Massive FAKE Silver Scam Operation - BUYER BEWARE
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- čas přidán 9. 07. 2024
- In this video I talk about all of the fake silver that is now flooding into the bullion marketplace. This massive silver scam has been going on for years, but it is getting worse. The new fake silver coins are much better than the old fake silver coins. I talk about all of the fake American Silver Eagle coins that are now out there. It is illegal to sell these fake silver coins, but the companies from China don't care. Many people have been scammed by these fake bullion dealers and I want to put the word out there. I have seen fake silver bars, fake silver coins, and fake silver bullion before , but never anything this good before. The fake silver eagle that I purchased weighed correctly, was not magnetic, and even had the silver eagle security feature duplicated. The silver eagle did not end up being silver I believe it is made out of copper and silver plated. Please share this video so less people out there will be scammed in the future.
Fake GOLD at the Coin Shop?
• Fake “Certified” Gold ...
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Topics I cover in this video: fake silver, fake silver coins, fake silver coin, fake silver eagle, fake silver eagles, fake American silver eagles, fake silver bars, fake silver bullion, silver scam, silver scammers, silver eagle, American silver eagle, American silver eagle coins, fake silver eagle coins, not real silver coins, silver investing, silver stacking, fake silver eagles from china, fake silver eagles on ebay, fake silver eagle dollar coins, counterfeit silver, counterfeit silver eagles from china, fake 2023 silver eagle, fake 2023 silver eagle coins, fake silver eagle security feature
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I bought 5 of these in an ebay auction. If this happens to you, the one thing you DON'T want to tell eBay is that they're counterfeit. Ebay makes you jump through all kinds of hoops and they take forever to refund your money. Instead, you should say that the item was not as described. I claimed that they were mislabeled as ASEs but, they were actually theatrical props. I returned the fakes and had my money back in about 5 days.
Did you look at the dealer history or location?
@@theambiguoustruth8167 The guy had a decent rating and several hundred auctions
Thanks for sharing, I like buying from my local coin exchange. Person to person they have been in business for many year's. Even then I would have to get a second opinion just in case a fake got through them some how.
When they sale 10 for $168.00 it's hard to pass until you get them and check them yourself. I'm trying to get money back Now, Mexican Aztec Coins which are beautiful.
I bought through Ebay and they refunded no problem just took a bit. I just clicked that they weren’t as described, and when it asked for an explanation I said they were counterfeit and posted a photo of them stuck to a magnet. It gave me a label to send them back and I sent them, but they came back to me. Then I contacted Ebay and said they came back to me and I think they were scammers, and Ebay refunded my money. It didn’t require a lot of hoops, but it took time doing it that way and probably wasted more of Ebay’s money, but I didn’t see how to report it without going through the prescribed channels on the website. 🤷🏼♀️ Lesson learned I guess.
Anytime I see fake silver ad's on social media. I report and block them.
I report them all the time also and facebook has never removed a single one, they don't care so long as they are getting paid to run the ad
Everyone needs to make money. Chill out
Why would anyone want to trade a FAILING CURRENCY for Precious Metals?... cant help but think there's a new alloy that replaces the demand for Silver.. like Stainless Steel for jewelry...
And u know they're fake bc it says so
@Bob Frantz no, I know they're fake because you can't buy an ASE for $20 online. Hello red flag! Common sense, but that's hard to find these days. Good luck.
back in the day the punishment for counterfeiting was fatal
Put the Maronites in jail.
@@busterbiloxi3833 And the counterfeiting Zionist with the federal reserve bank which is totally illegal under the constitution
F... China!
Most fakes are made in China where there's no law against it.
Buying the FAKE to show us in the vid is expert level, and just really commendable. Imagine us all taking our hats off and bowing in thanks for your effort in exposing this!
I wanted him to cut into it to see what it was
The website is back up and is selling different items now. So messed up... Thanks for spreading the word.
This is highly upsetting. What happens in the future when we need to liquidate our silver? Buying from a reputable dealer is all well and good if you never have to sell the coins. But how is a buyer supposed to trust your coins are legitimate when the market is flooded with fakes?
