The major worry for all the investors is the purity of the metal they are buying, if they are real or counterfeits. This worry gets multiplied for the first-time buyers who are adopting the new online shopping methods. Luckily, it is not easy to make fake gold and silver coins, whereas determining the authenticity of gold or silver coin is a simple low budget.

Given above are some of the simple tests to identify fake gold and silver coins:

Khanna gems of the best gemstone manufacturer in banglore will let you know about how to identify fake gold and silver coins.

SIZE AND WEIGHT

Fake coins will be too thick or too large in diameter. You can compare the thickness and diameter of the coins for knowing the genuineness of the coins.

RUST AND FLOAT TEST

Put your gold or silver coin in the water. Fake gold or silver coins will float in water. On the other hand, real gold is heavy and it will sink. Fake gold or silver coins may rust as well.

SKIN TEST

If you are experiencing discoloration on your skin while touching gold or silver coins, then they are not real gold.

ACID TEST

There are some acids available in the market that can change the color of gold or silver coins, sometimes this discoloration could be permanent.

MAGNET TEST

Silver and Gold coins are non-magnetic, therefore a simple magnetic test might catch a fake gold or silver coin.

“PING” OR SOUND TEST

Silver and gold coins sound duller when struck in comparison with a base metal coin. Some iPhone and Android apps are available in the google play store, which listens to the sound utilizing a microphone and identifies providing an accurate result if your gold or silver coin is genuine or fake.

You can perform these tests for identifying the authenticity of your gold or silver coins and can save yourself from the frauds.