It is crazy that these fakes are out there so often! But odd that the buyers partial name does not show up on the page. Image courtesy of Didier Descouens via Creative Commons. Probably looking for a quick sale not knowing gold will continue up in the short term. They are usually located in banks. I have never seen or heard PCGS’ policy for safeguarding collectors with fake slabs. i will probably run this last thing down and let it go. Fake first generation Gold and Silver coins were not very common up until the year 2000. We use cookies to give you the best experience on BullionByPost.co.uk and to customise marketing content.By continuing, you agree to our use of cookies - find out more here. For jewellery, this can also result in discolouration to the skin, after being worn for extended periods of time. Must pump them out by the tens of thousands. Issued in one ounce, half-ounce, quarter-ounce and tenth-ounce sizes, gold eagles (or more accurately American Eagle Gold Coins) are 22 karat (.916 fine) coins struck at the West Point Mint and forged from gold mined in the United States. Some fake two pound coins are unsophisticated copies that are easy to spot. It can be incredibly disheartening to hand over money for a gold coin, only to find out later that it's fake. Genuine 3-legged nickels … That is certainly the case here. I personally would only buy a proof buffalo gold coin that has been graded. Report this Post to the Staff . Only foreign coins like the South African Kruggerand were 24-k gold bullion coins. He told us that “people he knows brought it for him from the States”. How to Spot a Fake Krugerrand. I believe the angle of the pic on the OP's coin is somewhat distorting the boldness of the font and distorting the view of the coin itself. US Official 24k Gold Buffalo Coins can be purchased here. Issues with the coin image are due to low resolution and pic quality. We will concentrate on simple. . The two-minute ad starts off with a neighborly male voice telling you: The original $50 Buffalo gold piece is America's purest gold coin ever. Goldcoinbalance.com has discovered a fake Gold Eagle one ounce that passes the tests for weight, size and thickness. Often, after purchasing a fake, it is impossible to return the coin, get your money back or even trace the seller that sold it to you under false pretenses. SILVER E C-C, Nov 2, 2010 #2 + Quote Reply. https://ebay.com/itm/2017-24K-Gold-Plated-50-AMERICAN-GOLD-BUFFALO-Indian-Head-TRIBUTE-Coin-NEW/312088203985?_trkparms=aid%3D555018%26algo%3DPL.SIM%26ao%3D2%26asc%3D20160908110712%26meid%3D8a3f5533fd2c43ae891ee3dd979dae28%26pid%3D100677%26rk%3D1%26rkt%3D30%26mehot%3Dpp%26sd%3D402281237710%26itm%3D312088203985%26pmt%3D1%26noa%3D0%26pg%3D2386202%26algv%3DSimplAMLv5PairwiseWeb&_trksid=p2386202.c100677.m4598. We have contacts with all of the major auction houses, eBay included, and have the ability to have auctions removed and coins flagged. Here's what to look for in order to avoid buying fake coins. Often they are simply pressed metal discs with a painted outer ring. Fakes contain a number of giveaways when you look at the design of the pagoda on the tails side. That would make it a lot easier to find shyster sellers creating fake + FB for themselves by "buying" an item multiple times. Don’t look now, but the coin is available for sale again this morning: https://www.ebay.com/itm/2011-W-50American-Buffalo-One-Ounce-Gold-Proof-Coin-PCGS-PR70DCAM-1oz-999/164298662035?hash=item2640f6a093:g:REQAAOSw7RZfDObD. @MilesWaits said: i have to go with my experience and gut on this one but we've all seen we can be wrong from images and it would MORE than ruin my day if i found out it was a good item and the seller needed the money to get by in these desperate times, which is NO small part why i hesitate reporting things these days. Look at the photo above again. Late to the party but it looks bogus to me. A worn regular 1937-D may cost a few bucks. I see no red flags on the seller either. IMO fake... but to each their own. It took this long for me to get my membership here approved! Often, after purchasing a fake, it is impossible to return the coin, get your money back or even trace the seller that sold it to you under false pretenses. fwiw - now my suspicions about the surfaces of the indian and buffalo being off seem more legitimate. Detecting counterfeit coins or fake gold bars can be as easy as using a magnet or spotting obvious errors, but Chinese fakes are getting better as criminals based there acquire sophisticated equipment such as 3D scanners and CNC mills. Enough buffalos out there. How to authenticate, identify rare 1937-D Three Leg Buffalo Nickels, the most counterfeited key date US Coin. To try to answer you question. Bullion refers to the metals labeled as precious. It was worth purchasing to me (if I wanted it) knowing paypal protection has my back. It is easy to see why these four series of coins are copied so often. Just my opinion. Fake gold may bear a karat mark, but will not have a manufacturer’s mark. The American Gold Buffalo coin is typically struck each year in both bullion and proof, but for 2008 only there was a mintage of fractional-weight coins in this collection. Doesn't take much to make one that could look "believable" to the uninformed. In the second generation from the year 2000 to about 2015 the bullion industry saw copper colored -tungsten fake gold coins such as the Krugerrand. From established, credible dealers, you shouldn't ever need to test your coins. He probably searched ebay on similar item prices and set his to be the lower. This was a fixed price / offer listing. Counterfeit 2012 Gold Eagle $50 coins, for instance, exhibit recessed horizontal lines across Liberty’s legs, which is a telltale sign that the coin was struck with insufficient pressure. Also, notice the third feather on the Indian (how there is no detail to it at all), and look at the buffalo’s eyes & brow (how they look cartoonish). So what gave it away? Also, notice the third feather on the Indian (how there is no detail to it at all), and look at the buffalo’s eyes & brow (how they look cartoonish). Look at the difference in details on the buffalos front legs... the coin in question is all mushy and has hardly any lines. Imperfect Coins: If a bullion coin has been faked, then it should be immediately visible. Sometimes just looking at the fields under 10x is enough to condemn the silver coin as a fake, because the fields may appear rough, or have small spots of copper or other non-silver impurities that show up when magnified. What do you think? for more information. 