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How To Spot Fake Gold Coins?

 
 
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New Member

United States
14 Posts
 Posted 08/11/2019  10:10 pm Show Profile   Bookmark this topic Add Thattalldude to your friends list Get a Link to this Message
I have the opportunity to buy a 1914 gold Indian $2.5 I am rather new to collecting gold coins and am always weary of buy loose gold. Is there a way to spot fake gold coins in person?
Pillar of the Community
United States
4808 Posts
 Posted 08/11/2019  10:25 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Buy slabbed gold, I'm 100% serious.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Youtube: https://www.youtube.com/channel/UCq...ukyxurAHKuRg
If you want to buy something or sell something or just talk, shoot me a PM!
Pillar of the Community
United States
936 Posts
 Posted 08/11/2019  10:38 pm  Show Profile   Bookmark this reply Add llewellin to your friends list Get a Link to this Reply
Easiest way is to weigh the coin and check diameter and thickness. Gold density is not easily replicated with the exception of tungsten which is not practical to make into fake coins.
Pillar of the Community
United States
2364 Posts
 Posted 08/11/2019  10:57 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
There is no easy way or quick fix to spot gold fake coins for the beginning collector. It is a tough series to detect counterfeits as a lot of the fake $2.50 Indians are made from real gold.
Bedrock of the Community
United States
12260 Posts
 Posted 08/12/2019  01:03 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Easiest way is to weigh the coin and check diameter and thickness. Gold density is not easily replicated with the exception of tungsten which is not practical to make into fake coins.


Many fake old gold coins are made of actual gold.


Quote:
Buy slabbed gold, I'm 100% serious.


This 100 percent
Pillar of the Community
United States
4808 Posts
 Posted 08/12/2019  06:58 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
The reason I say buy slabbed is for me, if I have a milimeter of doubt, I go slabbed. It's not that I don't trust myself, but a second opinion is always nice.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Youtube: https://www.youtube.com/channel/UCq...ukyxurAHKuRg
If you want to buy something or sell something or just talk, shoot me a PM!
Pillar of the Community
United States
4116 Posts
 Posted 08/12/2019  08:43 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
ALL US coins that I buy are slabbed.
And I stick to PCGS and NGC.

I don't buy many 20th century coins and none after 1964.
And all my 20th century coins are MS.

I have a birth year set (1941) that is either MS-65 or -66.
My type set goes through 1964 so I have a bunch of 20th century coins there.
And my IHC set ends in 1909.

I have a non-US version of my birth year set but they are mostly inexpensive raw coins.
One exception is my birth year British Maundy set; it's slabbed.
Describe it as if there were no picture.
Picture it as if there were no description.
Edited by kanga
08/12/2019 08:45 am
Bedrock of the Community
United States
16315 Posts
 Posted 08/12/2019  08:59 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
$2.5 IHG are one of the MOST faked coins according to NGC and PCGS both.

I'd SCREAM for the 100%.

It is EXTREMELY rare to get an amazing buy on coins until you've had a lot of guidance, books, and experience.

There will always be more neat coins to buy than money to buy with.
Bedrock of the Community
United States
15627 Posts
 Posted 08/12/2019  10:47 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Lots of ways but how successfult they will be depends on how well done the fake is. If you are looking for somerule or trike that will let you spot any fake gold coin, sorry it doesn't exist.
Gary Schmidt
Pillar of the Community
United States
6983 Posts
 Posted 08/12/2019  8:37 pm  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

Quote:
There is no easy way or quick fix to spot gold fake coins for the beginning collector. It is a tough series to detect counterfeits as a lot of the fake $2.50 Indians are made from real gold.



Quote:
$2.5 IHG are one of the MOST faked coins according to NGC and PCGS both.



Quote:
It is EXTREMELY rare to get an amazing buy on coins until you've had a lot of guidance, books, and experience.


with each statement above! You won't find a "deal" on gold coins, why not? Because why would someone sell them at a discount from what they could get by taking them to a local gold buyer? That's not smart.

I have a friend that can pick out a fake gold $20 out of a pile and get it right 98% of the time, though he has years, and years of experience looking at them and has worked in the past for PCGS as a grader then finalizer, before leaving to start another TPG. He learned because he saw literally thousands of gold double eagles every day. His advice on coins now brings big money in itself as a consultant. You can't learn to spot gold coins from a book or online alone, you really need lots of hands on experience with many, many coins. The advice given so far is good here. Buy from reputable dealers only, buy slabbed coins form reputable dealers only, just a slabbed coin alone isn't good enough anymore, too many fake slabs out there on the internet and places like Craig's list, etsy, etc.

Find a good dealer befriend them and learn, learn, learn.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, EAC Member #6202, NBS Member, 2 variety collector.

See my want page: http://goccf.com/t/140440
Valued Member
United States
421 Posts
 Posted 08/13/2019  9:59 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Heed the grading advice. Also, check the website and match the slab number for added authenticity. The number of counterfeit/tampered slabs is on the rise. Finally, stick to the top names. PCGS, NGC, ANACS.
Pillar of the Community
United States
562 Posts
 Posted 08/14/2019  08:14 am  Show Profile   Bookmark this reply Add DoctorBurnzy to your friends list Get a Link to this Reply
Are you buying from a known reputable dealer? If not, if you know someone who has many years under the belt in dealing with gold coins...Bring them along when purchasing. If possible, ask to take some pictures and post them here. If the person disagrees with that, then you may want to pass on it.
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