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Replies: 27 / Views: 9,462 |
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Valued Member
United States
265 Posts |
I am looking to buy my first gold Indians, I am thinking I can get the most for my money if I don't go with slabbed, but of course fakes worry me. What are the earmarks of counterfit gold indians? What should are fakes?I look for to keep from getting shafted, and how common
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Moderator
 United States
54282 Posts |
There's an article on PCGS with this quote "The single most counterfeited series of U.S. gold coins is the Indian Head Quarter Eagle. This series accounts for approximately 40% of all counterfeit gold coins received by PCGS. The only other series of counterfeits that could compare in quantity to the $2½ "Indians" would be $1 gold coins (if all three types are added together), followed closely by $3 gold pieces and $5 "Indians." Combined together, these four series account for 90% of all the counterfeit gold coins received for authentication."
It also gives some pointers on spotting genuine and counterfeit examples.
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Valued Member
 United States
265 Posts |
I appreciate the reply nss. I'll check the article out. I wonder if anyone has a fake, they could post, although I doubt it would be something someone would want to advertise they had in possession.
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Pillar of the Community
United States
3210 Posts |
I have seen fake gold coins and agree they usually are lower denomination pieces like $5, $2 1/2, and $1. I have yet to see a fake $10 or $20 piece since most are just bullion coins...The real rarer dates seem to be the lower denomination coins...Unless we are talking about a 1933 Double Eagle.
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Valued Member
 United States
265 Posts |
Are the fakes usually gold or plated or....
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Valued Member
 United States
265 Posts |
Im gonna check this article out maybe it will clear somethings up and prevent silly or obvious questions from me.
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Pillar of the Community
Canada
3049 Posts |
A link to said article would be great for all others to go there quickly
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Valued Member
146 Posts |
Bite the bullet and purchase a coin already slabbed by one of the 4 TPGS. Coin will be easer to sell when the time comes. Every denomination of gold is extensively counterfeited. Reason lower denominations are mostly seen is less gold is required to make a fake with a high numismatic premium so more profit for the counterfeiter.
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Valued Member
 United States
265 Posts |
Makes sense Dipper, thanks for advice. Does anybody have a "secret spot" with a good selection of quarter and half nativeamericans? Ms61
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Pillar of the Community
 United States
5029 Posts |
Well now to tell you a secret no longer makes it secret. :) I use David Lawrence to view and get some data for coins. You could try there.
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Valued Member
 United States
265 Posts |
Your are correct about the secret telling, thanks for tip tho, Scopru.
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Valued Member
United States
406 Posts |
@Brushy Bandit if you have to post on a public forum to ask these kinds of basic questions you don't have any business buying uncertified raw gold, not trying to sound harsh here but the most deceptive fakes can sometimes fool even the experts. The worst fakes are the ones that look real. It's not just about saving money, it's about protecting your funds spent. Please buy certified and you will have a better experience in the long run. Good luck. Best Regards,  George
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Moderator
 United States
54282 Posts |
Be careful, even the slabs are being faked now.
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Pillar of the Community
United States
4409 Posts |
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Rest in Peace
United States
17900 Posts |
I would also advise TPG, but only PCGS or NGC.
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Valued Member
United States
406 Posts |
Yes, I couldn't agree more. I guess I didn't say that because there are no other third party grading services whose slabs I regularly trade. Nothing wrong with ANACS but a lot of their coins have been crossed into other holders. One thing I have learned in decades of dealing coins is, there is a reason why those coins are in those holders. Or raw.
Best Regards,
George
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Replies: 27 / Views: 9,462 |