not really silver at all.
gotmildew 1 day ago
I picked the Tammy & Jim Baker cause everything about them was fake....lol
savagenomore 3 days ago
@savagenomore LOL
Silveready1 3 days ago
I knew it was nickle silver...What an eye I have...
coldshot5555 1 week ago
I just guessed on the fake and was right. Howveer, this WAS informative, shows what lengths cheats will go to, to steal your money. Thanks for the info!
genenco1 1 week ago
@genenco1 thanks for watching!
Silveready1 1 week ago
@Silveready1 so who sold it to you?
GalaticSpaceHero 1 week ago
@genenco1 I guess the same and was right something about it
TheGoldenmace 13 hours ago
Useful video thumbs up!
SuperPaulKruger 1 week ago
@SuperPaulKruger Thanks for watching.
Silveready1 1 week ago
I spotted the fake coin. Surprised myself... :)
login211 3 weeks ago
@login211 sharp eye -congrats!
Silveready1 3 weeks ago
@login211 same here! I was waiting for the whole video for him to pick it up and say it's the fake one.
jambozx 3 weeks ago
Good pointers, especially on the magnet test not always working. Thank you.
alan30189 1 month ago
@alan30189 Thanks for watching!
Silveready1 1 month ago
@Silveready1 Great information,thanks!!
MtlrcksCOD666 1 month ago
@MtlrcksCOD666 thanks for watching.
Silveready1 1 month ago
@Silveready1
thank you!! Subscribed too!!
MtlrcksCOD666 3 weeks ago
@Silveready1 thank-you
johnbarkand 3 weeks ago
For some reason--mainly the shininess of that coin made me think it was the fake and I was right--ha ha
micmoable 1 month ago
You have to use a STRONG magnet, not weak cheap magnet strip to test it. :-)
urkingod 1 month ago
did that fake coin actually say .999 silver on it?
simsghost 1 month ago
Comment removed
xcvsdxvsx 1 month ago
Generic rounds are not my cup of tea.
JP5466 2 months ago
woo hoo I spotted it. Its too shiny and slick.
ScionLo 2 months ago
@ScionLo That has nothing to do with it.
JP5466 2 months ago
i can tell by the sound of the silver! fake one has different sound !
liangQ1 2 months ago
I would appreciate it very much if you would give me advice on which electronic scale I should get, Thanks :)
iLookforCoins 2 months ago
@iLookforCoins Honestly if your not going into business or doing any large scale Bullion transactions then a cheap digital scale like the one I used here ($9.95 on Ebay)
will suffice -just make sure you toss the Chinese batteries it comes with and put in some Duracells.
Silveready1 2 months ago
@iLookforCoins I bought a scale frrom the USPS for selling on ebay and it has been the best investment for shipping and coins. It is about 40$ for the scale.
MtlrcksCOD666 1 month ago
i have a question. i bought a one ounce american eagle and it weighs 0.3 of a gram off. Do you think its fake?
hiimronstuart1 2 months ago
@hiimronstuart1 I doubt it's fake, not all Silver blanks are perfectly weighted some are off
by very slight amounts (even the Mint has official tolerance allowances for Coin blanks)
that's a pretty small weight difference, it could just be a scale error.
Silveready1 2 months ago
@hiimronstuart1 Which year does the American Eagle has? I do not believe that you did buy a fake coin. Usually the coins have about 0.1 unti 0.7 gram more than they should have, but that´s not a problem. For example the "year of the tiger, one ounce from Australia" has about 31.65 gram. 0.3 gram less than the coin should have is not good. Did you buy the coin in the internet? It´s easy to identify Fakes because the quality is bad and the weight is normally under 30 gram.
aktienanleihen1 1 month ago
@aktienanleihen1 The year is 2003. I bought it from my local pawn shop and hes pretty trusted. It's not 0.3 of a gram less, its 0.3 of a gram more.
