How to Spot a Fake Coin


How to Spot a Fake Coin

07 Apr 2020 Tue

When growing your mint collection, it ’ sulfur imperative mood to work with person that is reputable and reliable. But no count where you ’ re procuring your coins, particularly if a coin is particularly valuable or rare, you must be on the lookout for counterfeits. Spotting fake coins may be tough, but it ’ sulfur accomplishable.

There are three common types of counterfeit coins and three key ways to identify these different fakes. With a morsel of know-how, you ’ ll be protected from unwittingly wasting money on fakes.

Three Types of Counterfeit Coins

Cast Coins: Casting fake coins is the cheapest and most common way to counterfeit. By using an authentic coin’s casted mold, a counterfeiter pours a mixture of metal in it to create a fake. These molds have often been taken or copied from a facility to produce a coin with a startling likeness to the original. A cast coin is preferable to a struck coin because it’s a quick, easy way to replicate coins. The mixture of liquid metal poured into the cast often results in a coin that is nearly indistinguishable from the real coin you’re seeking to add to your collection.

Struck Coins: Counterfeiting struck gold and silver coins is a more complicated process than casting fake coins. Essentially, false struck coins are created similar to the method used by mint manufacturers. The counterfeit is created by placing a flat, round metal disk, called a planchet, between two coin dies. These coin dies are pressed together by a hydraulic press, molding the planchet into a replica coin.

Doctored Coins: A doctored coin is created by altering a regular coin until it looks either rare or antique. A common coin, cast by a mint, is distressed with slight engravings or etchings, so it appears more valuable than it is. Alternatively, counterfeiters will “split” coins. Splitting is a counterfeit style where two coins, one inexpensive and one seemingly rare, are merged to create one that appears to be valuable.

How to Identify a Counterfeit Coin

Dimensions: Each coin produced by the India Mint has specific dimensions that verify the authenticity of a coin. These dimensions include the coin’s metallic content, weight, diameter, thickness, and year of minting. You can check some of the measurements of the coins through this technique.

Visual: Examine the coin in question with the assistance of a magnifying glass. Look for small inconsistencies such as mismatching surface texture, text spacing, seams, markings, and edges. Then, compare these visuals to an authentic coin- you can either compare to the one you already own or find a high-quality image online. If you notice differences between these two coins, you may very well have a counterfeit coin on your hands.

Magnetic: Both silver and gold are non-magnetic metals. For this reason, neither a fine gold nor a fine silver coin should have any magnetic reactivity to a magnet. This is a very simple test- grab a magnet, preferably a stronger one, and place it near your precious metal coin. If the coin is attracted to the magnet, you know you have a fake. Iron and steel are very magnetic metals and are often used in the production of counterfeit coins.

While it’s possible you’ll stumble across a counterfeit coin, and now you’re equipped with the knowledge to spot them and not waste your money. For future purchases, it’s crucial to purchase from a reputable company like Mintage World, to protect and continue to grow your collection.

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