Although counterfeit coins represent a very, very minuscule portion of the overall number of coins sold, the chances of buying a fake coin are much higher when you buy online from sources such as eBay. The risk is especially high if you buy from sellers in the Far East, such as China and Hong Kong. But you can also end up with a fake coin from your local coin show, if the dealer you get the coin from buys from unreliable sources.
How do you protect yourself? Fortunately, the tools and techniques to rule out the vast majority of counterfeit coins are both inexpensive and easy to use. The toolkit starts with a simple household magnet! Learn why, and what the other basic anti-counterfeit coin tools are, in my easy-to-follow tutorial on detecting fake coins using my counterfeit coin detection kit.
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Comments
I found a 1969 s Penny. How do I find out if it is worth anything?
Thank you for this post. This is really important for people interested in buying coins. It will guarantee that the coins bought are authentic and prevent any more counterfeit coins from victimizing collectors.