Flock Of Trade Dollars - Page 2 - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 20 / Views: 3,034	Page: of 2

Drsandman2 Pillar of the Community United States 1374 Posts	Posted 03/09/2012 7:42 pm fred, great lesson and thanks for sharing! :D Watched the same thing happen with Morgans the other day at my dealer. The customer had about 9 rare Morgans, and the first thing my dealer did was pick them up with a magnet. Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 03/09/2012 8:40 pm A magnet is a tool everyone that buys silver needs to have but its not 100% fool proof because some of the counterfeits do not stick to a magnet and that is where knowledge of what its supposed to look like comes in. There is no substitute for knowledge no matter what profession you are in Report this Post to the Staff
SteveCaruso Pillar of the Community United States 1796 Posts	Posted 03/09/2012 9:21 pm Magnets can test in more than one way. First, there's if it sticks. At that point, it's busted as either made of something ferric or nickel. Second, there's how it slides. A neodymium magnet will slide very slowly over the surface of something made of coin silver. Most of the non-magnetic fakes don't pass the slide test, and those that do are too light. :-) Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 03/14/2012 9:52 pm I forget the term, but silver is (something)-magnetic. A strong enuf magnet will cause a reaction, but not like steel or pure nickel. Report this Post to the Staff
jbuck Moderator United States 189767 Posts	Posted 03/15/2012 12:08 pm Silver is diamagnetic. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
	Replies: 20 / Views: 3,034	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.25 seconds to rattle this change.