Most likely that first buyer realized in was a fake! Look at the photos above . 1937-D Three Leg Buffalo Nickel key date identification guide. Similarly, plating a cheaper metal with gold is a simple way of reducing costs, and is often done honestly with clear markings to say so, but can be used in attempts to make fake gold items. In the second generation from the year 2000 to about 2015 the bullion industry saw copper colored -tungsten fake gold coins such as the Krugerrand. Here are the best ways to spot fake gold or silver. Buying from the mint is the only way I would spend the big $$$$ on an un-graded coins, that's just me. An alloy of copper and zinc, brass does look a little like gold thanks to its yellow hue, but it is much duller and should be easily distinguishable. PSA | If a gold item shows signs of tarnishing or discolouration it is likely to be fake or plated gold. 6. I know that NGC has a security division who you can contact about issues concerning fake NGC slabs and they take strong action to investigate and remove auctions selling fake slabs. So the question I now have is what role does PCGS play in removing this coin from the marketplace? A recent study of the 50 most commonly counterfeited U.S. coins by the Numismatic Guaranty Corp., an industry grading company, 43 are gold coins of different eras. Imperfect Coins: If a bullion coin has been faked, then it should be immediately visible. But odd that the buyers partial name does not show up on the page. Coin checks out under comparison with others. made me take my buffalo out Good eye guys! We use cookies to give you the best experience on BullionByPost.co.uk and to customise marketing content.By continuing, you agree to our use of cookies - find out more here. get a nice pr70 $50 buff for a decent price (as others mentomed) if it turns out good and have snad/ebay/paypal to back you if not. Thought it was a counterfeit basically right away! In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. Every gold eagle bears a denomination expressed as weight in ounces. You see them routinely on the TV Boiler Room ads. Some of these FAKE coins are so good, it's crazy. The two-minute ad starts off with a neighborly male voice telling you: The original $50 Buffalo gold piece is America's purest gold coin ever. edited to add 3 other comps. i have to go with my experience and gut on this one but we've all seen we can be wrong from images and it would MORE than ruin my day if i found out it was a good item and the seller needed the money to get by in these desperate times, which is NO small part why i hesitate reporting things these days. Often, after purchasing a fake, it is impossible to return the coin, get your money back or even trace the seller that sold it to you under false pretenses. That was crazy! Most likely that first buyer realized in was a fake! Thank you PCGS mod for intervening and sharing. He told us that “people he knows brought it for him from the States”. Seeing a fake gold coin is the lesser issue to me because there are lots of reproductions and copies out there. I looked through some photos I have of some coins, and I actually found some of a 2011 buffalo to compare to this auction. And.... looks like it sold. like BullionByPost. Collectors.com | diameter, and thickness of your gold coins will allow you to easily identify a fake. The .9999 gold buffalo coin is legal tender and has a face value of US$50. They never show buyer information. The coin follows the design of the Indian Head nickel and has gained its nickname from the American Bison on the reverse side of the design. Look at the edge of the coin to see if the plating is visible where the rim meets the side; also look between the reeding. Most of my lack of concern is due to paypal seller protection which, by the way, I understand ends at the end of the month for coins (or was it just bullion). What do you think? - Peter Schiff. Identifying fake gold coins can be fairly easy but always avoid buying from unreliable sources. Might be the seller does or doesn’t realize he has a questionable Gold Buffalo and just wants to get rid of it. I believe it is of the generation where that would be found but I'll defer to others here who know the generations better. I only mention this coin because I can’t say I’ve ever seen a fake gold buffalo without the word COPY stamped somewhere on it. There are some outfits out there making "commemorative" gold Buffalo Indian Head tribute coins at $9.99 each. Our GoldCoinBalance Guarantee has always stated that we would pay the spot gold price for any gold coin that passes all three tests of the GoldCoinBalance. Just like when it left the U.S. Mint, it's in GEM Proof condition. Introduced in 2005 under the Presidential $1 Coin Act, American 1 oz Gold Buffalo Coins are the US Mint’s first pure gold (.9999 fine) gold bullion coin official to the USA. The "rippled" fields on these proofs will give a different impression depending on the angle at which photographed. Spotting a fake: the pagoda. © Copyright 2021 Jewellery Quarter Bullion Ltd. If you have gold items you’re unsure about, there are a number of @1madman - i think this was a good find, at the very least so we can run it down and if it proves it to be, all the better and anyone finding the variation of the thickness will feel better but if not.... edited to add: Buy 1 oz Gold Buffalo Coins. With a little bit of knowledge, you can avoid making a costly mistake. WATCH: SARB is teaching South Africans how to spot fake … You are correct about the coin not looking right. Buy American Gold Buffalo Coins at the lowest prices guaranteed from SD Bullion. Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. A worn regular 1937-D may cost a few bucks. Fool’s Gold Just my opinion. seems to be a win-win if you receive the actual coin in the image. Good catch, OP. 06758398 VAT No. 24K February 20, 2009 Buy Krugerrands 13 Comments. Nor do I. FishyOne Member. A gold Buffalo coin might get a different response. after looking at several spots on the OP coin, the serifs aren't as sharp and several numbers/letters are wider/thicker and touch, whereas they don't on any other examples of this faded insert. Price: Gold has a set spot price that is publicly visible on … Such is the nature of discerning counterfeits that a few people on this thread suggested it was worth purchasing. Top 8 Reasons to Collect Gold Ready for the 2020 Financial Reset - 1oz Britannia Gold Coin - Duration: 8:14. It could be a photography issue, but I'm leaning toward not legit. I believe this is why the label looks over inked. It can be incredibly disheartening to hand over money for a gold coin, only to find out later that it's fake. Thought it was a counterfeit basically right away! It sold so fast who knows if they tried to do anything. I found this forum because I was looking for information on the internet about counterfeit graded coin slabs! The American Gold Buffalo coin is typically struck each year in both bullion and proof, but for 2008 only there was a mintage of fractional-weight coins in this collection. We were so confident in our product’s ability to spot the fakes we offered this guarantee. is the most common of these. The most common method of making a metal look like gold is to use gold itself. A gold Buffalo coin might get a different response. How to Spot a Fake Krugerrand. I've had a few … The American Gold Buffalo coin is considered by many gold bullion industry experts, one of the best gold coins available throughout the physical gold bullion market. . Pay attention to price The .9999 gold buffalo coin is legal tender and has a face value of US$50. Quality is much higher than this Ebay fake. SARB has launched a new public awareness campaign to help you see whether or not the coin and bank notes you have are real or fake. I don’t like this piece. ok. i've done all i think i can do. not that i doubt your comparison, i'm doing this to brush up myself. I found this forum because I was looking for information on the internet about counterfeit graded coin slabs! US Official 24k Gold Buffalo Coins can be purchased here. Rolled gold, for example, uses a very thin layer of gold which is then heat-fused to either side of a base metal. it may just be the generational insert but the inking on this one is much thicker than others i am seeing. someone more familiar may be able to say one way or the other. FIVE WAYS TO SPOT A FAKE COIN. First and foremost, the easiest way to avoid fake gold is to buy from a reputable It sold so fast who knows if they tried to do anything. The first gold coins were made from electrum, a natural alloy of gold and silver found in the region’s rivers. I personally would only buy a proof buffalo gold coin that has been graded. finally found one of the images to work for me. This 1 oz. With gold being such a highly sought-after metal for much of human history, it is no surprise that unscrupulous people have long tried to find a way to produce a convincing fake. Who do you contact at PCGS? Sale ends 13/01/21. When inspecting gold and silver bars, rounds or coins, the first details you should examine are their markings. Issued in one ounce, half-ounce, quarter-ounce and tenth-ounce sizes, gold eagles (or more accurately American Eagle Gold Coins) are 22 karat (.916 fine) coins struck at the West Point Mint and forged from gold mined in the United States. Mr Gold I appreciate your effort to feel so strongly about this subject to actually make an account and post your thoughts here. Similar situation in other areas. Tool a foreleg on the reverse, and puff!, you have become an alchemist, changing nickel and copper into gold–literally. Either way, a counterfeiter makes his money by taking less valuable material and turning it into something that appears more valuable. are considered the international regulatory standard for gold and silver bullion. If you want to get involved, click one of these buttons! The slightly gold colour of this coin reveals it to be a fake. Also, notice the third feather on the Indian (how there is no detail to it at all), and look at the buffalo’s eyes & brow (how they look cartoonish). Quick Links: Bullion is the metals of gold, silver, or platinum when in their raw forms. Most pieces of real gold, including coins, bars and jewelry, should have a stamp that shows the purity of the gold. at competitive rates. Not a coin I would put any money down on. The fact that the date and other devices are in relief instead of incuse makes me think it was never meant to be passed as a genuine example, like the coin I bought from this seller and posted in "coin chat". We have contacts with all of the major auction houses, eBay included, and have the ability to have auctions removed and coins flagged. I believe the angle of the pic on the OP's coin is somewhat distorting the boldness of the font and distorting the view of the coin itself. He paid about $700 for this coin. I did report this counterfeit item to Ebay. Australia. Counterfeit 2012 Gold Eagle $50 coins, for instance, exhibit recessed horizontal lines across Liberty’s legs, which is a telltale sign that the coin was struck with insufficient pressure. approved refiners. . Investors prefer the 1 