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 Replies: 21 / Views: 4,694 |
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Valued Member
United States
360 Posts |
I went to my LCS and they didn't have any ASE's, so I decided to buy a generic round. I got home and weighed it, and it turned out to be 31.30 instead of 31.1. My scale can be off, but usually only by 0.02. I am wondering if it is fake. It is NOT magnetic, and I don't have any acid to test it. Help? Edited by YoungNumismatist
01/02/2013 2:31 pm
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Pillar of the Community
Canada
1411 Posts |
They may have poured a little extra silver so it was more easily marketable or by mistake. From what I have heard, it is quite common (its hard to be that precise time after time).
Edited by Windchild
01/02/2013 2:34 pm
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Valued Member
 United States
360 Posts |
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Valued Member
United States
360 Posts |
Oh, okay. Thanks a lot, because I was worried. I didn't want my first buy to be fake.
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Pillar of the Community
1283 Posts |
It's a perfectly fine generic round. Generic rounds are in a lot of cases like finger prints in the way there are never the same weight. They have a pretty liberal margin of error for a lot of these companies. Drop it on the table and see what sound it makes, that's am easy way to tell what its made of.
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Pillar of the Community
Canada
1528 Posts |
I went on a tour in RCM and they said, if it is over weight, they let it pass but they would fail a coin if it is underweight |
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Valued Member
United States
360 Posts |
It does have a really high pitch ring to it. I'm guessing that's the silver ring I've been hearing about.
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Pillar of the Community
United States
1200 Posts |
The amount by which the weight was off was pretty small and if your scale is an inexpensive one, there's a fair chance the scale itself could be off by
a little bit as well as the round being off by a little bit also. Overall, you're pretty safe that it's not a counterfeit. Haven't heard anything about Chinese
knockoffs of Golden State Mint rounds yet, either...
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Pillar of the Community
Mexico
1304 Posts |
I can only agree with the above. The margin of error on that seems fine and if it has that nice ring...I'd say you have a nice one ounce round.
To get a better idea of your scale's capabilites in the 30 gram range, do you have any other coins in the same weight class that you could measure? (How far off is the weight on a pair of uncirculated halfs? a couple of uncirculated quarters? etc.)
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Valued Member
United States
344 Posts |
For a generic round silver, Golden State Mint is reputable. I have a one ounce round from them modeled after the St Gauden Double Eagle.
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Valued Member
United States
292 Posts |
You said "my LCS" Not one of these "we buy gold" guys? Would a LCS really be selling fakes? Not a good reputation for any LCS to get. Take it back and ask them to weigh it to compare with your scale.
All the previous info is excellent.
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Bedrock of the Community
13014 Posts |
Quote:
Would a LCS really be selling fakes? Yes LCS will have fakes depending on the place. Some will be because the dealer got fooled others will be an owner knowing exactly what theyre doing. Theres great LCS out there, but just being one doesn't make the people running it honest or more knowledgeable than anyone else just means they had the money to start a coin store. |
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Valued Member
United States
200 Posts |
I would not worry too much about a generic being a little overweight. At least not until I am buying in bulk.
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Pillar of the Community
United States
3789 Posts |
Yea I agree with Baseballs comment- someone had the cash to run a store and that's all that's to it. I have run into many many dishonest coin shops, and there's plenty of them online, and there's plenty of them at flea market shows, and look at ebay. Its sad,,, but I think greed is the driving force here, as is the case in many things.. but there's something about coins, I dunno if its that the dealers feel they can play on the human weakness of greed itself, or the self paranoia some have that they walk right into the hands of these dishonest coin shops....thinking that they are their buddy and have their best interest in hand. I think thats why having a forum like this, and especially now with the Internet and social media, using this to educate ourselves we can all avoid being burned. |
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Valued Member
United States
360 Posts |
I would have gone to one that has been in business longer then a month or two, but it is farther away from where I live. yup7676 has a great point also.
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Bedrock of the Community
13014 Posts |
Quote:I have run into many many dishonest coin shops, and there's plenty of them online, and there's plenty of them at flea market shows, and look at ebay. Exactly, no matter how you buy there will be dishonest people which can really be said for any market. Coins seem to be a particular target since its easy to get them and find people to try and take advantage of with their popularity. |
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Replies: 21 / Views: 4,694 |
Posted 01/02/2013 2:33 pm
