I can get down to two coins and knowing which is heavier, counterfeit or real. But I need a fourth weighing to get which coin is the fake.
Do 4 against 4.
If they balance, pull 4 off and do the other 4. If the other 4 are lighter, the fake is lighter, conversely, if they are heavier the fake is heavier.
If the first reading didn't balance, pull off the heavier four and put on the known good four (weren't weighed yet, but we know the fake was on the sacle in weighing #1). If they are also heavier, the fake is lighter, if they balance the fake is heavier.
No matter what, you now have it down to 4 coins and know if the fake is heavier or lighter. But you only have one measurement left.
You have a 50/50 shot at picking one of the coins if you pick two and weigh them against each other, or you could weigh two against two to determine which stack, but still need a 4th to determine the exact coin.