28 Morgans for $269?? What's the gimmick here?

How many do you suppose will receive these and subsequently put them on EBay?

 

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Gee, I wonder if they have an 1895 or 1895-S in that bunch...LOL

 

These ads from several different "companies" have been popping up on my Facebook feed for quite some time. I call them out as fakes and report the seller...but they go under different names and change names all the time when they're caught. And if you look up the "see more information about this seller" feature on Facebook, there will be NOTHING for any of these shysters.

 

Yes, I added a second post later on in the thread. They jumped the price back up to almost $1000. I'm not sure why. Maybe to create a false sense of getting an amazing deal when they put it back on sale for less that $300.

There is almost nothing good about this deal. The only benefit I might see would be to get an education about what the counterfeiters are doing.

 

This group is probably far more sophisticated and with a much greater base of coin knowledge than me. I recognized the "amazing deal" and bought it. The coins come in a nice box with individual slots to hold each coin, but the coins are not in slaps and thus, I would assume, not rated. There are general circulation coins. Even so, if they are not fake coins, general circulation coins of this quality would still be worth the $269. So...how do I tell if they are fake. I have some authentic of the same years and standing them side by side, I see absolutely no difference. Are their specific details you look for to determine the authenticity?

 

Hi cj415 - thanks for your post. I'm trying to learn how one can best determine a counterfeit. Did you actually order, receive and inspect these coins? I'm not trying to be contentious about it, I'm just trying to determine the authenticity. I DID order, receive and inspect these coins...but I am not an expert. IF THEY ARE INDEED AUTHENTIC, then I'm assuming at $9.64/coin for coins in fair to good condition, that the pricing is okay. NOTE-they ARE NOT in slab cases, the are open, general circulation coins of fair to good condition. The duplicity in the original advertisement is that they show you pictures of beautiful sets of coins in plastic slab cases that have actual ratings on each coin. THAT IS NOT WHAT YOU GET. You get a nice wood box with open coins, one from each year of production. I have compared them directly with other coins believed to be authentic, but I see absolutely no differences. Any guidance you can provide would be greatly appreciated.

 

Best bet is to post some pictures here. If they did come from China though, there is not much of a chance of them being genuine. If genuine that price would be ridiculously cheap, like half the price of the silver in them.

 

They're fake. Period.
MELT value on a Morgan is $20.91 today...
If they're selling them for $9.64

Well, you do the math

 

They might send you an 1895-P if you keep quiet about it. Just think! You could be the first to “discover” a business strike of that date.

 

As has been posted already, there would be no logical reason to sell mail-order silver at half it's spot price. That said, weigh several, photograph a few, and post them up for all to take a look at.

 

I want to see the 93, 94, and 95. Even in G-4 the most common 93 and most common 95 would total more that you paid for the entire set.

Since the coins aren't in holders, check the weights.

 

They are fake .Had them tested and mixed metals..Am working on refund from c/c company. Report to BBB for selling counterfeit coins so no one else will get scammed. It's TRUE when something sounds too good to be true it usually is.

 

It pays to check for scams :

https://www.scam-detector.com/validator/www-shoplund-com-review/

 

Had them tested and analyzed...60% copper
38% zinc some nickel and .77 silver.

 

Math? 60%,38% = 98% how to .77silver?

 

If it sounds too good to be true, it usually is.

 

That's probably .77% silver So that adds up to 98.77%, he didn't giver the percentages of zinc and nickel but hey probably added up to most of the other 1.23%