2023 Silver Eagle Coin from West Point
With the year over half over (already) I'm stacking the 2023 silver eagles before they sell out.
Learning About the New Security Feature
Since the 2021 batch of American Silver Eagles, the reeding on the edge of the coin has been customized to act as a security feature.
I've been researching to learn more about this "security feature" that has been incorporated in the 2021, 2022 and 2023 Silver Eagles.
The new reverse design created by Emily Damsta will include the reeded gap enhanced security feature. As an anti-counterfeiting measure, within the reeded gap edge, there are very small spaces. Whether for future releases, the size or position of those spaces will change has not yet been determined. The Type-2 1-ounce American Gold Eagle Brilliant Uncirculated coins featuring their new reverse created by Jennie Norris will also include this enhanced security feature.
I'm not sure HOW a missing reed would deter counterfitting, but it seems as if it works. The new fake silver eagles have all the reeds intact, along with an obviously fake looking design.
Each year has moved the missing reed to a different location. Originally (2021) it was under the date, but it moved for 2022 and has moved again 2023. Even moving the "missing reed" doesn't seem like an effective "security feature" since a counterfitter can just as easily mimic that particular year's design. I suppose it would be a lot more work filing off one particular reed from every fake coin, but still.
I guess fake silver eagles are a thing. People are buying them online and when they try to sell them to a coin shop or pawn shop, it's quickly determined to be a fraud.
When it sticks to a magnet... that's all you need to know. The video (made by Silver Dragons) below is an interview with Dennis a coin shop owner, showing various fake Silver Eagles that have passed over his counter.
Thankfully, my coin passes all the tests. It's the correct weight, not magnetic, rings like silver, missing reed... and it just looks right.

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Buyer beware when purchasing online! Beautiful coin, I love the W mint mark, it's so cool!
I like that "W" mint mark too, very unique.
It kind of feels like an exclusive club, not like P, D, or S...
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I know some people who can recognize fake silver
How do you always know that?
IF purchasing from a reliable source, there's not much to worry about. The fakers are getting really sophisticated, but there are still ways to tell. If someone spends a lot of time with genuine coins, the fakes will become obvious.
The missing reed seems like an odd low tech means of security, there's got to be more to this than meets the eye. I do have my own Neodeym magnetic test to test my bullion coins.
Chipped? RFID is tiny, could be embedded in the coin, nobody would know. Chipping gold/silver has been discussed going back as far as 2017 It's old tech now, probably a lot smaller these days. In this article from 2019 the new design was implemented to accommodate what they describe as "security devices" and "anti-counterfeiting technology". Maybe I'm reading into this too much... but maybe I'm not. The words "covert" and "technology" shouldn't really be in an article about silver coins, IMO.
Maybe it's my silver foil hat speaking. :-)
Knock on wood, I've not gotten a fake yet!!
Good, I hope you never do!
Almost everything I have came from reliable sources.
I have picked up a few things off of ebay and even
then I check out the sellers reputation to hopefully
make sure to get the real deal.
Due diligence.
That got to be the lamest security feature ever, all it does is make it so that counter fitters need to do a slight update to the design
Yes, lamo. Fakers can make a small flat spot easily enough.
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