Wednesday, October 10, 2018
Spotting a Counterfeit Coin
Loren Wesley Vankirk serves as the CEO of Vankirk Electric in Winder, Georgia. When he has time away from work, Loren Wesley Vankirk enjoys coin collecting.
Since counterfeit coins are a common issue in the world of coin collecting, all collectors must be able to spot a fake without too much trouble. Some counterfeits are easily spotted. In many cases, fake coins have casting seams around the edges.
Beyond that, some counterfeits have hole markings or designs or textures that aren’t associated with a particular coin. For example, smooth edges on a coin that should have fluted edges indicate that the coin is counterfeit.
If collectors can’t spot any visible problems with a coin, they can check the coin’s weight. Counterfeit coins made of silver or gold rarely weigh the same as genuine coins.
The difference in weight may be because counterfeit coins are made of different metals. The incorrect metals may attract magnets or conduct heat differently than genuine coins.
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