Would you buy a $200 gold coin without XRF testing?

Discussion in 'Gold Coins' started by SuprmeLeadr, Feb 2, 2020.

  1. SuprmeLeadr

    SuprmeLeadr Member

    Joined:
    Jul 16, 2019
    Messages:
    69
    Likes Received:
    46
    Trophy Points:
    18
    Location:
    Melbourne
    Private seller, not a SS member, meeting F2F
    I know you guys know better than me re: counterfeits and other dodginess
    TIA
     
    Last edited: Feb 2, 2020
  2. madaw1

    madaw1 Well-Known Member

    Joined:
    Dec 5, 2011
    Messages:
    1,642
    Likes Received:
    1,428
    Trophy Points:
    113
    Location:
    Great Western Country
    If it's reputable seller and I know him/his credentials/-YES!
     
    harry_mr likes this.
  3. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    1,555
    Likes Received:
    599
    Trophy Points:
    113
    Location:
    straya
    i dont know of many good $200 fakes, know your stuff and should be fine.
     
    GF, leo25 and 66rounds like this.
  4. herkyderky

    herkyderky Active Member

    Joined:
    Jan 16, 2019
    Messages:
    112
    Likes Received:
    116
    Trophy Points:
    43
    Location:
    Gold Coast
    I'd say your pretty safe with $200 coins, take some scales for peace of mind - a fake of the same weight will be a noticeably thicker coin (more like a $1 coin than a 10c)
     
    66rounds and SuprmeLeadr like this.
  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,566
    Likes Received:
    977
    Trophy Points:
    113
    Location:
    Northern NSW
    ^^ This.
    You will know a $200 fake if you see one.
     
    66rounds likes this.
  6. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,948
    Likes Received:
    2,020
    Trophy Points:
    113
    Location:
    Melbourne
    Especially if you have one in hand to compare to
     
    leo25 likes this.
  7. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,599
    Likes Received:
    3,052
    Trophy Points:
    113
    Location:
    Australia
    I've never heard of a fake $200, but if you've seen a real one, a fake would be very obvious.
     
  8. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

    Joined:
    Apr 15, 2010
    Messages:
    5,004
    Likes Received:
    455
    Trophy Points:
    83
    Location:
    Melbourne
    22k is hard to fake convincingly as it's hard to plate 22k. I've seen fake 22K krugerrands, but the plating scans at 24k. Dead Giveaway and too goldy coloured.
     
    66rounds likes this.
  9. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,256
    Likes Received:
    1,609
    Trophy Points:
    113
    Location:
    wa
    I have handled thousands of them, I have checked them all with a pmv. never have I seen a fake and I have seen most gold faked (most the time badly) but never in all my time have I seen a $200 gold coin faked.
    and yes, if you have handled a number of them previously you will be comfortable with knowing what they feel/look like , but if you are new to them either go to a coin show/shop and handle some to get a feel for them or buy from reputable sellers like captain kook, me, wrcmad, spannermonkey, bobble, aurora etc (don't be offended if I didn't mention you, I just grabbed a few examples)
    the further along in coin collecting the more likely you are to be exposed to fakes so having knowledgeable people to talk to will save you long term
     
    XB, jultorsk, SilverDJ and 5 others like this.
  10. yuripuka

    yuripuka Well-Known Member Silver Stacker

    Joined:
    Jun 7, 2017
    Messages:
    631
    Likes Received:
    1,136
    Trophy Points:
    93
    Being in Melbourne If I had any doubts then i would do my f2f at either bullion now or Goldstackers.

    Either one of them would be happy to test the coins for you.
     
    66rounds and serial like this.
  11. Acorn

    Acorn Active Member

    Joined:
    Dec 22, 2012
    Messages:
    257
    Likes Received:
    70
    Trophy Points:
    28
    Location:
    Australia
    I have yet to see a fake Aussie $200 gold coin.

    Has anyone got a photo of a fake one they can post?
     
    66rounds likes this.
  12. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,112
    Likes Received:
    984
    Trophy Points:
    113
    Location:
    North Sydney
    If you have a $10 scale and a real $200 coin to compare than you can’t be fooled
     
    Last edited: Feb 10, 2020
    66rounds likes this.
  13. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,106
    Likes Received:
    1,344
    Trophy Points:
    113
    Location:
    Australia
    Same here, never heard of or seen one.
    Given that they were last made 30+ years ago, and they basically aren't that popular, I guess no one has bothered to counterfeit them, let alone the ones in boxes.
    That makes them a great coin to hold at near spot IMO.
     
    serial and 66rounds like this.
  14. Acorn

    Acorn Active Member

    Joined:
    Dec 22, 2012
    Messages:
    257
    Likes Received:
    70
    Trophy Points:
    28
    Location:
    Australia
    My thoughts exactly SilverDJ. To me they are a very reliable and well known coin to stack.

    Back in the early 1980’s when I was paid fortnightly, I’d buy some gold every payday from my LCS.

    Back then, I wasn’t a fan of $200 coins as they were too expensive. I could get a full Sov for approx $130 or a $200 for $240, the then going price.

    Then, 8 gm of 22ct gold for $130 was way better than 10 gm for $240.

    Now, I’m an equal fan of both. The good thing about $200s is that they aren’t worn or counterfeited and are really well known.

    regards

    Acorn
     
    66rounds likes this.
  15. pennys

    pennys Member

    Joined:
    Jan 30, 2020
    Messages:
    48
    Likes Received:
    27
    Trophy Points:
    8
    Location:
    Qld
    Maybe selection bias but I'm seeing far fewer 1981 relative to 1980 and 1982+ and I'm taking into account 81 was only unc.

    Early coins had thinner edge than later. Same volume though. Same diameter.
     
  16. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,948
    Likes Received:
    2,020
    Trophy Points:
    113
    Location:
    Melbourne
  17. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,112
    Likes Received:
    984
    Trophy Points:
    113
    Location:
    North Sydney
    Different coins had different words too, if you have one to compare that one will know it is gold lol and weight matches up
     
  18. pennys

    pennys Member

    Joined:
    Jan 30, 2020
    Messages:
    48
    Likes Received:
    27
    Trophy Points:
    8
    Location:
    Qld
    My comment was about being less dense. Put a koala against a platypus and it's not unreasonable for person to think the latter fake.
     

Share This Page