The Difference Between Counterfeit & Copy Coins According to a Rare Coin Fraud Attorney
3/5/2012There are many terms that can describe silver and gold coins – numismatic, bullion, copy and counterfeit. The last two are of concern to many consumers, which is why our rare coin fraud attorneys would like to explain the difference between counterfeit and copy coins to potential investors.
Counterfeit vs. Copy
A copy coin is a coin that uses a design from a popular coin. These coins may or may not be made of precious metals, and the intention here is to replicate bullion or rare gold coins. They will typically indicate that they are copy coins, so that they do not deceive consumers.
A counterfeit coin is a fake coin that is made to intentionally deceive a buyer out of his money. Although these coins may be made of precious metals, they are generally made with only a fraction of what a proper gold coin would be made out of. For instance, the coin may only consist of 60 percent gold, rather than the proper percentage of 91.6. Other times, fake bullion coins are base metals that are stamped and plated in a precious metal.
The fake coins are sometimes hard to spot at first, but by acquainting yourself with real bullion and rare gold coins, you can help to protect yourself from becoming a victim of gold coin fraud.
If you have been a victim of a gold coin scam, call a knowledgeable rare coin fraud attorney at the Voss Law Firm at 866-276-6179. We will provide you with a free discussion of your case and a free book by coin fraud attorney Bill Voss: Coin Fraud – Is Your Investment at Risk?
Category: Rare Coin Fraud
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