Fake silver Eagles

Discussion in 'Coin Chat' started by carly, Aug 22, 2019.

  1. John Burgess

    John Burgess Well-Known Member

    Well yes. Says 44 sold so there's like gonna be at 44 fake ones dated 2019 to now keep your eye out for and not get stuck with out there in the hobby floathing around by Jackwagons trying to make $10.00 smh. I'm doubtful people bought them just to keep it as a curiosity.

    Why do people do these things....
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Because why do honest work for $10 when you can get over on someone instead? :(
  4. myownprivy

    myownprivy Well-Known Member

    The issue is not just for the first buyer. Here's the problem with an eBay listing saying the item is fake rather than the item being stamped:
    Selling fakes not labeled as fakes allows the original buyer to potentially rip off unsuspecting subsequent buyers. This is why the item MUST be marked as a copy/reproduction or be so obviously not real for that no reasonable person would mistake it for it to be legal. This is the only measure to protect ALL possible buyers.
    carly likes this.
  5. Darkside

    Darkside Member

    That listing is not an anomaly. There are multiple listing for these counterfeit silver eagles created every day.
  6. Clawcoins

    Clawcoins Well-Known Member

    I should mention, that eBay listing has pictures of 2 distinctly different coins.
    One looks much more authentic than the other.
    But either way, the more fake one is an improvement in details over older fake ones from just a couple years ago.
  7. Doc J

    Doc J Mr. Brightside

    I wonder how anyone can even make a "Silver-plated iron" coin and ship it free to the USA for $8.50? What are the tariffs on a fake silver-plated coin?

    I suspect that a buyer will receive nothing, and the seller will just change accounts by the time eBay gets around to investigating it? The pictures are fake as well. The likes are probably generated by his friends.
  8. Santinidollar

    Santinidollar Supporter! Supporter

    If everyone here would jump over and report that item, then maybe eBay would take it down. Frankly, this conversation about it is less than totally useless. I just reported it again.
    Doc J likes this.
  9. carly

    carly Member

    I sat and reported I think 10 listings, all "silver" Eagles, all the way down to $2.76/free shipping. I quickly realized that there's a TON of those listings.

    I sometimes pick up Eagles at a coin shop/pawn shop nearby and now I'm going to have to start checking every one to see if they're counterfeit. :(
  10. Doc J

    Doc J Mr. Brightside

    I think most big coin dealers are looking for a huge profit margin. I usually deal with small private coin traders that know that i know the value of a simple silver one once of Ag.
  11. John Burgess

    John Burgess Well-Known Member

    I'm fairly certain they will send it without customs and duties paid on it and you will be notified to pay them in order to get your shipment released from customs.

    I know it works that way with larger things shipped to the u.s. like aquarium fish or machine parts ect. Not sure what they do about shipments valued under $10 though.
    Seems like a whole lot of scams going on like getting hit with customs to get you package... on top of selling fakes.

    Doesn't seem like someone could make much money on a fake ASE except that initial counterfeiter... unless people are speculating silver is about to shoot up like it does with a recession up to $30-$50 range.
    Still I'd think if silver prices were that high buyers would be extra careful.

    I could imagine a pawn shop getting scammed but not a coin shop. Most coin dealers as a business I think should be able to detect a fake and I'm sure the scrappers can't be fooled easily either.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    I've never come across even a pawn shop that wouldn't at least run a magnet across any "PM" they were thinking of buying..
  13. John Burgess

    John Burgess Well-Known Member

    Oh I'd agree with you on that under normal circumstances. I can't imagine a casino cashier wouldn't check $500 in $100s asking for $20s but she just gave me the $20s and never checked the $100s until I reminded her to do it for the camera's so she wouldn't lose her job.
    I'm confident she thought I was safe as I go there frequently and they all pretty much know me because I always ask for 2 rolls of quarters every time, but still they have a procedure they have to follow or they get written up an fired for not following it.
    Still people skip the "rules" and do things stupidly. That TV show pawn stars shows them getting ripped off with fakes occasionally... could be staged but I'd like to think that's the reality of the business and someone gets caught slipping at some point because the scammers keep coming.

    When I worked fast food as a kid the counterfeiters would try to pass fake bills. every month, a couple people would show up in the drive thru trying to pass a fake bill even fake $5s or $10s.

    They would never do it if it was always caught. They wouldn't bother trying it if it didn't work on anyone. That's how all the Nigerian princes stay in business too!
  14. Conder101

    Conder101 Numismatist

    You think they mark the customs form "Fake silver plated coin", nothey probably come in marked coins or numismatic items. The US has no import duties on coins.
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