Nonetheless, high grade examples are worth many multiples of their intrinsic value, which is enticing to counterfeiters. For a counterfeiter, the addition of a simple, small design element (an âSâ mintmark or âV.D.B.â initials) can make a very cheap coin appear to be worth hundreds, if not thousands, of dollars. According to a press release from the Numismatic Guaranty Corporation, the firm that authenticated the coin, the San Francisco mint produced just 268 $5 gold coins… The 2005-dated quarter-ounce South African Krugerrand labeled NGC Proof 70 counterfeit coin housed in a counterfeit Numismatic Guaranty Corporation (NGC) holder that has the same certification number on the label as a genuine 2005 PF 70 one-quarter ounce Krugerrand listed in the NGC. Counterfeits of the gold bullion coin as well as grading service holders are known. PCGS holders are made of a more brittle plastic and will always crack open unevenly and with damage. Most fakes seen today are from that era. February 13, 2019. NGC graders look for these repeating depressions as well as overall weak details to identify fakes made from transfer dies. In another case presented in May to the ACEF, a buyer was bilked out of $8,000 spent on the Mercari e-commerce platform for counterfeit U.S. coins housed in fake … Because Seller had a 100% rating, I thought I was buying from a reputable person. Counterfeit Detection: 1903-O Morgan Dollar. The next coin is an Australian 1892-M sovereign, also counterfeit. Even the most skilled coin doctor will always leave behind âtool marks,â which are lines left by the tool used to sculpt the new date. Only 10,500 mint state examples were struck by Philadelphia that year, but this is not a low mintage for the unpopular gold dollar series. “NGC is now the official … This allows an enterprising counterfeiter to buy one gold double eagle for near melt and transform it into twenty gold dollar fakes which bring many multiples of their gold value. They are created by pressing the genuine piece into a soft material, thereby creating a negative impression. Read more >, For the fourteenth coin on our list, we return to the most-counterfeited series: the Indian Head gold $2.50. NGC should be notified though, because someone is going to get soaked for $1300. With a mintage of just under 500,000 coins, the 1910 Quarter Eagle is certainly not an overall rarity, but Mint State examples are actually quite elusive. The counterfeit label text font is narrower than NGC’s font. A major topic was counterfeit NGC holders and what is being done about them. Silver tarnishes extremely quickly when exposed to an oxidizing agent such as bleach. Talk about it on the NGCÂ ChatÂ BoardsÂ >. Genuine 2011-W American Buffalo gold coin, graded Proof 70 Ultra Cameo, in genuine NGC holder. Second, and of greater concern, it marks yet another fake Morgan Silver Dollar discovery in a two-year period. The fakes are often of the correct gold content. This also happens to be the most commonly seen fake at NGC. Look for the seam; Counterfeit coins typically have casting seams, which can be very apparent to the naked eye. Thank you! Many of these coins will end up in fake PCGS, NGC, ANACS, or other grading service holders, but the majority of them are sold ungraded. Coins with numismatic value were legal to own, so if you wanted to own gold bullion at the time, you might have had to settle for a counterfeit U.S. gold coin. While this is by no means a rare date, it has still been targeted by counterfeiters looking to capitalize on the difference in value between the gold in the coin and the numismatic value placed upon it by the market. While the 1922-D Lincoln is relatively common, the 1922 No D is much more scarce and valuable. Your message has been sent to NGC. It also had the lowest mintage of the entire series, at just over a third the mintage of the elusive 1877. Learn more >, See NGC Registry Instructions/FAQs, send us a message below or call 1-800-NGC-COIN. Read more >, Once again, another issue from the Indian Head $2.50 series makes the list of the most common counterfeits. Although this date had the highest mintage of the entire series, counterfeiters could still make money by creating forgeries on planchets of the correct weight and gold content. Those photos clearly show that it's a fake. It can therefore be lucrative for a counterfeiter to target these pieces. Once again, this is likely due to the fact that many of these were made in order to avoid the gold ban in the United States prior to 1974. There are also some Perth mint and pamp Suisse fake gold bars in "tamper sealed" holders. Please refresh the page to confirm that you are signed in and then try again. This led to extensive counterfeiting of this date, especially in the Middle East in the 1970s. Read more >, The 1912 $5 gold Indian is the fifth-most commonly seen fake $5 Indian at NGC. The fakes most often seen are those that have been known to