They'll test it, just like he did in the video. Fake silver will fail the tests, real silver will pass. Nothing to stress over unless you're a dealer, then you've got to be more vigilant, unfortunately.
In the process of getting a total Ebay debacle settled right now. Ten eagles that were just slightly less than other seller's--passed the magnet and ping tests; however, there were subtle differences on the coin's markings (the branches had little "berries" and the denticles were just slightly larger). The seller shipped from a New Jersey address that was an abandoned factory, despite being located in California, then used an arbitrary return address of some empty land in Burbank. It immediately forwarded to another arbitrary location, then gets stuck in postal limbo. As far as returning them, use the not as described option, and if it doesn't get to the return address promptly, stay on top of the Ebay case so it remains valid. I feel that these people are using the returns process, and the difficulty in navigating Ebay's support to make returns super difficult.
I got 5 from one purchase that were fake last week from eBay. I complained and the seller immediately refunded me. The seller wanted me to change my negative feedback so they could continue their scam. I said nope
Same. exactly the same
@@RichieMain I just went and checked and the listing was removed so not even visible and so is my feedback.
@@flyboy1616
Playing the system is all part of the scam. How did you know they were fake? Did you keep any? Cut or drill to check the insides?
@@mountainghoti1671 other feedback said they were fake. I didn’t see the feedback until they had shipped but not been delivered. I check doing the ping test then weighed them. Ping test hasn’t let me down,
@@RichieMain same
Thanks for putting out this warning!! Spread the word everyone! :-)
They dont only come from CHina.. stop projecting your evil thoughtts on others: countries with most fake stuffs. 90% of stuffs you buy in America is fake
Hell ya Spread the word . . . . I'm telling EVERYBODY I know
This warning he put out has been out for 2 years, this hype is a marketing ploy to sell silver to people like you who take things at face value. I googled fake coins and that's how I found out the warnings have been out there for 2 years. You can tell by his emphasis on fake coins with words like" massive" and capitalizing the word fake. As far as I am concerned he's dancing on the line between honest and sleazy.
What do you think of Jewish people? I think they're f*cking awesome. I wanted to hear Money's view of the relationship, because it is no secret how Jewish people feel about you, but is that love mutual, do you feel used, I always see you past around men, changing hands, exchanged for goods and services, only to be discarded like trash when you are old and wrinkled :-(
idk, if dumbasses want to waste their money who cares
The sophistication and amount of work these scammers put into tricking people is diabolical wish they would put all that work into a real job instead of fake coins but people buy them and they keep doing it its sad but you bringing this to light is great thanks my friend
You'd think the time and money put into fakes wouldn't be worth the money they get out of it. Crazy.
Yea it isnt like they are selling them for 1000 dollars its stupid what length these idiots will go to instead of just getting a job.
@@JB-ej8zy I think they get a thrill out of ripping off Americans
China has millions of political prisoners in detention centers. This is cost free labor for them. When those poor people can no longer work, they sell their organs. STOP BUYING PRODUCTS FROM THAT LARGE ASIAN COUNTRY!
The Chinese are hurting the coin business on a massive scale. They counterfeit EVERYTHING!
Silver Eagles, Chinese Pandas, Maple Leafs, PCGS graded Junk Boat dollars, Peace & Morgan
dollars and MANY more! ....they actually have contests amongst the counterfeiters to see who can do the best counterfeiting. It's getting out of hand
Thanks Silver Dragon 🐉!! Good looking out as always!!!
I've definitely seen some fake coin scammer ads on fb - blatantly bogus prices, weird unrecognized names (no reputation), everything not adding up if you really look at it, etc. I'm a normally suspicious person so I look for things like that, but unfortunately many do not. Thanks for putting this out!
you are welcome!
The Chinese rip everything off 💩
I got burned as well ,should've known buy 2 get 1 free, bought 2 2023 silver eagles and two 1/2 gram gold coins got me for about 180 bux which also shows how dumb I am,return address was hard to read but it looks like they came from africa ?
