Wednesday 28 November 2012

Some Ways To Identify If You've Purchased A Counterfeit Coin

By Earlene Reaux


Since there isn't any profile for a counterfeit coin, I check each raw coin I purchase. I've encountered counterfeit old worn coins, brand new mint coins, cheap bullion coins, and costly rare coins.

There aren't plenty of bogus coins , yet checking them is so easy that I create it a practice to check every raw coin I get. I remain to be relieved when they pass. I don't like finding counterfeit and wish they didn't exist.

Whenever I get the coin in the mail, I examine the coin through having it the "ring" test that I've mentioned in various other articles. If the coin rings and appears right , I rarely do further tests.

I also perform the ring test on the coin shop prior to purchase. I often get unusual looks from the counter person, but I decided that if there is a problem with the merchandise, I would like to bring it up right in front of the seller. I don't wish them to state I left the store, switched coins and demanded a replacement.

I try to only purchase coins from sellers who guarantee the authenticity of their product. Even at that, saying that somebody just offered you a counterfeit coin is a big responsibility. I need to make certain that the coin absolutely isn't what exactly it had been showed to be , before I go after someone for it .

In my hundreds of coin buys, I've only gone back to two sellers for selling counterfeits. I felt like I required such a strong case, that there was no doubt about the authenticity of the coin.

When I find a counterfeit coin, I'm instantly tossed into the quandary of what do I do concerning this. As in any scenario, there are some options to choose from. 1. Do nothing. 2. Contact the cops. This is certainly the same to option #1. 3. Get in touch with the seller. This could be the same to #1, or a lot more aggravating. 4. Call the counterfeit coin "Hotline" and report it.

In the end however, when you discover a counterfeit coin, it becomes your word against the seller's. It is fairly hard to prove that you didn't exchange their "authentic" coin for a fake one in order to get a totally free coin out of them.




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