If you are buying silver coins or bars on ebay or craigslist, there is a higher probability that you will encounter a fake… This photo shows some of the fake ingots and bars, which are made of very debased metals. She is a member of the American Numismatic Association. This Chinese counterfeiting ring doesn't confine its production to coins. The images that were sent makes the coins appear to be cast copies of American Silver Eagle coins. Had I not, I would've been months, waiting on the return, plus postage, to return this fake coin … I ordered two coins to confirm my suspicion. The machinery looks pretty old and maybe not very well maintained. It's kind of amusing to see notations such as "AU 55 Details - Cleaned," as if the coin is genuine About Uncirculated 55-graded coin that has been damaged by cleaning rather than the outright fake that it is. This wide-angle shot is deceiving at first. LIACOO appears to be selling knock-off products made in China and representing them as genuine for less than market value. The top countries of supplier is China, from which the percentage of replica coins … VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ring, Suspected of Pumping Out THOUSANDS OF FAKE SILVER COINS. A wide variety of replica coins options are available to you, There are 673 replica coins suppliers, mainly located in Asia. Silver – Peace Dollar Another Fake Silver 1921 Morgan Dollar (Made In China) On Ebay. Silver Dollars seem to be a favorite for the counterfeiters. This photo shows a different coin press than the one in the previous photo. Although these items might look like they were dug up from thousand-year-old graves, they were just made last week. Every week, someone calls our offices with an accumulation of Chinese counterfeit coins. A wide variety of replica coins for sale options are available to you, There are 121 suppliers who sells replica coins for sale on Alibaba.com, mainly located in Asia. This is one of the showrooms for the counterfeiting ring. A coin that has about the right weight (for example using tungsten to fake gold) would have a totally different resistivity than gold. When it only costs you two to four cents per coin to make them, even selling them for a "paltry" $15 or $20 each is an excellent profit. This photo shows coins that have been put in slabs or coin holders that have a grade on them. Aug 5, 2016 - Explore James Chan's board "Fake chinese coin factory" on Pinterest. It is almost impossible to duplicate another coin’s resistivity, weight, and size. Coins Found in Pocket Change. While for the past several years the counterfeiters have focused on pumping out circulated silver Morgan dollars, they are reportedly now expanding into the Graded Coin Market, placing fake silver coins into graded NGC and PCGS slabs. Fakes like these can be very convincing to non-expert Chinese coin collectors. Most of the dies shown here are of various American silver dollars, although there are a few Indian Head cent dies and some foreign coin types. This is ironic because ​genuine Chinese antiquities are very common in China. Silver – 99.9% Pure This is a storage area or another showroom type of place. The goal of counterfeiters is to create a high volume of fakes and make money on … We now have VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ringthe Fake Silver Coins Are Coming From: The Chinese Counterfeiting Ring Exposed in the Photos Below is Not A One … There's a possibility that there are fake 1856 Flying Eagle cents. Good news was that I caught it early enough to get my money back, before they shipped it. The die on the right is the reverse of a British silver crown dated 1899. This container is full of Chinese-made fake Indian Head cents and fake U.S. large cents. The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. FIVE WAYS TO SPOT A FAKE COIN. Graveyards have been found that contain literally millions upon millions of ancient Chinese coins and artifacts. There are also many dealers that buy wholesale fake coins and bars from China, passing these off as legitimate and profiting from the large margins. To strike coins, you need coin dies, and the Chinese counterfeiters are making some fairly high-quality ones. Side Refine Panel. A reader purchased five of these coins. Counterfeit Silver Dragon Dollar (7 Mace and 2 Candareen) Reverse Side The letter and numbers are more to the edge of the dragon coin. The dates on the fake large cents include 1854 and 1857. Silver Chinese coins, along with silver trade dollars from the US and Hong Kong are