This entire coin collection is 100% FAKE! How to identify counterfeits

Рет қаралды 174,051

2 жыл бұрын

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@TheQuickSilver101 2 жыл бұрын

I never would have guessed that the Chinese were faking dimes. That's very eye opening. Thank you for sharing this.

@kurtilein3 2 жыл бұрын

Worn-out Euro coins go through a de-coiner, it cuts them into pieces and bends the pieces out of shape. Then its sold as scrap metal. Then a factory in China was discovered where they flatten out and re-assemble those pieces into new fake 1 and 2 euro coins, for which they get the face value of one or two euros a piece. How does that even work. One would imagine its waaaay too much work for a 1 or 2 euro reward.

@sageschroeder 2 жыл бұрын

@@kurtilein3 it does seem like it wouldn’t be worth it, but if the foreign currency exchange is at a good rate and the people making them can be paid a low enough wage, with a decent production rate-efficiency… I’m sure it adds up. Seems better to just put the effort into something more lucrative and above board, but that’s from my limited perspective. People need to get by and likely don’t care about the integrity of another countries collectibles. It’s too bad.

@kurtilein3 2 жыл бұрын

@@sageschroeder These are not collectible, these are our regular circulating coins they have been faking. 5 Euros is our smallest paper bill, so we have a lot of the 1 and 2 Euro coins floating around.

@EroticOnion23 Жыл бұрын

CCP subsidizes the counterfeiters at a loss as part of their grand strategy to supplant the west!

@maszkalman3676 Жыл бұрын

China faking things ohh noo why would they do that :,D china fakes everything.

@erikk19 9 ай бұрын

I believe the alloy is called Chinesium. Commonly used to make drill bits and low cost socket sets

@Spegtacular 9 ай бұрын

🤣

@guyrobinson3625 2 жыл бұрын

It's a shame what happens to that gentleman, but he's not alone. And yes it was very kind of him to share with us what happened. You have made the hobby and business of coin stacking and collecting that much safer for all of us. I have 40 years of looking at coins and with that kind of time under your belt, you can spot the odd-looking coins. And always remember to follow your gut feelings, if something just doesn't look or feel right put the coin down and walk away. Thank you Joel for sharing your story with us. Your kindness will be repaid, and Karma to the crooks that sold you the counterfeit coins.

@boykinlp Жыл бұрын

I had NO IDEA that this was happening. I mean I knew there were fakes out there, but didn't know they were done so well. Thanks for sharing this information!

@DS-tt9vz 2 жыл бұрын

Fakes would go nicely in a dummy safe.

@stevedewey2747 Жыл бұрын

never thought of that, thanks

@stevedewey2747 Жыл бұрын

dumbsafe, love it

@2dthoughts Жыл бұрын

Lol That’s a great idea

@_The_6_Cats_ Жыл бұрын

Omg lol

@jwalters1204 Жыл бұрын

Brilliant. Great idea

@stephendrake6626 Жыл бұрын

My son returned from Afghanistan a few years ago and brought me a silver dollar. I examined it and found that the front and back were years apart. That prompted me to check it with a magnet. The magnet immediately drew it to it. A vendor in Afghanistan was selling them to the soldiers stationed there for $3.

@walterbsprinks Жыл бұрын

I have been collecting for 30ty years finding coins in lawns etc. Love History and Love coins too. But only started buying from”Dealers” in last 7 years.This is a very informative talk. Much appreciated

@NorthernCoins 2 жыл бұрын

I've found a few fake coins over the years, the last one I found was the 1911 uk British trade dollar, great info on this upload sir

@BilgemasterBill 2 жыл бұрын

As I recently posted in my own comment, I believe many of these fakes, including your Trade Dollar, have been created primarily to cheat Chinese savers, who've traditionally long preferred big silver over even gold, rather than chiefly to bilk Western numismatists. But they'll do that too, it seems.

@mysterybuyer3738 2 жыл бұрын

They are worth something because you can use them in a decoy safe to protect the real safe.

