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 Replies: 10 / Views: 19,020 |
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New Member
United States
16 Posts |
last fall, went to a reputable coin shop, got a one pound morgan that was sold to me as pure silver bullion with date of 1878 on obverse and on the reverse under the eagle it simply read " one pound" after researching it extensively before storing it away, found out it was one pound copper plated in silver! was so upset had multiple documentation from online sources, took that one pounder back to the coin shop, Dealer cut the thing with a knife put some drops on it, said if it turned green it was copper, sure enough! copper! the guy laughed! then gave me a real pure one pounder morgan that read one pound pure silver under eagle and was also marked on the edge of coin as one troy pound of silver. had I not researched it before storing it away, would of had a copper paperweight, here are some pics of that fake thing. new one I received from dealer was from Washington mint and Ive verified its pure. now that I look at it looks transparent with copper reflection. in any case beware out there.   Edited by tony1969
04/25/2018 12:07 pm
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Pillar of the Community
United States
1475 Posts |
Thanks for the info.
You have to do due diligence when purchasing bullion pieces!!
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Rest in Peace
10197 Posts |
For that amount of silver, you're fortunate to have gotten your money back or even an exchange! Not to be a spoil sport, but are you 100% sure of the replacement? Chinese fakes also have all the right sayings, in the right places. For that amount of weight, I would cut test the replacement as well, waaayy too much fake bullion. My LCS will sell it, but is reluctant at best to buy it from a walk in, even a repeat!
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Moderator
 United States
56855 Posts |
Don't forget to weigh it also. John1  |
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Pillar of the Community
United States
8715 Posts |
A lot of fake bullion on the market nowadays. I would test the replacement one as well. The Chinese are getting better at fakes.
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Pillar of the Community
United States
3184 Posts |
with those larger bullion pieces, I had heard if it doesn't say silver, most likely they are all copper plated like yours.
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Rest in Peace
United States
17900 Posts |
China is producing plenty of copper marked as silver. What it says may be suspect regardless. ASE are the only bullion I trust as the China fake ASE are really easy to spot. |
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Bedrock of the Community
United States
36678 Posts |
I'm having trouble with the phrase "reputable coin shop". The dealer selling this thing should have known.
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Pillar of the Community
United States
4333 Posts |
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
 United States
16 Posts |
The coin shop has a perfect 5.0 rating and the owner old guy did laugh and do think he might of suspected .yes indeed coin should and will always be marked on it if .999 pure silver and/or some kind of CoA or something for verification. and he gave neither, and new one I had tested and is more beautiful and matches my other bullion. what made it more frustrating was circumstances caused me to not be able to get to the coin shop in 2 weeks time. so researched it exhaustively and found it was likely from publishers clearing house or time magazine paperweight or from national collectors mint or American heritage society or all the above. the usual suspects... in anycase was deceiving and for 2 weeks kept wondering, is that guy gonna remember me from that long back and the $260 plus I paid for this thing! and he remembered alright! and he laughed when it turned green which I was surprised by.
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Bedrock of the Community
United States
36678 Posts |
At least you got your money back and learned a valuable lesson. I for one would never use that guy again.
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Replies: 10 / Views: 19,020 |
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Posted 04/25/2018 12:17 pm