among the most faked coins in the world; luckily they are easy to spot, while some others are harder. In the photos, there are very few banknotes shown. That makes the 1897 Kiangnan silver dollar a valued addition to a chinese dragon dollars collection. This close-up photo shows lots and lots of freshly struck fake Standing Liberty quarters. This Appears to Be a Full-Fledged Counterfeiting Operation, and is Suspected of Pumping Out THOUSANDS OF FAKE SILVER COINS into the US Coin Market Every Month – Mainly to Unsuspecting Customers of Online Auction Houses With eBay Reportedly Being Hit the Hardest. The best place to start is to use a magnet. Those boxes don't look very sturdy (remember, coins are quite heavy in these quantities, even fake ones), yet the coins are transported to coin shows in these cases. This photo features a couple of dozen images that depicted the fake antiquities and art objects that this counterfeiting ring is producing. Gold is the third most conductive metal (only copper is between them). Ending Today at 6:00PM PST 14h 40m. Susan is an avid coin collector of over 30 years, and has written 150 articles for The Spruce. This counterfeiting ring is suspected of putting thousands of fake coins onto the world and U.S. coin markets every month. The 1906 Ellis Island silver dollar is 100% fake because the real coin was not struck until 1986 by the U.S. Mint as a silver commemorative dollar… Peace Silver Dollar Counterfeit/Authentic Comparisons. duping even experienced professionals when not properly examining and testing coins prior to purchase. 1933 CHINA Sun Yat Sen 'JUNK DOLLAR' SILVER … Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Here's a little bit closer look at the coins in the many counterfeit coins this Chinese minting operation has struck. This practice is becoming less prevalent as more and more people learn how to test for fake silver… The 1923 silver dollar on the left is authentic and the Peace Dollar on the right is counterfeit. They look like they might even be proof Morgans, which would almost certainly be struck on a machine that uses hand-fed coin blanks, but some of the machinery in this operation looks pretty old so maybe they're just normal Morgans after all. Silver – Morgan Dollar These people claim they don't sell singles. Many of these coins will end up in fake PCGS, NGC, ANACS, or other grading service holders, but the majority of them are sold ungraded. This room is more cluttered and messy than some of the other presumably "showroom" photos, although this might be a showroom area, too. SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. Counterfeit Detection. The top supplying country or region is China, which supply 100% of replica coins … Filter (2) 1914 Chinese Empire Silver Coins. Of course, each coin die can strike tens of thousands of specimens, making this a very profitable operation. $200.00. Although the British Crown, if genuine, would sell for a few hundred dollars, the Greek coin made by these dies would cost thousands. Platinum This is a little like a store, where customers can come in and buy smaller bulk quantities of the fake coins and other items made by this operation. You will always want to combine this with the magnetic slide and dimensions test. Palladium By using The Spruce Crafts, you accept our, Another Coin Press Used by the Chinese Counterfeiters, Chinese Worker Applies Edge Lettering to Fake Coins, Chinese Workers Making Counterfeit Rare Coins, Chinese-Made Fake Silver and Copper Coins, One of the Showrooms in the Chinese Counterfeiting Factory, Another Storage Area or Showroom for Chinese Fakes, One of the Many Storerooms in the Chinese Counterfeiting Factory, What Are Doubled Die Coins and How to Identify Them, Man Finds $126,500 Penny in Fifty-Cent Roll of Coins. A good way of quickly identifying a fake is the get a precise weight in grams. 