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 Replies: 22 / Views: 10,997 |
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Pillar of the Community
United States
3276 Posts |
So I found a great deal on craigslist for some silver. seems like such a good deal that I hope it's not fake. i'll bring my scale with me to weigh the coins.. do you think anyone might own a stack of fake silver coins? $20 face value of 90% silver for $300. besides weight, what else can I look for for counterfeit coins?
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Pillar of the Community
United States
667 Posts |
That is a nice discount when even most dealers are paying between $24 and $27 as of this past Friday. Take a magnet too - anything is possible with silver at this price.
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Valued Member
United States
397 Posts |
I've bought a ton of coins off craigslist, only 4 were fake, all from one seller who had chinese 'silver dollars' which are regularly counterfeited. Some deals I've got have been absolutely amazing.
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Pillar of the Community
United States
648 Posts |
Just don't end up like this dude & good luck with your purchase. I would always meet IN a bank (indoors). Cliff Notes: Fremont Police Lt. Kurt Bottorff said a 64-year-old Fremont man looking to buy gold coins responded to a Craigslist ad.
The man met three people at Clemmons Park and showed them that he had cash for the coins, but was sprayed in the face with mace.http://fremonttribune.com/news/loca...4c03286.html |
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Pillar of the Community
United States
1026 Posts |
Well me thinks that guy was not to smart me three of us in a park bring your cash :)
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Pillar of the Community
United States
1150 Posts |
He wasn't very smart, but he was lucky he wasn't killed. I always buy off craigslist and meet in a very public place that has cameras, and I always have my Glock 37 on my hip.
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Rest in Peace
United States
9104 Posts |
OP-
You've seen enough silver in your life that you ought to know what it looks like by now. If there was any significant counterfooting of 90% coins, I'm sure it would have been on the front page by now. Buy it before someone else does.
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Pillar of the Community
United States
4008 Posts |
Quote:
You've seen enough silver in your life that you ought to know what it looks like by now. Indeed. We all have. On the other hand, silver plated junk LOOKS exactly like silver. Weights, measurements, and a cheap magnet might help separate the drek from the goodies, though. |
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Pillar of the Community
 United States
3276 Posts |
I haven't seen too much silver. Lol. I'm only 22 and didn't college coins until about 9 months ago. So I didn't even know about silver before then. haha. But yeah the guy sounded sketchy on the phone so I avoided him altogether.
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Pillar of the Community
United States
667 Posts |
We all started from ground zero. You are starting a few years older than I did. I started by buying one ASE every pay day at age 19, haven't missed a pay day in many, many years. I thought they were expensive back when I was buying them at about 6 bucks or so. |
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Valued Member
United States
302 Posts |
Let your 90% silver coins talk to you. Once you understand what they are saying, you are not likely to get taken. Counterfeit coins will not ring, they will clunk when dropped on a hard surface. Real silver coins always ring. Dang! I just grabbed a dime from my pocket to hear it talk. It said, "silver!" I looked. 1953 Roosevelt dime! Been years since I found silver in circulation!Try dropping copper clad coins and some 90% coins. Learn to recognize how they talk to you. If they say "silver" they are silver, not fake. If you have some iron slugs, like from electrical boxes, listen to them talk, too. Silver coins have a different color than other coins. Learn to see silver. After you have seen lots of silver coins, you are not likely to get burnt. The color of silver is a dead giveaway. And when they talk to you, you know for sure what you are buying. Other coins speak their own language, like pennies. Try various years of pennies and they will tell you 'copper' or 'zinc.' |
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Pillar of the Community
United States
4008 Posts |
Quote:
I thought they were expensive back when I was buying them at about 6 bucks or so. - mkfarm Isn't that the way of it? I thought that when gold hit $500... and then $1000... and then $1500. Will be look back at $1750 gold in the same way in a few years? Maybe we will.  |
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Pillar of the Community
United States
3276 Posts |
The lowest I have ever seen gold is like $1380 or $1400. Once again I was oblivious to precious metals and coins until about december 2010. So I'm very new. I wish I saw prices all of you have seen when you first started collecting. But... Maybe in 20 years I will be talking about how cheap everything was these days.
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Valued Member
United States
117 Posts |
I started about the same time, Late 2010. And I blame you guys. LOL.
It all started with me sitting at work, working my butt off... o.0
And some guy comes up to me and says, "check out this weird coin I found." I google it, leads me to this forum...BAM! I'm hooked. Started Roll hunting (but stopped since it effected work :P), got 3 bank tellers silver hunting for me ;) and now I've been waiting for the conventions to come around so I can get a chance to get something nice. I work long hours so never get a chance to visit coin shops. And so I've been slowly buying things when I get the chance or from craigslist. Never liked all the fees and shipping costs for online purchases, but I do stare at them all day long. So beautiful. Wish I lived in Australia with all their different silver bullion coins. *drools*
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Valued Member
United States
302 Posts |
The lowest I have seen gold is $35 per ounce. Lowest for silver was $1.29 per ounce. That was a few days ago, though.
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Pillar of the Community
United States
3276 Posts |
$35 an ounce for gold. holy cow! when on earth was that.
and same here Eupion. I looked up coins all the time and the answers were always here on this forum. google always led me here. and now I'm hooked as well.
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Replies: 22 / Views: 10,997 |
Posted 08/13/2011 09:26 am
