Gold is the third most conductive metal (only copper is between them). Gold – Pure The die on the left is the obverse of a silver Greek 5 Drachmai dated between 1833 and 1845. This is a little like a store, where customers can come in and buy smaller bulk quantities of the fake coins and other items made by this operation. Can the wrong metal or alloy give a Resistivity that looks right? Side Refine Panel. Reader Kostas K. pointed out that if you look carefully just to the left of the large tube, you can see a coin traveling through the machine. The photos in this gallery were taken inside a Chinese coin counterfeiting operation. The Year 23 (1934) “Junk” Dollar, named for the ship on its reverse is among the most abundant of all Chinese Republic silver dollar-sized issues. But combined with the appearance and weight of the coin, the fake would be obvious. How Can the Average Silver Investor Protect Himself From Fake Silver Coins? These people claim they don't sell singles. The photo below reportedly reveals the actual fake silver coins being placed inside fake NGC and PCGS slabs: This coin press is striking fake Silver Morgan Dollars: The fake Morgans coming off of this press appear to be in Proof condition: Most small coin dealers believe they can spot fake silver coins by sight or touch, but These are HIGH quality counterfeits: Not only are the fake silver coins not authentic, but as our readers would imagine, are not even pure silver, as the Chinese counterfeiters have created look-alike alloys that closely mimic silver’s density. However, the penalty for exporting these genuine cultural heritage items can be death, but the penalty for exporting replicas is only that you have to pay your business profit taxes like everyone else. This practice is becoming less prevalent as more and more people learn how to test for fake silver… This sort of quantity is the type of deal done behind closed doors in private hotel rooms. These freshly minted fake Morgan silver dollars are high-quality counterfeits. Silver – 99.9% Pure Fake Coin Examples. We Do Not Share In Your Profits, And Thus Will Not Take Responsibility For Your Losses As Well. They claim they're merely filling a demand in the marketplace. A reader purchased five of these coins. These freshly made fake Chinese ancient coins are made by the same counterfeiting operation that makes the silver dollars, crowns, and other fake silver and copper coinage depicted in this gallery. As you can see, the date, on the counterfeit has letters that … Well over 100 million were struck, including 30 million … Gold – 98.6% You will always want to combine this with the magnetic slide and dimensions test. By using The Spruce Crafts, you accept our, Another Coin Press Used by the Chinese Counterfeiters, Chinese Worker Applies Edge Lettering to Fake Coins, Chinese Workers Making Counterfeit Rare Coins, Chinese-Made Fake Silver and Copper Coins, One of the Showrooms in the Chinese Counterfeiting Factory, Another Storage Area or Showroom for Chinese Fakes, One of the Many Storerooms in the Chinese Counterfeiting Factory, What Are Doubled Die Coins and How to Identify Them, Man Finds $126,500 Penny in Fifty-Cent Roll of Coins. This room is more cluttered and messy than some of the other presumably "showroom" photos, although this might be a showroom area, too. This photo shows coins that have been put in slabs or coin holders that have a grade on them. Silver Dollars seem to be a favorite for the counterfeiters. These coins, while fake, replicate the type of coin which has been made in China for at least 2,500 years. The 1923 silver dollar on the left is authentic and the Peace Dollar on the right is counterfeit. Gold – 90% Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. Ending Today at 6:00PM PST 14h 40m. That makes the 1897 Kiangnan silver dollar a valued addition to a chinese dragon dollars collection. Some of these fake Morgan silver dollars will also find their way into counterfeit PCGS and NGC slabs, but my sources tell me that most of the fakes these counterfeiters sell are sold "raw" (rather than slabbed). There are currently many fake gold and silver bars and coins being sold out of China. We now have VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ring the Fake Silver Coins Are Coming From: The Chinese Counterfeiting Ring Exposed in the Photos Below is Not A One Man Operation. The goal of counterfeiters is to create a high volume of fakes and make money on … The detail and quality of these fakes are very high making it very hard to tell the difference between a fake and an original. These freshly made fake Chinese ancient coins are made by the same counterfeiting operation that makes the silver dollars, crowns, and other fake silver and copper coinage depicted in this gallery. Coins Found in Pocket Change. Some of them are even sold "legitimately" as "replicas" rather than as the genuine coin, but without a marking indicating that they're copies, it is easy for dishonest people to pass them off as authentic. This is a storage area or another showroom type of place. There are also many dealers that buy wholesale fake coins and bars from China, passing these off as legitimate and profiting from the large margins. C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. $5.00 shipping. Had I not, I would've been months, waiting on the return, plus postage, to return this fake coin … They came about through a numismatic watchdog/satire blog called Biddle's Bank. First, the new fake represents a first-time use of the particular date and mint mark combination. In the back on the lower shelf, you can see coin dies for sale, so you can make your counterfeit coins. Counterfeit Detection. For several years, rumors have swirled of silver investors being scammed by fake Chinese counterfeits of US silver coins – mainly from online auction sites. This Chinese counterfeiting ring doesn't confine its production to coins. The 1906 Ellis Island silver dollar is 100% fake because the real coin was not struck until 1986 by the U.S. Mint as a silver commemorative dollar… 1914 China Silver Dollar Fat Man Yuan Shih Kai NICE ORIGINAL XF RARE COIN. These coins represent an assortment of fake coins that have been processed after striking to make them look circulated or dug from the ground. As you can see, this ring seems to prefer making counterfeits of key coins and the other more valuable dates, sometimes to the point of absurdity, as in its fake 1913 Liberty nickels. Surrounding it are boxes of Chinese-made fake silver coins, all neatly sorted into compartments. The original 5oz.999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. Several freshly struck fake Morgan silver dollars lie to the right of the machine. A coin that has about the right weight (for example using tungsten to fake gold) would have a totally different resistivity than gold. Minting experts Mike Diamond and Fred Weinberg also concur, based on what they can see in the photo, that the machine is applying edge lettering. Caveat: While the ping test is a great method to check for fake silver bars or coins, it is not foolproof. The dates on the fake large cents include 1854 and 1857. A worker, who looks to be a woman, is operating a machine that applies edge lettering to the edges of the struck coins. VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ring, Suspected of Pumping Out THOUSANDS OF FAKE SILVER COINS. $200.00. The images that were sent makes the coins appear to be cast copies of American Silver Eagle coins. Although these items might look like they were dug up from thousand-year-old graves, they were just made last week. Posted on December 20, 2016 Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by the Numismatic … One of the most amusing ironies in this Chinese counterfeiting business is that these counterfeiters make and sell a vast number of fake Chinese antiquities. They're self-proclaimed "replica wholesalers," and it's not their fault if other people misrepresent their merchandise. 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