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I don't get it (old gold coins vs. gold bullion)?
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<p>[QUOTE="ToughCOINS, post: 3222071, member: 20480"]Actually, most counterfeit gold coins are of smaller denominations because, unlike larger gold coins, they sell at a much higher premium to their gold content. Counterfeiters would have a hard time making deceptive fakes of large coins because they'd need to find a way of substituting another material or the gold. With smaller coins, they can make them with the correct gold content and still make a lot of money because of that high premium.</p><p><br /></p><p>As for possessing the machinery necessary to strike counterfeits, it is available, and at pretty reasonable cost if making a lot of fakes. More importantly, counterfeiters may simply "borrow" the equipment of another business during off hours (think 2nd or 3rd shift, or weekends) if they work in the right type of industry.</p><p><br /></p><p>I'd say it is quite rare for counterfeits made today to be made of less gold than the real thing, and that's almost certainly why you're unaware of their prevalence, as are most pawn, jewelry and, yes, even coin dealers who trust in correct weight / gold content to authenticate them.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 3222071, member: 20480"]Actually, most counterfeit gold coins are of smaller denominations because, unlike larger gold coins, they sell at a much higher premium to their gold content. Counterfeiters would have a hard time making deceptive fakes of large coins because they'd need to find a way of substituting another material or the gold. With smaller coins, they can make them with the correct gold content and still make a lot of money because of that high premium. As for possessing the machinery necessary to strike counterfeits, it is available, and at pretty reasonable cost if making a lot of fakes. More importantly, counterfeiters may simply "borrow" the equipment of another business during off hours (think 2nd or 3rd shift, or weekends) if they work in the right type of industry. I'd say it is quite rare for counterfeits made today to be made of less gold than the real thing, and that's almost certainly why you're unaware of their prevalence, as are most pawn, jewelry and, yes, even coin dealers who trust in correct weight / gold content to authenticate them.[/QUOTE]
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