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Can Someone Please Tell Me If This Is A Real One Ounce Round

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jakedacc's Avatar
Canada
1177 Posts
 Posted 07/08/2012  12:39 pm Show Profile   Bookmark this topic Add jakedacc to your friends list Get a Link to this Message Number of Subscribers
i purchased this round today, it seems real, not magnetic, its made by JM (very good reputation)but it weighs 30.85 ounces, please can someone research or tell me if it is real (can't find anything on the net)

Can-Someone-Please-Tell-Me-If-This-Is-A-Real-One-Ounce-Round
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 07/08/2012  12:47 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Sometimes a company will pour 31.108 troy of silver, and the little additional amount in other alloys perhaps for strengthening the coin....

Perfect example a 1 oz. Gold American eagle has 31.108 troy oz. of pure gold, but is 32 an some change if memory serves me right and it does, lol....

Still, ALWAYZ a red flag when a silver round does not match exact weight, and I have never seen this one before. Your pic is also blurry on the reverse image so tough call, but I think there is a decent chance it could be fake or real, I will see what I can find....
Edited by Silverhawk74
07/08/2012 12:48 pm
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 07/08/2012  12:49 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
This concerns me, as this seller can NOT confirm gold or silver content, and that coin looks bronze to me, not gold....

http://www.ebay.com/itm/1984-LAKE-O...em562a97c546
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 07/08/2012  12:50 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Only other one I could find similar, properly listed as a medal....

http://www.ebay.com/itm/Lake-Ontari...em5ae7e5afce

Might be .925 or sterling I am thinking perhaps....

I will see what else I can find....
Edited by Silverhawk74
07/08/2012 12:55 pm
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traevin's Avatar
United States
1454 Posts
 Posted 07/08/2012  12:55 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
I'd say you have a pretty rare JM token. I haven't seen its like; and these sorts of 1 oz. rounds are kind of my specialty. I can't see from the pic whether or not the round is marked .999 silver. If that is present, no worries; trust the JM reputation. If it doesn't explicitly state its fineness, chances are near 100% that it is NOT silver.
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jakedacc's Avatar
Canada
1177 Posts
 Posted 07/08/2012  12:59 pm  Show Profile   Bookmark this reply Add jakedacc to your friends list Get a Link to this Reply
i just called the dealer, it actually says .999 fine silver on the rim
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traevin's Avatar
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1454 Posts
 Posted 07/08/2012  1:00 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
If it's on the rim, you're good to go!

Forgot to add:

to the forum.
Edited by traevin
07/08/2012 1:02 pm
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 07/08/2012  1:04 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
A good rule is to always make sure a silver coin has....".999 Fine silver" written on it somewhere on the bar a personal must for myself....

And you gotta watch the plating, as they will try and sneak in .999 fine silver, and plating written so small under you need a loupe, rof....

I can't say I have honestly ever seen that in which I can recall, but if its out there with the mini plating stamp, I would not be a bit surprised....

A former job and employee from another district bought a gold plated silver bar for like 1700....

The boss walked by the gold case and took a double take and was like.... "Whoooo Nelly, what is that gold copy silver bar doing in there with the nice gold coins?"

Little did he know at that point the 40 dollar bar had been purchased for 1700, lol....
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Center Pin's Avatar
Canada
178 Posts
 Posted 07/08/2012  1:05 pm  Show Profile   Bookmark this reply Add Center Pin to your friends list Get a Link to this Reply
Hard to tell from the pictures but I do not see 999 or "silver" on it. You could always contact J&M with a picture and they would let you know.
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traevin's Avatar
United States
1454 Posts
 Posted 07/08/2012  1:24 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
It's on the rim, CP. I have many examples of this. Placing the silver quality on the rim versus the face was a quite common practice in the 1970's.
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3184 Posts
 Posted 07/08/2012  2:52 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
the coin is 30 oz or 1 oz?
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Center Pin's Avatar
Canada
178 Posts
 Posted 07/08/2012  3:09 pm  Show Profile   Bookmark this reply Add Center Pin to your friends list Get a Link to this Reply
If it's on the rim "Silver" and a purity, and has J&M on it, I would have no issue with it's authenticity.
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jakedacc's Avatar
Canada
1177 Posts
 Posted 07/08/2012  3:29 pm  Show Profile   Bookmark this reply Add jakedacc to your friends list Get a Link to this Reply
this coin is 1oz, yes J&M is a very reliable source! thanks for the advice! I'm new to this forum but definitely very helpful!
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Ed_B's Avatar
United States
4008 Posts
 Posted 07/08/2012  4:36 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
While it is good to see the markings that this round has, none of them prove that this is a genuine silver round. If someone were cloning these, for example, they would be sure to include all the "JM" and ".999 silver" markings, wouldn't they? Even if it is genuine, the low weight is disconcerting. If it is a 1-Troy ounce round, then it should weigh at least 31.103 grams.
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jakedacc's Avatar
Canada
1177 Posts
 Posted 07/08/2012  5:20 pm  Show Profile   Bookmark this reply Add jakedacc to your friends list Get a Link to this Reply
@Ed_B what should I do? bring it back to the coin dealer? how do I test these?
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traevin's Avatar
United States
1454 Posts
 Posted 07/08/2012  5:35 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
Does the coin actually have 1 oz. stamped on it, anywhere? Because if it doesn't implicitly state that, it makes absolutely no difference in the world if it's a hair under and ounce. IF it's a forgery, and I do not believe it is, don't do anything to the coin. We had a guy butcher a nice, expensive round just last week when all he needed to do was spend a few seconds of research and he would have known exactly what he had. If you have any doubts about its authenticity, talk to the dealer, first. He should be able to allay your worries, and if he can't, perhaps he'll be kind enough to trade it for something else? Worst case scenario, sell it on ebay. Unless you grossly overpaid, you'll probably get your money back.
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