Posted on 03/21/2006 1:45:55 PM PST by Travis McGee
If I can't convince you of how easy it is to tell the difference between a real Krugerrand or Eagle etc and a fake, then I don't know what to say. One weighs double the other. Plus, I've never seen or heard of counterfeit Krugerrands etc, have you? Perhaps you can point me to examples. A minting machine which could exactly duplicate a known gold coin would cost over six figures, minimum. Cast coins would be spotted at a glance, a cast fake can't come near the detail of a struck coin. Then, after you have spent 100s of thousands on your minting machine to make fake gold coins, your lead core fakes would still weigh only half of the known weight of real gold. A simple postage scale would be all the technology required to tell a fake from a real coin. In fact, you can tell in your hand the difference in weight, gold is almost double the weight of lead! Really, this is not a problem. This easy discrimination is one of the reasons gold has been preferred for coinage over thousands of years, it can't be faked. You just can't pack an ounce of lead into the space occupied by a one ounce gold coin, try as you might. It's pretty basic.
Well, I agree that you could tell. And I've been 1400 feet underground in an active gold mine, and found and held it, so I know.
But like I said, there's alot of suckers out there!
"Should be easy. I'll be here, waiting."
Have fun with your waiting.
Ping
Great. It's not often I get someone to so clearly admit he has no answer. Thanks.
Yes and the gram scale is the bottom line. Nothing weights the same as an ounce of gold. Absolutely impossible to forge a Kruggerand or any of the gold coins and get away with it/as long as you have your gram scale handy.
Buying your coins from a respected coin dealer is the way to go.
But we have a different President now.
When Clinton took office, the stock market was on its way up.
He enjoyed the benefits of the dot.com bubble which lasted through the 1990's and had nothing to do with his being president.
When Clinton left office, the stock market was on its way down.
Djf, as I just stated, any person interested in buying gold coins (or silver bullion, etc.) doesn't have to worry about conterfiets or being cheated in any form or fashion. All one has to do is simply look in the Yellow Pages in their city under Coins or Coin Dealers and simply drive to their businesses. Coin dealers have scales if you want them to weigh the coin / coins. End of story. / Bttt
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