Counterfeiters Have Reached A Whole New Level

To participate in the forum you must log in or register.

Author	Replies: 6 / Views: 1,751
OldSkoolMadSkilz Pillar of the Community United States 2077 Posts	Posted 02/07/2015 10:35 pm I just read a post in the ebay community where someone bought small silver bars from a seller in California. they arrived from China. The buyer was suspicious and had them tested. Silver plated aluminum filled with lead. If I'm not mistaken, this used to only be practical with larger bars. Now if they can do small bars, how soon will they figure it out for coins, if they aren't already. I don't know the exact size yet, but the seller mostly has 10g to 1 oz bars. Edited by OldSkoolMadSkilz 02/07/2015 10:36 pm Report this Post to the Staff

SteveCaruso Pillar of the Community United States 1796 Posts	Posted 02/07/2015 10:44 pm Bullion has been counterfeited from 1 gram up to 10 oz+ bars. Tungsten core is the construction of choice for gold (almost identical density and specific gravity), and copper or aluminum-lead core is the choice for silver (similar diamagnetic properties). Report this Post to the Staff
OldSkoolMadSkilz Pillar of the Community United States 2077 Posts	Posted 02/08/2015 02:30 am So this is nothing new? 1 gram? Seems like a lot of work for something with almost no value. I guess nothing is safe any more. they should just start making lead bars. that would be hard to counterfeit. Report this Post to the Staff
Celticsoul Pillar of the Community United States 1566 Posts	Posted 02/08/2015 08:11 am Crooks will try anything to make a buck. Or a Yuan. Report this Post to the Staff
SteveCaruso Pillar of the Community United States 1796 Posts	Posted 02/08/2015 08:50 am It wasn't until the commodities boom of 2009 that it was profitable, and even now they've already made their investment in equipment back, so they make up for narrower margins with volume. Edited by SteveCaruso 02/08/2015 08:51 am Report this Post to the Staff
OldSkoolMadSkilz Pillar of the Community United States 2077 Posts	Posted 02/08/2015 10:57 am Quote: It wasn't until the commodities boom of 2009 that it was profitable, and even now they've already made their investment in equipment back, so they make up for narrower margins with volume. So basically as silver drops, they are putting in almost as much expense as a real product, but putting out items with no value what so ever. Report this Post to the Staff
SteveCaruso Pillar of the Community United States 1796 Posts	Posted 02/08/2015 12:15 pm Once it gets to a certain point, aye, that'll be what happens. Sadly, since they've already invested in the equipment and the infrastructure, that will be for a while off yet. We'd have to see silver much lower. And then they'd likely move much harder towards higher quality fake rarities. Report this Post to the Staff
	Replies: 6 / Views: 1,751

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.23 seconds to rattle this change.