Great message Dragon I personally only buy from bullion dealers and a couple of coin dealers I've been dealing with for over 30 years but unfortunately there's so many people that buy other ways and I hate to hear about them getting ripped off
So what are some of the bullion dealers that you deal with if you don't mind telling
SDbullion is legit.
Thanks for all the information on these coins. I am not a coin collector, but it is nice to know what scams are going on with Coins.
Thank you for this valuable information, I had no idea this was going on. Thanks please keep up the good work.
Wow, that comparison at the end of the video was wild! It's so unfortunate that we have to question EVERYTHING now.
Humans have always had to question everything. If you don’t you are a puppet on the end of someone’s strings.
We always had to. . . Wtf are you smoking? I want some. I also have a past I want to glorify.
I knew the notch was going to be a huge nothing. That is a frightening fake. Thank you for doing this video!
I'm glad I checked this channel!! I have been watching the market to purchase some precious metals and I have learned a scary amount of knowledge in a short period!! Boy the scammers are really going through everything imaginable to take advantage of unaware people!!! Thanks to Silver Dragons for putting this out there!!!!
Thank you for sheding light on this. 👍
Wow that fake was really good but it sure looked funky. You forgot to do the ping test on it as well.
They dont only come from CHina.. stop projecting your evil thoughtts on others: countries with most fake stuffs. 90% of stuffs you buy in America is fake
Please at this point cut the fake in half and do a follow up video.
Possibly heat up a piece so we can see the suspected copper to silver plating separation.
Excellent and informative.
Thanks for the 28$ sacrifice.
But first show it in a ping test, and with a simple phone app ping test please!!
Denis is one of the most stand up guys I've had the pleasure to work with! Thank you both!
Yeah well he needs to check up on his recommendation for SD bullion. I put in an order last week they are doing a float on the money and the order won't come in until next week. They claim it takes 3 to 5 business days to process the money through their account and 3-5 more to get it shipped. He needs to let folks know they're going to hold onto your shipment while they get interest on the float. I told them I wanted to cancel and they are going to charge a fee for that. I have real concerns whether they are actually legit, definitely not consumer friendly.
This is why china will never win, everything in their society is fake
Thank you for the warning, also need to watch out for fakes that are priced as genuine and as you said, only buy from a reputable dealer.
Damn. Fakes are getting good. The eagle really needs some better security features.
Agreed, and considering that it's the U.S. Mint, one would expect them to have better features than a pathetic indentation on the rim.
@@Evom777
The silver Maple and Britannia both have a brilliant added feature; the US hasn't ever really cared deeply about counterfeiters.
To bad China pays F J B to ignore currency and mint forgeries!!
I bought two AE fakes on eBay. Easily seen as fakes. I did the same testing before I went ballistic on the seller and eBay. I bought these for $29 each back when AE were selling for $30-35 each. Threatened to turn them over to SS, FBI, and HS. My $ was refunded by the seller the same day.
did you get to keeep the fakes? i have a drawer full of fakes i got for free essentially that way...gl!!
And did you turn them in?
@Jake Whitaker a good way to put a hurting on sellers of fakes and grow a collection 😅
Good for you to take it all the way!
Yep, and you're really not doing anyone in the coin hobby a favor by not turning them in. They will just sell under a different ebay account.
Thanks for info!
thanks for posting this, good job.
Thanks for putting this out there.
A tube or two of these $2 fakes from Alibaba might make a nice distraction for thieves.
That is what I did! I have an unlocked safe with a bunch of fakes. My hope is that a lazy thief will think they scored and run before finding the hidden safes.
Thanks for the info.
I just started out buying silver late last year with no knowledge and bought 6 (for my children's Christmas presents) of the fake eagles on ebay. Once I figured it out and they were jacking me around about a refund I went straight to ebay and they refunded me within a minute. Whew at least my rookie mistake only cost me time, stress, and a bit of embarrassment. I bought some rounds from a reputable dealer and for just a bit more in money my kids finally got their late Christmas presents and first silver.
I wish something could be done to stop these scams.
Perhaps we can get Hunter to talk to his Chinese friends?? Just sayin......