hiimronstuart1 1 month ago
@hiimronstuart1 I am sure that you did not buy a fake coin. I am from Austria and I asked the "Münze Österreich (they produce the "Wiener Philharmoniker")" and they told me that the minimum weight of an ounce is 31,104 gram. The coins have usually 0.1 until 0.3 gram more than they should have (that´s ok). For example the maple leafs from Canada (year 2008) have about 0.5 of a gram more but that´s ok.
aktienanleihen1 1 month ago
@Pragmaticalised
Simply google for "eddy current". The fastest way for checking gold and silver coins.
tubefish666 2 months ago
I bought a bottle of silver test solution which is made up from nitric and muriatic acid. It's only dangerous if you get it on your hands then rub your eyes etc. Otherwise any sensible person can use it. It does stain anything tested so use it on scrap etc.
Pragmaticalised 2 months ago
The 1804 is not fake in my opinion if on the rev of coin it says copy.
It is a reproduction coin & minted by a private mint. It will not be 1 troy oz of silver because it was not design to be one as the real one. If you have a Red Book It is there & it should be weight 26.7 gr
the Morgan & Peace dollar are not 1 troy oz either.
solomon59 3 months ago
I don't think you understand what people mean by spotting fakes with magnets, they're not talking about picking up fakes with a magnet.
Silver is diamagnetic, meaning it is repulsed by magnetic fields. How you observe the effect is you rub the coin on a strong magnet. The coin will not move freely, the diamagnetic effect will slow the movement. The faster you move the coin, the stronger the effect will be.
A fake won't behave exactly the same as a real silver.
123MCQ123 3 months ago
@123MCQ123 I understand, the problem is there are way too many variables in magnet strength and metal composition -some alloy combinations respond similarly to magnets as .999 silver does, which in my opinion renders the "magnet test" useless.
Silveready1 3 months ago
@Silveready1 the magnet test can give false positives but it can not give false negatives, so while not being the end all be all method of detection it can be a valuable tool used in conjunction with a specific gravity test. As far as the variables in magnet strength is concerned, all you have to do is use the same magnet every time.
xcvsdxvsx 1 month ago
You won't use chemicals on a coin which might be really expensive if genuine ;) Best way to test coins is using an eddy current instrument. It even tests through thin plastic enclosures. Takes less than 1 second for each coin. Having some experience, testing 100 coins per minute is no problem.
tubefish666 3 months ago
@tubefish666 Good point about the chemical test. What's an eddy current instrument?
Pragmaticalised 2 months ago
what are silver rounds...are they like commemorative?
MrBigEnchilada 3 months ago
@MrBigEnchilada Privately minted .999 1 troy ounce pure silver Rounds (ingots), they are not referred to as "Coins" because they are Privately Minted and are valuable primarily for their silver content only.
Silveready1 3 months ago
@Silveready1 nice collection but i would rather buy real mint coins :\
MrBigEnchilada 3 months ago
Thanks for making the vid, I also called out that coin so that was cool.
fatbudz420 4 months ago
@fatbudz420 good job -thanks for watching.
Silveready1 4 months ago
what the fuck lol i looked up jim jones and this shit pulled up
ride0RgetR0DE0n 4 months ago
What does the obverse of the 1804 look like? It's important to expose all the fakes that people discover and share all the characteristics.
Ayess2008 4 months ago
I ahve tested Silver with a rare earth magnet and you are correct, the only problem is other metals besides silver react similarly, that's why I acid test suspicious silver.
Silveready1 4 months ago
the magnet test works not because the rounds are not magnetic, but how the magnet and silver resist each other. You need a rare earth magnet or just a very strong small magnet to really test it, your average fridge magnet won't do. If you haven't tested silver with the magnet test it will blow your mind with it's gravity defying property.
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willkill4kronic 4 months ago
just something about that coin seemed fake :D i got it right btw. One reason is cause it was made in 1804... 200 years and its soo shiny also just the layering on the coin didnt seem silver like. The mirror effect on the coin too was too clear
AY2014 4 months ago
@AY2014 Good eye!
