Silver Safety! How NOT to be Fooled by Fake Silver
Silver safety! How NOT to be fooled by fake silver. In this video we talk about the risk of counterfeit silver--especially with silver rounds, silver coins, and silver bars. Fake silver and gold are a real threat, and you should stack silver and gold safely. There can be a lot of pitfalls in our silver stacking journey, and I hope this video helps those new to gold and silver stacking. Most silver fakes are actually really easy to spot and quite easy to test. It's best to employ multiple ways to test your silver coins, rounds, and bars. I compare real silver coins with fake silver, demonstrate various methods to test your silver and finally discuss testing for counterfeit silver and gold with my local coin shop silver dealer Tim.
Tim Marschner
The Coin and Stamp Shop
300 Granite Street
Manchester, NH 03102
(603) 624-4400
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Topics discussed: silver, silver fakes, fake silver, counterfeit silver, silver rounds, silver coins, silver bars, gold, gold bar, stack silver, silver stacking, silver tests, testing silver, coin shop, silver dealer, spot price, coin dealer, buy silver, silver ounces, silver eagle, peace dollar, bullion, physical silver, stacking silver, precious metals, silver bullion, gold coins, gold bullion, invest, investing, investing in silver
#Silver #FakeSilver #Gold
Пікірлер: 373
i’m going to like, but like why am i watching this lol, i know NOTHING about coins, it was just on my recommended 😂
@xAuger
3 жыл бұрын
Maybe it's a signal to get into this kind of stuff
@silentbliss7666
2 жыл бұрын
Same thing happen to me 1 year ago. I'm a full fledged silver stacker now! No regrets :)
@1badgt4
2 жыл бұрын
Metals are REAL money.
@troylevi9654
2 жыл бұрын
Ya these shows suck because now I have thousands of ounces. I have always liked the 10 ounce bars I get coins are nice and all but at the end of the day I get more ounces from bars for way less then coins
@jareda3106
2 жыл бұрын
@@troylevi9654 What's your address?🤣🤣🤣
Well, that’s another 15 minutes of education for me that took you hours to put together. Thank you!
@SilverHeist
3 жыл бұрын
These videos do take time to prepare! 👌👌
Specific Gravity is a good test.
@demolitiondan1188
3 жыл бұрын
Yes, that’s probably the most accurate test you can do without using an analyzer.
Local dealer bought three 1000 ounce silver bars once, they tested fine when he bought them, later found out the centers of all 3 was lead
Just started stacking. This was very helpful. Thanks!
Very informative. The ping test works just like distinguishing a steel crankshaft from a cast crankshaft. I have the ear.
The best video I have ever seen on how to tell if a coin is silver or not!
Thank you for another great video. I love listening to you and Tim.
Thank you for this video! Very helpful for a beginner like me.
Those side by side comparisons of real vs fake coins where the spots of each coin was pointed out was super helpful. The magnet trick is always the best place to start when you don't have a Sigma like machine. Thanks for this video Yankee. I feel this video will save so many new and seasoned stackers from getting had with fake coins. Be well buddy.
Great info Yankee. Thanks for sharing.
Oh my goodness.......I’m salivating over that 10 ounce Apocalypse bar on Tims counter!!
Thanks Yankee for this amazing video
Thanks Yankee for this information.
I notice Tim has the original Sigma-- the new models have some pretty helpful improvements. The Sigma Pro and the new Pro Mini can check the size and thickness. I ordered my mini from Sigma (budget about 1.7k, me boyos) and paired it with an old phone (a tablet works too, but use something with a screen protector since that's what you'll use to check sizes.) The wand attachments are heartily worth it, especially if you're checking silver with deep recesses like stackers or tiny things like grams in assay. Also read the manual because there's a few things you need to know, like how temperature can throw off the conductivity reading. Don't forget to calibrate!
Great video! Been using scales, rare earth magnets, and calipers since 2008.
Wow, I was just on the phone with this shop today. Nice guy. In Maine, will be in.
Nice to see that Provident bar on the counter. I've been buying from them for years. No negative issues with them.
Clatsop Coin also uses a Sigma, additionally every piece also goes across my scale for weight. Would love to visit Tim's store but I'm at the mouth of the Columbia River at the Pacific Ocean where we get really cool sunSETs. I've not seen a sunRISE on the water in about 15 years. Gosh maybe a cross country road trip is due.
Thanks for sharing!!!!
One of the first things I noticed on the fake ASE you show is the sunbeam on the left does not pass the the letter L. Good to know about the flip method too!
Great video
Cool video Yankee. The magnet i want to have to easy pocket tool.
