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<p>[QUOTE="1865King, post: 5258519, member: 103207"]I knew those were fake as soon as I saw them. A quick scan on the obverse and reverse and I was done. I bought a fake seated dollar about 20 years ago at a small coin show. I knew it was a fake and it was labeled as a fake. I think I paid $30.00 for it. It was dated 1847. It looked good but, wasn't the correct diameter and felt light. This was when these thing were first showing up in the USA. As of right now if you go on Facebook there are a number of operations selling fake Morgan dollars and fake silver eagles. What is also fake are the reviews they post on their site. They're selling silver eagles and Morgan dollars for $9.95. That price is the first and biggest red flag. Even a junk Morgan dollar will cost you about $19.00 and a silver eagle will cost you around $30.00. Those prices mean something. If silver is running around $25.00 per once there aren't any dealers that will sell you one for $9.95 when he could sell them at melt and get around $25.00 for them. Watch out for fake slabs and I've even seen fake CAC stickers. Buying raw or even slabbed coins on EBAY from someone you never heard of at a really low price should be an instant warning. DON'T BUY IT!!! However, there are some well know dealers that sell on EBAY so don't assume every person on EBAY is trying to scam you but, it goes back to the old saying of Buyer be Ware. </p><p><br /></p><p>There's even a YouTube video showing how the Chinese are making these. They will make you any coin you want.[/QUOTE]</p><p><br /></p>
[QUOTE="1865King, post: 5258519, member: 103207"]I knew those were fake as soon as I saw them. A quick scan on the obverse and reverse and I was done. I bought a fake seated dollar about 20 years ago at a small coin show. I knew it was a fake and it was labeled as a fake. I think I paid $30.00 for it. It was dated 1847. It looked good but, wasn't the correct diameter and felt light. This was when these thing were first showing up in the USA. As of right now if you go on Facebook there are a number of operations selling fake Morgan dollars and fake silver eagles. What is also fake are the reviews they post on their site. They're selling silver eagles and Morgan dollars for $9.95. That price is the first and biggest red flag. Even a junk Morgan dollar will cost you about $19.00 and a silver eagle will cost you around $30.00. Those prices mean something. If silver is running around $25.00 per once there aren't any dealers that will sell you one for $9.95 when he could sell them at melt and get around $25.00 for them. Watch out for fake slabs and I've even seen fake CAC stickers. Buying raw or even slabbed coins on EBAY from someone you never heard of at a really low price should be an instant warning. DON'T BUY IT!!! However, there are some well know dealers that sell on EBAY so don't assume every person on EBAY is trying to scam you but, it goes back to the old saying of Buyer be Ware. There's even a YouTube video showing how the Chinese are making these. They will make you any coin you want.[/QUOTE]
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