So You Buy Your Pm's From Ebay

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I'm very new - how do you quickly learn to tell the fakes? I realize everything takes time, but are there specific areas in the forum I need to read? I've bought from a reputable coin dealer locally so I hope so far I'm learning as I go. Thanks for any advice.

That new lady on the original storage wars, Ursala seems like is her name, bought this great locker for 500. It had a 300 dollar sofa in it right of the top, and some other miscellaneous that got her 500 investment back.....

Then, she hit the MOTHERLOAD, small proof sets to start, nothing much 5 to 10 bucks each, 15 here 20 there. Then they hit the 90% silver an some basement grade Morgans and the total started up nicely. Five hundred bucks worth of some nice old paper currency in sealed plastic...

Before you knew it, the coin guy said she had about 1600 worth of coins, all profit. The last thing she had the coin guy saved for last, via a sheet of old coins. Like 8, most notably a real old Eagle, like late 1800's. It turned out to be the only real one. And the others in that pack they were all excited about all stuck to the magnet, FAKES. Silver does not magnetize, so good place to start on the hunt for a fake.....

There was a fake 1872 Trade dollar, and if it had been real, it would have been worth a $1000 alone the coin expert said. The guy who bought it, no doubt he didn't know, you could tell that was a hand picked collection. And that locker was old, like 15 to 20 years, so just goes to show fakes have been around for years....

I know I am long winded, but another great show on history shows how an ex con turned good does what he does. Everything from the old accidental bump, via con drops the OLD cell phone that is designed to fall apart, and gets victim to give you a quick 20 out of guilt. Half of the 40 dollar temporary cheap phone cost, which the con needs replaced for work emergency of course. You can stand on a corner an take 20's all day, as he showed....

Don't get get holding the cat in the bag, ever heard that?

Going back well over a hundred years, more like hundreds of years, they would put your nice pig you bought in bag, distraction, switch out, you get home to find an old alley cat in the bag, not dinner. Be smart, there out there....

He executed it with a laptop Craigslist scam. He met two potential buyers for lunch in public, one was his partner. The replacement box had a rock in it, he formed distraction with his partner gal who said she needed take the laptop to where her boyfriend was so he could see it. He leaves the brick (hidden in exact same laptop box similar weight you see), and as he puts guys money in jacket. He then quickly switches envelopes in his inner coat pocket, pulling BACK out the fake envelope with papers NOT money, giving it back to potential buyer. Saying no worries hold this and the OTHER laptop in box, I will be right back. Later victim learns he holds just a rock an paper, and of course the con made off with the real prop lab top and his 300 via the great deal he found on Craigslist rof.....

The Nigerian money exchange con is amazing how they set it up, take the guy they plan out to dinner to establish trust, the entire 9 yards. Be weary I say, be very weary.....

, terrib!

To learn fakes, you study. Look at known good coins, then compare them to a questionable one. Weight and measuring help, too--in the EZ Pawn example, weight was a dead giveaway, and no one who has bought coins for 20 years should have been suckered by them.

Another idiot "expert". Trade dollars weren't minted until 1873.

I was sitting here at the new job reading the book with old coin info studying if you will, and it says the Trade dollar started in 1873, just as you called it BF. No doubt, you are like a coin information computer, love all that great info.....

Man I have learned much the first day at the coin shop. About 7 to 10 people came through and we bought some scrap gold an silver, and a proof eagle an burnished variety. I learned how to use the program that tells us what to offer, anywhere from 50 to 80% under spot. Plug in gold silver, what karat and the penny weight formula. Used the rub rock an acid, found some fake stuff, used the magent, great learning day to say the least....

I nearlly lost it when I saw us buy that Proof eagle for 29 an some change an the burnuished for 28 an some change. Really, lol. I wanted to say here Jessica, give you 35 for each rof.....

Yes good call Fredd and I will indeed see if I can find more out about that for ya, and I think it is commercially available, but could be a script made by the company computer geeks, I will investigate further an get back to ya....