The top supplying country or region is China, which supply 100% of replica coins … Silver – 92.5% Sterling This room is more cluttered and messy than some of the other presumably "showroom" photos, although this might be a showroom area, too. Silver – 96% Britannia As you can see, the date, on the counterfeit has letters that … Gold – 98.6% Rhodium 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. But really, the storeroom or showroom is just as filthy when it is loaded with fake coins, antique art objects, and antiquities, all meant for Western collectors' markets. Another Fake Silver 1921 Morgan Dollar (Made In China) On Ebay. Certainly, it's very filthy, but the work these men are doing is filthy in itself, making counterfeit rare coins to pollute our coin collecting marketplace. A wide variety of replica coins options are available to you, There are 673 replica coins suppliers, mainly located in Asia. As you can see, this ring seems to prefer making counterfeits of key coins and the other more valuable dates, sometimes to the point of absurdity, as in its fake 1913 Liberty nickels. But combined with the appearance and weight of the coin, the fake would be obvious. Here's another one of the Chinese counterfeiting ring's coin presses, this time being operated by two men. 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. Graveyards have been found that contain literally millions upon millions of ancient Chinese coins and artifacts. These freshly made fake Chinese ancient coins are made by the same counterfeiting operation that makes the silver dollars, crowns, and other fake silver and copper coinage depicted in this gallery. 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. The photos in this gallery were taken inside a Chinese coin counterfeiting operation. Silver – 90% Coin A genuine silver dollar dated between 1798 and 1804 weighs 26.9 grams. ... as I have received forgeries from very highly rated sellers who claimed to "not know" the coin was a fake due to them not dealing with coins … There's a possibility that there are fake 1856 Flying Eagle cents. The Chinese are experts at the art of processing newly minted items to make them look old, and these coins are a typical example of this time-honored Chinese art. Coins Found in Pocket Change. This close-up photo shows lots and lots of freshly struck fake Standing Liberty quarters. Last month I posted an article about a potential scam by a company named LIACOO selling American Silver Eagle coins from China. Silver – Peace Dollar 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. 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. That makes the 1897 Kiangnan silver dollar a valued addition to a chinese dragon dollars collection. Posted on December 20, 2016 Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by the Numismatic … The 1923 silver dollar on the left is authentic and the Peace Dollar on the right is counterfeit. Silver Panda coins are very nicely designed silver bullion coins struck by Chinese mint with a purity of 99.9% silver. Jewelers will often weigh your coin on their precision scales. 1914 China Silver Dollar Fat Man Yuan Shih Kai NICE ORIGINAL XF RARE COIN. Of course, you won't see these boxes on the coin show trading floor. Well over 100 million were struck, including 30 million … 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… There are also Chinese-made fake Indian Head cents, and what look to be maybe large cents and perhaps some counterfeit dimes and nickels. The top countries of supplier is China, from which the percentage of replica coins … They came about through a numismatic watchdog/satire blog called Biddle's Bank. In the back on the lower shelf, you can see coin dies for sale, so you can make your counterfeit coins. We have a counterfeit 1883-CC Morgan dollar that comes to us from our friends in China. This is probably because many naïve buyers know that the coins they are buying might not be real, but that at least the coins are made of silver … 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. Counterfeit Silver Dragon Dollar (7 Mace and 2 Candareen) Reverse Side The letter and numbers are more to the edge of the dragon coin. Make Sure Your Coin Dealer TESTS Their Coins, and Know HOW They Are Testing Their Coins. About 86% of these are metal crafts, 2% are mechanical watches, and 1% are coin operated games. Genuine ancient Chinese coins are some of the most fascinating and low-cost ancient coins on the market, but with so many fakes coming out of China it is very dangerous to your pocketbook to collect them unless you know your stuff. Silver-Coins 1906 silver eagle: One glance is all it took to condemn this Chinese-made fake Silver Eagle! Gold – Pure Next Page ... 1768 ROYAL FRANCE LOUIS XVI LARGE SILVER ECU FRENCH DOLLAR COIN PAU MINT! Although the working conditions often appear dirty and the minting equipment is old, this is a well-funded enterprise that is run like a legal business in China. 1 oz Pan American Silver … December 14, 2019 1924 Peace Dollar – Liberty Dollar. In the photo below, a female Chinese worker is applying edge lettering to a bag of fake silver coins: As the photo below reveals, these guys are minting much more than fake morgan dollars: Fake silver dies in the photo include fake numismatic Greek Drachmas and British Crown coins as well as US coins. Notice the high quality of these dies for making fake silver crown-sized coins. 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. 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. These freshly minted fake Morgan silver dollars are high-quality counterfeits. This wide-angle shot is deceiving at first. This photo shows a different coin press than the one in the previous photo. Gold – 90% Washington Presidential Dollar Error Coin Gallery, Top 10 Most Valuable U.S. Gold – 91.7% 22K Crown VISUAL PHOTOGRAPHIC EVIDENCE of the Chinese Counterfeiting Ring, Suspected of Pumping Out THOUSANDS OF FAKE SILVER COINS. Sigma Metalytics Gold and Silver Purity Testing Scanner, Sigma Metalytics Gold & Silver Purity Scanner. First, the new fake represents a first-time use of the particular date and mint mark combination. $200.00. You will always want to combine this with the magnetic slide and dimensions test. 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). These people claim they don't sell singles. And China is not the only culprit. SUPPORT: https://www.patreon.com/JuniusMaltby BEWARE, fake coins are flooding the market from China. For perspective, consider that the blue stool in the middle of the photo is a full-sized step-stool type of seat. Copper. Several freshly struck fake Morgan silver dollars lie to the right of the machine. duping even experienced professionals when not properly examining and testing coins prior to purchase. The U.S. didn't even begin making the Silver Eagle until 1986! There are also seen plenty of more common dates. If yours weighs more or less than 26.9 grams, it's a counterfeit… Know the weights and appearance. This practice is becoming less prevalent as more and more people learn how to test for fake silver… Silver – 99.9% Pure This one is striking fake Morgan silver dollars. Caveat: While the ping test is a great method to check for fake silver bars or coins, it is not foolproof. Although the coins … Gold – American Eagle The Peace Dollar … Fake Coin Examples. It is almost impossible to duplicate another coin’s resistivity, weight, and size. To help collectors and dealers identify counterfeit coins, NGC has prepared lists of the most commonly counterfeited US, Chinese and world coins with diagnostic information and … Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. Two counterfeit American Silver Eagles purchased from LIACOO, a company based in China. Whatever quality of striking they have, whether it be proof or normal, one thing is certain: they're fake. 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. I ordered two coins to confirm my suspicion. The original 5oz.999 pure silver coin has a 50 Yuan denomination stamped onto the front of the coin. They claim they're merely filling a demand in the marketplace. 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 machine is somewhat different from the Schuler edge lettering machine in use at the U.S. Mint for the golden dollars. How Can the Average Silver Investor Protect Himself From Fake Silver Coins? Look at the date: 1906. The Chinese have been experts at creating lookalike alloys for more than 1,500 years. The actual non-customer-accessible storage areas, as seen in other photos in this gallery, are much more cluttered and filthy. LIACOO appears to be selling knock-off products made in China and representing them as genuine for less than market value. Fake silver coins are becoming a problem in the market, and you can expect the scope of these Chinese counterfeiting rings to only grow as their technology improves and silver prices rise as the bull market accelerates. 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