Fake Silver Bullion
Beware of Fake Silver Bullion
In this video we see some fake silver bullion a purchaser spent about $80 USD to buy. All of us who purchase precious metals are looking for an enduring, safe store of values. One of the most important things when purchasing precious metals is only deal with reputable dealers who you trust and who have a good customer record. It’s no sense in saving a few percent and getting a “buy” on silver that later turns out to be fake. Counterfeiters are getting more sophisticated and the counterfeit copies are often getting harder to detect. Simple tests like visual, magnet, sound, etc that were used in the past to identify fake coins and separate them from the genuine coins often don’t work today. So please ask the dealer you are buying your bullion from what tests he employs to insure your coins are genuine and what his return policy is it the coins he sells to you prove to be fake. Most reputable dealers will stand behind their products.
In this video the purchaser ordered 3 Scottsdale silver bullion bars. He spent about $80 USD on what he thought was a good deal. Luckily he was alerted by another precious metals purchaser that there were a lot of fake bars available on ebay so he tested them right away. How many purchasers just received their order and locked their bullion away and will only find out in the future that they purchased fake bullion. By that time the seller will probably be long gone. Hopefully ebay policies will allow him to get a refund. I wish him well but I would not put my trust and money in the hands of a seller who this purchaser now feels probably knew they were fake.
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That sucks! Shit like this makes me mad. at least your getting your money
back. I would hold your gold man. just my 2 cents ;)
That stinks, but I’m very glad that you figured it out in time to get your
money back. Maybe you should send the fakes to the illustrious
CyberCurtainTwitcher for proper examination ;)
I have bought over $10,000 in silver on ebay and now I am really scare
because I never text any of the items that I have purchased.Most of them I
bought from ebay but from scottsdale a dealer on ebay.I checked his web
side and seems like they are legit.
That stinks…. eBay should investigate these sellers that are ripping
people off… Chances are that seller will continue to rip people off, and
those 2 (still nice looking) bars will probably end up in the hands of
another stacker… Scratch them before sending them back… Cost the
scammer a buck he probably paid for that bar.
Oh, your a good man 🙂
Not magnetic and they are almost most stop on weight. They are extremely
good clad bars.
Which is defiantly a shame!
First off isnt it illegal to copy a companies product like that? I say
report that guy to the police! Second did you ever try a ping test? I dont
think you can fake a sound but i think the sound of silver is unique. Not
to sure though. Also was the weight right on these cause that would be
pretty impressive. Go after his ass man put this scumbag away!
Looks like the seller watched your video judging by the thumbs down!
I try to keep silver stackers worldwide up to date on what fakes are
currently circulating. There are many YT videos on how to test your silver,
including my own.
Keep yourself informed & stay safe.
PM me with the sellers details so i can keep an eye on them!
Wow that sucks, well at least you figured it out. Hopefully you are able
to get your money back.
yep, here in the usa……I ,bought two bars only for full spot price. just
got them today 10/22/2014 from ebay.then I opened the package weighed them
because my fake alarm went off in my head as soon as I felt them. it was
like there were bad vibes coming off the bars themselves. so after weighing
them one bar weighed 30.9 grams and the other was 31.6 grams almost a hlf
gram difference. then my alarm went off really loudly fake fake fake !!!
siren blasting fake!. so I called the local silver and gold buyer here in
town and asked if he would test them free of charge. yep ,sure come on
down. so I got into my truck drove to the shop and sat down as he whipped
out his testing kit and did a scratch test first, then I said if its fake
put the acid directly on the bars so there is no doubt……dang? as soon
as he put the drop of acid on the bar it burned the silver coating off in
less than 10 seconds. they were both some kind of bronze,copper,zinc. so
now I have filed a claim with ebay against the seller who may or may not
have also been taken by some other scummy dealer. so as they say don’t buy
any silver unless it is from a minting company even on ebay or anywhere and
then still test every piece of silver you buy… the same day you get
it………so there is no doubt its fake and then get a
refund………..check your silver-weigh it ,acid test it,even use a micro
drill bit if necessary and test the drill shavings…..they the
counterfeiters are getting almost as good as the mint itself at faking
these bars. I never thought I would buy any fakes off ebay or anyone else.
but? I guess we live and learn..
First off isnt it illegal to copy a companies product like that? I say
report that guy to the police! Second did you ever try a ping test? I dont
think you can fake a sound but i think the sound of silver is unique. Not
to sure though. Also was the weight right on these cause that would be
pretty impressive. Go after his ass man put this scumbag away!
Wait u got silver really cheap and it was fake, really….
Total shitbags!
It was once a hanging offence to counterfeit currency in the UK, not sure
that bullion counts though sadly. What little bullion I buy I always source
from established bullion dealers rather than ebay. I only buy my junk
through ebay as it mostly OK but there are a few duds that come along even
there so you need to keep an eye out. Glad to hear you got refunded.
When you use a magnet to test, it’s not just a matter of whether or not the
magnet sticks. Real silver when held at a 45 degree angle will ‘sort of ‘
attract the magnet…meaning the magnet will slide down the bar slowly. A
bar made of brass or lead or whatever, the magnet will slide very quickly
down the bar. Great vid, keep up the stacking! Hey if you are interested,
join our group ‘Silverbugs’ on facebook.
Tough break bra, hope you get your money back soon.
Man that’s a real bummer :(
Whats the ebayers name that sold you this?
Thats why all but my orders from ebay have only been from APMEX, MCM and
Scottsdale’s only true store.
Wow man,good catch , business is founded on trust , dishonest people make
it really hard to do business , hopefully this video will wake people up to
what can happen
Uggh i’ve seen those, avoid them when they come in those clear glass
“squared off” capsules.
How much do they weigh?
Uggh i’ve seen those, avoid them when they come in those clear glass
“squared off” capsules.
Feel free to sell on ebay, but you really shouldn’t be buying second hand
bullion. Its better to just get low premium new stuff through the major
dealers that get direct mint shipments. Just my thoughts.