Just getting into this myself. The place I spoke to said they get it straight from the mint. How would they test it though? They told me since they get it from the mint, they trust it's legit.
They have ways of testing the metals to make sure. You can even do it yourself at home if you want to buy a spectrometer or a specialized precious metal analyzer. The good ones will cost you some money, so it'll all depend on your pocket depth.
I wouldn't fully trust the magnet slide as they have been creating very good fakes as of late.
Whoever you are buying from, ask them if they have any guarantees of the metals they sell. If they are buying directly from the mint, you should be good, but you need to verify that as well.
He means it's primary silver,not secondary purchased from retai seller and resold. Unless it's a shady pawn shop in a really bad part of town,that also sells crack pipes,I would trust them.
Some coins have security features, like the krugerands I mentioned above,they have micro engraving on the coin,that can only be see with a 10 x or so magnification
Also silver can be picked up and dropped in your hand,it has a very distinct sound.
If your really concerned about it,order online from the big dealers,one of the best deals out their is ordering online from Walmart, they just have apmex ship it,and it's actual cheaper from Walmart than apmex.
Just getting into this myself. The place I spoke to said they get it straight from the mint. How would they test it though? They told me since they get it from the mint, they trust it's legit.
They have ways of testing the metals to make sure. You can even do it yourself at home if you want to buy a spectrometer or a specialized precious metal analyzer. The good ones will cost you some money, so it'll all depend on your pocket depth.
If you're going for silver, you can cheaply test it with a magnet slide. This will show you what I mean: https://www.youtube.com/watch?v=8gLB2uMAMYM&feature=emb_title
I wouldn't fully trust the magnet slide as they have been creating very good fakes as of late.
Whoever you are buying from, ask them if they have any guarantees of the metals they sell. If they are buying directly from the mint, you should be good, but you need to verify that as well.
I watched that video. I had no idea that a magnet would do anything to silver coins.
Pretty cool right?
Very much so! I thought it would have to contain some iron to do that.
Alright, thanks.
He means it's primary silver,not secondary purchased from retai seller and resold. Unless it's a shady pawn shop in a really bad part of town,that also sells crack pipes,I would trust them.
Some coins have security features, like the krugerands I mentioned above,they have micro engraving on the coin,that can only be see with a 10 x or so magnification
Also silver can be picked up and dropped in your hand,it has a very distinct sound.
If your really concerned about it,order online from the big dealers,one of the best deals out their is ordering online from Walmart, they just have apmex ship it,and it's actual cheaper from Walmart than apmex.
Thank you.