I bot from ali to have actual fakes to examine..
@@dennisdragomir7572 I bought a bunch from Ali too. Going to hand them out for Holloween.
@@duckhunter8387 buying fakes will just get them to make more fakes.
@@duckhunter8387 Don't do it. Legally, US Silver Eagles are *CURRENCY,* which means you would be guilty of circulating counterfeit money. ='[.]'=
thank you for letting your subscribers know ~ it figures, right? so sad. times are worrisome enough right now.
I bought a fake on purpose to use for a desk decoration at work. I always get compliments on the piece and encourage the handling of the coin. I find it’s a great tool/conversation starter to talking about precious metals. To this day 3 fellow employees are now interested in getting into stacking.
Might not want to advertise this. I believe possession of counterfeits is illegal. (not a lawyer). Even if your reasoning is good I remember a story of someone who collected counterfeits for educational purposes and they were confiscated by treasury agents.
This once was seen as an act of war. Thanks for the heads up.
getting Biden dems to enforce our laws? hahahahahah.. Look at 100,000 crossing from Mexico
As much as the goverment is bought by China, they don’t care what China does anymore . Even if it destroys America. As long as they keep getting richer and stay in power.
Ok I have 5 fake ones I got from Ebay, out of china, and they are not magnetic, they come in at 1.09 the ping is off, and the missing reed is correct, but the reeds are twice the size. I also noticed that it does look like a flat spray painted look. But it's the reeds that was the biggest give away. I will be taking one out to the rifle range and put a hole in one first chance I get.
Ebay tells you it's from China! Never buy any silver or anything from a China! It's always fake!
Another reason to buy silver maples or Britannias which have good security features.
Thank you for the great video and information 😊
Thanks for the awesome video and giving us information how to stop a fake. Nice job!!!
There are a lot on eBay. Obvious signs are a lot lower than everyone else. And biggest red flag is it ships from China or Hong Kong.
Or Cali- especially San Fran. Stay vigilant!
Thanks for sharing this information.
There is a mild bit of irony to having a video coming out today about fake coins. I had gone to a local coin shop today to pick up some junk silver and when I got home I found a 2007 quarter mixed in. I'm not saying that the shop did it, or even that it was sold to them intentionally like that. Just always have to be on the lookout.
Thank you for this detailed content!
Thanks Silver 🐉
Scammers NEVERr let a crisis go to waste. Some are easy to spot out like these you mentioned. Thanks again for being a Watchman and another Awesome video
How do you stay "off the radar" and trust the black market at the same time...
Buy a Sigma. 😉
@@Evom777 ,
Lets go halves...LOL
Ping test
Ping test
Ping test
Ping test....
All together now...
Ping test
Ping test....😂
😅😅😅cuteness
Too late. You already bought it.
Thanks Bro! Good job!
Thank you for the info!
Good looking out SD
This is another reason I refuse to pay the ridiculous premiums on ASEs. TBH, in a barter situation I would be more wary of someone using ASEs than other types of coins (though obviously you always need to be on alert for fakes with anything).
The U.S. mint needs to wake up and start putting some real security features on ASEs. A tiny notch in the rim is NOT a security feature!
buy silver dimes
@@dennisdragomir7572 Forget the dimes! On a huge silver estate buy, I wound up with $2000 face in fake dimes! They looked like brilliant uncirculated Mercury's, but 3/4 of them were magnetic. The rest failed ping, weight, slide, and Sigma.
Good point , me I would say half my stack is junk world silver ,I get most of it close to spot, it's almost guaranteed not to be counterfeit....but stacker CZcams channels say don't buy world junk silver ,but I think that's the best thing to load up on, ...for a SHTF scenario....people aren't going to be paying high premiums if they are selling ammo or bread for a few ounces, I'll hand them a handful of schillings and call it a day.... fractional silver is going to be more barterable then ASEs...
Great info! Thanks 👍
Please do ping test, ice test, gravity, tarnish it and whatever else you got to throw at it. Its killing me!!
First time commenting on any video in my life. I'm just so intrigued. Thanks silver dragons.
