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View Full Version : Silver Coins Scams...BEWARE


Wthomas229
07-02-2020, 11:03 AM
Silver American Eagles.

If purchasing Silver American Eagles from an unknown source (especially the Internet/Facebook) BEWARE, there are fakes out there and they are extremely good, especially posted at very low prices. I am pretty sure these came from China. They will pass most tests, including the magnet test. Please be AWARE.
Below is a sample...on the left the coin is fake (listed at $9.98). on the right the coin is legitimate. The only thing I found different to denote the fake, on the reverse of the coin, look at the “U” in United. The left has a rounded bottom, the right has the vertical edge on the right of the U.

alwann
07-02-2020, 12:05 PM
Thanks for he alert. Do the "fakes" actually contain silver?

Doro22
07-02-2020, 12:11 PM
Thank you. Good info.

John41
07-02-2020, 03:08 PM
Thanks for the “heads up” on the fake silver coins. With the turmoil in the securities markets some will think silver and gold will be a safer investment.

NoMoSno
07-02-2020, 08:50 PM
Also beware of fake China gold
china gold fraud: China's biggest gold fraud, 4% of its reserves may be fake: Report - The Economic Times (https://economictimes.indiatimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/articleshow/76707339.cms)