@sevea 10 ай бұрын

I still remember my first Peace Dollar. A wonderfully beautiful coin, a bit thick but the weight was right. Doubts came to me only when it started to rust

@joelp6197 2 жыл бұрын

The fake dimes were an eye opener, thanks for showing.

@robertb3214 2 жыл бұрын

Another way of checking for counterfeit Morgan Dollars is in the reed edge counting. There are many Morgan books out there that will tell you the number or reed edges on each Morgan. It is different from year to year. The holy grail of Morgan Dollars is the 1893-S and it is unique in the number of reed edges. Also, there are many Morgan books with excellent details on specific Morgans that help. I don't think most people really understand the level of detail put into the study of Morgan dollars.

@dragonshoardstacker 2 жыл бұрын

I would like to add that I'm very thankful for your channel and all the information you have provided in the community and I only buy from a reputable lcs or online dealer as well because I was able to watch many videos before my first purchase so thanks very much

@Spegtacular 2 жыл бұрын

Awesome 😎 glad to help

@Arturro-pk2eu 2 жыл бұрын

I bought a tube of Morgans from an Asian country that all turned out to be fake. The price was too good to be true and it was. I took this as a learning experience and gave some to fellow collectors to learn from.

@jenihansen7201 Жыл бұрын

BLESS YOU JOEL FOR NOT GIVING UP BUT SENDING TO SPEG SO WE MAY LEARN A BIT MORE....THANK YOU.

@misterTVman 5 ай бұрын

Counterfeit coins ruin the hobby and turn people off to trusting in the hobby. 😢

@coincollectingfun Жыл бұрын

Crushed the like button! Thank you so much for sharing this incredibly valuable information!

@tacticaldadlife2144 Жыл бұрын

I’m the manager at my family owned pawnshop and I love dealing in coins. I just put my order in with your code. Can’t wait to use the pocket pinger! You got a subscriber 👍🏻

@Spegtacular Жыл бұрын

Awesome! Thank you!

@TheQuickSilver101 2 жыл бұрын

Often in the past counterfeiters were put to death. There were also alternative punishments like many years in prison and massive fines. I believe that it was England who at one point would slice off the nose of a counterfeiter.

@MrTruckerf 2 жыл бұрын

That's what it takes to put the fear of god in those bastards. England did not play around back then and had some creative, if brutal, punishments. Pirates were hung in cages at the ports and left there. The bodies gradually fell apart and then you just had cages with a pile of bird-pecked bones but it served notice on what future pirates could expect.

@coinshow9842 Жыл бұрын

This is actually a great way to help other stackers or collectors ! Nice vid to 👏

@larryhanshew5173 2 жыл бұрын

If you find a small break shear it clamps down the coin and cuts it for a clear view of the interior material for easy identification…just an idea and most sheet metal shops have one

@herbash298 2 жыл бұрын

When the pocket pinger resonates that's music to my ears! 🙂

@silvertrucker2172 2 жыл бұрын

Ordered me a ping tester. Thanks much for the info. Enjoy your videos.

@escottmusic7898 4 ай бұрын

Great video ....... thanks for posting!!! Very educational

@saltwatersaddletramp7229 2 жыл бұрын

Thanks for the continuing education. I do buy circulated Morgan and Peace Dollars. But, only from reputable sources. I’ve bought quite a few from Coin Guy.

@Readyman56 10 ай бұрын

I really enjoy viewing Speg Tacular videos on KZfaq!!! I enjoyed learning the difference between a real Morgan, Peace Dollar and a counterfeit!!! I really enjoy your demonstration of the pocket pinger! Please share with me how I can aquire my very own pocket pinger!!! Thank, D. L. Polk. 😊

@spacecoaststacker8448 2 жыл бұрын

Great video! Unfortunately lots of fakes out there. These types of videos need to be watched by everyone a couple times a year. Especially as the value goes up on silver.

