How To Spot Fake Coins? I seldom use physical cash since I started earning online, but before I was also a victim of fake coins. Good thing that I never had the fake paper bills like what had happened to my former boss's friend. And believe it or not, the money was even from the ATM machine of a bank inside its own shopping mall, but that's another topic. In my case, I got the first ever fake coin when I checked my coin purse one time. I'm not sure anymore where did I get that so I just kept it in a box for fake coin collections, haha! Mag-ingat mga fake at fave ko kayo. And more fake coins spotted from our store customers before but I chose not to tell and return it to them, for I know some were not honest and will just pay it again to others. Unless if I knew them personally, they will just add money and will never ask me to return the fake one. It's better to lose some amount than to let these fakes victimize more people. I accumulated more than 200 pesos or $4 worth of fake coins but atleast I can sleep well at night. So far after that, the circulation of fake coins somehow stopped, but for sure in some areas fakes still continue to spread. And hope after reading this post, you can help me spot more fake coins. According to philmoney. blogspot. com, even the Central Bank never thought that some syndicates would bother to mint fake 5-peso and 10- peso coins, after they seized 5 million pesos worth of 10-peso coins. The amount minted for 10 pesos seized were in 5 million so the 5-peso coins I kept were just few of the fakes! How to spot fake coins: 1. Fake coins are dated either 2001 or 2002 but as you can see in the photo below, I have 1999. 2. Fake coins stick to magnets because these are made of steel, while the real coins are made up of an alloy of aluminum, copper, nickel, and zinc. 3. Fake coins tend to rust. The real ones don't, because of their metal composition. 4. Fake coins are lighter, again because they are made of different metal. 5. Fake coins are not well minted. If you look closer, the details are not clear and text are bigger than the real ones. Possession of fake coins is actually illegal. I need to surrender these to the nearest bank, but I have other real coins much bigger in amount than fake ones and with another issue. Besides, I'm just helping them to stop the spread. Fake coins have no refund so I don't want to waste more money and time, unless there is an assurance that they will refund me of my real coins. Credit to philmoney. blogspot. com
8 comments
Pati coins pala may fake.. ang hirap naman niyan i identify isa isa lalo na sa may mga tindahan.. salamat po sa info..
Kung alam mo na ang kaibahan at base sa photo madali na yan sis ma identify. May new 5-peso coin na mn eh at mahirap na yun i-peke.
I consider that you are talking about "crypto fake coin " haha.. People has become very disbeliever. We should avoid from such people... I hope that you will refund your money
There's a lot of fake nowadays, even our friends haha! For now, no assurance to have a refund since I can't confirm the news I saw about the real coins. And I seldom use physical cash, so I will just keep or think of what to do with these later on.
I haven't encountered fake coins sis or baka di ko lang pinapansin. So atleast now mapapatingin na din ako.. parang masyado nakaembosed yung mga letters sa fake. Let me check, may piso wifi pa naman kami, dami kp binibilang na 5 pesos na old
I'm happy to know that now you know the difference between fake and real coins.
Wala pa akong na-receive na fake coins, huwag na lang sana hehe.. kasi di ko naman magagamit. Salamat sa pag-share mo kung paano malalman na fake ang isang coin.
Mas makapal pala ang fake