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 Replies: 28 / Views: 3,876 |
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Valued Member
United States
473 Posts |
I bid on a Silver Eagle in a display. What can I say; I like coin displays. I didn't expect to win, but I was the only bidder. I won it at a good price. After doing some checking, I have a 1996 which is a key date. So, I have to say that was a good purchase.  *** Moved by Staff to a more appropriate forum. *** |
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Moderator
 United States
56855 Posts |
Not a bad buy. Can the holder be opened easily without damaging it? If so,I would check the coin to make sure it is genuine by weighing it and maybe a tissue test...just sayin' If you want to share what it cost you,please do. John1  |
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Bedrock of the Community
Australia
21786 Posts |
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Pillar of the Community
 United States
6514 Posts |
Congratulations on a great win.
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Valued Member
United States
60 Posts |
Beautiful coin and display!  Congrats. 
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Valued Member
 United States
473 Posts |
Hey John good advise. The first thing I did was open it and check the coin. I did the magnet test and tissue test and it passed.  Edited by carlp007
06/29/2019 11:31 am
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Moderator
United States
56855 Posts |
Glad to hear it  John1 |
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Moderator
United States
187702 Posts |
Very nice! |
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Valued Member
United States
473 Posts |
I am bumbed out. I did some additional testing on the coin. The coin passed the magnet test, the tissue test, and it weighs 31g. However, when I did the ping test, it clearly did not pass. Should I consider this a fake? |
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Pillar of the Community
United States
4901 Posts |
Hmmm...I think you are over analyzing this ASE. I never heard of the "ping" test and, after research, found out that it is not a reliable tool for determining an authentic silver coin. With that said greatamericancoinco has a crap load of these (same holder) for sale at a significantly inflated price ($80+). I would accept it as genuine and in the future save yourself any worry and effort and get a TPG authenticated coin. You will sleep better and save time for around 60 bucks (1996 NGC 69) I am not a fan of graded bullion at all but also not that focused on performing every possible test on every coin I buy. If I was I would by a slabbed coin and move on... I would not be exaggerating to say I probably have over a couple thousand ASE's both raw in rolls (bullion), graded and in OGP Edited by Foxwoods Man
06/30/2019 3:58 pm
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Pillar of the Community
United States
1005 Posts |
The ring test is a reliable indicator of coin composition but is generally considered unreliable because people do not know how to do it correctly. I agree that you should not worry about your coins authenticity, especially if it passed magnet (conductivity), weight, and tissue test. |
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Pillar of the Community
United States
3486 Posts |
Another opinion... Counterfeit coins.. These fall into two groups: Those made to fool merchants and those made to fool collectors. While a good deal of suspicion if not all in out paranoia is rampant let us calmly look at the possibilities For an American Silver Eagle.... Are they counterfeited for commerce? No, they do not circulate. Are they counterfeited for collectors? Not likely. They are common and inexpensive - not likely candidates for counterfeiting. Let us continue to teach new collectors about the easy methods of testing.. But let's not feed into this paranoia. There are plenty of coins to be suspicious of.... The 1909-S VDB cent come to mind. But the ASE? REALLY? Edited by matthewvincent
06/30/2019 4:27 pm
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Pillar of the Community
United States
4901 Posts |
matthewvincent: Very well stated... ...but, to be fair, there are a bunch of ASE fakes out there (I have some)...fake not because of the coin but because of the silver Comes down to buying from seasoned dealers/sellers and not from those shipping from "China" Edited by Foxwoods Man
06/30/2019 4:37 pm
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Pillar of the Community
United States
4691 Posts |
Well, Henning made fake nickels so go figure.
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Valued Member
United States
473 Posts |
I am the first to state that I don't know enough about coins yet. That is my reason for joining the forum. The ping test maybe unreliable but, this coin did not even ping; it just made a dull thud. So, to be on the safe side I am sending it back at my cost.
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Pillar of the Community
Canada
3733 Posts |
Quote:
Are they counterfeited for collectors? Not likely. They are common and inexpensive - not likely candidates for counterfeiting. you are kidding right? Quote:But the ASE? REALLY? there are hundreds of thousands of them for sale , at any given time. |
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Replies: 28 / Views: 3,876 |
Posted 06/29/2019 04:50 am
