Silver and gold are non-magnetic precious metals, so if you are able to stick a magnet to your coin that is a dead giveaway that you have a fake American Silver Eagle in your hand. GOLD GAuGE uses a novel approach for verification that is both non-destructive and capable of detecting hidden impurities missed by density measurements. A genuine one-ounce American Eagle gold coin is on the left. Possible from another coin I guess. These counterfeit gold coins were found unexpectedly among a group of US coins freshly returned from Europe. Size, weight, and metal content of the Gold Double Eagle. You can also purchase a replica of the redesigned 1933 Double Eagle — only about 20 of the originals managed to avoid the directive issued by FDR to melt them down into bars during the Great Depression. How to Identify Fake U.S. Gold Eagles. Counterfeit Gold Coins Flooding Global Markets In 2015, an elderly man spent $84,000 on counterfeit 1 ounce American Eagle Gold Coins, and a doctor spent $750,000 on counterfeit gold coins. For the most part, rare and semi-rare gold and silver coins have been pulled out of general circulation and they now circulate in a different and more expensive market. I have 1 gold eagle I got from the LCS. US Double Eagle $20 Gold Piece (Fakes are possible) 1849 to 1907. If you have a set of calipers, you can measure the diameter and thickness of the coin to ensure your American Silver Eagle measures up to the standards of the United States Mint. Legitimate US Mint coins have straight-edge tops (for example, 3) to the numbers in the date mark, while most counterfeits have a curved top on letters (for example, 3). Sea or air shipment for mass production with door to door service Others Samples charge as mould charge and freight for samples will be on buyer's expense. The American Gold Eagle is an official gold bullion coin of the United States. Examples include the 1849 Liberty Head Gold Double Eagle, which Congress authorized in the wake of the California Gold Rush. JavaScript is disabled. Gold (.999 fine) is not magnetic. The people are responsible for the character of their Congress. In reality, you get the same thing every time, an inferior product for a cheaper price. The alloy we see most frequently used for fake gold coins is substandard gold, for example fake sovereigns are made in the middle east and marked 21ct (but in Arabic), and we believe these are usually approximately 21ct, as opposed to 22ct gold. GOLD GAuGE authenticates 1oz American Eagles, 1oz South African Krugerrands, and 1oz Canadian Maples . Recently purchased 2014 Silver Eagle on the web and 1986 Silver Eagle from local dealer whom I’ve used since I started collecting about a year ago or two. Check the diameter and thickness of any gold coins you’re considering buying. A lot of fake American Silver Eagle coins have larger rims and edges. From shop Featureshandmade. The AmericanGold-Plated Silver Eagle adds the luster of 24-karat gold to the Silver Eagle. This series accounts for approximately 40% of all counterfeit gold coins received by PCGS. Production of counterfeit gold coins and bars is a thriving industry in China. Alert members of the PCGS Message Boards were the first to notify PCGS of the counterfeit coins/holders. After that she did a nitric acid test, then used some expensive looking electronic gizmo which she said actually penetrates the metal. Fake gold pieces may have a heavier weight but also be too large for the weight to match the weight of real gold. Counterfeiters have seized upon this difference to make fakes that are actually the correct weight in gold, but are fake nonetheless. 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