Finn235 In a collection I purchased about 1970 came a group of between 20 and 30 varieties of the "gold" fanam. I was curious enough about counterfeits to check these very closely. Most were counterfeit - but only some of the counterfeits were actually solid gold. There were even back in 1970 gold plated silver forgeries of these tiny coins.
Personally I avoid them like I avoid the Maximillian Gold Pesos of 1865. Too many silver copies to justify the prices demanded for gold.