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Good afternoon my coin collecting friends.
I thought I should give you a warning about fake coins that are out there.
In chinese zodiac I am a dog. So I searched for a coin. And found some that were a lot cheaper than the $140 that The Perth Mint, who made it, was selling them for.
Here is The Perth Mint's coin.
Now here is the cheaper fake coin.
The picture of the fake coin here is frosted, but the one I purchased one for $4 dollars knowing it was fake, was shiny just like The Perth Mint's coin. because at the time. The only difference was it was for 25c and not $1, plus my fake one didn't have a years on it.
And the way you can test if it is silver (or gold), is put a magnet next to the coin. If it sticks to the coin, it is fake. If not it is silver. Same thing applies to gold coins. So you need to be wary. Even some suppliers of coins have been sent fake coins and unknowingly sold them on to customers.
Unfortunately there are scammers out there in the coin community as well.
Even making fake error coins. For example, in 2007 some 5 cent pieces were minted with the Queen's head on both sides of the coin. This coin is said to be worth around $3,000. And some scammers have apparently stuck two 5 cent coins together and tried to sell them off as the error coin. So make sure you do some research before you purchase.
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