https://coinfraud.com/ https://player.vimeo.com/video/589042490?dnt=1&app_id=122963&h=301dd6d660 Other than the advertising I know nothing about this company. Obviously, the video explains things well enough, although I would contend that not all sellers of raw coins perpetrate fraud. But, one should recognize that this is a general problem in the industry, and not just by boiler plate con artists, but in many areas of the business. Government and the law can only get so much done. It is the responsibility of the leaders in the industry to strengthen the safeguards for consumers.
It's also not particularly safe, even for so call experts, or those who think they are (which would not be me).
So why don't you just make yourself happier and get out of something you seem to think is extremely corrupt and you believe to be unsafe? Why spend so much time just posting the same things about fraud over and over and over and over again? Go out for a walk, get some fresh air, find a hobby/activity you actually enjoy
And if you don't KNOW what you are buying, don't do it. And that doesn't just go for coins and bullion.
My understanding is that some of our esteemed members are dealers and / or investors. I think it's amazing that some folks can make a business of coins. I, on the other hand, in terms of investment with my coins am a sucker, I'm in it for the fun, out of curiosity. I do sometimes sell (usually locally for cash) but that's not my interest or purpose in the hobby (for me it's a hobby). I am concerned about fraud - I bought some Morgans in a lot, one of which was the wrong weight (off by over 2 grams) so obviously a fake, but it looked right to me (one of the reasons I came here in the first place is to educate myself better about these things). I was rather shocked at the time - I submitted 2 of the best from that lot for grading because I wanted them authenticated basically. I only paid about $14 per Morgan for that lot of 8, and I'm 90% plus sure the guy who sold them to me had no idea either - I never went back to him, it was a couple months before I discovered the problem coin. I keep it as a reminder to be careful.
You can't be carefull enough and if you are following other threads, it should become clear that not everyone takes this problem seriously, and many are participating in the dark side of the hobby. There is just not enough support for the consumer. In another forum, I was told that in Europe that they don't allow for cash purchases of coins, that is dealers paying cash for coins. I don't know how much that would help. I believe the root problem is deeply embedded in the hobby and there are dozens of ways that illicit dealers and individual collectors scam the market. It is good to know, though that there are lawyers specializing in this.