24K February 20, 2009 Buy Krugerrands 13 Comments. Posted on December 20, 2016 Counterfeit, or “fake”, coins are pesky inevitables in the world of coin collecting but there are a number of tips suggested by the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Services (PCGS). You are correct about the coin not looking right. The font looks a little bold and there's no QR code on the back. If your gold passes all the tests below, it does not mean your piece is solid gold, it is only conclusive if it spots a fake. . But if you then take your stock portfolio and measure it in gold. Similar situation in other areas. Goldcoinbalance.com has discovered a fake Gold Eagle one ounce that passes the tests for weight, size and thickness. Gold Buffalo coins are offered in a 1 oz gold coin size. Valued Member. because i know you have a good amount of experience and are a sharp guy i will hold to 95% something is awry but 5% not. The ultimate guide to investing in GoldRead Investment Guide, The latest Gold and Silver news and commentary. Using a strong magnet, you can test gold to see whether it’s legitimate or not. 157 Posts. Sale Ends Soon: 3% off everything*Prices cut on thousands of products. Originally, people counterfeited coins with the intention of deceiving merchants and citizens with the fake currently circulating coins. This is a scary slab to see being offered for sale because I think 1 or 2 of the people that replied to this post thought the coin looked ok. Combined together, these four series account for 90% of all the counterfeit gold coins received for authentication. The American Gold Buffalo coin is considered by many gold bullion industry experts, one of the best gold coins available throughout the physical gold bullion market. You can try this at home with any reasonably strong magnet. The fact that the date and other devices are in relief instead of incuse makes me think it was never meant to be passed as a genuine example, like the coin I bought from this seller and posted in "coin chat". . The Gold Buffalo coin was the first .9999 fine Gold coin issued by the U.S. Mint and it is backed by the U.S. government. Fake gold is, though. Identifying a fake Krugerrand is not an impossible task, in fact most people can conduct some simple tests themselves and find the majority of fakes fairly quickly. We only sell gold from Gold Buffalo Coin Prices. Enough said. The Gold American Buffalo price charts above feature Monex Ask Prices per ounce for pure 24-karat one-troy-ounce Gold American Buffalo coins, currently available from Monex in units of 10 coins. Thank you for bringing this example to our attention. The slightly gold colour of this coin reveals it to be a fake. * Source: Experian Hitwise - UK Internet Visits (January 2019 - January 2020). A picture is worth a thousand words! It is crazy that these fakes are out there so often! And.... looks like it sold. So the question I now have is what role does PCGS play in removing this coin from the marketplace? It looks like you're new here. Ron Guth: The American Gold Buffalo $5 tenth-ounce gold coins were first struck in 2008, two years after the Gold Buffalo program began.Each coin is made of 99.99% pure gold The design of this coin copies faithfully that of James Earle Fraser's "Buffalo Nickel" (issued from 1913 to 1938), with the addition of the motto "In God We Trust" to the bottom left reverse. Bullion is the metals of gold, silver, or platinum when in their raw forms. Similarly, plating a cheaper metal with gold is a simple way of reducing costs, and is often done honestly with clear markings to say so, but can be used in attempts to make fake gold items. Thought it was a counterfeit basically right away! Proof gold buffalos are uncirculated coins created using specially treated dye. 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. Before buying coins, look up their dimensions on an official mint site. Pay attention to price PCGS | scrap gold Gold Buffalo Coin Prices. get a nice pr70 $50 buff for a decent price (as others mentomed) if it turns out good and have snad/ebay/paypal to back you if not. However, do not assume that just because your piece has these marks it is genuine. Font: Small variations in font design can give a counterfeit American Eagle away. This isn’t a good sign of what’s out there in the marketplace. It took this long for me to get my membership here approved! I don’t post on here very often myself, but I felt compelled to in this instance like yourself. https://www.ebay.com/itm/2011-W-50American-Buffalo-One-Ounce-Gold-Proof-Coin-PCGS-PR70DCAM-1oz-999/164296303383?hash=item2640d2a317:g:REQAAOSw7RZfDObD. Identifying real vs. fake or replica California gold is important because of value. He paid about $700 for this coin. . Seeing a fake gold coin is the lesser issue to me because there are lots of reproductions and copies out there. If you’re not sure how to spot fake gold, check the piece for a stamp, which will typically be on the clasp, or inside the band if it’s a ring. You'll also find 24/7 live gold prices as well as historical gold … is the most common of these. Pay attention to price The .9999 gold buffalo coin is legal tender and has a face value of US$50. In addition to the 2008-W ¼ oz Burnished American Gold Buffalo coin, the US Mint also prepared 1/10 oz and ½ oz coins … Many … They never show buyer information. I would stay away, something don't jive, the look of the coin is to lacking, where's the dcam effect? We have just had a customer bring us a fake gold Mexican 50 peso coin for sale. Seen this done by many sellers. i do agree i've seen some crazy things come from various imaging angles/lighting etc. Tool a foreleg on the reverse, and puff!, you have become an alchemist, changing nickel and copper into gold–literally. 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