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1972 Bahamas Proof Silver Coin Weights

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Valued Member
Ariette's Avatar
United States
295 Posts
 Posted 06/19/2020  5:36 pm Show Profile   Bookmark this topic Add Ariette to your friends list Get a Link to this Message Number of Subscribers
I just picked up this set of silver proof coins from the Bahamas and all of them are a bit on the underweight side. The coins are as follows:

50 cents (should be 10.37 g):


1972-Bahamas-Proof-Silver-Coin-Weights



1 dollar (should be 18.14 g):


1972-Bahamas-Proof-Silver-Coin-Weights


2 dollars (should be 29.8 g):


1972-Bahamas-Proof-Silver-Coin-Weights


5 dollars (should be 42.12 g):


1972-Bahamas-Proof-Silver-Coin-Weights


Here is a picture of the obverse of all the coins:


1972-Bahamas-Proof-Silver-Coin-Weights


What are your thoughts? Poor quality control by the Bahamas mint, or could the coins be bad?
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Seeker55's Avatar
United States
635 Posts
 Posted 06/19/2020  5:59 pm  Show Profile   Check Seeker55's eBay Listings Bookmark this reply Add Seeker55 to your friends list Get a Link to this Reply
First I would check the accuracy of my scale. You can check that it tare weights to zero with nothing on it. Then you could put some known weights on it. There might be a calibration adjustment.
Valued Member
Ariette's Avatar
United States
295 Posts
 Posted 06/19/2020  6:10 pm  Show Profile   Bookmark this reply Add Ariette to your friends list Get a Link to this Reply
The calibration of the scale is not in question. It has weighed all my other coins correctly. Here is the scale showing the weight of an American Silver Eagle, for example.


1972-Bahamas-Proof-Silver-Coin-Weights


For what it's worth, my guess is that I just happened to receive a batch of underweight coins for whatever reason. Usually counterfeit bullion is really easy to spot. For instance, if you look up pictures of fake ASE's, they inevitably get some details obviously wrong. I'm not sure why anyone would take the time and effort to produce counterfeits of obscure bullion coins and match all the details perfectly, when they can't even do a halfway passable job on one of the world's most recognized bullion coins. But it's always good to be vigilant with stuff like this, which is why I weigh all my silver coins.
Valued Member
Ariette's Avatar
United States
295 Posts
 Posted 06/19/2020  11:13 pm  Show Profile   Bookmark this reply Add Ariette to your friends list Get a Link to this Reply
Update: I ran a specific gravity test on the coins and the results all check out. The coins had a density as follows:

50 cents: 9.92
$1: 10.03
$2: 10.24
$5: 10.295

The 50 cents and $1 coins should be 80% silver, which, assuming the balance is copper, would have a density of 10.18. The $2 and $5 are 92.5%, which has a density of 10.38. These results are well within the margin of error given my rather crude set up. If they were silver-plated copper or some other base metal commonly used to counterfeit bullion, the density would be around 9 or less.

Why the coins were that much underweight is still a mystery to me. But at least now I am confident that are in fact silver.
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Princetane's Avatar
4628 Posts
 Posted 06/24/2020  9:42 pm  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
They are Franklin mint productions. Not so sure about their coins, but in the 1980s they made a lot of chintzy collectables like plates, vases, metal gee gaws and like the junque made by Bradford Exchange now. Many were not as described and lower quality than expected. By 1992 they were forced out of the NZ market due to a sea of complaints.

My guess, is they are 100% real, but the Franklin mint scrimped on costs and probably deliberately made the coins 5% smaller to save on silver bullion costs.

Back in the 1970s they issued a lot of these sets for newly independent and 3rd world countries, who had no policing of them - like wallpaper stamps, they got some money and a few sets for the right and the rest was sold marked up as heck to collectors with FM keeping the profits. Most of these countries, they did not make standard coins, just these collector sets. Also back in the 1960s and 1970s, most people did not have digital scales weighing that accurately more like the bowl type ones, so only now people are picking up this scam.

Back in the 1970s - especially before the silver bubble of 1979 - 1980, silver was relatively cheap and minting silver proof sets was not that expensive and FM made these classy looking coins with polished surfaces and people ran out and bought them, thinking they were valuable when in fact your set is quite good as it has more silver than most. Take my PNG set it has one sterling silver coin, one 50% silver and the others are all base metal.

Your Bahamas set may have used around $15 of silver in 1970s prices, but cost the original buyer probably $40 or more. The cases are usually toned and stained like the fabric and the rest is just some silly certificates of authenticity on cheap good paper and the like. FM made a killing from this stuff and now most of it sells near or below melt.

Sorry to depress you, but your coins are legit and proof that FM was scamming buyers and the countries that issued these sets.
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Princetane's Avatar
4628 Posts
 Posted 06/24/2020  10:09 pm  Show Profile   Bookmark this reply Add Princetane to your friends list Get a Link to this Reply
On a more prosaic manner, are you not using gloves to handle these, I see fingerprint smudges on their obverses!
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