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Seven Tips To Spot Counterfeit Gold Coins
Anyone must have seen news of the collapsing financial system as thousands of Americans are losing their jobs each month. With the failing financial system, many are hurrying to invest in valuable metals like bullion coins, bars and bullion. With the elevated demand of gold, many are taking advantage of innocent individuals by producing massive fake coins in the market.
True enough, many have been victimize by people marketing fake bullion coins. If you are not careful, you may end up like one of them. In order to spot if the gold coins that are circulating in the marker are fake or not, check the following ways below.
Examine The Metal Quality
Assessing the characteristic of metal is the easiest way to tell if the coin is not genuine. Fake coins can appear dull or too shimmery. In order to tell the discrepancy, you need to know first the quality of metal used by the original coins. Aside from the dull and too shiny appearance, fake coins can look a little granular.
Make Use Of Magnet
Magnets can help check if the coins are genuine or not. Take note that magnets cannot magnetize legitimate gold coins.
Check The Coins With A Sterling Silver Cleaner Solution
In a sterling silver cleaner solution, soak the bullion coins. If you notice that the coating changes in color and the gold coins tarnish after a day, then the coins are certainly fake.
Be Familiar With The Coins Size And Dimension
For easier look up, make a list of the authentic coins sizes and dimensions. You may want to get a scale calibrated by grams. If a bullion coin measures a little bit on the lighter side or possibly, more than it should be, better thinks twice. It is truly important to check all the measurements including the weight, diameter and thickness.
Distinguish The Facts About The Coins
Surely every gold coin collectors are accustomed with the individual markings, images, dates and words in their coin collection. You can quickly spot a fake when there is a disproportion with the facts. Know that these facts are critical. A slight discrepancy can mean that the coin is fake. Also know where the image should be facing in real coins. Let’s say we are looking at a 1958 US Gold dollar. It features an Indian princess wearing a feathered cap. When you count the feathers, it should total to seven. One feather less means the coin is definitely a fake.
Assess The Coins By Listening
You can distinguish if the coin is authentic by listening to the sound as it land to a hard surface. Experts can easily tell if the coins are fake just by simple listening. Take note that bullion coins will make a distinct strike, while a coin mixed with other metals will simply generate a dowdy clunk. In an ideal world, you should have a bullion coin so you can easily compare in between coins.
Check The Price Of The Coins
Before you buy any coins, distinguish their value so that you will not be easily persuaded. If he is giving you a price that is very questionable, do not hesitate to ask. You can also check online with other resellers and see if the price of the bullion coins is at standard.
investing in bullion coins is definitely a good solution to the failing financial system. On the other hand, be certain to check the bullion coins if they are authentic. Better be a smart and careful consumer than a weeping buyer. Good luck!
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