Chinese silver coins for sale4/15/2023 ![]() Hansen said his company makes more than 18,000 products, with nonbullion products also being counterfeited. Hansen said sites offering the counterfeits are surfacing faster than efforts can be made to have them taken down. Hansen said pieces are thicker to bring the total weight to the standard they would be if genuinely made from pure silver. In the case of the Northwest Territorial Mint 1-ounce silver bars, the counterfeits are 50 percent thicker, at 0.126 inch, versus 0.083 inch for the genuine bars. The primary method to detect the counterfeit from the genuine piece without conducting metallurgical analysis or destructive testing is measuring the thickness. Hansen said the counterfeits are of extremely high quality. He has also contacted secondary market sites that offer the pieces in an attempt to get them removed from sale. He said he has pursued civil remedies without success and even has sent representatives to China to meet with government officials and the firms responsible for making the knockoffs. Ross Hansen, owner of Northwest Territorial Mint, said the Chinese counterfeits have posed a financial strain on his business. Sunshine Minting is also reported to be a target of the counterfeits, although the examples Davis purchased did not include any Sunshine Minting pieces. (produced for the past 10 years until December 2015 by Northwest Territorial Mint), Scottsdale Silver, SilverTowne, Engelhard, APMEX, and the Highland Mint’s American Buffalo 1-ounce rounds. The fake 1-ounce bars purchased in January by Dan Davis with Staten Island Coin Investors for $3,000 duplicate designs of genuine silver bars issued by Northwest Territorial Mint, Pan American Silver Corp. The fake bars and ingots are offered online with the description of the composition accurately described as being base metal plated over with silver.Įxamples can be purchased online well under $1 each, in quantity. The counterfeit silver bars and rounds are identical in appearance to the genuine bullion products they replicate, including stating the fineness of silver as.
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