So You Buy Your Pm's From Ebay

You may want to ask me to prove my case. How do I know that ebay is full of fakes? Those are good questions. Well here is some additional info.

http://home.comcast.net/~reidgold/d.../page_7.html

This is enough to at least make you think.

I have read the various Chinese coin counterfeiting stories from Coin World digital magazine early last year.

Our government can't seem to control the amount of fakes coming into the US, or do anything about it, one thing I avoid is buying large lot on ebay.

Another issue that most people don't think of is that people who bought fakes still don't know they are fakes. Anyone want to guess where they are reselling them.

I don't blame them they have no idea what they have. They have great ebay track records and are honest people. A lot of this fake silver is coming back into the market as people are trying to sell what they bought a few years back.

Eduction is key however, how many people take the time to do this. In addition some of the fakes are so good most people do not know what to look for.

Here is an interesting case, where you think this person would have figured it out first. Maybe it was greed or the good deal that was his downfall.

http://www.komonews.com/news/local/...ab=video&c=y

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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.