Silveready1 4 months ago
Can't fakes also me made up to 31.1 grams? How would you know then?
lifendsoon 4 months ago
@lifendsoon yes they can, but it's a little tougher to get the dimensions correct - check out my other vid on acid testing silver.
Silveready1 4 months ago
I guess 1804 now I wlll watch and see if I am right
superhawkn 5 months ago
I CALLED IT! BOOYA! :P
youngbono18 5 months ago
@youngbono18 LOL-Congrats!
Silveready1 5 months ago
APMEX (website) does not have .999 or .99999 written on their coins, just "1 ounce" stamped. Is there anything wrong with that? I want to buy silver eagles from them.
pashka0843 5 months ago
@pashka0843 Silver Eagles are different -these are "Coins" not "Rounds" and as such they do not have to have the metal content or purity stamped on them (even though they are 1 troy ounce of .999 silver)
Silveready1 5 months ago
Thanks. I recently got interested in Silver as a Monetary hold of value. About four months ago I learned that the $2.65 cents of 1905-1964 dimes, quarts, and half-dollars I bought while working at a gas station 6 years ago is worth over $50! I don't know if I believe Silver will break $100-however, the fact that two of my 1962 dimes will buy me MORE that a gallon of gas today HAS MY ATTENTION-I'm feeling that Silver stays ahead of INFLATION-in ALL it's forms.
PrudentEye 5 months ago
@PrudentEye LOOK OUT WE GOT ONE WHO CAN SEE HERE!!!! Lol, Silver and Gold are good Barometers of Inflation and Dollar value -Silver WILL outpace Inflation and then some -keep on stackin'!!!
Silveready1 5 months ago
are all 1804 silver bullion rounds fake? I bought some that look exactly like that 3 years ago.
4everhdt 5 months ago
@4everhdt not all, if they have .999 on them somewhere -they're probably OK.
Silveready1 5 months ago
Comment removed
4everhdt 5 months ago
This has been flagged as spam show
The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational tool, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
khayelitshaissafe 5 months ago
You bought that scale on ebay, which means there's chance that could be fake too.
JRock005 5 months ago
nice vid, but, if the coin you referenced as fake doesn't say .999 or 1oz troy fine silver, then I don't see how it's a fake. Fake implies it has all markings of a real coin. What you had there was some type of commemorative coin sold as exactly that, commemorative.
There are fakes out there stamped .999 fine or 1ozt fine silver, but as far as I can tell this is not one of them. You are right in that the scale is one of the best ways to spot a fake though
ChojiHamon 5 months ago
@ChojiHamon it was sold as a pure silver coin to a friend of mine, this video is not for the experienced Bullion buyer -it's to help the people just starting out to keep from getting scammed.
Silveready1 5 months ago
@Silveready1 Oh I understand that, I apologize if it came across as preachy, that was not my intention....I was just saying in a poorly phrased way that if someone is looking at coins and they are not marked, they should avoid automatically calling them fake. No reflection on your vid whatsoever, you give great info....just a footnote on my end
ChojiHamon 5 months ago
@ChojiHamon no offense taken, appreciate the input -thanks for watching and commenting!
Silveready1 5 months ago
@ChojiHamon
I hate the clad scams to get the people with no experience of silver and saying clad in 999 silver is such a con that ebay and the likes should remove the sellers for trying to con people, asking spot prices for 2 cents of silver and aluminum or some other useless commodity
BusyBeeCompany 5 months ago
Comment removed
ChojiHamon 5 months ago
What's to stop determined counterfeiters from making coins with .999, etc.?
ew0054 6 months ago
@ew0054 nothing really, that's why I sometimes have to acid test suspicious pieces -check out my other video on testing silver.
