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Added: Jan 26, 2012
From: lagoveride
Duration: 11:2
PLEASE SUBSCRIBE AND LIKE :) My Recent bullion, gold, silver, numismatic, morgan dollar, peace dollar buys and thoughts about exact weight fakes.
Channel: People
Tags: silver eagles bullion coins my american eagle collecting coin metal detecting certified collapse evo gold coin collecting shopping hard asset maple leaf rounds
Rating: 4.5 Views: 279 Comments: 18
lagoveride Says:
Jan 26, 2012 - @CollectingSilver The magnet test might also be good to use. well sliding the coin down a magnet. Luckily I have yet to encounter any fakes. I might pay a little extra, but I only use reputable dealers that I know on ebay when it comes to graded and ungraded coins. as far as loose mint state bullion coins and rounds and bars i just order from some of the major mints/ sites. A lot of the chinese fakes ive seen on youtube tend to weight at least a gram or more less than a real one.
CollectingSilver Says:
Jan 26, 2012 - @lagoveride Ya I forgot to mention the magnet test, all the tests pass... I also heard a lot of Americans found out about Chinese fakes and buy them now, so they can take it to coin dealers and pawn shops, sell on ebay and amazon. Im not saying not to buy them, but be careful, if thats possible. There are new videos of fake maples on youtube, and the guy try to send the coin for 10min and it was silver until he cut it in half. So lets start cutting!!! lol
lagoveride Says:
Jan 26, 2012 - @CollectingSilver I have about 20 more airtites that i need to fill now. once those are done im going to only buy graded coins that are pcgs and ngc from dealers that i know and as for bullion I think im going to buy directly from the mints. I have my eyes on those monarch 50oz and 1kilo bars. At least from a mint you get a nice invoice and you know its real no matter what. Like ive said ive been lucky thus far and gotten no fakes mainly cause i buy from big dealers online.
madbob73 Says:
Jan 26, 2012 - They can get the weight right, but they cant get weight and dimensions correct yet.
lagoveride Says:
Jan 26, 2012 - @madbob73 yes it always seems like at least one thing is always off on the ones i have seen. Just glad I havent been in contact with one yet :)
thebirdbath Says:
Jan 26, 2012 - I would stop buying the graded coins. Your paying a hefty premium for those and when it hits the fan, collectivity of a coin won't mean squat. It will all be about melt value. So buy bullion and don't be afraid to touch them. Who cares if they tarnish. Silver is silver even when it tarnishes.
lagoveride Says:
Jan 27, 2012 - @thebirdbath I hear you on that. I enjoy coin collecting though, but once i finish the remainder of the airtites i have left I am going to focus on bars for a while and maybe diversify if i get the chance. Thanks for commenting and please subscribe if you like my videos or blog. I have much more coming soon to my channel. thanks you.
rocky315w Says:
Jan 27, 2012 - I agree with your other viewer, get away from graded but try to buy junk, my favorites are the merc dime as it will never be conterfitted and it is recognizable to anyone. Try local flea markets . know a few dealers at mine and I sat with them for several months. try to get on good terms with one dealer , i have 2 of them one bullion aniother coin guy. Was able to pick up 4,000 mercs and a few hundred morgans this summer all at spot or below. and a few qtra and hal. but go junk
lagoveride Says:
Jan 27, 2012 - @rocky315w I do have some junk already. I tend to like the peace and morgan dollars the most, but as we all know many fakes are floating around. I tend to be careful. I also have some junk quarters. Sadly there arent many flea markets close to me. Im gonna have to do some research. Please Subscribe, comment, like on my channel. It would really help me out. thank you for your comment. Look forward to free bullion contests soon and additional content. thanks.
TheFirstOmegaman Says:
Jan 27, 2012 - Good Job mate.. Diversity is always good.. I have 1933-36 German Reich marks as well as US and pre 1966 Australian coins... However Bullion is best... : )Cheers
lagoveride Says:
Jan 27, 2012 - @TheFirstOmegaman Thank you for your comment. I like coin collecting more of a hobby than anything else. I am going to start collecting more bars and rounds for now. I think I have all the maples, eagles etc I want for now. I have my eyes on some nice 25 and 50oz hand poured monarch bars. I just hope that we get a nice dip so i can get them at a good spot price. I will have much more content in the coming days and weeks. please subscrbe if you like my channel. Thank you so much
TheFirstOmegaman Says:
Jan 27, 2012 - @lagoveride Sounds like a good plan...this year there is going to be many good sized dips bro...Cheers...ps I sub'd
lagoveride Says:
Jan 27, 2012 - @TheFirstOmegaman Yea I agree with you on that I know silver has always had crazy swings and I think either JPM is going to try and short it to death even further so they dont have to cover their derivatives on paper or someone will try and corner the silver market like what happened in the 80's and any huge move up too quickly will be followed with a quick move down. It silver spot can break 55 and hold it then I would be amazed at to what might follow.
TheFirstOmegaman Says:
Jan 27, 2012 - @lagoveride Well said..
msa0709 Says:
Jan 28, 2012 - Nice collection - keep stacking!
lagoveride Says:
Jan 28, 2012 - @msa0709 Thank you and thank you for the sub. Stay tuned much much more to come!.
Mikemaladar Says:
Feb 11, 2012 - I think it's better to buy with cash, in person, no? I wouldn't feel comfortable ordering online.
CollectingSilver Says:
Jan 26, 2012 - Nice video!! I did hear that they match the weight exactly, passes the sound test, passes the acid test. My local dealer told me he hates the fact that he is afraid to buy them, because you can't really tell if they are real or fake. Scary stuff.