Fake ASE's

Discussion in 'US Coins Forum' started by tmoneyeagles, Jun 1, 2009.

  1. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    By Susan Headley, About.com

    Question: How Can I Avoid Silver Eagle Coin Fraud and Other Fake Silver Coins?
    Coin fraud is an unfortunate reality in the coin collecting marketplace, but you can avoid buying fake silver coins, and avoid coin fraud in general, by learning how to spot fake coins. We will use a fake Silver Eagle to demonstrate some easy steps to avoid buying fake coins.
    edited - copyrighted material

    If you have a link to the article you copied, by all means post it. But you cannot copy/paste copyrighted material, it's against the law.
     
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  3. Conder101

    Conder101 Numismatist

    I take several of these tests with a grain of salt because as a general rule most pieces where they are making the fakes from base metal are usually lower quality fakes that can be recognized fairly easily. The real danger comes from the good or high quality fakes and with greater and grater frequency they are being made out of the correct alloy and often the correct weight as well. Eventually the counterfeiters realize that they are being penny wise and pound foolish. By including a few dollars worth of precious metal in the coins they can uncome a lot of suspicions and sell MANY more fakes at hundreds of dollars each or more. The base metal fakes look suspicious making sales more difficult and price received per coin lower. But if the coin LOOKS good they can sell many more and at higher prices. The way to do that is to use the correct alloy. (The mid east counterfeiters learned that in the 50's and 60's with the gold coins. With the weight and color right they were able to more a lot more product and took longer before the fakes were noticed.)
     
  4. sunsetcliff

    sunsetcliff Junior Member

    fake SAEs arent too big of a problem. IMO
     
  5. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Well, I had this post titled FAKE ASE's, because this post, was actual written about an ASE
    I couldn't get everything copied over, and forgot to change the title to fake silver coins
     
  6. Conder101

    Conder101 Numismatist

    Just the 1906 ones.
     
  7. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Glad you read the whole thing, on about.com
    I was interested in sharing this with all of you, :)
     
  8. Conder101

    Conder101 Numismatist

    I didn't read anything on about.com concerning this.
     
  9. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    It is very odd that you used 1906 in your statement
    The full article, had 1906 fake ASE in it
     
  10. Conder101

    Conder101 Numismatist

    I mentioned it becase I have seen a lot of fake 1906 ASE's. Almost all of the fake ASE's are dated 1906.
     
  11. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Really, never would have guessed :)
     
  12. Speedy

    Speedy Researching Coins Supporter

    And that is a good thing - remember that we can't post copyrighted info here on CT. If you want, you can post part of the article, and a link to the complete article...

    Speedy
     
  13. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Sure thing, sorry guys :)
     
  14. grizz

    grizz numismatist

    .......it could have been worse. you could have slammed obama.
     
  15. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Yeah, then I'd be in big trouble.... LOL
    I get plenty o' ways to slam obama... In my email inbox, and in my saved pictures! LOL
     
  16. grizz

    grizz numismatist

    .......i hear you, me too.
     
  17. elaine 1970

    elaine 1970 material girl

    i wish i could have one fake 1906 ASE. as long as it cost me a quarter to buy that.
     
  18. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    And as long as it has silver! :D
     
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