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RE: New website discovery... www.fakebullion.com.. ??
That sucks people do that. I don't spend a lot of time thinking about it, but when I do, it makes me mad. I wonder what percentage of global supply is counterfeit. What are the odds that a coin/bar/round that you buy from the coin store is fake?
There is always a slight chance items are fake in a coin shop or store. Some of the fakes are even passing the tests of some of the nicer sigma precious metal verifier. Which are regularly used by coin shops who don't an x ray gun.
Are they fake in terms of being made of something other than silver, or fake in terms of being made after the year stamped on the coin?
Are they fakes like the Engelhard bars that are actually silver, but aren't Engelhard? Or are they just not silver?
And they still get past the detectors? Wow
They are fakes in everyway you just mentioned. Some much better then others obviously. I have heard China is putting a thin layer of. 999 gold on the gold coins. Filling them with lead. The common bullion testers only test the surface so they pass. Scary stuff. Need the right equipment. I will reach out to you with some info.
That would be great! I want to keep collecting, but I'm starting to get worried as I collect more and more coins that the odds of getting fakes and wasting my heard-earned money is increasing. I try to only buy from reputable dealers, but maybe they're missing things too.
I'm not going to stop buying, but I'd like to know a bit more of what I'm up against. And probably not going to jump on any ebay sales anytime soon.