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Bogus Magnet Test For Silver! Warning!

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United States
99 Posts
 Posted 09/26/2014  3:43 pm Show Profile   Bookmark this topic Add David 1974 to your friends list Get a Link to this Message Number of Subscribers
Supposedly a test with a rare earth magnet will give you some comfort if your coin or bar is silver....well I tested it and copper has the same magnetic effect as silver. You might have silver plated copper. Weighing it is the best way to tell.
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United States
20753 Posts
 Posted 09/26/2014  4:21 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Best way to tell what? So many fakes are made with the same amount of Silver as the originals. They are done that way because they are not to be sold as face value but as an expensive coin. So putting a few dollars worth of silver in a coin and selling it for hundreds is what the counterfeiters are doing.
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 09/26/2014  4:34 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
Each test is designed to give you some sort of data given the results... you are 100% correct that a magnet test alone will not determine if something is legitamate...

But if you hold 1 oz of copper and 1 oz of silver you CAN tell the difference in size... so if there's a silver plated copper round claiming to be 1oz.. it will either be off in size or weight...

This is why a specific gravity test SHOULD be done with most PM purchases to determine metal content...

Now when you're talking about a higher level of sophisticated fakes where they're using the same metal content as the orginal.. only an experienced eye can help there...
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/26/2014  4:38 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Experience, and an XRF Analyzer.
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 09/26/2014  4:47 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
XRF analyser!! Ohh I only wish I was buying and selling enough to get my hands on one of those...

Okay you're correct SuperDave... but only if you have 4K to buy the XRF!
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bobby131313's Avatar
United States
24164 Posts
 Posted 09/26/2014  6:42 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Bogus-Magnet-Test-For-Silver!-Warning!
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Fusion555's Avatar
United States
269 Posts
 Posted 09/26/2014  10:02 pm  Show Profile   Bookmark this reply Add Fusion555 to your friends list Get a Link to this Reply
Dont forget we now have the Precious Metal Verifier, much less than the XRF

http://www.sigmametalytics.com/

Right around $700 depending on which wands you buy
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Conder101's Avatar
United States
17884 Posts
 Posted 09/26/2014  10:58 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Supposedly a test with a rare earth magnet will give you some comfort if your coin or bar is silver....well I tested it and copper has the same magnetic effect as silver.

How did you test it? It makes a difference. If you just tried touching the magnet to the pice to see if it is magnetic you WILL get the same result from silver and copper.
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tokenmast's Avatar
United States
648 Posts
 Posted 09/27/2014  11:35 am  Show Profile   Bookmark this reply Add tokenmast to your friends list Get a Link to this Reply
rare earth magnet (powerful) test, can if set up properly and compared to known genuine coin, only tell for sure that suspect item is fake not that it is genuine. Pure Copper and pure Silver are both very good conductors! Both will not stick to a regular magnet or even a Neo array. Both also read similar using an induction test. Which is commonly,
how slow a fall/slide of magnet down the surface is. Or in the case of using a TFD unit how many swings of a pendulum the braking effect allows.

Specific gravity can tell you which is which. SG has a problem with telling apart nickel and copper. Can not see the color. We can!

Fusion555 Nice! I had not seen that before.

bobby131313 Was that just a little heavy on the Cu ? ;)

SsuperDdave Experience,the best!

AgCoinAu could not have said it better.

just carl As usual you have put your finger on the core of the problem!
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