@hc7760 2 жыл бұрын

The dimples are grab marks from coin counters that were used back in the day, from what I understand or was told. Some of the toning looks like an oil based cleaner

@markmark2080 2 жыл бұрын

When you mentioned counterfeit books it reminded me of my Navy days in the mid 1960s in the 'Far East', on certain well known Island there were counterfeit book and record stores where we could buy anything from Motors Auto Repair Manuals to all the Charlie Brown cartoon books and any 33 rpm hit record in the world for 5 - 10% of the cost back in the states...

@hypnotherapycw Жыл бұрын

you dont think those counterfeiters still exist?

@markmark2080 Жыл бұрын

@@hypnotherapycw Everything is today, one of the worst is OEM auto parts, cause DIYers many expensive problems...

@stephenlang419 5 ай бұрын

Im 72 years old and your good, and i just love watching you.

@silver-lovinglou5695 2 жыл бұрын

Yes! I picked up a Pocket Pinger a few months ago and found a fake ASE I had picked up a few years ago... A Great Tool! LOTS of fakes are on the market! Use discretion when buying! Just Keep Stacking! Thanks Speg!

@miker1009 11 ай бұрын

Where did you buy it from? How much are pocket pingers? Thanks

@stormforge68 2 жыл бұрын

Note regarding the pocket pinger…it should not be used on numismatic coins, as the plastic nub will leave a near invisible mark on your coin. Read the disclaimer and understand the risk of using the PP on collectible coins.

@TheGroovyJones 2 жыл бұрын

I just hold the coin and ping it with another coin. Here is where I triggered the entire comments section. Obviously not coins in high enough condition or rare enough date to mean something. But I'll hold shiny silver bullion Eagles in my bare hands and bash them together all day long. I like the sound they make.

@Farmboy762 2 жыл бұрын

The 3 or 4 dots on a coin are from a hit from the reeded edge of another dollar.

@TheGroovyJones 2 жыл бұрын

In 1893 they estimated 50 million dollars in circulation, 20 million in bags as bank reserves, and 175 million in bags still held by the government never released. Bag marks are real. But then the majority of those uncirculated Morgan dollars got melted down because of WW1.

@gregoryhoefer3660 Жыл бұрын

This was needed information for what’s going on in the market. Thanks

@rob010976 2 жыл бұрын

I love my pocket pinger! It hasn’t let me down yet. Everything it told me was real, was indeed real when my LCS let me use his tester. Thanks for turning us on to it now months ago Spegtacular!

@4ninefine199 2 жыл бұрын

Wow, counterfeit DIMES ! Makes me a little intrigued to want to check my entire stack.

@stackingpoints417 2 жыл бұрын

Me too lol every time time to bust out the test acid

@NapoleonicStacking 2 жыл бұрын

Those are some very convincing fakes, scarry stuff. I have some experience having bought fake silver and gold in the past. Luckily not to much experience lol. Great video!

@godbluffvdgg 2 жыл бұрын

Wow, that's crazy that those coins are fake! Who the HELL makes a fake dime? smh...

@johnsherman6347 2 ай бұрын

China

@truthwatcher1621 2 ай бұрын

Thanks for the heads up on the mercury dimes. Crazy!

@constitutionalstacker5701 Жыл бұрын

Good work Speg.

@jayheinkel 4 ай бұрын

Thank you for the information. Thanks for bringing awareness and some more of the basics to YT for new and old coin collectors alike. I always try to keep a scale handy and legit silver coins for ping testing comparison. I’ve also noticed many fakes and or what I consider to be fakes for sale online. It’s unfortunate and hopefully with more awareness we can help put an end to people buying fake coinage.

@Cloxxki 2 жыл бұрын

I carried around this 1954+ Dutch 2.5 Guilder coin. 33mm 72% Ag 18g gross. Accidentally put it on the butcher's counter. His eyes immediately lit up, it sounded different.

