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| Above, the two fake coins I bought two years ago. Photo by Armand Vaquer. |
Fake coins are still being foisted upon the unwary public. Many of them originate from China. The old tried and true magnet test isn't as reliable as it once was. That was how I found that coins I bought through an ad in Facebook two years ago were fakes. Counterfeiters are starting to use non-magnetic metals for their fakes.
Since then, I now only buy from reputable coin dealers.
Greenfield Recorder posted an article on how to get your money's worth when buying coins.
It begins with:
GREENFIELD — Coin experts across the region are sounding the alarm about an influx of fakes manufactured in China and infiltrating the U.S. market.
Chinese-made counterfeits of collector and circulating coins are more rampant than ever, according to the American Numismatic Association, having greatly improved in their deceptive quality since the 1970s. Still, many are relatively easy for a trained eye to detect and having a piece evaluated by an knowledgeable businessperson or graded by a professional company is the best way to avoid getting shortchanged.
To read more, go here.
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