Silveready1 6 months ago
Have a scale but the real silver doesnt always weigh the 31.1 as its silver purity might be less and therefore it increases the weight of the coin so there is one troy ounce of silver content in it...nice collection though, have a nice colelction myself...and have to do the tests, the incuse always worries me becauzse they tend to be soapy normally, like someone couldnt be bothered to polish them
BusyBeeCompany 6 months ago
@BusyBeeCompany yaeh, they come in all shapes and sizes but as long as they're .999 -they're OK with me!
Silveready1 6 months ago
I have a one pound U.S. eagle coin,
but it says:
1 LB. .999. FINE SILVER
Why the extra decimal or period at the end of the last nine?
sailaholics 6 months ago
This has been flagged as spam show
@truro007 you know its funny....only in the last 40 years we use silver like a stock...Yea Im selling it when it reaches $100 or $200.... when in reality its just money...like in jesus day or even 50 years ago there probly like....what??? sell it when it reaches to $100?? I just use it to buy some chickens, you guys are CRAZY...and thats why ill never sell my silver....I'll just spend it when the world finally realizes gold and silver is still money..
blai745 6 months ago
Do some of the fakes have .999 pure silver stamped on them?
RETIREINARIZONA 6 months ago
@RETIREINARIZONA no, not in this lot - I do have some stamped .999 and "Ster" also, 100 "Mils" which is of course Silver plated.
Silveready1 6 months ago
Thanks for sharing this
kaltayaran 6 months ago
@kaltayaran thanks for watching.
Silveready1 6 months ago
I thought that one was the fake woot! Only because it was too perfect for the date. =p
xchris109x 6 months ago
Magnets: get a powerful rare earth magnet, tilt the coin at an angle and let the magnet slide down the coin. The magnet will not slide fast but will not stick either. Although for a silver alloy this not real helpful to tell if it is .999 or .400.
scottybike 6 months ago
Weight is only 1/2 the equation. An alloyed 31.1 gram silver round would then have a different size which can be checked by relative density. Place a container of distilled water on your scale and zero it. Now hang the coin via threads in the water so there are no air bubbles and the coin is not touching the container. The weight shown is the displaced water. If it is a 1 oz coin at .999 and silver has a density of 10.49gr/cc then the scale should read 2.96 or a volume of 2.96 cc.
scottybike 6 months ago
Sure, if you are grading 1 oz rounds, it needs to be 31.1 grams. I'm sure counterfeiters are cleaver enough to print .999 on counterfeits as well. If it is stamped with .999, I would take it with a grain of salt.
scottybike 6 months ago
thumbs up if you got it right before he said the fake :).
I did.
snapsalot 6 months ago
@Genenenenaam go away creationist peon.
madjimms 6 months ago
@Genenenenaam well, they do make .9999 bars also :)
Silveready1 6 months ago
@Silveready1look an idiot here THERES NO SUCH THING AS .9999
passthecash 6 months ago
@passthecash actually there is such a thing as .9999 and .99999
Silveready1 6 months ago
I'm Australian, I laughed at how you said "Kookaboora"
alZiiHardstylez 6 months ago
@alZiiHardstylez I know, ive since been told the error of my ways (even though most people in the U.S. pronounce it the way I do) but I still refuse to call a Barbeque a "Barbie" - Have a nice weekend :)
Silveready1 6 months ago
@Silveready1 Just because most people in the US pronounce it that way, doesn't make it true.
Just saying
alZiiHardstylez 6 months ago
this is why I buy only 1964 kennedy half dollars
inkey2 6 months ago
would you believe I don't know much about silver yet I guessed correctly?
xD
well I did
MirageScience 6 months ago
I got it right!!! I'm not sure how though. This is an excellent vid. I had to share this. Good work!
acuriousbeast 7 months ago
u could have shown the reverse of the fake since i dont carry a scale in my aaa
zackrowe1 7 months ago
I sweare to go i watched this the first time i knew which one right off the batt, just look at the color and light reflecting off it just doesn't seem right.
boskey10 7 months ago
@boskey10 good Guess!