Good Morning Sir, we have to do our due diligence, granted it could happen to any of us, so doing the background is a must for us P.M.'s stackers, Thank you for the warning and updates. Thank You Sir, your truly one of the good guys. THE SARGE
Wow I cant believe it passed the weight and magnetic tests
How is it possible to pass the weight and magnetic test both?
@@ben11628 copper coin with a tungsten pellet
@@dennisdragomir7572 but tungsten is magnetic
@@dennisdragomir7572 Silver-plated copper.
Thanks for the info !
Thank you for the video!
I saw that add in FB and I almost bought 30 pcs I’m glad I stick to my guts that the prices are too good to be true 😢
Always shop from a reputable dealer. Beware of things that are too good to be true. Do your due diligence before laying your hard earned money down.
Grade information, thanks for sharing! I followed your lead and placed my first order with SD Bullion. Looking forward to putting some Scottsdale mint. Cowboy commemorative rounds in my stack.
I just started to collect silver, bought my 1st 10oz bar, I appreciate this video! Thanks 👍
That's why I go directly to my bullion dealer. He sets the product down in front of me,test and weigh it in front of me. I put cash down and walk out. He doesn't even know my name.
get the dealer to do the XRF test on it before you leave..
Thanks for sharing Silver Dragons appreciate your time and the warning. The U also is a great fake identifier if it doesn’t have a tail it’s fake hope you have a great day
Best wishes
That is only accurate on 2021 Type 1 ASE's and older. All type 2's don't have a tail on the U.
Thanks for the heads up.
Awesome video great information thank you
THANK YOU FOR TELLING EVERYONE. New stackers all the time. Help new people out. Right on Brother AAAAA PLUS
eBay is still a good place to buy silver coins, there are some honest sellers. But just be careful!
Yes , and take your time to look for " silver plated " or " copy".
I know that's really obvious , but they deliberately omit it from the title, then stick it into the description.
However in such cases you will be given a refund by Ebay because they should have made it absolutely clear in the title that it's not real.
Yep, all the 'big guys' sell on there too. Stick with the major 'known' PM sellers and Ebay is fine.....
Great job! Ty
omg - that doorbell freaked me out so hard. I was watching this super late at night and thought someone was at my door.
So glad to see you added ebay to your video. I noticed these awhile ago and even reached out to another you tuber to no avail. Never bought any, but I am sure alot of people have. There are multiple sites, all with very few or 0 feedback and almost all shipping from far east. Kudos!!
Where is the Secret Service in all of this? Isn't policing counterfeit currency part of their jobs?
Thank YOU for sharing your newly discovered Wisdom. Newest sub here
Also thank you for sharing this video i really appreciate it. 👍
@Silver Dragons - Can you do the Ping Test too on the fake??
I wish you could've done the PING TEST SD??
Great video.Thanks..
Fantastic info--Thanks
Hopefully bullion dealers test everything they sell.
You'd be amazed at the amount of them that don't.
I do not buy from from adds. It’s tempting sometimes but not worth it. SD bullion or coin shop. Thanks Silver Dragons!
Thank goodness I've grown out of those. Any news like this on the Libertad, I'm all ears.
Thank you! I would have no idea on my own!
TEMU has them for $1.98, along with $50.00 Gold coins , Morgans, Peace dollars, Antique coins and Silver and Gold bars,all for under $2.00. I bought a few to see and I even bought a 2023 Silver coin that said 999 pure gold but it was Silver colored 2023 !.
WOW! Does it pass a ping test? Sharing this Thanks..
Great info, Ebay does not take these sites down after you report them. I love that slide you used, did you make it or purchase it online somewhere? Keep up your good work!
eBay is terrible I sent mine to the secret service
Another reason I've been stacking almost 10 years and still never wasted fiat on overpriced silver. Never bought an eagle never will.
what do you buy ? britannia and maple leaf ?
I purchase a lot of silver online and I've seen plenty of 2023 ASE counterfeits with the missing reed security feature. None of them have fooled my Sigma Metalytics tester, though. Never had an issue with getting a refund and most of the time I keep the counterfeit coins to show and warn friends and family.
