scyther wrote:68Camaro wrote:Dang - someone needs to create a electronic signature contact checker.
You mean like a Ryedale?
Maybe like the technique used in the comparator, yes, but with the format of a handheld contact probe.
scyther wrote:68Camaro wrote:Dang - someone needs to create a electronic signature contact checker.
You mean like a Ryedale?
scyther wrote:Damn. I hate fakes. I'm sure some exists, but perhaps it would be significantly safer to buy 40%, or maybe Canadian 80%?68Camaro wrote:Dang - someone needs to create a electronic signature contact checker.
You mean like a Ryedale?
Engineer wrote:scyther wrote:Damn. I hate fakes. I'm sure some exists, but perhaps it would be significantly safer to buy 40%, or maybe Canadian 80%?68Camaro wrote:Dang - someone needs to create a electronic signature contact checker.
You mean like a Ryedale?
Coin comparators have a hard time with silver dimes, and Andy doesn't support his machines for that purpose.
I got lucky and managed to get a good one that does pull out the 90% from clad, but even mine has its limitations. 68Camaro is on the right track that we need to build something rather than relying on off the shelf parts which weren't designed to do what we want.
beauanderos wrote:Even that's not foolproof.
IdahoCopper wrote:These are counterfeit US currency. The Secret Service and Treasury Dept. should be on this, but they are not. If we put our heads together and came up with a letter to send to all of our congresscritters, on the same day, do you think it would be enough pressure to get the SS/TD into action?
Hawkeye wrote:After looking at those fakes, I started to wonder if my approach of going through people I trust and big online dealers (APMEX and Provident, mostly) was still flawed. Just because I trust a person doesn't mean that they weren't fooled into buying a fake or just missing one in a lot. Even honest people make mistakes. And the big dealers probably aren't going to examine every single coin, especially dimes and quarters.
Maybe the safest play is to buy directly from the Mint (government or private). It might not help with reselling, but it would maybe give you a little more peace of mind.
mflugher wrote:1. Semi foolproof tester is XRF analyzer gunonly $16k each, I figure if I get 1000 of you guys to buy one I can maybe afford one at $12k
2. Buying only from mint/over paranoia...
a. In the whole thread we have had 1 confirmed case of a fake being mixed into a lot. 1 measly half in what I presume to be tens of thousands of $ face 90% bought by this community.
b. The price of not hedging against inflation is far in excess of the cost of a few bad buys.
c. The cost of a few bad buys is far less than the extra premium of buying only from "orginal" mint sources
d. When its time to sell there is no way to prove you went to that extra expense to only purchase "original" mint sources and that extra premium goes out the window.
e. By publicizing what is currently a non problem we may create more of a problem in the future... How many people here have you seen say I will not buy a bullion bar over 10 oz of silver or 1 oz of gold because of the tungsten stories, again we are talking about a miniscule portion of the gold traded and about a dozen counterfeits ruined that market. How many criminals will see this being publicized and realize this is a good idea of their next scam? Are we potentially creating more of a problem than we are averting?
Just some food for thought.
Lemon Thrower wrote:Ray, pls explain what you mean by "frontload" your stash.
personally, i'm taking advantage of the high premiums on 90% to trade into more ounces of .999, so going forward it should be less of an issue for me. I don't think the Chinese are counterfeiting 1986 Santa Claus rounds yet.
Lemon Thrower wrote:Ray, pls explain what you mean by "frontload" your stash.
tedandcam wrote:I think I'm going to do some research on Archemedes technique. I have seen another member post on it some time back and it piqued my interest then. After seeing Nate's coins, I wonder if I could have anything. Volume and weight comparison seems to be foolproof. One of my kids is going to talk to his teacher today to find a good home version of this technique. Love them kids! Any thoughts from the board on the reliability of this technique. I was kinda suprised it was the last item on the e-bay link.
mflugher wrote:1. Semi foolproof tester is XRF analyzer gunonly $16k each, I figure if I get 1000 of you guys to buy one I can maybe afford one at $12k
2. Buying only from mint/over paranoia...
a. In the whole thread we have had 1 confirmed case of a fake being mixed into a lot. 1 measly half in what I presume to be tens of thousands of $ face 90% bought by this community.
b. The price of not hedging against inflation is far in excess of the cost of a few bad buys.
c. The cost of a few bad buys is far less than the extra premium of buying only from "orginal" mint sources
d. When its time to sell there is no way to prove you went to that extra expense to only purchase "original" mint sources and that extra premium goes out the window.
e. By publicizing what is currently a non problem we may create more of a problem in the future... How many people here have you seen say I will not buy a bullion bar over 10 oz of silver or 1 oz of gold because of the tungsten stories, again we are talking about a miniscule portion of the gold traded and about a dozen counterfeits ruined that market. How many criminals will see this being publicized and realize this is a good idea of their next scam? Are we potentially creating more of a problem than we are averting?
Just some food for thought.
currencydebasement wrote:I don't buy a lot of silver and what I buy is mostly foreign. Though I feel like I have encountered a lot of fakes. I have seen fake Morgans and Peace Dollars (of course), fake Australian Florins and Fake Peruvian Sols. They came in large lots, small lots and different dealers.
Most disturbingly I once saw hundreds of listings selling common, recent date, base metal, international coin reproductions. They were marked as such. I think applying an "economic" argument to the production of silver fakes is not a good one. I can go online and order all kinds of custom metal nicknacks from China for nothing. I think getting $2 for a 2.3g piece of metal is a fantastic return for these manufacturers.
The fakes are out there, there are good ones, and you don't want to get stuck buying one. For me? I buy smaller quantities of silver from many sources. I may still get fakes but I think I reduce my chances of getting hit hard all at once. This probably won't work for you large scale buyers. Be careful, use the simple tools available to us to ferret out most of the fakes and hope for the best. That's probably all we can do.
Return to Counterfeit Detection & Discussion
Users browsing this forum: No registered users and 3 guests