Ohio coin dealer reports receiving eight counterfeit American Eagle
1-ounce gold bullion coins of different dates from among 120 coins
submitted by a New York dealer.
Herres from Dollartowne in Bellbrook, Ohio, said the shipment
containing the counterfeit coins was received May 22 from a longtime
customer who did not know the eight coins were fakes until notified by Herres.
said the eight counterfeits — one dated 1988, one 2001 and six 2009
— were determined to be fakes when he used an electronic precious
metals verifier. Herres said he has been using the detection device
since 2014 when he received a counterfeit 2003 American Eagle gold
piece that had been submitted in a genuine 14-karat gold jewelry bezel.
said while the eight counterfeits are more coppery in color than
genuine American Eagle 1-ounce gold coins, the quality of the
counterfeits is superior to others he has handled or otherwise seen.
The recent eight counterfeits all weigh the proper weight of 33.931
grams, Herres said.
said he does not know the metallic composition of the fakes, since the
dealer who submitted them asked for their return.
said packaging for the shipment of 120 coins that included the fakes
comprised five U.S. Mint tubes of 20 coins each and a non-Mint tube of
20 coins. The eight counterfeits were housed in the non-Mint tube,
American Eagle 1-ounce gold bullion coins are currently retailing for
between $1,250 and $1,300 each.
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