Fake “Certified” Gold Coins DISCOVERED at Coin Shop WOW

this video I show off some FAKE GOLD COINS that were discovered at Harry's coin shop. Someone brought in fake slabbed gold coins and tried to sell them to the shop. The fake gold coins appeared to be certified and were even in NGC holders. The holders were fake along with the coins. Fake gold and fake silver scams are becoming more prevalent. If you want to avoid getting scammed then you need to be checking all of your gold and silver for authenticity. There are many different types of fake gold coins out there such as fake gold buffalo coins, fake Krugerrand gold coins, fake gold eagle coins, and fake pre 33 gold coins like I show in the video. one easy fake gold coins test is to see if you coin is magnetic. Counterfeit gold coins can be made out of a variety of materials so they will not all be magnetic. Tungsten fake gold coins are the hardest to detect but they do exist. I hope this video was helpful feel free to watch my video on fake silver eagles as well:

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Topics I cover in this video: fake gold coins, fake gold, fake slabbed gold coins, fake certified gold coins, fake gold coins in slabs, fake gold coins test, fake pre 33 gold coins, fake gold buffalo coin, fake krugerrand gold coins, counterfeit gold coins, counterfeit gold coin, counterfeit gold, fake gold eagle coins, tungsten fake gold coins, detecting fake gold coins, finding fake gold coins, spotting fake gold coins, how to spot fake gold coins, how to find fake gold coins, fake silver, gold scam, fake gold vs real gold, fake ngc slab, fake ngc slabs, fake ngc gold slab

#gold #goldcoins #silver

[SilverDragons]

in case anyone is wondering about the gold coins in this video: The person who brought in the fake gold coins let us film the video and then took them when he left. I have no idea where he got the coins from he said that he bought them private party and thought he could still get his money back. seems a little suspicious to me but who knows…

[williambush]

If a dealer told me my coin was fake and tried to confiscate it there would be trouble. It would be to easy for a crooked dealer to say that about a good coin and keep it.

[justdoingitjim]

I used to work with a guy who would buy silver coins from eBay. I asked him if he ever got any of them certified and he said no. I suggested some of them might be fake and this started him worrying. So, he sent in his most valuable coins for certification. Three of the ten coins he sent in were fake. He took the rest of his coins to a coin shop to get them tested and they found more fake coins. He quit buying from eBay and started buying only from the coin shop.

[tgraymk]

Confiscation seems a bit weird and not necessarily lawful. I'm not a coinshop owner, so maybe my ideas aren't the beat to go by, but at that point I'd offer a drill press test, or a call to authorities. I don't think I'd want to let an un-drilled counterfeit leave the shop, but I think taking possession of fake bullion is solely the right of the state.

[OttoMatieque]

my initial thoughts about the holders and certified coins... ironically, a sealed holder prevents you from touching and physically evaluating the coin, which might actually make it more difficult to identify fakes

[davidponseigo]

I'm a 30 plus years law enforcement officer and I have worked at different times with the Secret Service on a few cases and a shop or merchant can confiscate fake currency but not fake coins. Fakes are only illegal if someone tries to pass them off as real.

[Bubba]

Love when you’re at Harry’s coin shop!!

[MissTippiLu]

I came across a fake American Eagle coin this week at my local flea market. I explained how to test the coin with a magnet to one of the cashiers who was very surprised but I’m sure the manager knew it was fake. He saw me looking at it in the case and didn’t bother to come over to let me see it.

[auggieaxiom]

when the store owner says buy the coin not the holder and the video maker goes on to talk more about the holder... GG

[glockumollie]

Wished you would have given them the magnet test

[kennethnovak]

When you talk about fake gold coins, are they real tender that's just electroplated with gold? If so can you still use them as a regular coin? I have a friend whos brother passed away & left him with thousands of "collectable" coins. He has no clue what is real, or what is fake, what do you suggest he should do to find that out?

[painmt]

Buying one fake gold coin is absolutely devastating for a new collector or stacker, but it can usually be avoided easily if you exercise some patience and common sense.

[johnr]

Wonderful. The whole idea behind certification was to protect the hobby and help assure coins were genuine and identified correctly. Now we’ve got criminals passing off counterfeit certified coins!!!

[thinkingimpaired]

I can visualize the parking lot beggars trying pawn off fake coins for money. Coin shops might consider taking pics of the fake coins and emailing the pics to other vendors.

[CatsMeowPaw]

The proliferation of ever increasing quality fake silver and gold coins is a real concern. I attend estate auctions and have to bring along my Sigma to test every coin, as so many are turning up now. Even if an NGC or PCGS holder looks legitimate I have to test the coin, as some fakes are sealed with a genuine hologram.

[kbbpll]

Another tip is to download a free QR reader and scan the barcode. Many of these fake labels are too poor to scan, or return info that doesn't match the cert and grade (counterfeiters are not just sleazy, they're lazy). One criticism - you emphasize "buy the coin, not the holder", but say nothing about how to identify that the coin is fake. Comparing the one with the NGC images was a perfect opportunity to note that the fake coin is clearly not the same coin NGC photographed, but all you focused on was that the slab style is wrong.

[arronthomas]

Harry is a great guy. I highly recommended him. I can personally attest to his honesty.

[eprofessio]

Coin dealer says don’t get a second opinion. Sounds legitimate to me.

[markedfortime]

Anyone buying PM's need to invest in a sigma metalytics, a coin pinger and a balance tool for gold oz coins and a pocket balance. The latter three can be carried in a pocket, but are not bullet proof. All of theses tools together get you to a very high confidence level. As long as you have a phone, you should scan and compare stabbed coins as an extra measure.

[scott.c]

Love the video. But one question. I had an MS-70 silver eagle and reluctantly I had to take it to the coins shop to sell and they would only buy it for market value of the silver and not as a certified MS-70. They said it was because they certify lots of these. I was pissed at their reason. What do you think?