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Spot Counterfeits Silver Coins using Rare Earth Magnets

With thousands of counterfeit/fake/replica coins coming out right now, it would be practical for the collector to ensure that they are purchasing the authentic ones. A fake silver coin can be quickly detected using a neodymium rare earth magnet. Here’s how… Hold the coin at an angle of 45 degrees, place the magnet at the … Continue reading

Official vs Private Overprints

Technically, an overprint is the additional layer of text or graphics added to a banknote after it has been printed. Official overprints are those which are recognized and formally released by the Banko Sentral ng Pilipinas (BSP) to celebrate a particular event. Private overprints on the other hand, are those made by private groups on demonetized … Continue reading

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