@tom_morgandealer_pgh1648 2 жыл бұрын

LOL that part when you said people sell like 30 coins and call them self a dealer that was definitely me back in the day. I used to find fakes all the time and ebay always got me full refunds. i cut 2 open and saved the other 15 or so. couple german and foreign stuff from the 1800s and silver dollars. ( none ever weighed close to right and was never magnetic) ping test goes a long way

@HugoTBoss 2 жыл бұрын

I've bought quite a few Items from EBAY and would like to test out. NOICE VIDEO!

@darancemoore9466 3 ай бұрын

I greatly appreciate this knowledge

@brucemiller8109 Жыл бұрын

I would NEVER think a dime would be fakes but seeing is believing.

@SilverOceans 2 жыл бұрын

Great video, the bottom line is always buy from reputable dealers. 🔥🦈🌊

@maxredman5628 2 жыл бұрын

good info.... thanks a lot!

@jimthompson9992 2 жыл бұрын

I wish the Sigma wasn't so expensive! Fixed income can be a burden!!

@worthlessgarbage4857 Жыл бұрын

I couldn't tell by looking by the sounds gave it away for me. Sound is probably the biggest thing I check for.

@spacefury65 4 ай бұрын

What I find amazing is the different years. You would figure that counterfeiters would have limited numerical dies available to them. Maybe 1-3 year spans... but 1880s-1920s is scary... This is why I stick to finding my silver , IN THE GROUND!!

@kurtilein3 2 жыл бұрын

The four little dots in the neck are likely a mark that a dealer or bank made, to recognize coins they already had, and to track stolen coins.

@speckledjim_ 2 жыл бұрын

How do you build an entire collection of fakes. At no point in your collecting do you do any testing? Testing your coins is a huge part of the whole collecting thing, at least it is for me

@mikemcgrath5188 Жыл бұрын

just ordered the ping tester with discount, thumbs up!

@b.neallee7042 Жыл бұрын

I can't believe how crooked people can be. . what ever happened to honor, integrity, and pride with providing a good product at a great price? All these bums are wasting their life on a lie. I heard a dealer sold a safe full of sealed gold coins and after 20 years of selling fake gold to his loyal customer not one was real. His whole life was a lie. That's how people get KILLED. You have great information and know who you buy from. Neal

@joerock1736 11 ай бұрын

You can actually see the chemical residual on the coins to give them shene,plus the way there stained basically identical which is that in itself unusual. Very good learning video.

@jurgenpommerenke8150 Жыл бұрын

They can adjust a lead-tin mix to get the same density like silver. Dimension and weight could be correct.

@rvalens2 9 ай бұрын

I was hoping to see him cut the Morgan open, so we could see the inside the coin. A Dremel with a cutting blade would easily have done that. Putting it on a grinder would also work. It would have been interesting to see if the metal was layered or if it was all the same. Thanks for the great video! You are to be commended for educating others about all the fake coins that are out there.

@lapimano2 9 ай бұрын

Yes, but other than that, and perhaps the lack of more emphasis on the size and thickness of the coins, and the proper introduction of that electronic device, this was a relatively decent, informative video.

@scottsatterthwaite4073 2 ай бұрын

Something else that is all too common: Dealers claiming your coins are fakes and convincing you that you need to just give them up for disposal. NEVER trust a coin dealer. Learn how to tell the difference yourself. For every tool a dealer can use to verify a coin, there is a tool just like it that will prove its a fake.

@robertrichards9275 2 жыл бұрын

I almost can't believe how many coins someone showed up with for their collection that were all fake oh, it just blows my mind

@lindaneff7245 2 жыл бұрын

Thanks for the head up. Where do you get one of those tools?

@Spegtacular 2 жыл бұрын

Check out the pocket pinger link I’ve placed down below the video in the description and use that code provided to save some money! :)

@GravityXheavy Жыл бұрын

I bought a 1909 s vdb on a silver dime planchet for $10 and was shocked to find out it was fake.