the numismatic community since the 1960s and â70s. The most common type of fake is simply an added mintmark. Therefore, many fakes seen by NGC are actually of the correct weight and gold content, but have been known to the numismatic community for decades. As is the case with other $10 and $20 gold pieces on this list, this coin was likely heavily counterfeited in the 1960s and early 1970s in order to bring then-illegal gold bullion into the United States, where gold ownership was limited to coins of numismatic significance. Not surprisingly, these tool marks are usually concentrated around the digit that has been altered. However, enterprising counterfeiters have still made fakesâmany with the correct weight and compositionâto fool collectors and pocket the difference between the numismatic value of a genuine example and the intrinsic value of a fake coin struck in gold. Electrotypes can often be extremely deceptive. The process is repeated for the other side of the coin and the two sides are then joined together. As has been the case with many of the other gold counterfeits on the list, this date is not particularly rare. On this particular counterfeit, the symbol is found inside the loop of the âRâ in LIBERTY. ACEF also is currently assisting Treasury OIG with three cases involving elderly victims who unsuspectingly bought counterfeit coins housed in fake NGC and PCGS holders sold by a telemarketing firm. Once again, the 1909 is by no means a rare date, but it is a slight conditional rarity in higher grades. Read more >, The 1913 $5 Indian has the second highest mintage of the entire series at just under 916,000 coins. Since 1987, NGC has authenticated and graded more than 48 million coins, each backed by the industry-leading NGC Guarantee of authenticity and grade. However, by this point in the series, many were saved by speculators and did not circulate, so this date is not as rare as one might think. Read more >, The 1927 Saint-Gaudens Double Eagle is the most commonly counterfeited double eagle, according to submissions to NGC. Only 350,000 examples were struck at the Carson City Mint, and many ended up in melting pots later. Read more >, Counterfeits of the 1862 gold dollar are seen just as often as those of the 1887. Once complete, the dies are heavily polished to remove the pitting this counterfeiting method typically leaves. This purported Proof 2014-W 1-ounce gold American Eagle is actually a counterfeit missing the W Mint mark. By claiming them as genuine U.S. Mint coins, they could be imported into and sold within the United States. For perspective, consider that the blue stool in the middle of the photo is a full-sized step-stool type of seat. Read more >, The 1916-D is the famous key date in the extremely popular Mercury Dime series. 9) fake coins in genuine slabs (grading service mistake). On the other hand, 1909 Philadelphia Indian head cents are extremely common. Typically my NGC crackouts result in two pristine & undamaged halves. NGC offers numerous educational resources to help collectors and dealers avoid counterfeit or altered coins. Some 4,463,000 $10 Indians were struck at the Philadelphia Mint in 1932, by far the highest mintage for the entire series. Now to get the online photo of the coin to match the fake slab that is the trick. Counterfeit Coins by Max Spiegel, Numismatic Guaranty Corporation (NGC) ..... Counterfeit 1842-O Seated Liberty Dime The design details on this Seated Liberty Dime counterfeit coin … In fact, the fake label is 99% close to perfect. But there are thousands upon thousands of different counterfeit coins. Already a member? Re: Fake NGC & PCGS Slabs of Chinese coins from ebay seller "kek02109" « Reply #6 on: December 05, 2009, 03:28:39 PM » The NGC slab mentioned in the above post was removed, two days after the completion of the listing (final value $225.50). However, it is the second-most commonly seen counterfeit double eagle at NGC. Hopefully you can leave the seller negative feedback, and use this as a learning experience. These are still seen quite often today. Dashes or hyphens on the counterfeit label are straight and square. For example, they could add an âSâ mintmark to a 1909 VDB Lincoln cent to make it appear to be the rare and desirable 1909-S VDB, or they could remove the mintmark from an 1895-O Morgan dollar to make it look like the extremely rare 1895 issue. If deemed not genuine, the coin is not encapsulated. The NGC is now the official grading and authentication service of the Anti-Counterfeiting Educational Foundation, as the groups combine their efforts to reduce fake rare coins … Some 604,000 were struck that year, making this a common date. The NGC holder and grading insert label are also fake. However, NGC has received a large number of fakes for this date as well over the years. Read more >, The 1915 $5 gold Indian had a mintage of just under 600,000 pieces. With this large of a mintage, it is a