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$5 Indian Collection

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Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 01/21/2012  7:42 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Silverhawk: Thanks for the warning. I have never bought a coin without examination in hand first.

I guess that I have to be counted out of ebay because of this.

Normally, this is the sort of coin I would buy from a regular postal auction to which I have been a subscriber for 20 or so years now. I personally know all of the guys who run it, and I pick up my successful bids in person, and I quite often go to the view days as well.
Pillar of the Community
Silverhawk74's Avatar
United States
3670 Posts
 Posted 01/21/2012  10:18 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
That's just smart Sel to bypass that ebay risk and buy in person. What you can hold in your hand an confirm as real....

Usually anymore I pass on ebay buys for that reason, and no ebay bucks on bullion anymore....

I did grab a nice 3 oz. Swiss Goldas Chip silver assay card bar from a legit dealer who I had grabbed a 2 oz. from before. I had taken it to work and didn't open of course, but its weight is right and the magnet test is good. Cons I figure will not waste their time trying to forge those assay cards with the chips in them, and all the serial numbers match, the bar has high quality design an detail an so on, as the effort an time is not worth it....

We saw that gold 50 gram bar seems like recently that was faker then fake, and the pawn guy who bought it when he opened and rubbed it on the rock past out form shock. But it was way obvious. I figure coping those cards, is almost as tough as counterfeiting money, never easy. Plus, you NEED a good fake bar to start, so two obstacles to cross. Its not full proof of course as nothing is, but I like the odds in my favor with them, as cons will just focus on something easier to fake....
Edited by Silverhawk74
01/21/2012 10:21 pm
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 01/21/2012  10:57 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If the con. men are going to fake gold, gold plated tungsten can be substituted. Both metals have the same density, i.e 19.2 g./cc.
Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 01/22/2012  4:42 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Tungsten has been in large fake bars, but there have been no tungsten counterfeit coins reported. The striking characteristics would be completely different as tungsten is an extremely hard metal, it's just not economical. Gold plated fake platinum exist though, but now adays they usually bring a premium, and probably still would even though the gold price has exceeded platinum.

For collectable coins, real gold is used in most counterfeit gold coins that are used to fool a collector. The smaller denominations are the most popular, the reason being is that they usually bring the highest percentage of premium over melt. $3 gold and type 2 1 dollar examples are the most heavily hit.
Valued Member
United States
306 Posts
 Posted 01/22/2012  8:43 pm  Show Profile   Bookmark this reply Add VetStudent to your friends list Get a Link to this Reply
Love seeing all those gold Indians together!
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