Repost Of Silver Eagles

When you look at it you have to ask ?

Why does a coin that was never circulated or minted proof have such wear on the dress and face of the coin?
Someone must have handled it quite a bit for that wear ?

why does it look so old ?

The first fakes were " 1906 " we all luaghed and said why would someone do that for ?
the coin was " aged " chemically and the die was made to show wear on the coin.

Someone bought a 2009 fake silver off ebay
http://reviews.ebay.com/Fake-Americ...000012836577

no telling how many others dates have been fakes also.

To make a fake of that coin would be very profitable and not a ket date people would not suspect it

Cost to make a nickle based silver plated fake might be 50cents if that

If they faker can get the base metal and plating to be the same as a orginal eagles weight
He could dump thousands onto the market in a few months
he would wholesale them at 10$ each then the wholesalers relist them

At 19$ each people would buy them by the roll

If they weighed the same only time they would get noticed is when someone sent them to a refinery to be melted

as far as the one you have a fake ?
http://ezinearticles.com/?Silver-Ea...l&id=1073377

the drop test would work,
drop a real eagle and see how it sounds then drop the one you suspect is fake see how it sounds

If you really wanted to you could pass it on to the u.s mint for investigation

the suns ray by the dress look strange very very weak, unless its just the pic

its only worth melt if its real being circulated, id let it set in some lemon juice and see what happens to the color

Here is an example of a pocket coin that was pristine five years ago.

I don't see any wear on that coin, what I do see is patchy toning


That is virtually impossible to do and keep the dimensions correct at the same time. The only other practical metal with an SG close to that of silver is lead and anyone who is a collector would never confuse a lead coin with a silver one.

I see absolutely nothing suspicious about this coin at all, it is just a common heavily toned Silver Eagle. As long as it weighs correct, then it is certainly genuine.

the wear that I was refering to was on the breast area,
look at the one above some one posted and the one he thinks is fake ,
the lower portion of the bust is worn off the lines in the dress at the bottom of the breast are gone,
looks like the fake one that came from china with little detail in the bottom of the breast bust area

Most shops will pay very close to melt for ASE. These regularly trade at 10% over melt and current melt is $27.35.

In the future you would be well served to not take an offer that low.

You can always check current spot pricing at Kitco online and there is some good reading on the Kitco website:

http://www.kitco.com/

Current retail pricing is available at American Precious Metals Exchange ( APMEX) website. APMEX also lists their "Buy" pricing for many items. There is a $1,000 minimum on sales to APMEX, but it provides a good frame of reference even if not selling to them.

http://apmex.com/

Lastly - keep reading online, here at CCF, and in books and periodicals you come across. We've all made some poor deals and that's part of how we learn. Keep an open mind and give yourself a break.

Good Luck!

Hey gang, if you want to go to APMEX, just use the CCF link at the top of your page. That way the forum will get credit for us using our sponsors.