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If you have purchased some silver and can’t get rid of that little voice in your head that keeps saying what if they are fake silver coins …
We’ve ranked them from the least to the most effective methods in detecting counterfeits. (Most of these tests can also be applied to gold as well).
1. Magnetic Test
While many fakes can easily pass this test, silver as well as gold bullion for that matter are both non-magnetic. If a bullion coin or bar sticks to a magnet you can easily throw this one out. Fakes that are produced with any iron or steel content in them will give off some magnetic attraction and identify itself as a fake. Metals that have a core of zinc, copper, lead or other non-magnetic metal will not be detected by this test.
The stronger the magnet the better, a neodymium magnet (grade N52) should be able to detect any iron or steel based metal. Be careful these magnets are extremely strong, fun to play with too! If it sticks it tricks. You can pick them up on amazon.
2. Magnetic Slide Test
Continuing on with magnets, another test you can to spot counterfeit silver is using a magnetic slide. Simple and easy to build, this is a fun way to instantly spot fakes without any complicated testing.
How it works: even though silver is 
non-magnetic it has a property known as diamagnetism. This causes silver to repel when in contact with a magnetic field. So real silver moving down a magnetic slide will move slower than fake silver. A fake will move down the slide with no resistance. Check out the video below, it’s actually pretty cool:
3. The Ice Test
Cheap and easy to do, getting some ice from the freezer is a simple way to test both silver coins and bars for authenticity. All you need to do is place the ice on the silver and watch.
The ice should begin to melt immediately, this is because silver is the best conductor of heat for all the metals. Below is a chart on thermal conductivity amongst popular metals. You will see that silver tops them all even including copper which is the most popular metal to use. This makes it extremely useful in electronics and as an industrial metal, check out 101 uses of silver, and you will see how useful this metal really is!
4. Dimensions Test
This type of test only applies to bullion coins from government mints. Since the most popular is the American Silver Eagle, we will take a look at that particular coin. You can view the specs of the Silver Eagle below: