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When Platinum Circulated In The US In The Form Of Forgery

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Australia
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 Posted Today  7H 37M ago Show Profile   Bookmark this topic Add gxseries to your friends list Get a Link to this Message Number of Subscribers
When the Spanish conquest went through South America to 'raid' their rich natural reserves, platinum was often found with gold. This was initially deemed as 'useless piece of silver' when smelting, hence the name platin as it sounds similar to plata (silver in Spanish). Soon fraudsters found the density of platinum useful as platinum is denser than gold. Eventually some European gold coins were counterfeited in particular Spain and France. British gold sovereigns were targeted but these are less common.

I'm always on the look out to find early platinum coins that circulated and that includes forgeries. Today I found interesting article that mentioned how fraudsters in the US hollowed out early 10 and 20 dollar gold coins and fill them with platinum plug (!)

Article can be found here https://coinweek.com/counterfeit-go...hollow-gold/

Have anyone come across such adulterated coin? Can't imagine it to be too common. Got to admit that I would like to own such example.
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HondoB's Avatar
United States
26557 Posts
 Posted Today  2H 6M ago  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Very interesting article, gxseries - thank you for sharing it!

It's possible that some of these fakes have survived to the present day unbeknownst to the owners. The ping test is the way to find them.

I was thinking that one of these would be a real prize for a collector of counterfeits, perhaps more valuable than a genuine coin. But that would give rise to a new enterprise - counterfeits of counterfeit gold coins!
Inordinately fascinated by bits of metal with strange markings and figures
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