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| Above, an ad advertising Canadian Maple Leaf coins that turned out to be fake. |
A few years ago, two friends and I bought some purported silver coins through an ad in Facebook. The price of each coin was hard to believe. The old saying, "if it sounds too good to be true, it probably is" rang true.
When I received the coins, I noticed that they looked different from the silver coins I already had. Then, I tried the "magnet test" on them. Silver does not react to magnets, but the coins I bought did. That's how I knew that they were counterfeit. These originated from China.
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| Above, my magnet test of a fake Morgan dollar. Photo by Armand Vaquer. |
MSN has posted an article on how to test if a silver coin is real.
It begins with:
Whether you’ve inherited an old collection, found coins at a flea market, or are starting to invest in precious metals, knowing how to identify genuine silver is essential. Counterfeit silver coins are increasingly sophisticated, but there are reliable ways to spot fakes without damaging your coins. Here’s a detailed guide on how to tell if your silver coin is real.
To read more, go here.
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