1914 China Silver Dollar Fat Man Yuan Shih Kai NICE ORIGINAL XF RARE COIN. Some of them are even sold "legitimately" as "replicas" rather than as the genuine coin, but without a marking indicating that they're copies, it is easy for dishonest people to pass them off as authentic. Look at the date: 1906. $5.00 shipping. Some of these fake Morgan silver dollars will also find their way into counterfeit PCGS and NGC slabs, but my sources tell me that most of the fakes these counterfeiters sell are sold "raw" (rather than slabbed). Silver-Coins 1906 silver eagle: One glance is all it took to condemn this Chinese-made fake Silver Eagle! The high quality of these fake Morgan silver dollars is evident. ... there are Chinese made counterfeit peace dollars in circulation. Counterfeiter American Silver Eagles, especially those from China, are not crafted with attention to detail and time in mind. A male worker arranges inventory on metal shelving: The photos also depict rare Chinese silver bars and ingots: And they aren’t simply limiting themselves to fake US gold and silver coins, apparently they also specialize in Fake Chinese Antiques and Art: Fake Slabbed Coins (although the photos did not reveal any fake slabbed NGC or PCGS coins as have been rumored to be appearing in the market): While even only 5 years ago fake Chinese silver coins were fairly easy to spot with the naked eye by anyone with even a little experience in the coin market – these leaked photos appear to confirm rumors that have been circulating the industry over the past year – that high quality Chinese counterfeit silver coins are now appearing, duping even experienced professionals when not properly examining and testing coins prior to purchase. These coins represent an assortment of fake coins that have been processed after striking to make them look circulated or dug from the ground. Shop by Category. Mistakes like … For example, silver is the most conductive metal known, so it is virtually impossible to duplicate. According to reader Henry N., this one operates more like a castaing machine, which was the first machine ever developed for the express purposes of putting edge lettering and other marks on the edges of coins. Know the weights and appearance. The Peace Dollar … The reverse side of the counterfeit dragon dollar shows another Chinese text, but as there are many dragon coins with different signs on it, this is not the right way to identify these coins as a counterfeit … They also manufacture other fake numismatic items, such as ingots, bars, and currency banknotes. Minting experts Mike Diamond and Fred Weinberg also concur, based on what they can see in the photo, that the machine is applying edge lettering. Reader Kostas K. pointed out that if you look carefully just to the left of the large tube, you can see a coin traveling through the machine. 1 oz Pan American Silver … I recently saw a new kind of fake … Rhodium Silver – 90% Coin These are the same coins that are put into counterfeit PCGS and NGC coin holders, although they are most frequently sold raw coins (non-slabbed). C) The 1906 Ellis Island Silver Dollar: At least this counterfeit is only 80 years off from when it was actually made. Gold – Pure If yours weighs more or less than 26.9 grams, it's a counterfeit… Fake Indian Head cents include 1869, 1870, 1871, 1872, 1877, 1908-S, and 1909-S. Know Where Your Coin Dealer Sources Their Silver Coins. There is no law in China against making these "replicas" as long as they are sold as such. The original 5oz.999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. One interesting thing to note is it appears that all of the fake silver coins are counterfeit rare/numismatic coins, rather than bullion coins or rounds like modern Silver Eagles, Silver Maples, or Silver Philharmonics, which reveals they’re being passed as high-quality rare/numismatic coins, and not purely for their “silver” content. Any coin intended to be silver that is magnetic is automatically a fake, since silver … Here's another one of the Chinese counterfeiting ring's coin presses, this time being operated by two men. In the back on the lower shelf, you can see coin dies for sale, so you can make your counterfeit coins. Gold – 91.7% 22K Crown The photo below reportedly reveals the actual fake silver coins being placed inside fake NGC and PCGS slabs: This coin press is striking fake Silver Morgan Dollars: The fake Morgans coming off of this press appear to be in Proof condition: Most small coin dealers believe they can spot fake silver coins by sight or touch, but These are HIGH quality counterfeits: Not only are the fake silver coins not authentic, but as our readers would imagine, are not even pure silver, as the Chinese counterfeiters have created look-alike alloys that closely mimic silver’s density. Farmers find them in their fields every season. Whatever quality of striking they have, whether it be proof or normal, one thing is certain: they're fake. There are also Chinese-made fake Indian Head cents, and what look to be maybe large cents and perhaps some counterfeit dimes and nickels. , top 10 most Valuable U.S boards in Europe and the Peace –! 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