Great video! Weight, dimension and ping are all you need. Be carefull with the magnetic slide. In fact, you are measuring the permeability of the metal, which isn't an easy task and errors can be made easily!
I bought some ATB 5 oz silver coins from someone on offer up. I was cautious about them so I weight and visually inspected them to my knowledge. I just did the ping test after watching this video and they all have such a beautiful ping and resonate for 10 or 15 seconds
Great vid, just got myself a sigma. Always great seeing Tim on the channel.
A lot of fakes are silver plated copper and don’t weigh out
That Sigma machine is awesome. P. S. This guy would be an awesome edition to Sesame Street
I work in a pawn shop, and once had a customer with several silver Mexican coins from two different years, about the size of a silver dollar. So I gave them a quick check, they felt right, weight was right, acid test was ok. I was about to buy them when I decided to do the magnet test. Oops. They were magnetic. On closer inspection, all the coins from the same respective year were exactly the same - down to the dings and scratches! So if someone offers you several coins of the same mintage, check to see if the damage matches on them, that's a bit of a give-away!
@sdfv4zx
2 ай бұрын
You should know better than that, the first thing u should do is the magnet test, that would have save u a lot of work.
I think I may venture over to this gentleman's store this Memorial Day weekend. I've always wanted a reason to visit New Hampshire.
@ludwigvonsowell5347
3 жыл бұрын
Free state project has entered the chat
@iracknads
3 жыл бұрын
Oz is the abbreviation for ounce.
@Irunwithscissors63
3 жыл бұрын
@@iracknads lol. Sheer brilliance
On the Silver eagles I noticed that the sun rays on the fake don't go all the way through the L in Liberty. Very good video.
You can get very lightweight flat ,half round , Neo magnets from old HARD DRIVES .These are fantastic for testing coins with minimum damage.
@practicaloccultist231
3 жыл бұрын
@@timothypanfilomaruchan8267 I've seen your comments thx for helping to clean up the comments. I try to report them all but there's so many
At 9:02 that sound IS the reason I started collecting silver.
Cool! I knew about dia magnetism with copper , didn't know silver was also.
the ping test is my favourite tune 🎵❤
Thank you
The Sigma Original now has the small and large extensions for testing anything unwrapped. Same machine as in the video but with wands for even more accurate testing. I will get one and bring it with me when I shop at the gold shops and know on the spot that what I'm getting is the real deal.
It might be a little better to compare the fake proof ASE against a real proof ASE, not an UNC one. There might be some difference in the mirror finish on the background. As a chemist I got to play around with an XRF analyzer once. It was good, but XRF can be fooled if an item is plated thickly by genuine metal. The soft x-rays used in XRF only penetrate so far. I like the rare earth magnet test. I use a magnet which isn't quite so massive. The test also works through thin plastic such as through a coin flip, so I can usually tell without removing a coin from a flip or a 2x2 holder. That also protects the surface of a numismatic coin.
I bought a sigma from a LCS going out of business It has been great But i like the new sigma PRO better Help your LCS to buy the new sigma PRO and trade him for his old one It about $2000 for the PRO and about $1100 for new ones Happy stacking
Not sure how I missed this video but watched it now :)
Good reminder video about fakes. Last year I bought 25 1 oz silver coins from an online dealer. When they came in I measure diameter and weight and found about six to be outside the acceptable weight variation. Obviously returned the whole batch and told the issuer why they were being returned. Never heard from them not even an offer to send a new batch.
the ice cube test is quite amazing on silver...both bars and coins. I would add that to the other quick tests. Silvers high thermal conductivity makes it look like the ice cube is on a frying pan, and you can feel the cold on the other side of the silver very quickly. Would love to see it tested on a fake tho.
Thank you ...
Keep some of these fakes if you get a homejacked,you can hand these over
I like the specific gravity test. It takes more effort but I trust the results.
@SilverTreasures
3 жыл бұрын
The seldom pieces that “may need” further testing are far and few in between thus justifying the effort it requires. If someone is sooo paranoid that they’re testing every piece then they need to find a different dealer lol. Specific gravity saved my a$$ one time, after I had bought the iconic .99999 fine gold maple 1 oz coin. I didn’t even suspect it was fake, but I was testing a palladium panda (which was 100% real) and thought since I have everything set up I’ll test the maple and a couple other pieces. At first I thought user error so I reset everything. Test was identical to the first. I began freaking out and grabbed my Buffalo (which I know is authentic) just to make sure. And sure enough the Buffalo came back as pure gold. Tested the maple again and got the same bad result ... I took it to my bullion dealer to get the xrf results and it came back as 16k gold. VERY STRANGE... but it made sense given the consistent results of its specific gravity.
