Thursday, December 21, 2017

THANKS TO THE SIMPLE MAGNET AND THE GRAM SCALE

Gems N' Loans Coin Center Trivia



IF ANY OF YOU COLLECTORS DO NOT HAVE 
A MAGNET TO TEST POTENTIAL COIN PURCHASES,
GET ONE IMMEDIATELY!


OVER THE YEARS I HAVE SEEN NUMEROUS
COUNTERFEITS--OF ANY COIN A THIEF WOULD 
HAVE CAUSE TO THINK HE COULD SELL.

MOST OF THESE COUNTERFEITS ARE MADE OF
NICKLE, WHICH IS VERY MAGNETIC. SILVER AND
GOLD ARE NOT MAGNETIC. THE NICKLE TRADE 
DOLLARS I CAME ACROSS WOULD "LEAP" OFF THE
COUNTER TO GET TO THE MAGNET. SO DID THE
"CC" MORGAN DOLLARS.  THESE COUNTERFEITS
LOOKED VERY GOOD. 

THE SECOND GREAT WAY TO WEED OUT COUNTERFEITS IS TO CARRY A SMALL PLASTIC
GRAM SCALE. LOOK UP THE GRAM WEIGHTS.
MORGAN AND PEACE DOLLARS BOTH WEIGH 
26.7 GRAMS.  THE FAKE ONE I AM USING TO 
COMPARE WEIGHS 19.0 GRAMS. 

I KNOW MANY OF YOU LIKE TO SCOUR THE SWAP MEETS AND THE LIKE.  JUST REMEMBER THAT 
THE INSURANCE THAT A MAGNET AND A GRAM SCALE
COULD GIVE COULD SAVE YOU FROM BIG
LOSS.

 

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