FAKE American SILVER EAGLES from Florida?
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- čas přidán 27. 12. 2023
- In today’s video I open some viewer mail and test a suspected counterfeit American Silver Eagle sent to me from a viewer! Will it pass the Sigma test???
I recently did a video with @SilverSeeker about $25,000 worth of fake gold, silver and platinum that a customer tried to sell to me in my shop! If you haven’t seen it yet, check it out here: • Man Tries to SELL Over...
Due to sales tax liabilities in some states, I am only selling and shipping to the following states:
AL, AK, AZ, AR, CO, DE, GA, ID, IA, IL, IN, KS, LA, MI, MS, MO, MT, NE, NH, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, and WY.
$500 minimum- FL
$1000 minimum- CT, MA, MD, NY, VA
$2000 minimum- CA
If you do not see your state listed above, I do not currently ship to your area.
Physical Address:
Minot Coin & Bullion
922 37th Ave SW
Minot, ND 58701
We love to hear from our viewers! Send mail to:
MCB
PO Box 1146
Minot, ND 58702
Minotcoin@minot.com
www.Facebook.com/MinotCoinbullion
#coinshop #bullion #silver #gold #silvercoins #preciousmetals #silverstacking #coin #coins #numismatics
Getting burned with fake silver hurts but it's a good education. I was burned by an eBay purchase once. Never again. Thank you, Josh! Happy New Year!
Lots of fake ASE sellers on ebay. You can tell the fraudsters because they sell fixed price, just a buck or two above spot, have joined ebay within the last 30-60 days, typically have a CA address, and they have no reviews. I report them to ebay but they’re like whack-a-moles and just pop up again under different seller accounts.
Did ebay pay you back or you ate the $
@@yourselfbch eBay gave me my money back. It's still an issue because I might have missed it if I didn't know what a real Sunshine Mint bar is supposed to look like
@@TheQuickSilver101 I have to get mine looked at now got 6 from ebay don't no if there real now. I'm new to this shit
I reported someone for selling fake eagles 🦅
The seller said it weighed 27g
I told eBay it’s a fake as it’s not an ounce
EBay declined my opinion and let the seller continue selling the fakes
They’ve sold over 80 coins some I reported this
Hurts to see so many buyers getting ripped off
I've been collecting for approx 50 years and purchasing silver eagles since 1986. I can usually spot fakes by their appearance but I always have my LCS check them just to be sure.
I feel lucky to live in a big city with an LCS that has an XRF analyzer. Silver plated brass is my guess from the color.
I was thinking the same thing
Doesn’t look like copper
I got my first counterfeit $1.00 Bill at a Tampa area Walmart as cash returned in a checkout line on Christmas Eve, this year 2023.
Prior to an expensive education, I would bet most of us were duped at some point.
More likely after
Definitely duped. Coins I bought hoping to be close to spot now appears to be worthless and just novelty value. Oh well.
Thanks Josh. Very helpful info.
Thanks for sharing Josh. Sucks he got ripped off. I been testing EVERYTHING now. Way to many fakes nowadays
Thanks, always good to be reminded that somethings are not what they appear to be. Cheers
Shavings from the fake are more the color of brass on my computer screen.
I only shop local. And if I’m suspicious about something I make them bring out the tester .., my LCS doesn’t play and they know I don’t either … I’m the haggle king
Yes I got 1 from a well known seller on Facebook. And he didn't like it when i told him.. Once again another awesome video❤❤
Always post negative feedback on any seller of fake coins even when they refund your money.
Thanks for sharing!!
I’ve been buying for about 15 years and I just recently bought my first fake eagle dated 2023. it was a private deal . I compared it to one I bought from a dealer and it was obvious. The weight was good, non magnetic. Poor strike, wrong luster and ping test was off
I buy some from a LCS, and some from actual distributors that have an ebay store, Liberty Coin, Bullion Exchanges, etc. So far, I don't seem to have any counterfeits, but you never know. I only have the ability to magnet test, ping test, weigh, and measure.
Thanks for showing the fake, more education for the young/ new stacker.
Seasons Greeting ✨🌲🎄⛄✨
Appreciate the heads up I do watch your videos and i'm subscriber to your channel.
I appreciate that
I double check at my lcs all the time. they're always willing to do so.
the Mara Lardo Mint
Try a relative density / specific gravity test. That may give you the actual metal type.
Thanks for all videos
Great points. Here’s my New Year’s dilemma, this week there’s an online dealer sale going on for random quarter ounce gold coins for $540, I was debating on buying now or waiting until the first quarter to see If prices may be lower when Fed doesn’t raise interest rates and buying then. I know the price fluctuates when they increase the interest rate or decrease it, but what happens to Precious Metals prices if they don’t move the interest rate,how does that (non move) effect the price of pm’s?
