![]() ![]() ![]() The fakes were sold at a price close to the price of real eagles so the price did not raise any warning signs. He said he has now removed the fakes from sale. I contacted the seller who immediately responded that it was fake as well as the over 100 other eagles he sold to others and claimed he was "snookered" by someone. Also the date was in a different font and size than used by the US Mint and the 2s looked a bit like Zs so the 2022 date looked a bit like ZOZZ. It had a mirror image which is not on bullion coins and was so reflective you could actually use it as a mirror. Upon receipt of the item I immediately noticed it looked fake. Seller has been registered on ebay since 1997 and available feedback shows he deals exclusively in selling coins. “Let’s be careful out there.I recently bought an item described as a 2022 American Silver Eagle which the seller listed as "direct from the US Mint". If you want me to look at the site, leave a message in the comment section below, or send me a note. If anything about the offer makes you uneasy, then do not buy the coins. However, my examination of the website was enough to convince me not to buy the coins. I went further by looking into their Internet presence since I have the background to understand the under-the-hood workings of the Internet. I provided the details of the clues I was looking for to help you understand how to spot a scammer. Remember, many of the worst counterfeit coins have origins in China. Although founder Jack Ma has claimed to have no government ties, it is essential to remember that the Chinese government regulates everything and censor Internet traffic inside its borders.Įverything regarding their Internet presence confirms that they are a China-based company. Alibaba is a China-based e-commerce conglomerate whose ties with the Chinese government is uncertain. The website is hosted on servers owned by Alibaba. ![]() The Chinese government heavily regulates Baidu. Baidu is a Chinese state-controlled search engine, sometimes called the Google of China. This service provider is reselling the services offered by Baidu. Their domain name registration shows that the name was purchased from a company in Guangdong, China, that appears to service small businesses. If that was not enough to convince you that this deal is too good to be true, further research went into their Internet presence. HKT is the time zone abbreviation for Hong Kong Time. Contact information for the company’s domain name appears on one page that listed an email address, and that customer service was available between 9a and 5p HKT. On their FAQ page is an email address that uses a different domain. There are two places where they provide contact information. The pictures of legitimate monster boxes and roll containers were “borrowed” from another site.The site did not have any policies for shipping, returns, or customer service.The site did not have a privacy policy required to do business with most of the world.In this case, an examination of their website has no information about who they are. Otherwise, you may want to check the company further. If you find someone selling legitimate American Silver Eagle for $17.00-17.50, they will probably sell the coins to convince you to do further business with them. The current spot price of silver is $17.84. You may be able to find someone who will round down your cost to the nearest dollar as a loss leader, but the price will never be more than 1-2% less than the spot price. COUNTERFEITS!įirst, you will NEVER find a legitimate seller sell American Silver Eagle for less than the wholesale price. The images that were sent makes the coins appear to be cast copies of American Silver Eagle coins. After they arrived, this person said that something looked wrong and asked for help. Please note the two “ohs” because there is a legitimate company spelled with a single “oh.” LIACOO appears to be selling knock-off products made in China and representing them as genuine for less than market value.Ī reader purchased five of these coins. Device that could metallic analysis of a coin below the surfaceFacebook users might have seen an advertisement trying to sell American Silver Eagle bullion coins for $9.99. ![]()
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