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Do you leave the plastic on your silver bars?
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<p>[QUOTE="Gam3rBlake, post: 8353349, member: 115909"]Oh yeah and it’s not just rare dates & mints either!</p><p><br /></p><p>Apparently there is a new scam where they will melt larger denomination gold coins of common dates and restrike them as smaller denominations.</p><p><br /></p><p>Like they will take an XF cleaned common 1927 St Gaudens $20 Double Eagle and melt it down and then strike 8 fake $2.50 Indian Head Quarter Eagles of common dates because they have a much larger premium and people don’t look as closely at common dates.</p><p><br /></p><p>As you can see in the images at the bottom of this post a cleaned St Gaudens can be had for $2,000 but a $2.50 Indian Head quarter eagle is tough to get for under $400 so they could make a hefty profit turning one real gold coin (worth $2,000) into eight counterfeit coins (sold for $400 each) of proper gold content & composition.</p><p><br /></p><p>Then multiply that by hundreds and that’s a big money operation.</p><p><br /></p><p>I always used to wonder where all the problem coins went. I think a lot of them end up purchased in bulk at melt and are melted and turned into counterfeits.</p><p><br /></p><p>[ATTACH=full]1482410[/ATTACH]</p><p>[ATTACH=full]1482409[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 8353349, member: 115909"]Oh yeah and it’s not just rare dates & mints either! Apparently there is a new scam where they will melt larger denomination gold coins of common dates and restrike them as smaller denominations. Like they will take an XF cleaned common 1927 St Gaudens $20 Double Eagle and melt it down and then strike 8 fake $2.50 Indian Head Quarter Eagles of common dates because they have a much larger premium and people don’t look as closely at common dates. As you can see in the images at the bottom of this post a cleaned St Gaudens can be had for $2,000 but a $2.50 Indian Head quarter eagle is tough to get for under $400 so they could make a hefty profit turning one real gold coin (worth $2,000) into eight counterfeit coins (sold for $400 each) of proper gold content & composition. Then multiply that by hundreds and that’s a big money operation. I always used to wonder where all the problem coins went. I think a lot of them end up purchased in bulk at melt and are melted and turned into counterfeits. [ATTACH=full]1482410[/ATTACH] [ATTACH=full]1482409[/ATTACH][/QUOTE]
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