Hey Josh I served at MAFB in the 90’s. Enjoy your videos.
Thank you!! I have that ear, for the sound, of a silver coin. I was getting quarters, from a laundry mat, down the street. The owner said, no way. I said, ya I know silver, but he must have taken my word for it, because, I got no more silver quarters, but I thought it was the right thing to do. 😄
Happy New Year!!!
Happy new year!!
Ive only bought one fake.
A 50 Peso gold piece 😮 i bought it knowing it was a fake. The seller said it was lite in weight, the color was off but he didn't know anything else.
I paid under $20 just to see what it was.
It turned out to be a wax casting in aluminum, gold electroplating and wouldn't fool anyone...well maybe that one guy.
Nice example of a contemporary counterfeit and it's probably worth double what I paid.
Looks like a Typical cHyna, silver plated brass example.
Sounds like the buyer got their money back and have a few examples to learn on.
Before I bought coins I bought some trump coins, the price was really good and if I had a brain I would have realized at that to run. But I purchased, delivery was pretty fast and so I bought some more. Now looking back the price was to good to be true. If a silver coin costs x an OZ then why did their silver coin cost 1/2 that? Shitty materials. I keep them around for novelty items. Now just buy from mints.
I wouldn’t be itching for a precious metals purchase bad enough to buy anywhere other than the three online dealers that I use.
I like to go to my local gun store that has a coin shop attached to it. When I look at the coins I cannot imagine who would buy from there.
I see stories of people getting great deals at their LCS and I can’t sleep at night.
Yeah I just accept the premiums at the online stores. I have found some to be cheaper than others. I started buying at the most expensive because that was the most well known. Now I know better and buy from cheaper realists. There are delays when you purchase as they wait until your cart clears. Then you have the shipping but if you trust the site there is little risk just annoyance at the time it takes.
You cannot depend on precious metal testers all the time. They can be fooled also. You need to know who you are buying from. There are a handful of US MInt approved direct purchase dealers. Google the requirements for being a certified US Mint direct dealer of coins. The requirements are the most stringent a person can imagine. So when you shop authorized US Mint direct purchase suppliers you are buying the real deal. When you look into the feedback of online dealers you can also see that these people are right for you to buy from.
They really did not have to go through any of this. If the weight is wrong it is fake, there is no question
They got some really good fakes coming out now.... That they test right on the surface by XRF.... The weight is right..... The edge is right...... The only giveaway is the ping
Yes, I bought fake. 2023 silver eagle from sellpure. Thanks for your insights. Being a new stacker, I need all the help I can get.
Glad to help
Isn't that a federal offense to copy Sovereign coins?
Surprised the guy couldn't tell that the ping was so far off.
It probably pinged closer before it was drilled. Removing any amount of material changes the mass and resonant frequency.
Thanks Josh!!
Any time!
Thanks for the informative video on fakes. We need to be wary of what we are buying. Glad it was silver and not gold.
Very Cool Video ! 👍
Why did you not do the second test on the fake coin?
I bought 2 on facebook, I was pretty sure they were fake. The price was $19.95. They stick to a magnet. There are alot of adds on facebook. I turned them in as scams, but facebook denied my request.
That fake probably pinged closer to a real Eagle before it was drilled. Remove even the slightest amount of material it will change the pitch.
I have been wanting to buy a sigma metalytics machine for a while. Some say to buy whatever machine is available at the lowest price. Which would be the original metalytics. I'm seeing that for around $900 or so. The pro version is closer to $2K - $3K depending on the wands and if you add the bridge. I'm not interested in the investor version. With all that in mind, which would you recommend? Is the pro worth the extra cost?... Thank you for your CZcams content and expertise.
Make sure you get the wands for checking bars. It's great for less than$1000.00
I like the pro. If you are going to invest in a sigma, get the one that works best for your needs.
The walking liberty looks to flat on the fake the real looks like it's bulging out more.
I got some of those too
It's brass.
If it sounds too good to be true..
Thanks. There in ebey Australian 20/4 silver eagle. Selling monster boxes. Ripping off the worlds people
Unless the U.S. Mint is putting out fakes I feel like I am good.
The ignorance of people getting taken on these fake coins is not excusable and I do not feel sorry for them either. There are multiple "tells" that criminal counterfeiters provide in their online offerings. You have to take the time and ask yourself if the price you are paying makes sense. it costs $4 to ship up to 4 ounces by 1st class mail. eBay takes 13% of the sale price. Profit is 10% to 20%. So if spot silver is $24 how then do you buy a single ounce of real silver for less than $28 in a minimum quantity of 5 coins?
At 3:29 ... why nor compare Apples to Apples.
Only buy from well known names in the business.
Did the fakes come from EBay or a bullion dealer in Florida?
From an online site with a Florida address
Freaking fakes!
Junk silver......