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Fake American Eagle Silver Coins Surface

Thursday, February 7, 2013 20:01

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By Paul Gilkes Coin World Staff
Posted February 4, 2013

A counterfeit 2011 American Eagle silver bullion coin recently passed as genuine at a coin shop in Toronto contains no silver, but does contain a trace amount of gold in its composition.

Andrew Greenham from Forest City Coins in London, Ontario, Canada, obtained the counterfeit from a second Toronto dealer who had acquired 10 examples from yet a third, unidentified, Toronto dealer, who was duped into purchasing the pieces from an unidentified seller, as genuine silver Eagles.

It is unknown how many counterfeit 2011 silver American Eagles were passed as genuine and whether fake silver American Eagles bearing other dates are also in the marketplace.

U.S. Mint spokesman Michael White said Jan. 26 that Mint officials were unaware of the counterfeits. White said he forwarded to the U.S. Secret Service information provided by Coin World about the counterfeits. The Secret Service confirmed being contacted by the Mint.

On Jan. 26, Greenham posted on the Numismatic Guaranty Corp. Collectors Society online forum (boards.collectors-society.com) images and some details about the counterfeit. He posted the information he had obtained in order to educate others about the existence of the counterfeits in the marketplace.

Greenham subsequently had the counterfeit subjected to spectrographic analysis Jan. 29 and provided Coin World with a copy of the results.

According to the University of Chicago website at UChicago.edu, spectrographic analysis is a noninvasive process where chemical elements are determined by measuring the wavelengths or spectral line intensity of a sample of matter. “Spectroscopes break down the light emitted or absorbed by chemical elements into specific lines of color,” according to the website.

M ORE HERE

Wow,I was shocked to see this.Last year we had the fake gold bars turing up,now this.It probably wouldn’t hurt to invest a few bucks and get the kit they sell so you can check your coins to make sure they are the real deal.

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Comments

Total 12 comments

Anonymous

govt itself is pouring these into the market to discourage small time investers- easier way to dtrip them of PMs than door-to-door confiscation. everyone must be ocmpliant with the fiat scam

Feb 8, 2013, 6:15 am 0 Reply
Anonymous

Another reason to stay with junk silver coins. Nobody is counterfeiting 1952 dimes.

Feb 8, 2013, 7:57 am 0 Reply
Cap-Z-ro

” Fake American Eagle Silver Coins Surface ”
…………………………………………………………………………………………………………………………………………..

And why not, the president is also a fake ?

Feb 8, 2013, 1:23 pm 0 Reply
ElOregonian

It just means real ones will be worth more.

Feb 8, 2013, 5:57 pm 0 Reply
tanon

It’d be awesome if you could actually see the picture of what the counterfeit coins look like… worthless

Feb 8, 2013, 7:50 pm 0 Reply
- tanon
  
  pun not intended
  
  Feb 8, 2013, 7:53 pm 0 Reply
Anonymous

this is just stupid .. .

it says the content includes ➤ 50.4753 percent nickel ‘

SO – nickel is magnetic !

easy to detect fake !

use a magnet

the ‘sheeple ‘ are SO stupid . . . . .

Feb 9, 2013, 2:04 pm 0 Reply
- Joerg Klaemt
  
  I fully agree with you.
  No need for metal detectors or spectral analysis only a simple magnet will pick up the 50% Nickel
  Coin. How stupid can the Minter get.There are other Materials that are harder to detect.
  I suppose a spectral Analysis is for forensic purposes.
  
  Feb 9, 2013, 7:46 pm 0 Reply
Pharisees.org

Secret Service protects Federal Reserve bank notes which silver coins are in competition with so the SS response is tepid and they may not do anything.

/watercooler-topics/2013/02/nwo-black-pope-speaks-2431588.html

Feb 9, 2013, 6:38 pm 0 Reply
- Joerg Klaemt
  
  ???????????????????????????????????
  
  Feb 10, 2013, 2:12 pm 0 Reply
Chief

easy, buy junk silver – NOBODY is faking that

Feb 10, 2013, 3:42 pm 0 Reply
Anonymous

Close-up of coins at:
http://www.coinworld.com/Articles/ViewArticle/fake-american-eagle-silver-coins-surface

Feb 10, 2013, 4:09 pm 0 Reply

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