@rustybritches6747 Жыл бұрын

I'm guessing the composition is a high nickel bronze alloy that they obviously patina intentionally to look like toned silver that would explain the color the closeness in weight other than the slight thickness difference but the high nickel content would make it hard to melt with propane or one can of MAPP gas

@777dingo 9 ай бұрын

Could be but Nickle is relatively expensive why wouldn't they use a cheaper metal?

@philsimms5475 2 жыл бұрын

We have an inherited coin collection, which I have been analyzing for value. I think some of the Morgan dollars do look correct. Thank you for publishing this to help my analysis.

@stackingpoints417 2 жыл бұрын

Alot of the fakes are pretty much perfect its just the metal composition thats not right

@vernowen2083 2 жыл бұрын

The fakes may be made of a type of stainless steel that is colored gold. It's the same metal being used to make fake gold jewelry, of which I have a necklace I found metal detecting, which was tagged 18K and Nitric Acid will smoke when it comes into contact with this metal.

@hypnotherapycw Жыл бұрын

dimes sounded like ZINC pennies.

@John-ye9sp Жыл бұрын

This is good to know. When l was young l was into coins and baseball cards .I did not know they were doing this.

@norrismilstead7209 Ай бұрын

Why are counterfeit bills not legal to own but counterfeit coins are?

@theodorejonesjr1265 2 жыл бұрын

Thanks for the coupon code, just bought the 2 pack. I’m a lucky guy, wife loves precious metals too!

@SmokeyDaBear0420 Жыл бұрын

I just recently found a hoard of coins full of fake silver dollars and key date wheat pennies in a relatives house that passed a couple years ago. Tons of real wheats and some other things but all the silver fails weight and ping tests

@stormforge68 2 жыл бұрын

I primarily stack current year BU only, purchased from reputable online bullion dealers. This is first line of defence against fakes. My second line of defence is my Sigma PMV Pro Mini and the GVS Bullion Tester. I’m all good. 😆

@silversurfer6929 2 жыл бұрын

Good video!

@paulmcckain3420 2 жыл бұрын

That dimple is when the coin after it, falls on edge onto the one before ,the edge,reed!

@paulettaharrison8347 Жыл бұрын

And where can I get one?

@kurtilein3 2 жыл бұрын

I collect high-end Magic: The Gathering cards, and the best fakes are still crap and easy to identify with due diligence. When i go look at cards, i have a jewellers loupe, real cards from the same print runs for comparison, and the flashlight on my cellphone can be used to send light through the card.

@MG-ul4kc 2 жыл бұрын

I have some mercury dimes that are not passing on my sigma mini pro. I'm sending them back. Thanks for the video

@Osmiculture Жыл бұрын

I am curious how this 'collection' came together for your correspondent (perhaps I missed it). Was it accumulated over a period or from a single source e.g. an internet profile? I wonder how old the fakes are, because I see metal detectorists in Europe dig up occasional counterfeit coins but ones that were contemporaneous to the real coins in circulation.

@haroldhprittjr7007 Жыл бұрын

It’s a mixture of different metals may be something like a ceramic metallic mixture ! Wonder about those dimes if they were tried to be melted ?

@stevelaminack1516 Жыл бұрын

I knew paper was counterfeited but I had no idea coins were as well. Is it just collectable coin or are the putting fake coins in circulation as well?

@lolaeudy8316 Жыл бұрын

I'm not surprised at all. Reputations are hard to repair. Any and all testing one can do is helpful.

@erwinwheeler124 2 жыл бұрын

Spectacular those dots are Rated edge hitting each other in these $1000 bags.

@Spegtacular 2 жыл бұрын

And they make dots? Crazy. I have another coin with that same pattern in the same spot too.

@GatekeeperofOld Жыл бұрын

@@Spegtacular anyway I could acquire some of those phony Morgan’s for close up magic?

@tonyhazlett2973 2 жыл бұрын

So question about the fake coins. Can you find out what metals were used? If so could those metals be reused into something else if you are able to melt them.

