How to Spot a Fake Rare Coin
Do you have a particularly rare coin? Several people can have a rare coin and not know it. While others don’t know they have a rare coin worth some money. Here are a few ways to spot some obvious fake rare coins that people might sell you in the future.
First of all, you should always inspect the seam of the coin. This is where most people try to trick others into thinking the coins are real when they are counterfeit coins. However, you can spot these fake coins by looking at the seam and seeing hole markings, distinctive designs, or other textures that could e related to other series of coins.
You can also figure out a fake coin by the magnetism of the coin. This means that if a magnet is attracted to the coin you own, then it’s a fake. A real rare coin won’t be magnetized to anything, because gold and silver aren’t attracted to magnets. Those that pawn rare coins will soon figure out that they won’t get away with their crime when they go to Pawn Brokers Exchange.
How Much Are Rare Coins Worth
There are a few popular rare coins that are often faked by con-artists. These could include the 1909-S VDB Lincoln Cent, 1916-D Mercury Dime, and 1914 Quarter Eagle. The 1909-S VDB Lincoln Cent is the most popular one out there that’s faked a lot, but it will only get you about $1,000 for a real one.
The 1916-D Mercury Dime is around the same price range when sold, but the 1914 Quarter Eagle can gain you a lot more with a profit of $20,000 for a legitimate coin. Of course, several other rare coins surpass this amount of money for a single coin. Some such as Half Cent-Liberty Cap -1793- 1797 can get you from $500 – $10,000. There are a vast amount of rare coins out there those coin collectors will drool about. So, check out PawnBrokers Exchange to see if we have the coin you’ve been searching for all these years.
Pawning Rare Coins in Salt Lake City
Most people get coins from garage sales or eBay, and they might not know their real worth. Here at Pawn Brokers Exchange, we can provide the best customer service and where the best coin dealers are located. Those that want to pawn coins they own can get the best who will know how much their coin is worth and give you a great deal. If you’re going to sell your coin collection or are a collector yourself, visit Pawn Brokers Exchange in Salt Lake City, UT. We can appraise each rare coin that comes in our store at a fair price. So, don’t wait any longer to get to sell or buy some rare coins!