Fake Silver Eagles on Facebook

Discussion in 'Bullion Investing' started by manny9655, Aug 20, 2020.

  1. manny9655

    manny9655 Well-Known Member

    xCoin-Hoarder'92x likes this.
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Can you post the photos here? I don't do Facebook or any of those other foolish sites.
     
    Etcherman and midas1 like this.
  4. JeffC

    JeffC Collecting for the fun of it. Supporter

  5. Kentucky

    Kentucky Supporter! Supporter

    I see several of these every time I get on Facebook, and I always report them.
     
    GeorgeM and xCoin-Hoarder'92x like this.
  6. tommyc03

    tommyc03 Senior Member

    This has been going on big time ever since the Mint temporarily shut down. There are dozens of phoney companies popping up all over the place. Caveat emptor.
     
  7. fretboard

    fretboard Defender of Old Coinage!

    Yeah, I don't even look at them anymore, they get ignored! :)
     
  8. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Gosh, coins on facebook? What can go wrong there. ;)
     
    Etcherman and JeffC like this.
  9. slackaction1

    slackaction1 Supporter! Supporter

  10. slackaction1

    slackaction1 Supporter! Supporter

    Fakes I purchased at a flea market type setting by a park. 24.4 weight
     
    ZoidMeister likes this.
  11. fretboard

    fretboard Defender of Old Coinage!

    Terrible looking fakes! :spitoutdummy: I'm sure FB isn't gonna do anything at all about it. I mean if you think about it, I bet they don't have a coin expert checking out their coin sales at all so why would they? There's tons of fake ads, fake commercials etc. and FB don't do sht! Hope I can legally say that! :D
     
  12. slackaction1

    slackaction1 Supporter! Supporter

    Totally agree bout FB. Its about money, money, mo------ney. pretty much on your own when you shop. I personally have had some luck early on in its infancy. Your correct
    fretboard
    FAKE CITY right there... You have looked at enough coins to spot fakes from pics. I have to weigh it, magnet test, re examined it, its a gamble.. roll'em lucky..
     
    fretboard likes this.
  13. rte

    rte Well-Known Member

    20170324_194605.jpg How does that work exactly?
    I dont do the Facebook thing either...wouldn't you meet in person and make a deal?
    Bring your knowledge and tools to verify...
    Everything else seems like the buyer should know better.
    These my Dad bought from a guy in Canada off ebay last year.
    They arrived in an envelope from china post.
    He got his money back and got to keep the coins.

    20170324_194217.jpg
     
    ZoidMeister likes this.
  14. rte

    rte Well-Known Member

    Carson City no less.
     
  15. benveniste

    benveniste Type Type

    I also get ads for Fake Gold and Silver Bars.

    What appears to be happening is that the scammers are pirating websites and credit cards to set up their scam. So until Facebook adds some sort of real validation (such as not accepting ads for sites with free 90 day certificates), they'll be playing whack-a-mole.
     
    GeorgeM likes this.
  16. manny9655

    manny9655 Well-Known Member

    Why buy stuff you KNOW is fake? You're not only wasting your money, you're enabling the fakers more.
     
  17. slackaction1

    slackaction1 Supporter! Supporter

    Well Sir, I bought mine to show some friends and gave one away to a guy who happens (I know) collects fakes.. so he was happy.. would you like one? I think I got 4 left.. Hey there are CC...........LOL
     
    Last edited: Aug 25, 2020
    Garlicus likes this.
  18. rte

    rte Well-Known Member

    My Dad bought a fake Trade Dollar knowing that it was a fake.
    The seller wasnt sure SURE @ 20 cents on the dollar seller wasnt sure.
    He just wanted to see how it compares to the real thing.
    The morgans he bought out of Canada were supposed to be GTG.
    That deal took some time to resolve but he ended up with a few more examples.

    I was a our local coin club meeting and a guest from Mexico was there looking for information on some Spanish Cap and Ray dollars.
    He had 12 some loose and more in 2x2 cardboard holders.
    Asking $75ea.
    $50ea if real would be the closest I could get.
    He asks what do you mean IF REAL?
    I Asked if anyone had a good magnet, because I didn't bring mine.
    The magnet found 6 that stuck and 2 that wernt manipulated around the table with the magnet.
    I bought 4 and explained to the seller that silver does stick to a magnet....
    Wasn't comfortable enough with the other 2 at that price and the seller sure didn't want to sell the magnetic ones for cheap.
    Seller said he bought them locally for $55ea about 30 years ago.
    He genuinely looked like he learned something that day.
     
    GeorgeM, Garlicus and slackaction1 like this.
  19. Kentucky

    Kentucky Supporter! Supporter

    I think you mean doesn't...otherwise, do I have a deal for you... :)
     
  20. rte

    rte Well-Known Member

    YES, dang spell check and fat fingers.
     
    Kentucky likes this.
  21. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Facebook doesn't moderate sales of collectibles. The reports on the site are usually only for abusive behavior or spam/robot accounts. If you buy something and turns up to be fake, that's the buyer's loss. Hopefully if the person uses a credit card through paypal they can file chargebacks or open cases for bad transactions. Then it will be someone at paypal taking action against the offender.
     
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