Silveready1 7 months ago
Intersting to note that you have a Mexican Casa de Moneda Onca Troy there. with the bell on it. This coin is not actually .999 silver. it is actually .900 silver but heavier. Only the Mexican Libertad is 1 T/O .999. But as you say, it's still silver. But personally I always will go for the Libertad over this type.
MrAtlanticpingpong 7 months ago
@MrAtlanticpingpong correct, it does contain one troy ounce of pure silver plus an additional 10% alloy to strengthen it for circulation (even though these never really circulated in Mexico)
Silveready1 7 months ago
I bought a one ounce 2010 American eagle which says Fine Silver, but nowhere does it say on it 99. Should I be alarmed?
coredor 7 months ago
@coredor No, the Silver Eagle is a "Coin" (not a Bullion Round) and although it is .999, the Government is not required to label Metal content on "Coins".
Silveready1 7 months ago
@Silveready1 Thank you for responding. It made me feel better:) Thanks for posting this informative movie!
coredor 7 months ago
@coredor no problem, thanks for watching and commenting!
Silveready1 7 months ago
a neodymium magnet is better than a refigerator magnet strip lol
bpagan32 7 months ago
you can make an aleation with the same density as silver and you wouldnt even notice it
Rapeliums 7 months ago
@Rapeliums come on now!
Silveready1 7 months ago
I knew as soon as you passed over it that it was fake, something about the tone made me think so. Did you get ripped of buying that thinking it was real or did you know it was clad and just buy it for demonstration?
CreepinSav 7 months ago
@CreepinSav a friend of mine bought it as a "Pure Silver" round (unfortunately)
Silveready1 7 months ago
silver? those look like gold lol
clevelandbrown123 8 months ago
The coins look beautiful but who is going to buy them back if they have no value and the banks tank. I will be willing to bet i am going to be in better shape selling or trading food spices tents charcoal matches and lighter fluid. think about it.
marstheimp 8 months ago
get plastic for your coins
Valless 8 months ago
I think .999(2) is taxed in Canada whereas .9999 is considered investment product and is not taxed. I think it's due to the fact that govt says .999 is a collectible.
StrafingMoose 9 months ago
you cant test with a strip magnet. You need a super heavy large magnet. Also - the magnet won't detect nickel that has been electroplated. To take the area * the width (thickness) / mass. Silver has a density of 10.49 g/cm3 which is for all general purposes impossible to fake. Testing with acid will destroy any numismatic value.
yogiudo 9 months ago
Not sure if someone else pointed this out already, but perhaps the discrepancy in weight was due to the plastic thing you were placing the coins in. ;)
MaestroTJS 9 months ago
@MaestroTJS no, that's a "Scale tray" it's weight is already deducted.
Silveready1 9 months ago
Witch one is will?
paweleve 9 months ago
Thanks for the heads up, I was able to figure out the fake about half way through the vid. I pointed at it and sure as shit you confirmed my analysis. I figured it out because I buy silver and I look for obvious signs of forgery. What clued me into the fake was I have never seen a coin like that b4. Good advice and thanks once again!
33iknow 9 months ago
@33iknow Good eye, thanks for watching!
Silveready1 9 months ago
Oh, man thats a MARIA THERESA THALER reprint and its weight is 26 grams because it is his PROPER weight! I would not call it a fake. How can you say its a fake based on his weight, and you even didn't try to Google a bit?
redhotbits 9 months ago
@redhotbits No, it's not a Maria Theresia Thaler Recoin, I have many of those -this is a Non-Bullion "Copy" of an 1804 flowing hair dollar.
