Bullion Dealer Shows Newest Fake Gold Coins From CHINA

In this video I talk to a bullion dealer about the new fake gold coins from China. These fake gold eagles are made of tungsten and plated in gold. They weight the same as real American gold eagles but they have no gold in them. These fake gold coins are worthless, but the scammers pass them off as real gold coins. The fake gold coins are manufactured in China and sent to the USA. Counterfeit gold coins should be reported to the treasury and destroyed. If you want to avoid buying fake gold then utilize the gold tests and purchase gold from a reputable dealer. It is a crime to make fake gold coins and fake gold eagles. I have seen many different fake gold eagles over the years, but these new fake gold coins are some of the hardest to spot.

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Topics I cover in this video: fake gold eagle, fake gold eagles, fake gold eagle coin, fake gold eagle coins, fake gold coin, fake gold coins, fake gold krugerrand, fake gold test, fake gold coin test, fake 1 oz gold eagle, fake 1 oz gold eagle coins, counterfeit gold eagle, fake gold bars, fake gold bullion, testing fake gold, how to test gold, coin dealer, coin shop, local coin shop, coin shop owner, coin shop video, coin store, bullion dealer, sound money metals, how to test gold coins, fake gold coins found, american gold eagle, gold eagle coins, gold eagles, gold eagle, gold eagle coin

#gold #coins #preciousmetals

[eg]

The ring test was the reason why bank counters were made of stone in the past.
The bank teller would let jump the coin on the stone and hear the ring.
So I was told by an old bank guy...

[wildbunch]

I had a guy pull up to me at a gas station and he told me that he needed money to get home and had gold to sell. He wanted me to buy it from him. He said he was from Dubai. First thing I tried was the old magnet test and it stuck. He tried to tell me that Dubai gold is magnetic.

[TheQuickSilver]

It's nice to see Dennis in a video again. It's good to know the scams that are out there. Thanks for this, SD!

[Jack_Stacks]

I'm so glad I stopped by this shop a couple months ago. I was lucky enough that Dennis was there. He shocked me when he let me hold the gold nugget and gave me such great advice. Definitely recommend.

[MENSA.lady]

Thanks for the education. Not many dealers will be happy to admit they have a fake.

[lamarravery]

I've bought some silver from this dude before, he's a good guy.

[virgil_kane]

He was so right when he said " the treasury doesn't care about fake stuff because they would rather us buy dirty paper [ stocks, bonds, treasury notes, and fiat currency ] .

[THEDRAGONBOOSTER]

A nice bloke and a great video. Cheers from Australia..

[joenickel]

I bought $150. worth of fakes to put in a decoy safe. Just in case I'm robbed by thieves or the law (no difference now days).

[tomsrandomness]

Really appreciate you and your coin dealer taking the time to make us aware!

[objvst]

The worst thing about kids inheriting gold or silver from their father and finding out it is fake is leaving them with the memory that "Dad was an idiot investing in precious metals." OUCH! Check your stack so you won't be known as the idiot.

[tedlawrence]

There is one good thing about fake Chinese gold coins: If you buy 2 of them you get a free Shrimp Egg Roll.

[ulexite-tv]

Thanks for visiting Dennis, another fine old-time dealer! He gave us good info on the Chinese fakes, and how sad it is that that the Treasury Department does not care to enforce the law. The greatest source of fake coins recently has been the Chinese company Temu. LCS forever.

[elleelle]

💥💥💥Great video Silver dragons! Thanks for looking out for us! 🥰

[Onionpatchkid]

I love Dennis. I've known him for years. He's an honest and straightforward businessman and I've found he usually has the best deals, both buying and selling. I compare all other shops to his.

[BetoDTX.]

Great video SD 🥈 🐲 with Dennis 😊 very educational about fakes and testing metals great knowledge Dennis have love learning 😊

[chrismalcomson]

I used to deal with a lot of silver when i was an antique dealer. I got a feel for the real thing and I didn't need to see the marks to know it was solid silver. In the days when gold was normal currency they used to bite the coin to test its authenticity. I guess you can't do that with mint coins.. I've known a few fakers of antiques and it can take a level of skill much greater than the original craftsman to fool the experts.. Your advice of buying from a reputable dealer sounds like very good advice to me...

[cphipps]

If you’re ordering gold or silver American Eagles from a website in China for under spot, they’re fake. 😂

[nmarkose]

I’m glad the old and trusted way of banging the coins together keeps the scammer away!

[berriedalive]

Great video. Does it come off as disrespectful to the shop owner to ting the gold coins together to test their authenticity? I’m new to the coin world so I’m extra cautious but I also want to maintain respect with shop owners I visit.