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<p>[QUOTE=&quot;Hobo, post: 1062946, member: 11521&quot;]Many of the old, poor counterfeits were not gold or were gold plated or were less than 90% gold. The counterfeiter made his money by shorting the buyer on the gold content of the coin. Many modern counterfeits exactly meet Mint standards for the gold coins. In other words, the coin will be 90% gold and 10% copper and have the proper diameter and weight. Some counterfeiters accomplish this by melting a common low-grade Double Eagle and making planchets for smaller denomination gold coins (e.g., Quarter Eagles and Half Eagles). The counterfeiter makes his money not by shorting the buyer on the gold content of the coin but by selling the coin to a collector who pays a numismatic premium for the coin. By making smaller denomination counterfeit coins the counterfeiter increases his profit by selling selling several coins rather than one. (One Double Eagle provides enough gold alloy to make 8 Quarter Eagles, 4 Half Eagles, etc.)[/QUOTE]</p><p><br /></p>

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