He buys dimes. He believes the tiny silver coins will be easy to trade with when silver skyrockets.
A by-product, IMO, is that there's not a whole lot of dime counterfieting going on...at this point
Re: Fake 90% silver coins.
Posted: Thu Nov 04, 2010 7:33 pm
by TXBullion
Oh yes I think I remember something about that , plus they dont really carry a premium so you are getting more Ag for $ unless they are slick.
Re: Fake 90% silver coins.
Posted: Thu Nov 04, 2010 8:17 pm
by blackrabbit
Thanks for posting this. Essential knowledge for silver bugs. I've bought fake crap on e-bay before, be suspect of old French large silver coins as well.
Re: Fake 90% silver coins.
Posted: Fri Nov 05, 2010 11:29 am
by walt2727
Thank you for posting.
Re: Fake 90% silver coins.
Posted: Fri Nov 05, 2010 12:45 pm
by rainsonme
I bought some old chinese "silver" coins in San Fran last year, knowing they were probably fake. They looked really good; very much like silver; had proper markings on them, were old and a little worn. And a magnet stuck to each of them.
Re: Fake 90% silver coins.
Posted: Fri Nov 05, 2010 1:13 pm
by Dvorak
I'm overly paranoid about this, so I appreciate the lesson. Even when you buy from someone you trust completely, you never know who they might have got them from. I doubt there are many folks that can say they got their Morgan straight from the mint (GSA aside).
Re: Fake 90% silver coins.
Posted: Fri Nov 05, 2010 8:19 pm
by rainsonme
Just to add to the paranoia, most coin shops don't spend a lot of time inspecting their junk silver. They just dump it into the bin, or quickly roll it. So even if I buy from a coin shop I trust, I can't expect they've inspected and weighed each piece of junk coin I am buying for melt. I suppose the higher the price of silver goes, the lower down the denomination scale the counter-fitting will go. That might mean dimes would be the last 90% denomination to be polluted with counter-fits ---- or not; it might take a much more sensitive scale and caliper to determin a fake dime.
Re: Fake 90% silver coins.
Posted: Fri Nov 05, 2010 8:34 pm
by rambo_k9
Correct me if I'm wrong but don't the Chinese fakes have a decent amount of silver in them? Surely not mint grade but at the same time there is silver in them. Anyone know or melt one to see?
Re: Fake 90% silver coins.
Posted: Fri Nov 05, 2010 8:37 pm
by Thogey
The last chinese fakes I bought were Chinese coins. They were beautiful.
They stuck to a magnet like a fly on .....
Re: Fake 90% silver coins.
Posted: Fri Nov 05, 2010 8:47 pm
by Ardent Listener
Thogey wrote:The last chinese fakes I bought were Chinese coins. They were beautiful.
They stuck to a magnet like a fly on .....
Much like fake Chinese medicines, no side-effects. In fact, no effects at all.
Re: Fake 90% silver coins.
Posted: Mon Nov 08, 2010 12:59 pm
by BOHICA
I was at the coin shop yesterday and did not buy any dollars as I could see they were of two different thicknesses. I'm really leery of them now.