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PeakMetrics / Fact Checks

Economy & business fact checks

Explore claims publishers have checked about economy & business. Read their original ratings and follow the evidence.

7,091 published reviews in this topic

PA MediaEconomy & business

When Labour took power this year, inflation was nearly half where it had been when the Conservatives took power in 2010.

Publisher’s rating: The accuracy of Mr Hunt’s statement depends on how he defines “nearly half”, and which month he is comparing with. Inflation was 3.4% in the month the Conservatives took charge in May 2010, and 3.7% the month before they took charge. The latest figures show that in the party’s last full month in charge inflation was 2.0%.

Bullion SharkEconomy & business

The most valuable coins are always gold or silver.

Publisher’s rating: Not entirely true. The claim that "the most valuable coins are always gold or silver" is not entirely accurate. While many valuable coins are indeed made of gold or silver, there are exceptions. The value of a coin can be influenced by several factors, including rarity, historical significance, condition, and demand among collectors. For example, the 1794 Flowing Hair Silver Dollar, made of silver, is one of the most valuable coins due to its historical significance as one of the first silver dollars minted by the United States. However, non-precious metal coins, such as the 1943 Bronze Lincoln Cent, are also extremely valuable because of their rarity and unique production errors. Thus, while gold and silver coins often hold high value, they are not exclusively the most valuable, as coins made from other metals can surpass them in value due to rarity and other collectible factors.

Bullion SharkEconomy & business

Cleaning rare coins increases their value.

Publisher’s rating: False. The claim that "cleaning rare coins increases their value" is generally false. In fact, cleaning rare coins can significantly decrease their value and is usually discouraged by numismatists (coin collectors and experts). Here's why: Damage to the Coin's Surface: Cleaning can scratch or otherwise damage the surface of a coin, especially if abrasive materials or methods are used. Even gentle cleaning can leave marks or alter the coin's natural patina. Loss of Original Patina: Many coins develop a natural patina or toning over time, which can be aesthetically pleasing and add to their historical value. Cleaning removes this patina, often resulting in a less desirable appearance. Impact on Authenticity: Collectors value coins that have not been altered from their original state. Cleaning can make a coin look unnaturally bright or polished, raising suspicions about its authenticity and originality. Market Perception: The numismatic market prefers coins in their original, unaltered condition. A cleaned coin is typically worth less than an untouched coin of the same type and grade. Therefore, cleaning rare coins generally decreases their value rather than increasing it. For collectors, preserving the original state of a coin is crucial to maintaining its value and desirability.

Mongolian Fact Checking CenterEconomy & business

Хятадаас авсан том зээл нь бүр -өөр орноос мөнгө зээлж өр хаахгүй гэсэн заалттай, ер нь зөвхөн газраар эргэж төлөх нөхцөлтэй

Publisher’s rating: Худал

The review says no Mongolian government agreement with international organizations, governments, banks, or investors can provide for repayment with territory. It also reports that the remaining use of the central-bank currency swap with China was 6 billion yuan as of June 5, 2024, after repayments in 2023 and 2024.

Factcrescendo Sri LankaEconomy & business

Income Tax Refund Of Rs 15,490 Approved For Taxpayers !!

Publisher’s rating: Misleading

The review says the message promising a Rs 15,490 refund is a scam designed to collect personal information. It reports that India’s PIB Fact Check unit called the message fake and advises Sri Lankan taxpayers to verify refund communications through official channels. [S1]