I wish I could go to that lcs and buy some silver. Owner looks legit and honest
@brianpdaniels
3 жыл бұрын
He's a good, fair guy
Good info thanks
ALWAYS GREAT CONTENT > TIM IS THR BEST
Specific gravity as a second opinion never hurts.
S.D. Bullion is where i buy my metals..
Looks, feel, Pocket Pinger, magnet slide, scale, calipers.
Gotta be careful with the slide test. Copper has the same properties.
@tedpark6814
3 жыл бұрын
Copper is also a very good conductor, although it's not as good as silver, it's pretty close. That's why it exhibits this property.
@Silverholic
3 жыл бұрын
@@tedpark6814 Yes, there is an additional layer of electrons in Silver, making it a slightly better conductor. But the difference on the slide is almost impossible to notice.
@rajekamar8473
3 жыл бұрын
@@Silverholic Known coins of different materials could be used on a slide ramp to calibrate that system. Good ones and fakes. You would need to time them with light gates on top/bottom. You could do this with something like an Arduino/pc etc to log the times and give a time output.
Great and helpful video! Do you have a link to the particular magnet you were talking about? Thanks!
Most of the newer fakes are copper with a silver coating. The magnet doesn't stick and will slide almost exactly like the silver.
@bushtuckaman
3 жыл бұрын
What's the best way to check one of those then please?
@Tinstared
3 жыл бұрын
@@bushtuckaman What I am saying is the magnet test is pretty much obsolete. Buy a digital caliper (under $10 at harbor freight) measure thickness, diameter. Look at the coin under a loupe, weigh it, ping test it, acid test. And if you know someone with a sigma ask them to check it.
@bushtuckaman
3 жыл бұрын
@@Tinstared Great info, thanks for the reply!
copper also repels magnets as well does aluminum
I get my silver from trusted sites and a local coin shop that’s been in business over 30 years
Yankee, you can quickly wave the magnet near the surface, without touching, of the real silver. The coin will move. It’s just doing the reverse of your contact slide without actually making contact.
I’ve done a lot of research on fakes and do have a couple to make sure my Sigma is working correctly. The magnet does spot most of them. I have one eagle that was done masterfully but the sigma called it out.
rare earth magnet and milk spots are my way of testing
@tonyli8368
3 жыл бұрын
Found the maple leaf stacker
I use a homemade mag slide, scale and magnets. The ping test I'm not so good at. I should get the phone app I guess!
Found an old 1940s walker half that was obviously cast but contained 90% silver. 🐥
Fun story, I bought a 5 Mark German coin from 1897 for close to nothing 1 or 2 years ago and found it recently in my drawer. This re-ignited my interest in old coins, and I ordered some online, digging a bit deeper I found out that you can actually buy silver coins purely for their silver content, so I ordered some coins from Andorra with 92.5% silver content. I informed myself and noticed that those are not the right coins for this purpose, so I ordered a few of the right kind (Kangaroo, Maple and Britannia)...of course now I needed to know if those are fakes or not, this video helped me a lot, for now all coins have passed the test...except that 5 Mark coin I started with, it was a fake :D
Man Yankee, I wish you had given him the fake peace dollar and asked him if it was real just by his assessment. It's kind of scary they sell distressed fakes, unless you didn't buy it that way
I use the Sigma wands for anything above one oz troy. They work better on the bars.
Yankee, I noticed in both the picture and on your fake eagle, the "1 OZ" on the real and the "1 OZ" on the fake.
Ping test seems to be one of the better ways for coins/rounds. It just requires good hearing, which I think is sad, because of course not everyone has that good hearing, for high pitched things, especially as we age. I dont really like bars personally, I think they are easier to fake.
The peace dollar was hard to tell until I saw that it was the key date
It's very difficult for the -chinese- counterfeiters to get both the weight and dimensions correct. A simple quick test catches a lot of them
Yankee is absolutely SpegTaculars today 🙄 Good show man ✌
I used the app and let it record the ping test and it passed even with your voice talking over it. impressive. got a good deal on a sigma OG direct from them for less than a grand so ill be glad to have that in my arsenal.. go course I was like "I coulda gotten a healthy bar for that money ha ha."
Specific gravity is my “go to” test. It’s free and the most reliable test out there.
@YankeeStacking
3 жыл бұрын
It’s a fantastic way to test too! I should have mentioned it.
