Checking fake coins with a magnet.

 

Question asked: The easiest way to tell if a coin is fake put a magnet to it. I have a few now and my question is, is there any value to these coins?

Answer: Checking fake coins with a magnet is one way to check coins and if a coin get attached to it you know it's a fake if that coin should have been 99.9% silver instead.

 

But not all counterfeit coins get attached to a magnet as they are many counterfeit coins made from copper with a thin silver layer of top of them, pretending to be a silver coin.

 

If the once discovered counterfeit coin is a class A copy as described on the

"value of a counterfeit 1804 dollar" faq page then there is some value but for many other counterfeit coins there is none.

 

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