The "Real" Weight of Junk Silver

Discussion in 'Bullion Investing' started by Fifty, Oct 10, 2010.

  1. GDJMSP

    GDJMSP Numismatist Moderator

    Every coin there is has been counterfeited at one time or another. You have to remember that the single biggest reason for a counterfeit coin was not to fool collectors, it was to pass fake money off as real money. The counterfeiters made their profit (pennies on the dollar) by doing just that.

    Also consider - with what coins are you most likely to get away scott free when faking them ? Answer - the last ones that anybody would expect you to fake.
     
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  3. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Thought crossed my mind, but to make a coin that's heavier than normal? Eh... the underweight ones could be underweight because of wear.
     
  4. medoraman

    medoraman Well-Known Member

    I saw a fake Kennedy once. A dealer had it in his black box, purchased in a group of silver. The date was 64, but it was a cast fake. Doug is right, all coins have been forged, at a minimum just for the profit between making them and spending them. These are called contemporary counterfeits, different than collector counterfeits.

    Btw, this was when silver was only $4, so I am not sure they were faking them to sell for silver value or not. It would be a bigger concern now of course, and a person could make weight pretty easily by adding lead into the alloy. Gold is hard to fake since it is so heavy, but there are lots of cheap metals heavier than silver.
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Only if the wear is extreme. As for heavier than normal, yeah that's been done too. There are plenty of fake Morgans with a higher weight and a higher fineness of silver than the genuine coins had. Now you're gonna ask how they (the counterfeiters) could do that. Easy, the silver used in the coin was less than $1 in value so they still made a profit.

    That's why the correct weight is so important. A coin too heavy or too light is a good sign it is a fake.
     
  6. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Yeah, with high silver prices, I could reasonably see someone forging Kennedys to sell for their "silver" content... almost every dealer I know won't even bat an eye if you bust out a few rolls of '64's... they just give 'em a quick look over for 40%'ers and pay you.
     
  7. msungs

    msungs New Member


    True but all of the dimensions would have to be dead on. Usually when a different metal other than silver is used; this compromises the dimensions of the coin. A counterfeiter will almost always make his coin the same diameter and circumference as the real coin because it would be a too obvious give-away if he/she didn't. What I saw on youtube is that the majority of fake silver coins when they are the exact weight of the real coin are too thick when measured with calipers. I have also seen when the measurements of the coin (the circumference-diameter and thickness) are 100% correct, then the coin will usually be severely underweight by at least a few grams.
     
  8. 10gary22

    10gary22 Junior Member


    Give em time
    All the Chinese mint has to do is cut the dies
     
  9. msungs

    msungs New Member

    I have some definitive information. Every coin has specific tolerance levels and certain specifications. The specification and tolerance levels for the US Benjamin Franklin Half Dollar are +/- .259 meaning that the tolerance range is 12.241-12.759 grams. This information can be found in the "Red Book Professional Edition", through printed sources, or online. Since I have measured my coins with calipers and now I am armed with this information I think it is safe to say my coins are authentic. Thank you for your time GDJMSP because you really made me think about some things in a different way. Your general 1% rule of thumb is a good one to apply if you want to be safe, I just wanted the official tolerance ranges and my coins pass. Thanks and I look forward to meeting you again in the forums.
     
  10. WashQuartJesse

    WashQuartJesse Member Supporter

    Grammarians were once highly revered.
     
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