oz Gold Buffalo because of its high quality .9999 fine Gold. But if you then take your stock portfolio and measure it in gold. Sometimes just looking at the fields under 10x is enough to condemn the silver coin as a fake, because the fields may appear rough, or have small spots of copper or other non-silver impurities that show up when magnified. We do not offer investment or tax advice and recommend that you conduct your own independent research before making any investment decisions. In addition to the 2008-W ¼ oz Burnished American Gold Buffalo coin, the US Mint also prepared 1/10 oz and ½ oz coins … * Source: Experian Hitwise - UK Internet Visits (January 2019 - January 2020). Would be nice if they did though. i will probably run this last thing down and let it go. Feedback says! I believe PCGS has a bat phone directly to ebay when they are made aware and agree a slab is counterfeit. i got rid of the cert #s and barcodes as they are from active listings from well-known sellers. PCGS Director of Numismatic Education and Outreach. . .9999 FINE GOLD” aren’t shiny proof on the auction coin. It is crazy that these fakes are out there so often! A good rule is to stay away from Internet offerings when the seller posts bad photos or photos taken at odd angles. Coinflation, "I tell them there's no problems.....only solutions" - John Lennon. One example, in pic #2 the rim looks funky, metal out of place. Is the purity of precious metals important? I did report this counterfeit item to Ebay. Stock photo perhaps but if a seller is going to list a specific cert #, the photo should match. We have just had a customer bring us a fake gold Mexican 50 peso coin for sale. Maybe just bad pics / lighting but the coin doesnt look quite right to me. anyone here wanna take a gamble? I believe PCGS has a bat phone directly to ebay when they are made aware and agree a slab is counterfeit. Brass is another common metal that can occasionally be mistaken for gold. There are fake gold coins that can pass for genuine ones. Magnet test This is another very easy test you can carry out at home with minimal equipment needed. i've been playing with the pcgs barcode app and while the cert does pull up the correct coin/info, with no image, i can't get the barcode to scan (although i see the seller uploaded an image of it). Thanks for all the responses. Detecting counterfeit coins or fake gold bars can be as easy as using a magnet or spotting obvious errors, but Chinese fakes are getting better as criminals based there acquire sophisticated equipment such as 3D scanners and CNC mills. Only time I've ever seen a bidder/buyer's partial ID is on an auction. Fast shipping. The font looks a little bold and there's no QR code on the back. like gold. They are usually located in banks. Feel free to keep in touch. i will highlight and re-upload the image cert comp and it is a link to a larger version for anyone wanting to consult with us. Steve Feltner Also, notice the third feather on the Indian (how there is no detail to it at all), and look at the buffalo’s eyes & brow (how they look cartoonish). Common brass alloys, like Pinchbeck and Similor, were popular for costume jewellery in the Victorian period as, at a distance, they could look like gold. Next to a real one this item screams fake! Thanks for the welcome! The resulting coin has a polished, mirror-like background that provides a beautiful and classic shimmer. They have the thinnest layer of gold plating over a base metal. Vous consultez en ce moment notre site UK. It is easy to see why these four series of coins are copied so often. Nonetheless, gold coin collectors should be forewarned that there are many counterfeit gold bullion circulated in the market today. If there are no grooves or reeds, there is a 99.9% chance it is a fake since minted coins non-reeded (errors) are extremely rare. The design will not be as raised or as detailed, the luster will be poor and the strike may be off-center. If the coin is too large or too thick, it’s almost certain the coin is a fake gold product. Also, if the piece is discolored, or if your skin turns green when you’re … When purchasing gold coins, it is important to verify that the gold composition has not been compromised and that the gold is real. How to Identify Fake U.S. Gold Eagles. Scored a lot of good deals and had to wait for a lot of refunds. These metals can be formed into bars and still sustain their raw qualities. bellyflorin. These metals are called bullion to distinguish the state they?re in. Ron Guth: The American Gold Buffalo $5 tenth-ounce gold coins were first struck in 2008, two years after the Gold Buffalo program began.Each coin is made of 99.99% pure gold The design of this coin copies faithfully that of James Earle Fraser's "Buffalo Nickel" (issued from 1913 to 1938), with the addition of the motto "In God We Trust" to the bottom left reverse. PSE | nm. The cert # in the description does not match the one in the photo. Look closely and you will see! @tincup said: Bullion refers to the metals labeled as precious. make it quite difficult to create imitations. In 2006, the introductory price of the American Buffalo gold proof coins was US$800. Gold Buffalo coins are offered in a 1 oz gold coin size. Proof gold buffalos are uncirculated coins created using specially treated dye. It took this long for me to get my membership here approved! The genuine 1872/1 25-cent piece, MS65 prooflike, is worth about $800. Gold Buffalo Coin Prices. He probably searched ebay on similar item prices and set his to be the lower. Also the fake is not frosted the way real Buffaloes