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The missing edge mint error Presidential Dollars have been an exceptionally popular error! Sellers have had a hard time keeping them in stock for very long. However, we would like to make you, the buyers, aware of the potential for counterfeiters aiming to benefit from this popularity.
Reports have been coming in from the major grading services of altered coins trying to be passed off as genuine. One of the more accurate ways to identify counterfeits is to measure it's diameter and compare it to the stated specifications by the mint. However, you can easily test this by using a plastic tube for small dollars. A coin that has had the edges filed down with very easily slide into the tube and rattle around a bit. A normal diameter coin should fit the tube pretty closely.
Another tip that we received, is that a filed down coin will usually show the copper core on the edges. However, the NumismaticNews magazine has reported that some legitimate missing lettering mint errors do show some of the copper core. These do seem to show some of the zinc core. We believe that the counterfeit examples will show the copper core from top to bottom.
Bottom line is to be careful and protect yourself. Our suggestion to you is to purchase these errors certified by one of the major grading services. They will guarantee authenticity and if you find a counterfeit coin in their holders, they will stand behind their guarantees and buy the coin back.
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