Fake Silver Coins

[benjamen]

http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=2869

"The popularity of lunar coins has grown of late, making the coins an excellent target for counterfeiters."

Another reason to avoid the "collectible" coins.
:cheers:

 

[bushi]

http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=2869

"The popularity of lunar coins has grown of late, making the coins an excellent target for counterfeiters."

Another reason to avoid the "collectible" coins.
:cheers:

..hmmmm, one would think that counterfeiting silver coins is not very cost-effective thing to do, if you are a criminal - you have to move a lot of counterfeit inventory, to make any significant money?

 

[benjamen]

..hmmmm, one would think that counterfeiting silver coins is not very cost-effective thing to do, if you are a criminal - you have to move a lot of counterfeit inventory, to make any significant money?

I think is the combo of lack of detail in the design and the higher price these sought after designs go for.

From the article:
"The major issue with this fake is the lack of detail in the design elements."

 

[pmbug]

..hmmmm, one would think that counterfeiting silver coins is not very cost-effective thing to do, if you are a criminal - you have to move a lot of counterfeit inventory, to make any significant money?

"How do you make money doing this?

Simple. Volume."

http://www.hulu.com/watch/2315

 

[silvercoinrn]

Does anyone know where i can get fake coins? Iv always wanted to see some and also to have as a reference for other coins that i am buying. But i want the real ones not the ones with copy on them

 

[pmbug]

Some fakes have been know to be sold on eBay, but they aren't advertised as fakes, so YMMV.

 

[Cybrsk8r]

What are these coins made of? It doesn't say whether these coins are actually silver or if they're non PM with silver plating.

 

[benjamen]

What are these coins made of? It doesn't say whether these coins are actually silver or if they're non PM with silver plating.

I'll gladly take a few fake silver coins that are actually platinum!
:cheers:

 

[bushi]

"How do you make money doing this?

Simple. Volume."

http://www.hulu.com/watch/2315

...yeah and that's my point, they would need to move a lot of fake inventory, to make any significant money on it, which increases risks of discovering counterfeits, IMHO

Although, on the second thought - unlike counterfeit paper money, most of these coins will be bought for stacking/hoarding/saving, so there is a good chance that once it gets into the hands of a victim, it might went undetected for years, even decades (if one is saving them for one's retirement - OUCH!) - until one wan't to spend them in the future...