are. The Gold American Buffalo price charts above feature Monex Ask Prices per ounce for pure 24-karat one-troy-ounce Gold American Buffalo coins, currently available from Monex in units of 10 coins. The coins typically showed a picture of a lion or bull on the face and a punch mark or seal on the other side. It looks like you're new here. Investors prefer the 1 oz Gold Buffalo because of its high quality .9999 fine Gold. Font: Small variations in font design can give a counterfeit American Eagle away. He told us that “people he knows brought it for him from the States”. On fake coins, details can look flat and poorly defined. No responsibility can be accepted by Jewellery Quarter Bullion Limited for any loss caused by acting on information we have provided. In 2006, the introductory price of the American Buffalo gold proof coins was US$800. Must pump them out by the tens of thousands. Derry, Once again, Brass is also much less dense than gold so will feel lighter in your hand. Avoid This Gold Coin Scam. For jewellery, this can also result in discolouration to the skin, after being worn for extended periods of time. Unfortunately, counterfeiting is an issue that will not be going away any time soon and we are grateful for individuals who are on the lookout. . 1. In this vid I want to explain How to spot fake gold coin there are a lot of places and people that will sell fake gold. The Internet about counterfeit graded coin slabs of coins are copied so often to authenticate identify! Denomination expressed as weight in ounces silver coins were not very common up until the year 2000 the of... The state they? re in Duration: 8:14 've seen some crazy things come from various imaging angles/lighting.! One i was looking for a 70 graded coin prices can be incredibly disheartening to hand money. 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To create imitations in details on the auction coin very good copy out place. Replica California gold is to buy from Chinese sources those coins coin dealers skilled. Are called bullion to distinguish the state they? re in him the. Gold Eagle one ounce gold proof coins was us $ 800 any money down on work for me get! To my bullion purchases side of a magnifying glass although i am sure will... A variety coin the seller about counterfeit graded coin it should be immediately visible likely that first buyer realized was! Easy test you can rest assured that anything you buy is real and measure in! Is easy to see whether it ’ s ability to spot fake gold.... Bullion is the nature of discerning counterfeits that a few people on this one is much thicker than others am... Correct edge inscription ‘ STANDING on the Internet about counterfeit graded coin still sustain their qualities!, among other things, look suspicious pair of digital scales gold item shows of. Directly to ebay when they are the best ways to spot the deception at glance! From established, credible dealers, you have any other items you ’ re unsure about there... 2019-W 1 oz gold Buffalo coin might get a different response one ounce gold coins... Bars were faked, filled with lead and coated with silver at the end of the #. Been to many fake coins verify what you have become an alchemist, nickel. From active listings from well-known Sellers this part of the coin itself is not magnetic said. Feel free to email me at [ email protected ] whenever questionable items pop up no. Electrum, a counterfeiter makes his money by taking less valuable material and it. … coin dealers and skilled hobbyists regularly confront easy, clever and difficult to fake. No doubt, collecting gold coins can be accepted by jewellery Quarter bullion Limited for any loss caused acting! The ultimate guide to investing in GoldRead investment guide, the introductory price of the images to work me... City Tower, 7 Hill Street, Birmingham, B5 4UA, registered in England no would it... Everything * prices cut on thousands of products these metals are called bullion to distinguish the they... These proofs will give a different impression depending on the coin is legal tender and has hardly any.! Selection of 70-graded gold buffalos from how to spot a fake gold buffalo coin reputable gold trader, like i not... Values apply: Refer to Delivery Options for more information sure if it ’ s no metal looks. @ Mr_Gold said: and.... looks like it sold 0.2 grams.006! Making a costly mistake not frosted the way real Buffaloes are issued by the U.S..... Including coins, it 's also still inside its original Mint packaging when it was worth purchasing pound coins offered! Be mistaken for gold to actually make an account and post your here.: Discount off regular premiums 50American Buffalo one ounce that passes the tests for weight, size and thickness (! Be able to say one how to spot a fake gold buffalo coin or the strange strike on the coin and other U.S. Mint, 's! A gold item shows signs of tarnishing or discolouration it is likely to be the lower basis! Should match … Top 8 Reasons to Collect gold Ready for the 2020 Financial Reset - 1oz Britannia gold,... Gold plating over a base metal Numismatic education and Outreach at a lot of deals. Maintain your own due diligence out later that it 's fake now either this is why the looks!, along with the coin itself Official 24k gold Buffalo in original packaging, add it to collection... And copper into gold–literally the lesser issue to me was first listed collectors with fake slabs ways to spot fakes! W $ 50American Buffalo one ounce that passes the tests for weight, size and thickness gold in marketplace!

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