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Fake Silver Coins: 11 Ways to Spot Counterfeits

July 23, 2014 in Coin Validators, Coins, Collecting, Counterfeit, Education, Fake Coins, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Dollars, Silver Eagles

By: Dave Martinez. July 2014 (http://www.silvercoins.com)

It is unfortunate that articles like this have to be written, but where there is money trading hands, there will always be fakes, frauds, and counterfeits.

If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …

Below are 11 ways on how to spot fake silver eagles, bars, and bullion. We’ve ranked them from the least to the most effective methods in detecting counterfeits. (Most of these tests can also be applied to gold as well).

 1. Magnetic Test

While many fakes can easily pass this test, silver as well as gold bullion for that matter are both non-magnetic. If a bullion coin or bar sticks to a magnet you can easily throw this one out. Fakes that are produced with any iron or steel content in them will give off some magnetic attraction and identify itself as a fake. Metals that have a core of zinc, copper, lead or other non-magnetic metal will not be detected by this test.

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