How to Spot Fake Gold Coins

No matter the status of the economy, precious metals are often in high demand. Gold, specifically, is a valuable resource. Whenever a commodity is in demand, though, there will always be someone out to make a profit by counterfeiting it, often by alloying it with less precious metals. While fake gold, particularly in coins, can be troublesome to ferret out, there are some relatively simple ways to check that gold is real.

1.Test the gold coin with a magnet. If the gold coin is in fact a base metal coated in gold, the magnet will attract the base metal. This won't happen with genuine gold.

2.Rub the coin with a jeweler's cloth. If the coin is plated, then a few harsh rubs will peel back the gold coating but won't harm genuine gold.

3.Place the gold coin in a sterling silver cleaner solution. Brass is often plated to look like gold, and the coin will be shiny at first. Once this cleaner is used, the coating will tarnish after a day if the gold isn't genuine.

4.Once a gold coin has passed any one of these three tests, its validity as gold should no longer be in question. Performing all three tests is a bit excessive but shouldn't harm the gold if it is real.

5.Check the depictions of coins. If a coin is genuine gold, but is supposed to be an antique coin, check the facts. American double eagles are pictured in a large variety of reference books, as are Spanish doubloons. Make sure that the markings, portraits, dates and language add up when checking the authenticity of a gold coin purporting to be worth more than its base metal.

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