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Tungsten filled AGE's

MeltdownMeltdown Posts: 8,792 ✭✭✭✭✭
The seam should be visible inside the reverse rim with a good 10X loupe. Thanks for the warning to keep an eye out for these altered coins.

Comments

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    So, what led the buyer to the discovery they were altered?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Now that is different... and a lot of work....wish I could examine one in hand. Any magnification pictures of the edge?? Cheers, RickO
  • Coin FinderCoin Finder Posts: 7,166 ✭✭✭✭✭


    What was the tell?
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭
    The scheming mind knows no clear path to an honest days work for an honest days' wage.
  • ShadyDaveShadyDave Posts: 2,199 ✭✭✭✭✭
    Originally posted by: Meltdown

    I shop I frequent had a guy call last week with 5 AGE's he wanted to sell. He locked in the price over the phone and showed up about an hour later.

    3 of them ended up being milled & filled with Tungsten. Looks like a pretty damn good job too. 1 of them even passed their spectro-anaylizer thing.

    All of them ring pretty dead with the ping test... They confiscated the 3 and the guy who is a fairly regular buyer/seller swore he knew nothing.

    I took some crappy phone pics but these are real AGE's with the Tungsten superglued inside... When snapped together tight, you can't really see the seam, they're pretty damn legit looking.





    It looks like the weight is 34 grams (as seen in picture above) would be the easiest giveaway. Depending on the quality of the workmanship, the seam or cuts could be another obvious giveaway.



    What I'm interested in knowing is what the "spectro-anaylizer thing" is....is it a Sigma Metalytics Precious Metal verifier?
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Obviously these could be all across the country, but where did this particular case happen?
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Originally posted by: ShadyDave

    Originally posted by: Meltdown

    I shop I frequent had a guy call last week with 5 AGE's he wanted to sell. He locked in the price over the phone and showed up about an hour later.

    3 of them ended up being milled & filled with Tungsten. Looks like a pretty damn good job too. 1 of them even passed their spectro-anaylizer thing.

    All of them ring pretty dead with the ping test... They confiscated the 3 and the guy who is a fairly regular buyer/seller swore he knew nothing.

    I took some crappy phone pics but these are real AGE's with the Tungsten superglued inside... When snapped together tight, you can't really see the seam, they're pretty damn legit looking.





    It looks like the weight is 34 grams (as seen in picture above) would be the easiest giveaway. Depending on the quality of the workmanship, the seam or cuts could be another obvious giveaway.



    What I'm interested in knowing is what the "spectro-anaylizer thing" is....is it a Sigma Metalytics Precious Metal verifier?




    Standard weight 33.931 grams of 22KT gold. A reading of 34 grams on a scale like that is not going to show anything.





    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    What was the weight of the tungsten plug? That will show how much 22kt gold is missing.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    It looks like the weight is 34 grams (as seen in picture above) would be the easiest giveaway.



    weight is actually 33.931, why would a difference of .069 on a store scale be an easy giveaway??
  • messydeskmessydesk Posts: 19,965 ✭✭✭✭✭
    Originally posted by: CaptHenway

    What was the weight of the tungsten plug? That will show how much 22kt gold is missing.


    So would weighing the remaining gold without the plug.
  • Coin FinderCoin Finder Posts: 7,166 ✭✭✭✭✭
    A AGE should ring when hit on the rim, if it did not that could be a tell....
  • ashelandasheland Posts: 23,190 ✭✭✭✭✭
    Originally posted by: TwoSides2aCoin
    The scheming mind knows no clear path to an honest days work for an honest days' wage.


    Very true!
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    Originally posted by: PerryHall

    The seam should be visible inside the reverse rim with a good 10X loupe. Thanks for the warning to keep an eye out for these altered coins.




    Also the reeds would have to line up exactly, if anyone bothered to look.
    theknowitalltroll;
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    since gold is heavier than tungsten it would seem that more tungsten would have to be added than gold that was removed. When it comes to comparing tungsten weight to gold weight (they are very close) scale accuracy is paramount. If the accuracy of the scale pictured is not in question, then the difference in what was measured and what it should have been would have been an indicator that further analysis/visual inspection was necessary. Detecting tungsten filled bullion requires a very precise and accurate quality scale.

    Also the reeds would have to line up exactly, if anyone bothered to look.

    Pics appear to indicate coin was machined just inside the reverse rim, not on the edge.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MeltdownMeltdown Posts: 8,792 ✭✭✭✭✭
    The machining was just on the inside of the reverse. You can see the seem in the photos because the coin was forced open. As I understand it, it was nearly invisible when brought in and the plug was super glued inside. The machining was very precise/professional.

    Also, they did not "ping" like a real eagle does... I tried it myself, they just sounded dead.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    So, how did the buyer initially determine there was a problem with them?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MeltdownMeltdown Posts: 8,792 ✭✭✭✭✭
    They test everything. 2 of them did not pass their analysis machine and 3 of the 5 did not ping.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Originally posted by: Meltdown
    They test everything. 2 of them did not pass their analysis machine and 3 of the 5 did not ping.