Silveready1 9 months ago
@Silveready1 ok sory
redhotbits 9 months ago
@Silveready1 hm ok sory, but you should use maybe acid method to determine silver purity.
redhotbits 9 months ago
@redhotbits check out my other video showing my silver acid test v=jY0bbRx3K64
Silveready1 9 months ago
@redhotbits I think acid method is a tad bit extreme. If the coin passes ping, magnet, and weight test. It's good enough for me. If a counter-fitter has gone out of his way to get all those 3 right then perhaps he created the real thing. hahah. Gold on the other hand..
oak415 9 months ago
thank you, I am just starting to learn this, and your video was very helpful
SakitSaPuwit 9 months ago
where can I buy real silver and gold coins, can I get them online or from a bank?
penny0678 9 months ago
I'm looking at my Silver Eagle now and I don't see any .999 numbers. Why is that?
1984IcameandIstayed 9 months ago
@1984IcameandIstayed because it is an actual legal tender coin, even though it is .999 and you would never spend it for it's face value, the Mint is not required to Assay stamp legal tender.
Silveready1 9 months ago
Nein nein nein nein nein! You're sounding very German !
raspberrybaggio 10 months ago
just buy a metal detector you can get them for 50 or so bucks and set it for silver it will tell you if its silver or not,use a strong magnet toss the magnet over the coin the magnet will stop on the coin cause of lenz law scratch the coin this will let you know if its plated them are the best i have found
imatelly 10 months ago
Great info, thanks.
If I use silver testing acid to test my silver bars, will that effect the value of them?
doublecheers000 10 months ago
A stronger magnet is needed for your test. Also of note, a round (or any coin or bullion item) is not always going to be 31.1 grams on the nose. 31.3 is in range and being a tenth of a gram off one way or the other is normal. Acid testing with a black stone, rubbing a sample of the metal onto the stone is a fairly safe way to acid test, without destroying the coin (and losing the silver content with cutting and drilling). I would though recommend brand name mints with anything over 1 toz
champexcel 10 months ago
Fantastic! thanks for the tips!
patellaman 10 months ago
@patellaman thanks for watching!
Silveready1 10 months ago
so as long as it says 1 troy oz and .999 then you are safe ?
urkingod 10 months ago
@urkingod well, that's a positive indicator -but I would definitely buy from a reliable source also. you may want to check out my other video about the silver acid test.
Silveready1 10 months ago
You need a rare earth magnet
toweronepower 10 months ago
HOARD NICKELS OLDER THAN 2008. AND PENNYS OLDER THAN 1982. THE HYPER INFLATION IS COMMING THE HYPER INFLATION IS COMMING.
amyhuk 10 months ago
I just bought 70 oz of silver rounds. I have a really cheapo plastic scale. 59 of the rounds weigh 31.0-31.4 grams but 11 of them with the name "Unisaro" on them weigh 3.7-4.1 grams and I think they are fake. Doesn't that seem fake to you?
Xuande12 10 months ago
@Xuande12 it may just be your scale or it could be a refiner that's not too careful with their specs -check out my other video: watch?v=jY0bbRx3K64
Silveready1 10 months ago
I noticed the "fake" silver round was a replica of the famous 1804 silver dollar. As such it was about the right weight. Was there any mention on the round of the weight or fineness?
howardw912 11 months ago
@howardw912 No, and as such it can't technically be called a "Fake" however it was sold to a friend as "Pure Silver".
Silveready1 10 months ago
what about APMEX? I bought so many secondary rounds from APMEX, do you think there could be fake silver in APMEX's silver. Im not saying they deliberately do this, but perhaps they do not test every single rounds they received?
MegaHelicobacter 11 months ago
@MegaHelicobacter I think at this point "fake" silver rounds are not real common, however, as the price keeps going up you will have more and more scammers trying to cash in!
Silveready1 11 months ago
@Silveready1
I have just received my 120 oz of silver rounds from apmex I bought it at price 39.21 each including the over the spot price. I m gonna stop buying rounds and start getting bars. I also have heard about the drilled and filled fake bars.
MegaHelicobacter 11 months ago
This has been flagged as spam show
FYI, a fake could ALSO weigh in at 31.1 grams, so weighing isn't a conclusive test.
