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<p>[QUOTE="SilverSurfer, post: 857926, member: 21603"]Yes, counterfeits exist. The trick to avoiding them is to buy "junk" silver that has no numismatic value. Almost all silver Dollars have a numismatic value of some kind. Washington quarters from the later years with no mint marks usually sell of bullion value. Franklin half dollars likewise. So, the only way to profit from a counterfeit would be to make it out of something besides silver. If you can identify silver coins as being silver, then buying a counterfeit isn't likely. I did find one coin shop that was selling a magicians half dollar as bullion, but it was obvious that the coin wasn't silver.</p><p><br /></p><p>If you buy coins with numismatic value, almost anything can be a counterfeit or altered in some way to make it more valuable. I once saw a 1909 penny with v.d.b. stamped into the reverse to make it worth more. This is the type of altering I'm talking about. If a coin has $14 worth of silver value, but a rare Carson City silver dollar with the exact same amount of silver is worth $200, then a counterfeiter might make one out of silver just because of the numismatic they could get for it.</p><p><br /></p><p>If the silver coin in question has no numismatic value, you can use this test to tell if it is 90% silver. Balance the coin on the tip of your finger and tap it with another coin, like a quarter. The silver coin will make a nice long rinnngggggg sound that last a few seconds. Try it with one of your silver dollars.</p><p><br /></p><p>So, stick with "junk" silver and stay away from numismatic type coins if you are worried about this. After you've handled a bunch of "junk" silver coins, you should get a better feel for what authentic silver coins feel and look like....this will help you spot those that aren't silver.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 857926, member: 21603"]Yes, counterfeits exist. The trick to avoiding them is to buy "junk" silver that has no numismatic value. Almost all silver Dollars have a numismatic value of some kind. Washington quarters from the later years with no mint marks usually sell of bullion value. Franklin half dollars likewise. So, the only way to profit from a counterfeit would be to make it out of something besides silver. If you can identify silver coins as being silver, then buying a counterfeit isn't likely. I did find one coin shop that was selling a magicians half dollar as bullion, but it was obvious that the coin wasn't silver. If you buy coins with numismatic value, almost anything can be a counterfeit or altered in some way to make it more valuable. I once saw a 1909 penny with v.d.b. stamped into the reverse to make it worth more. This is the type of altering I'm talking about. If a coin has $14 worth of silver value, but a rare Carson City silver dollar with the exact same amount of silver is worth $200, then a counterfeiter might make one out of silver just because of the numismatic they could get for it. If the silver coin in question has no numismatic value, you can use this test to tell if it is 90% silver. Balance the coin on the tip of your finger and tap it with another coin, like a quarter. The silver coin will make a nice long rinnngggggg sound that last a few seconds. Try it with one of your silver dollars. So, stick with "junk" silver and stay away from numismatic type coins if you are worried about this. After you've handled a bunch of "junk" silver coins, you should get a better feel for what authentic silver coins feel and look like....this will help you spot those that aren't silver.[/QUOTE]
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