@SilverTreasures
3 жыл бұрын
@@YankeeStacking The seldom pieces that “may need” further testing are far and few in between thus justifying the extra effort it requires. If someone is sooo paranoid that they’re testing every piece then they need to find a different dealer lol. Specific gravity saved my a$$ one time, after I had bought the iconic .99999 fine gold “super leaf” maple 1 oz coin. I didn’t even suspect it was fake, but I was testing a palladium panda (which was 100% real) and thought since I have everything set up I’ll test the maple and a couple other pieces. At first I thought user error so I reset everything. Test was identical to the first. I began freaking out and grabbed my Buffalo (which I know is authentic) just to make sure. And sure enough the Buffalo came back as pure gold. Tested the maple again and got the same bad result ... I took it to my bullion dealer to get the xrf results and it came back as 16k gold. VERY STRANGE... but it made sense given the consistent results of its specific gravity.
The detail on the fake silver eagle was way off.Having said that watching other videos on this helped me.Your video was spot on and Wil help me out hope you make more.One thing I would like to add is to know your coins and compare to a coin you know is legitimate.
The Royal Canadian Mint had a problem with counterfeit bars that were in counterfeit packaging A couple of years ago! Beware of every purchase!😱👍
Thanks for covering this, Yankee. There's a lot of new folks in the silver space and it's good to cover this stuff for them. 👍🏻
Can you do a show on testing silver and gold for the apocalypse?
Thanks Yankee! I have six silver Morgan dollars that fail the Sigma Analytics but pas the Ping, Weight and Measure, the Magnet, I have no slide. I am at a loss but I think I got these from a jewler just don't remember. Its about $180 loss but not sure how to protect myself in the future.
I only buy from my local coin shop.
I was thinking about buying the $2000. tester. I bought a Buff instead. If my finances keep growing there might be one in my future. Then I could test stuff available locally. As for now I only buy from SDB, CMI, Apmex and JMB.
There's a ping app for the iPhone as well. CoinTester. Works GREAT!
@YankeeStacking
3 жыл бұрын
Are you sure it’s not only for an android phone? I’ve looked for the app on the iPhone for a while now
@SilverGoldStackAttack
3 жыл бұрын
@@YankeeStacking - Positive! I have it on my iPhone XR. From your phone, Google "Precious Coin Tester" without the quotations. It should come up for you!
Thanks for taking the time to make this video. I have a Peace dollar that was weighing heavy by . 3 grams, after seeing your coins come in heavy, I felt better. I did the Android ping test and it is supposedly genuine. What are some explanations why a peace dollar would be heavy?
@LordPhan
2 жыл бұрын
They err on the side of slightly over rather than under.
Digital calipers and scales will help sniff out most fakes!
I have my one fake ASE stuck to my fridge door... almost worth what I paid for it to have that nice looking thing where I can see it regularly.
What do you think about Yeagermeister Bullion Bars?
Larry Lee! RIP
Requesting info for purchase of good, dependable Neodymium Magnets. Thanks.
I do specific gravity testing, I have a scale that measures to the 0.1 gram, and can weigh a coin underwater vs not underwater. I don't know how reliable it is, but it seems like it's matched up well so far.
I need to get a sigma, i don't have a ton of it yet but as i dollar cost average and buy more over time it is going to matter.
@hankgamer3965
3 жыл бұрын
>he fell for the DCA meme
Ahh I see you figured it out old man haha. Tricked us with this a couple days ago👴👴
@dvdm4709
3 жыл бұрын
Sorry forgot to add some ♿♿ haha keep up the good vids dude
@dvdm4709
3 жыл бұрын
@@timothypanfilomaruchan8267 it's gone now shhhh shhh it's ok, take daddy's hand ✋
Can you do a video on the kinesis mint ma'at goddess 1oz 9999 round/coin? It is a beautiful coin and not so expensive.
I am still team gloves! 🧤
The local coin dealers here in FL cost more than the online prices!
You often referr JD bouillon. Do they test everything they sell?
Look at the color difference between that is how I could tell
I got robbed by a coin dealer to the tune of several hundred dollars... There are so many pitfalls with coin collecting I wish I never saw a coin...
@sdfv4zx
2 ай бұрын
That is how coin shop make their money.
Some of the really good fakes are real silver in the collectable coins in the rarer coins and hard to tell so then you have got to look at the features on the coin like the date and dentrills and reeded edges!
Do I only have to enter the MONSTER BOX CONTEST once this year or can I enter every time I see/hear about the contest??????
For the price of the machine you could buy a lot of silver from reputable dealers like Tim and pay quite a bit more for it even and still come out better. Dealers who really have a lot of people bringing them silver definitely need the machine though. Yankee probably needs one too but he's the exception when it comes to stacking.
What is that iphone app called to check the sound?
I like to test for specific gravity.
What is proper etiquette while in a towing shop to check points for being real