The true non-destructive test is a specific gravity test where you compare the weight of the coin in air versus it's weight in water. The ratio for a silver coin is well-established at 10.5.
aaxiom31 11 months ago
FYI, a fake could ALSO weigh in at 31.1 grams, so weighing isn't a conclusive test.
The true non-destructive test is a specific gravity test where you compare the weight of the coin in air versus it's weight in water. The ratio for a silver coin is well-established at 10.5.
aaxiom31 11 months ago
@aaxiom31 Good info -thanks!
Silveready1 10 months ago
@Silveready1 Do you really think that's good info? Do you think there is ANYTHING on earth, that weighs different in air versus water? What aaxiom said, is horseshit. (Hint: the genuine test is to determine the PRECISE VOLUME occupied by the precise ounce.)
indignant99 10 months ago
@indignant99 the volume is different depending on the metal.
Silveready1 10 months ago
Does it matter if you buy bars or coins? Does one have an advantage over the other?
Bonez0r 1 year ago
@Bonez0r I know it sounds petty but "Coins" are anything "Legal Tender" minted by a Sovereign entity.
as far as Bullion rounds or Bars, I personally prefer bullion rounds because they can be put in a plastic Medallion Tube holder and neatly stacked in groups of twenty.
Silveready1 1 year ago
stick with Eagles and Maples, then or Englehard, JM, Sunshine, Silvertowne, Pan American, NWTM, A-Mark. stay away from the others.
Rico8458 1 year ago
@Silveready1 nice video just getting started on stacking my silver, this was a great piece of information to use. thank you
app42 1 year ago
@app42 im glad it helped you -take care and keep on stackin'!
Silveready1 1 year ago
I just got 200 buffalo rounds today from Gainesville coins. I do the ping test with my thumb and it's higher pitched and doesn't have the ring that the ping does when I strike my silver eagles ( that I bought from a local shop)....I must be doing something wrong. I've heard nothing but good things about Gainesville...but I'm a little worried.....what should I do?
robreke 1 year ago
@robreke if you bought those from gainsville coin, I wouldnt worry too much about the authenticiity of the rounds -shape, design and thickness can affect the "Ping" sound as well. I believe those rounds are produced by Sunshine Mint -which is one of the companies that supplies Blank .999 planchets for Silver eagles to the U.S. mint.
Silveready1 1 year ago
great video... as this explodes so does counterfeiting.All my purchases are from 1) Scotiamocatta (Canadian bullion company owned by Scotiabank) 2) Gainesville coins 3) Apmex and 4) reputable coin dealers. Don't worry about paying premiums for coins. premiums are part of the fixed cost and I believe they will always be attached to the spot price, only at much higher amounts as this plays out. Bottom Line know who you're dealing with.
silverstorming 1 year ago
@silverstorming Couldnt agree more!
Silveready1 1 year ago
they weigh 31.2, but it's 31.1 of silver. Hence the .999
silveristhefuture 1 year ago
I just bought some morgans and other 1oz coins on ebay and after seeing a few videos on "fake silver" I got that "uneasy feeling"...so I just bought (on ebay no less-- ha ha) a digital calibrated scale ($14) and caliper ($14)--(cheap investment, should give me a good-general idea of what I'm buying anyway)...waiting for them to arrive....curious to see if I'm a "chump"...I may have to upload my own video if things don't turn out well. "I'll be back".
--Van
van1976 1 year ago
@Shean2010 Do you know where those dimensions/weight specs are available? One thing I do is run a powerful magnet along the silver and you feel this weird kind of energy kind of go through the silver because it is anti-magnetic. I'm curious to try this test on some copper bullion for comparison.
disclosurenow9 1 year ago
Not a terribly helpful video. Chinese counterfeiters do no hesitate to put 999 or Johnson Matthey or whatever you want on the fake silver.
disclosurenow9 1 year ago