relatively common Indian half eagle. Then, please do NOT post it. At first glance, this coin appears to be an Almost Uncirculated (albeit cleaned) 1870-S half dollar worth hundreds of dollars. Read more >, With a mintage of 616,000 pieces, the 1912 $2.50 Indian is another common date in the series. Outright counterfeits are often seen at NGC as well, but are usually not as deceptive as the added mintmark examples can be. These spurious pieces may also have incorrect weights and compositions as well as unusual luster. The screen will also show the current value from NGC’s Price Guide, the Total Graded by NGC for the grade, and a link to research the coin in NGC… Before purchasing an uncertified key date coin, it … While the 1927 had a lower mintage than some of the earlier coins in the series, it is actually more common in higher grades. The most commonly seen fakes are outright counterfeits, but added mintmarks and date alterations (usually from 1944-D cents) are relatively common as well. Because these fakes are cast rather than struck, they will usually not âringâ like a normal coin when lightly tapped or dropped. Read more >, Hopefully youâre sensing a pattern here with Indian quarter and half eagles. Even though it is among the most common dates, genuine examples have long carried a premium over their melt value. This includes any and all marks, scratches or other issues on the surface of the genuine coin. However, counterfeiters have still targeted this date for their forgeries as many times people will only closely inspect key date coins. The fact that a gold dollar has less than 1/20th of an ounce of gold means that fakes are usually of the right metallic composition. They are usually the correct weight and gold content. Like counterfeits, coins with altered dates or mintmarks will not be certified by NGC. I use a vise. Read more >, The 1914 Gold Quarter Eagle has the second lowest mintage in the Indian Head series after the elusive 1911-D issue. While these fakes still deceive numerous collectors, they are well known to specialists. However, the fields, which should be smooth, are uneven and porous. As was the case with a few of the gold coins higher on this list, these fakes were often made in order to deceive collectors. Many of these old fakes, which are usually of the correct weight and gold content, are still submitted to NGC for authentication and grading today. A dash always appears as part of the NGC certification number. ACEF also is currently assisting Treasury OIG with three cases involving elderly victims who unsuspectingly bought counterfeit coins housed in fake NGC and PCGS holders sold by a telemarketing firm. Now, I can detect fake coins and fake coin holders, but I don’t want it to be a $45,000 lesson though. The Philadelphia 1916 is quite common and affordable in comparison and this gives a counterfeiter the opportunity to add a tiny âDâ mintmark to make it appear to be the rare 1916-D. Even with this large mintage, Mint State gold dollars still bring a very large premium over the intrinsic value, which explains why many fakes are actually of the correct weight. Fake 1875-S U.S. Trade Dollar Fake Coins,Counterfeit Coins,& Altered Coins Fake 1943-S Copper Lincoln Wheat Cent Counterfeit coins are created for a variety of reasons. This granularity is especially evident on the reverse of the coin below. “NGC is now the official authentication service for the foundation and its Anti-Counterfeiting Task Force. Read more >, The 1924 Saint-Gaudens Double Eagle had a mintage of well over 4 million coins. Read more >, The 1909-S Indian head cent is one of only two Indian cents with mintmarks. With assistance from the Anti-Counterfeiting Educational Foundation, New Jersey legislators are considering a law that would impose criminal penalties for anyone selling counterfeit coins … This is another common date, but one that still carries a numismatic premium. The counterfeits have the wrong gold color and luster when compared to other ZAR South African gold pieces. Dashes on the authentic NGC holder have angled ends. NGC will consider all available options to pursue those who counterfeit or tamper with NGC holders and violate NGC's intellectual property rights. The example shown was recently submitted to Numismatic Guaranty Corporation® (NGC®) and immediately caught the graders’ eyes. Nonetheless, this issue has still been heavily counterfeited. However, many old counterfeits from the 1960s and â70s are also floating around in the numismatic community. Read more >, The Philadelphia Mint struck some 915,000 $5 gold Indians in 1911. Read more >, The 1909 $5 Gold Indian is a common date for the series, with over 627,000 examples struck. Your message has been sent to NGC. This popularity had led it to become the most commonly altered and counterfeited collectible coin in the world, according to submissions to NGC. 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