    Was the analysis machine a sigma PMV? Testing everything is a good thing.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MeltdownMeltdown Posts: 8,792 ✭✭✭✭✭
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Originally posted by: Meltdown
    Yes it was.

    My experience with the sigma is to test both sides of a coin or multiple locations on a bar and to do so with more than one probe. If enough gold thickness was left on the side of the coin that was read by the sigma, then the sigma would not see a problem. I like the sigma, so far.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Originally posted by: derryb

    since gold is heavier than tungsten it would seem that more tungsten would have to be added than gold that was removed. When it comes to comparing tungsten weight to gold weight (they are very close) scale accuracy is paramount. If the accuracy of the scale pictured is not in question, then the difference in what was measured and what it should have been would have been an indicator that further analysis/visual inspection was necessary. Detecting tungsten filled bullion requires a very precise and accurate quality scale.



    Also the reeds would have to line up exactly, if anyone bothered to look.


    Pics appear to indicate coin was machined just inside the reverse rim, not on the edge.




    The seam could appear on either the obverse or the reverse. The way this type of alteration works (think the two-headed or two-tailed magician coins), they destroy, by grinding out, the reverse of Coin A to leave a cup with the obverse and the reeded edge intact; they destroy the obverse of Coin B to leave a reverse and the reeded edge intact, and then they cut Coin C in half, remove the reeded edges and grind the obverse and reverse faces as thin as they can and then match them up with the appropriate tungsten-filled cups.



    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Yeah, this event is not going to improve liquidity of AGEs

    Liberty: Parent of Science & Industry

  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    Originally posted by: Baley

    Yeah, this event is not going to improve liquidity of AGEs




    I doubt this will stop anyone with a quality 10X loupe and a brain from buying AGE's. Of course buyers will actually have to take the time to examine the AGE's before they buy them.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Originally posted by: derryb

    since gold is heavier than tungsten it would seem that more tungsten would have to be added than gold that was removed. When it comes to comparing tungsten weight to gold weight (they are very close) scale accuracy is paramount. If the accuracy of the scale pictured is not in question, then the difference in what was measured and what it should have been would have been an indicator that further analysis/visual inspection was necessary. Detecting tungsten filled bullion requires a very precise and accurate quality scale.



    Also the reeds would have to line up exactly, if anyone bothered to look.


    Pics appear to indicate coin was machined just inside the reverse rim, not on the edge.




    The density of tungsten is 19.25. The density of pure gold is 19.30, but since it is alloyed gold the density of the alloy is approx. 17.5. Thus the tungsten takes up less volume than the gold alloy removed, perhaps leaving room for the glue on either side of the tungsten.



    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭
    It never ceases to amaze me the crazy things criminals will do. Good catch by the shop owner. Thanks for sharing and providing pictures. Being a coin dealer sure comes with some risks. Theft, armed robbery, doctored coins, counterfeit coins, counterfeit metal. Makes me think about the thread a week or so ago on the coin forum where someone was asking about pricing coins who wanted to be a dealer. Hope they think about these types of things as well.
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    You know how the fake silver bars are usually sold in plastic shells? I'll bet these will be offered in Capital Plastic holders or some other kind of holder that is a nuisance to open so you can check the coin.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • MeltdownMeltdown Posts: 8,792 ✭✭✭✭✭
    The tungsten plug weighed 22grams.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    Originally posted by: CaptHenway

    You know how the fake silver bars are usually sold in plastic shells? I'll bet these will be offered in Capital Plastic holders or some other kind of holder that is a nuisance to open so you can check the coin.





    You should be able to examine the inside rim for a seam with a 10X loupe even if it's in a clear plastic holder. The ring test would be a little more difficult though.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Originally posted by: Meltdown

    The tungsten plug weighed 22grams. That's all I learned today when I stopped in.




    Thanks. So just under 2/3rds of the gold is gone.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Thanks !!!
    Timbuk3
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Originally posted by: CaptHenway

    You know how the fake silver bars are usually sold in plastic shells? I'll bet these will be offered in Capital Plastic holders or some other kind of holder that is a nuisance to open so you can check the coin.





    Or fake slabs.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Looking at the process described by CaptHenway, it is a lot of work... not sure the profit margin is really worth it.... Cheers, RickO
  • Coin FinderCoin Finder Posts: 7,166 ✭✭✭✭✭
    Tungsten seems like it would difficult to work with... It is a very dense heavy metal.
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Despite the splunge, 2/3rds of an ounce of gold is still over $800. That's a pretty hefty gross profit.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • MeltdownMeltdown Posts: 8,792 ✭✭✭✭✭
    Hey guys. I decided to take down the posting for now while the matter is still being dealt with.
    The post was meant to be cautionary & informational.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Originally posted by: Meltdown
    Hey guys. I decided to take down the posting for now while the matter is still being dealt with.
    The post was meant to be cautionary & informational.

    That it was. Keep us posted of further developments.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭
    Just curious as to how tight that seam is. What would happen if you took a small beaker of water with a drop of dishwashing detergent in it to break up the surface tension and stood the coin on edge in the beaker? Would air bubble out of the seam at the top as water leaked into the coin?



    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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