You are watching: Are coins that say copy worth anything
What kind of bullion need to you buy? space pre 1964 silver- coins worth investing in? What around purchasing bags of “scrap metal”? have to you invest in rarely coins? What need to you consider around commemoratives coins and replica coins (reproduction coins)? each strategy has its advantages and disadvantages, depending upon what your short and long term goals might be.
Here we will certainly specifically attend to the problem of coin replicas. We will certainly look in ~ what castle are, just how to spot them, what you should know around them and also why it may be wise to just avoid castle altogether.
What are replica coins?
Coin replicas are coins the are produced to look favor an original. Back the National Coin understand Act says that imitation coins have to contain words “copy”, coins are being developed in China without concern for the regulations. Even where the word copy is used, part coins may case to have actually value they may not in reality have.
Some replica coins are produced so well, you have to look an extremely closely to distinguish it is in fact, a replica. Replicas must be distinctively different from the original however, to not be taken into consideration counterfeit.
Learn just how to avoid Costly Rookie failure & Invest in Gold prefer a Pro!Get complimentary Gold investors Guide
So exactly how do friend spot replica coins?
Genuine United claims coins will always feature the denomination the the coin like “Half-Dollar” or “Dollar”. Replicas however will generally replace those words v some type of product description like “.999 good silver” or “giant proof”. This in and of chin does not make the a poor investment; it’s just letting you know it is not legal tender.
To prevent counterfeiting issues, most replica coins are created larger 보다 the actual version, but they likewise may additionally be produced smaller. This “miniature” versions room still replica coins.
Important truth you should understand about replica coins.
This may obtain your attention: any business can produce U.S. coin replicas. They just need to monitor the rules versus counterfeiting and those in the National Coin understand Act.
Many consumers think that when they check out a coin advertised the looks favor an American coin, the must have actually been minted with some backing or endorsement of the U.S. Government. The is merely not true. Just coins produced by the U.S. Mint itself are legal tender.
Should friend avoid replica coins?
Replica coins are a dicey minefield that novices investing in physical precious steels are better served avoiding. It takes a human experienced in these replica yellow coins or replica silver coins come determine any type of true value.
See more: 1979 Various Mint Marks P D S Susan B Anthony First Day Of Issue Value
The U.S. Mint itself will not talk about the existing or future value of replicas together collectibles, and in fact, defers those considering investing in them look for out the services of a reliable coin dealer. To us, the seems like very good advice.
It is far better for a novice to buy gold and silver bullion or invest in numismatic coins. Bullion and also numismatic coins will constantly at the very least maintain the value of their precious metal content. This will certainly always provide a safety net the value, and for novices in particular, that safety and security net can be very valuable.