@goldcicvibefel7628 2 жыл бұрын

@Tony - you would need an x-ray spectrometer to determine other elements in a metal object. They are very useful for gold nugget purity & can help identify location & geologic conditions. The ranges I've seen used by pm deals run 11k to 19k. Won't buy a nugget without one. Australian nuggets have the highest gold content. 97 - 99%. The rest is typically mostly silver, with some trace of chromium, Pt., Pd, Fe, Krypton. My primary LCD has one, mostly for scrap jewelery.

@noneyabusiness4564 2 жыл бұрын

What are they made of?

@B29p 2 жыл бұрын

Great video

@terrancehawee8260 5 ай бұрын

That coins meter you have where did you buy it at...that awesome-something I can use 😊

@silver_salvage_savage 2 жыл бұрын

I think those "4 dimples" are meant to look like contact marks from coins dropping on each other. Could be the counterfeiters signature.......who knows. Is the CC dollar you mentioned also a known counterfeit? There needs to be a crack down on these. Morgan's and peace dollars, mercury dimes are all still considered legal tender with a face value

@Spegtacular 2 жыл бұрын

My CC with those marks is a legit coin.

@haroldhprittjr7007 Жыл бұрын

Does that pocket pinger work on the dimes?

@bobbyagee3796 2 жыл бұрын

So to be absolutely sure of metal quality, boils down to alloy? Mainly dealing in F or VF?

@canadiansilverseeker Жыл бұрын

Thanks for sharing the testing of the fakes... I just made myself a silver slide race track Happy Stackin eh!

@Thecoinmanproof 2 жыл бұрын

The sound and handling of the coin is very different from the real thing.

@brianwkunklecih7724 3 ай бұрын

The one that you tried to melt may be a nickel alloy. I used to work in a specialty metals plant, and some of the nickel alloys had that same gold hue, and melt closer to 2700 F, which is too hot for blow torch.

@sageschroeder 2 жыл бұрын

There’s a ton of these Morgan’s coming out from China! I found some on Amazon. It’s a shame. I was robbed last year during an unexpected move, all my gold and silver, collectible coins and bills, electronics, my bass, backup HDD with 10 yrs of producing music and a lifetime of pictures, nice clothes, etc. years of work, gifts and investments. Then my dog died. Then I went out to try to rebuild my stack and I got a few fakes. I can spot em too but they put them in a stack under some real ones. Glad you’re talking about these.

@stevedewey2747 Жыл бұрын

I have a what I believe to be counterfeit 1921 peace dollar. weights a little more, "PEACE" is completely missing, and the worst part is when I picked it up with a magnet. looks to good in my little collection to ever let it get into circulation. just so ya know there's another one, not out there.

@wh8085 9 ай бұрын

This video just blows my mind ! I've been buying 90% coins for several years and have never checked them. At this point I don't even want to start checking my coins ! OMG ! I have lots of dimes and I don't have a clue about them since I watched this. I've been buying morgans lately . . . . I'm to scared to check 'em ! Where do you buy one of those gizmos that you check them with , I mean the electronic tester thing ? ? ? This is so scary .

@lindsey3448 2 жыл бұрын

I only buy coins that are AU or MS because I feel like the more wore out coins are the harder it is to tell if the are genuine. I also pull up images from pcgs and make side by side comparisons looking very carefully at things such as the date, device details, letter font, and the denticles to be sure I am buying only genuine coins. Sometimes I get scared what the future holds for our hobby, I worry someday fakes will be so good it will destroy they hobby

@PapaLu08 4 ай бұрын

Scammers are literally everywhere, could be your next door neighbor. I dabble in sport cards, comics, coins, stamps, memorabilia and all of them are flooded with people trying to scam. And most of them will get caught and get exposed so they just change there name and keep doing it. It’s sad, how people have to ruin something like collecting cards, coins or comics just so they can make some extra money. If only they would put that much effort into a job instead of these elaborate scams.