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

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

  1. SuprmeLeadr

    SuprmeLeadr Member

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    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

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    If it's reputable seller and I know him/his credentials/-YES!
     
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  3. dozerz

    dozerz Well-Known Member Silver Stacker

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    i dont know of many good $200 fakes, know your stuff and should be fine.
     
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  4. herkyderky

    herkyderky Active Member

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    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)
     
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  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    ^^ This.
    You will know a $200 fake if you see one.
     
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  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Especially if you have one in hand to compare to
     
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  7. JulieW

    JulieW Well-Known Member Silver Stacker

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    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

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    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.
     
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  9. serial

    serial Well-Known Member Silver Stacker

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    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
     
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  10. yuripuka

    yuripuka Well-Known Member Silver Stacker

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    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.
     
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  11. Acorn

    Acorn Well-Known Member

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    I have yet to see a fake Aussie $200 gold coin.

    Has anyone got a photo of a fake one they can post?
     
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  12. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    If you have a $10 scale and a real $200 coin to compare than you can’t be fooled
     
    Last edited: Feb 10, 2020
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  13. SilverDJ

    SilverDJ Well-Known Member

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    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.
     
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  14. Acorn

    Acorn Well-Known Member

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    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
     
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  15. pennys

    pennys Member

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    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

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  17. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    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

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    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.
     

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