Silver Investing Books

Thursday, March 3, 2011

How to check whether its a fake or real coins......

Ok everyone here are some gudelines to differetiate fake or real........
 
Visual inspection and Weight per Volume method
  • So if you know the coin/bar volume, you can determine the weight for it to be silver.  In practice just take an existing silver coin and compare it with new coins. If the size and weight match, this is a good indication that the coins are genuine.
  • 2 other good points to look out for:
                    i.            Coin edges should be reeded, i.e. grooved lines encircle the perimeter of coins. Reeded edges were originally added to coins to prevent clipping and counterfeiting.  
                  ii.            The quality of the coins finishing: genuine coins have a distinctive sheen to it that is neither too harsh nor too dull-looking.
  • If you don’t have a comparable item, you can compare the coin / bar specifications (size and weight) with the item in question.
  • After handling silver bullion for a while, you will develop an instinctive feeling for genuine silver.
  • Tip, if you have known silver coins, bring them along when purchasing coins and use them as a comparison.
  Weighing the silver coins
Weigh the coins as most fake silver coins are made from metal alloys that weigh less than genuine silver.
Please be aware that some coins will have very small variations in weight due to the production process but will always be at or above 1 troy ounce.  
Canadian Maple Leaf coins, for example, might vary between 31. 10 and 31.45 grams as some coins contain a fraction of a gram more silver due to the production process. 
 
 Silver Testing Kit
There are some convenient silver purity tests using acid that react with silver.  It is difficult to obtain these in Singapore as they cannot be shipped by air from USA and are poisonous. Such tests are also likely to leave permanent "test marks" and effectively only test the surface of the coin.  

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