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<p>[QUOTE=&quot;Conder101, post: 2540799, member: 66&quot;]Contemporary counterfeits were not made of gold for that very reason.&nbsp; But the Middle East fakes made in the late 50&#039;s early 60s were made of the correct alloy, sometimes even a little better.&nbsp; Gold bullion was price controled at that time at $35 an oz, and Americans couldn&#039;t own gold.&nbsp; But they COULD own pre 1933 gold coins and at the time they typically traded at around three times gold value for common dates.&nbsp; The counterfeiters could buy gold at $35, make it into US gold coins and sell them to tourists at $70 an oz.&nbsp; The tourists either thought they were buying cheaper than they could at home, or saw it as a way of hoarding gold at a cheaper price than they could legally buy it at home.&nbsp; And being &quot;US coins&quot; there was no hassle bringing them home.&nbsp; Under weight or low fineness fakes were more likely to be spotted and since they were already making a really good profit at full weightwhy risk detection from improper alloy?[/QUOTE]</p><p><br /></p>

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