If you are buying "plenty of 2023 ASE counterfeits", sounds like you need to be more careful where you are buying from.
Why would you gamble your money like that? There are so many trusted sources out there .. doesn't make any sense to me
😂😂😂
The Sigma has become essential for me. It bought me some peace of mind.
@@iamgabriel5823 That thing cost you over 40 silver eagles. Come on Man!
I got 10 of these things a couple of years ago. Really difficult to tell they are fake. The measurment was not exactly right and the weight was not right when compared to real coins. Reported to my credit card which was a waste of time. Eventually just dumped in the trash.
I report this to ebay all the time and not only do they do nothing about it but they PROMOTE the listings. Many of the sellers have a rake of negative feedback and complaints but still ebay don't care. These coins are not just worthless but worse than that - it's a felony to counterfeit US currency and also to use it or sell it on
I usually tag 5 or 6 Facebook ads per day advertising below spot price Eagles. Yet Facebook continues to post these ads.
post something against the democrats and see how fast you get a lifetime ban
I just purchased from SD Bullion, highly recommend them too
I first encountered fakes on Facebook before COVID. Alarm bells and red flags were issued forth because of the expense per coin and free shipping. I researched these companies finding them to originate in China. I complained to FB but their algorithms inundated me with more companies selling the same fake products. They also changed their tune to add the word commemorative to Silver Eagles and Morgan and Peace dollars, then tried to sell Gold coins the same way. It took me deleting and blocking these sites before FB wised up. I did purchase some fake "commemoratives deliberately to serve as decoys, should my house get broken into. I won't buy from any Chinese manufacturer including Alibaba or on Amazon, Etsy, or eBay. I purchase from reputable coin and bullion dealers or my local coin shop only just as your video recommends.
Awesome video, thank you for putting this up for us to see. Would you make another video and measure the diameter and thickness for us that don't have an electronic tester. Thank you again
Would have been interesting to have you do a ping test with them and compare that with a real one. Maybe you could do a short about that if you feel like it?
I weighted the ones I got, they were .77 of an ounce. I bought through paypal and got my money back.
@@mikefranklin1253 i mean a ping test, not weighing them
I agree. As Silver Dragon said, this is most likely a silver-plated copper round since copper is one of the few other common metals that are diamagnetic besides gold and lead. Of course, if it were "fake" in the sense that it was made of gold instead of silver, then I'm all for it!! Lead has a density similar to that of silver, which is a potentially a bit problematic. But , as you suggested, a good ol' fashioned cheap and easy ping test would have identified this one as fake right away regardless of what other metal (lead, gold, or copper) it was made of. Of course, if it was made out of lead, you don't even need a proper ping test, just drop it on a table and listen to the dull thud of a sound that lead would generate rather than the classic ringing sound of silver. Also, assuming the diameter checks out (if not, we can declare it fake right away), if the fake is indeed made of copper, the thickness should be about 15% greater than the real one since copper is about 15% less dense than silver. It looked like this was indeed the case when Dragons held up both coins next to each other. It'd be nice for Dragons to point out if this was indeed the case by placing them on a table right next to one another.
@@agpablo2885 A really good teaching comment. Thanks
I'm a nooby what's a ping test.
Also always watch out for National collector's mint got me when I was first starting out for some supposedly gold coins started watching stacking channels like this and learned I was getting ripped off luckily that was several years ago
Those things are all over EBay bud! I almost fell for it, but then thought "Why is buddy selling this for 10 dollars less than spot, with free shipping". CAN'T be too careful.
...LOL... when the door bell rang, paused vid and checked the front door...
...nothing there, so did a rewind on the vid and had a good chuckle...
I had fakes last year,2022, with missing reed. Turned them over Sheriff, who notified Secret Service. I got my money back.
The detail in the eagle's feathers on the reverse is much better on the real one, especially on the right wing, right leg, and neck.
And the letters seem to be fatter on the fake.
Thanks for the explanation
I am glad you showed this I was about to buy some not any more
I got a lot of good silver from eBay but I always check the seller.
100%!!