Counterfeit Fraud Detection

gold coins buying

Counterfeit Coins/Currency

Today, counterfeit coins are made primarily to simulate rare coins which are of value to collectors.  Sometimes this is done by altering genuine coins to increase their numismatic value.  The most common changes are the removal, addition, or alteration of the coin’s date or mint marks.

Genuine coins are struck (stamped out) by special machinery.  Most counterfeit coins are made by pouring liquid metal into molds or dies.  This procedure often leaves die marks, such as cracks or pimples of metal, on the counterfeit coin.

Here are five items a professional will use to determine if a coin is counterfeit:

  1. A simple magnet
  2. A gram scale accurate to at least one-tenth of a gram
  3. A caliper accurate to a hundredth of an inch
  4. A high-powered magnifier or loupe
  5. A reference of standards for U.S. coin types

Counterfeiters continue to use the advanced technology in printing to produce high-quality fake notes.  The mint has produced new technology to stay ahead and protect our economy.  When evaluating currency we look at the paper that the note is printed on, quality of the printing, ink used, image quality, and size of the note. Our best tools in detecting counterfeits are the feel of the note and the printing under magnification.

 

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Contact Information

Stevenson Rare Coins & Jewelry

1 Page Ave.
Suite 120
Asheville, NC 28801

Phone: 828-255-0731

We accept Visa. We accept MasterCard. We accept Cash. We accept Check.

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