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There is abundant evidence that a well designed, well managed, gold standard is better adapted than a monetary standard managed at the discretion of elite civil servants to maintain price stability and strong economic growth. ~ Ralph Benko Mr. Benko supports the creation of a government-designed, government-run, and government-enforced gold standard. I do not. This is because [...]

Fake Chinese coins are becoming an increasingly severe problem in the coin collecting hobby. The PCGS grading service recently purchased fake coin dies and counterfeit Chinese coins at an online auction. See what they bought and learn how to avoid becoming a victim. About.com Coins: What’s Hot Now

Anybody can detect counterfeit U.S. coins using five simple, inexpensive tools. A Simple Magnet How to use: You will need a strong magnet to detect small amounts of iron. Hold the magnet near the coin and see if they attract, even a little bit. If the magnet sticks to a U.S. coin, the coin is [...]

Welcome to Coin Update! We are back with another fresh round up of coin collecting news and articles from around the internet! First, a closer examination of the record breaking annual sales for the American Silver Eagle. Also, 2010 proof silver eagle premiums, coin market report, US Mint proof sets, the first million dollar coin, [...]

It seems to be the more I read, the more of a major problem the coin collecting community has. It seems that the counterfeit coins that have flooded the market are so good that an average collector and even knowledgeable dealers cannot tell the difference. View full post on All Coin News

Welcome to Coin Update! We’re back for another round up of coin collecting news from around the internet! First, upcoming gold and silver coin issues from various world mints. Also, challenge in numismatics, counterfeit detection information, the 1942/1 Mercury Dime, street sweeper coin discovery, BusinessWeek on gold’s evangelist, 100 Greatest U.S. Error Coins, awards for [...]

There are now so many fake £1 coins in circulation the Royal Mint could be forced to scrap all of the coins and reissue the entire denomination. Their warning came as new figures indicated there were £41 million fake £1 coins in Britain – one in every 36 in circulation. This is a record level [...]

This proof 1878 Shield Nickel looks pretty at first glance, but a more careful evaluation reveals that it’s a fake. The old saying, “When a thief kisses you, count your teeth,” can be applied to the world of business in many useful ways. And when it comes to counterfeit detection, it is also surprisingly apt, [...]

Many U.S. numismatic items have been counterfeited or otherwise imitated over the years, some so often that authenticators such as myself are automatically suspicious of them. Near the head of this list are the Indian Peace Medals issued by the United States government from the 1790s up to 1890, of which perhaps 90% of the [...]

Urban legends have a nasty habit of spreading once their seed has been planted. It appears some carelessly made remarks from a local Toronto merchant that were followed by a report on a television station investigating those remarks may have initiated the latest concerns blossoming into a numismatic urban legend that Canada’s “toonie” coin is [...]

A rare-coin dealer is suspected of selling counterfeit coins at a collectibles show at the Antique Warehouse, 1122 Tittabawassee in Kochville Township, held on May 15, State Police Detective Sgt. Gary L. Thomas of the Bridgeport Post says. “The person that purchased these started to think about how good a deal he got on some [...]