Here we go. With worldwide physical demand for the poor man's metal surging and the US Mint about the run out of silver eagles any minute now- again, we received the following from reader Simon.
Nothing like a counterfeit coin scare to further quell excitement in those who have not otherwise noticed the not-for-profit, right on schedule, drubbing handed to paper silver this year.
New silver investors may now add yet one more reason to avoid the heavy, bulky, unfashionable, and high-premium reality - and instead be led directly to the SLV slaughter house of (rehypothecation).
Here's the email:
Hello Dr. Jeff,
I read you newsletter often and look forward to it on silverseek.com as well...
Wanted to let you and readers know, today 4/3/2013, I just received 15 ASE counterfeit fakes, year 2000 from eBay. I thought it was as good deal, also got refund :).
I work in radiology and had x-rays taken of real and fake, the fake coin can be x-rayed through; writing clearly visualized and authentic ASE can not (a solid white blank)...some kind of alloy I suspect?... Other similar details to the article in Coin World on the fake 2011 ASE's coins that turned up in Canada in FEB 2013)...Beware...They are out there!!!!
Face and back images are oriented same (eagle and head up, authentic are opposite) and 2000 date slightly smaller in size than authentic ASE date. Fake coin is minimally thicker and minimally smaller in diameter. Non magnetic also.
The Real Deal:
One gram light...30.1g coin, is minimally thicker and minimally smaller in diameter. Side images are oriented same and 2000 date slightly smaller in size than authentic.
ALSO FYI as of last night eBay has still not taken her site down!!! She has sold at least 80 of these fakes and think she is selling fake Pan AM 1oz and 5oz bars... thanks for your interest...Simon
Any thoughts about this? Share it!
(Note: If you have specific question for me, please contact me through the Free E-Course - thanks!)
Click below to see contributions from other visitors to this page...
this is why you need the scale, and SCHWERTER ACID SALTS to test the metal content. always trust-but verify! i do not doubt there are fakes out there, …
Fake American Eagle silver coins surface in Canada
Article first published in February-2013, U.S. Collectibles section of Coin World Enlarge Counterfeit 2011 American Eagle silver bullion coins …
Sound of Silver
"Sound check" every coin you buy. Set it on tip of finger like a cymbal...tap it with another coin. learn the correct "Note" the coin should make. …
Call the Secret Service!!!!
did you contact the secret service? Treasury agents will threaten this ebayer with jailtime of 20 years and trace back the origin of the coins... counterfeiting …
compare the risks Not rated yet
If you buy your coins from a dealer, like Kitco, or Apmex, the chance of counterfeit is pretty much nil. Even if you do buy on ebay, the risk losing your …