Anyone must have seen reports of the collapsing economy as thousands of Americans are losing their jobs each month. With the failing financial system, many are hurrying to invest in valuable metals like bullion coins, bars and bullion. With the high demand of gold, many are taking advantage of innocent individuals by producing massive fake coins in the market.
True enough, many have been victimize by people selling counterfeit gold coins. If you are not cautious, you may end up like one of them. Following are ways on how to spot hoax.
Consider The Metal Quality Assessing the character of metal is the easiest way to tell if the coin is not authentic. Fake coins can appear dull or too shimmery. In order to tell the difference, you need to know first the quality of metal used by the original coins. The fake gold coin may perhaps have a grainy texture and appearance.
Make Use Of Magnet Magnets can help check if the coins are authentic or not. Take note that magnets cannot magnetize genuine gold coins.
Test The Coins With A Sterling Silver Cleaner Solution In a sterling silver cleaner solution, plunge the bullion coins. After a day if the coating changes in color, the coins are definitely counterfeit.
Check Even The Tiniest Detail Of The Coins For easier look up, make a list of the pure coins sizes and volume. Get your scale calibrated by grams. If a bullion coin measures a little bit on the lighter side or possibly, more than it should be, better thinks twice. Aside from the weight, check also the diameter and thickness.
Be Familiar With The Individual Facts Of Each Coins Every coin types are incomparable - different markings, dates and words. They can readily identify a fake just by looking at these data. Know that these information are crucial. A slight discrepancy can mean that the coin is fake. Also know where the image should be facing in real coins. Let's say we are looking at a 1958 US Gold dollar. It features an Indian princess wearing a feathered cap. When you count the feathers, it should total to seven. One feather less means the coin is definitely a fake.
Assess The Coins By Listening Listen carefully as the coin hits a hard surface. Experts can readily tell if the coins are counterfeit just by mere listening. Take note that gold coins will make a distinct strike, while a coin mixed with other metals will basically generate a dowdy clunk. In an ideal world, you should have a bullion coin so you can readily put side by side in between coins.
Compare Prices Before you buy any coins, know their value so that you will not be easily swayed. If he is giving you a price that is very tenuous, do not hesitate to ask. You can also check online with other resellers and see if the price of the bullion coins is at standard.
In today's deteriorating financial system, investing in gold coins is beyond doubt a smart choice. On the other hand, be certain to check the gold coins if they are genuine. Better be a smart and careful consumer than a sobbing buyer. Good luck!
True enough, many have been victimize by people selling counterfeit gold coins. If you are not cautious, you may end up like one of them. Following are ways on how to spot hoax.
Consider The Metal Quality Assessing the character of metal is the easiest way to tell if the coin is not authentic. Fake coins can appear dull or too shimmery. In order to tell the difference, you need to know first the quality of metal used by the original coins. The fake gold coin may perhaps have a grainy texture and appearance.
Make Use Of Magnet Magnets can help check if the coins are authentic or not. Take note that magnets cannot magnetize genuine gold coins.
Test The Coins With A Sterling Silver Cleaner Solution In a sterling silver cleaner solution, plunge the bullion coins. After a day if the coating changes in color, the coins are definitely counterfeit.
Check Even The Tiniest Detail Of The Coins For easier look up, make a list of the pure coins sizes and volume. Get your scale calibrated by grams. If a bullion coin measures a little bit on the lighter side or possibly, more than it should be, better thinks twice. Aside from the weight, check also the diameter and thickness.
Be Familiar With The Individual Facts Of Each Coins Every coin types are incomparable - different markings, dates and words. They can readily identify a fake just by looking at these data. Know that these information are crucial. A slight discrepancy can mean that the coin is fake. Also know where the image should be facing in real coins. Let's say we are looking at a 1958 US Gold dollar. It features an Indian princess wearing a feathered cap. When you count the feathers, it should total to seven. One feather less means the coin is definitely a fake.
Assess The Coins By Listening Listen carefully as the coin hits a hard surface. Experts can readily tell if the coins are counterfeit just by mere listening. Take note that gold coins will make a distinct strike, while a coin mixed with other metals will basically generate a dowdy clunk. In an ideal world, you should have a bullion coin so you can readily put side by side in between coins.
Compare Prices Before you buy any coins, know their value so that you will not be easily swayed. If he is giving you a price that is very tenuous, do not hesitate to ask. You can also check online with other resellers and see if the price of the bullion coins is at standard.
In today's deteriorating financial system, investing in gold coins is beyond doubt a smart choice. On the other hand, be certain to check the gold coins if they are genuine. Better be a smart and careful consumer than a sobbing buyer. Good luck!
About the Author:
No comments:
Post a Comment