Sadly, counterfeits sometimes find a way into a collectors’ life, and the best way to avoid fake coins is to arm yourself with as much knowledge as possible while also trusting your gut. Outside of that, we have compiled a short list of the best ways to avoid counterfeit coins.
1. Avoid sellers from China
With fake coins on the uprise, especially in recent months, online shoppers are urged to avoid purchasing from sellers based in China. Many of the fake coins circulating over the internet have continuously been connected to sellers based in China.
2. Know that size does matter
When purchasing a new coin for your collection, one should be aware of an authentic coins dimensions including weight, thickness, and diameter. If the numbers are not adding up, it’s best to begin trusting your gut and walk away from the potential counterfeit item.
3. Never throw caution to the wind
If the deal seems too good to be true, it probably is. Try your best to avoid being taken advantage by taking all details about the purchase into consideration. If the description isn’t matching the photo or the incredibly rare coin is priced far lower than what it should be, chances are it’s a fake.
4. Get to know your dealer
Research the company you are about to do business with. How reputable are they? How long have they been in business? Are they affiliates of the American Numismatic Association or Professional Numismatists Guild and therefore are held rightfully accountable for the items they sell? These are all questions you should have the answers to before drop your hard earned cash on your next collector's item.
5. If you can, always buy certified coins
Buying certified coins will give you the piece of mind that you are getting exactly what you are paying for. You can also verify the certification number through third party graders such as PCGS or NGC before completing the purchase.
Did you enjoy this read? Try Five Valuable Coins That Could Be Hiding In Your Change
Since 1979, Bellevue Rare Coins has been a trusted, family-owned business serving the Greater Seattle Area with locations in Bellevue, Lynnwood, Issaquah, and West Seattle. Specializing in gold, silver, diamond, and jewelry purchasing, in addition to dealing in rare coins. We now offer a vast selection of fine, vintage and custom designed jewelry. Visit anyone of our three friendly locations for the best deals selling or buying.
Copyright 2016 KING