Users' questions

Are there fake silver coins?

Are there fake silver coins?

Looking at enough real silver eagles, will give you a trained eye to easily spot the fake silver coins. A dead giveaway is the edges of the coin or reeding. If there are no grooves or reeds, there is a 99.9% chance it is a fake since minted coins non-reeded (errors) are extremely rare.

What Chinese coins are silver?

Silver Dragon coins, also sometimes known as Dragon dollars, are silver coins issued by China, Japan and later Korea for general circulation in their own countries.

How can you tell if a silver coin is real?

Real silver tarnishes very quickly, which means it turns black when exposed to oxidizing chemicals. The acid test requires an acid testing kit. A silver coin will stay a certain color (silver-blueish), while fake silver will turn a different color depending on the metal used to counterfeit the coin.

Is it legal to make replica coins?

No, replicas are not legal tender. Under the U.S. Constitution, only the federal government can mint legal tender coins. Replicas of U.S. coins cannot be exchanged as legal tender or used as money. Does a business need permission from the U.S. Government to produce replicas of U.S. coins?

Is selling fake silver illegal?

Counterfeiting is illegal in the US – and so is knowingly buying counterfeit goods. The Department of Homeland Security states: It is illegal to purchase counterfeit goods. Bringing them into the United States may result in civil or criminal penalties.

What is a Yi Yuan coin?

They are part of the Chinese Yuan Renminbi coins series. The People’s Bank of China started issuing these 1 Chinese Yuan coins in 1999. This newer version of the 1 Chinese Yuan Renminbi coin features a chrysanthemum flower. The nickel plated steel 1 Yi Yuan coin weighs 6.10 grams and measures 25mm across.

Are old Chinese coins silver?

Traditionally, Chinese cash coins were cast in copper, brass or iron. In the mid-19th century, the coins were made of 3 parts copper and 2 parts lead. Cast silver coins were periodically produced but considerably more rare. Cast gold coins are also known to exist but are extremely rare.

Will a magnet stick to a Morgan silver dollar?

The weight of an uncirculated Morgan silver dollar is 26.73 grams. Precious metals, such as gold, silver, platinum and palladium aren’t magnetic, so if your coin is attracted to a strong magnet, such as an earth magnet, then you can be sure that it’s fake.