Well done! That was an easy counterfeit detection, but the great thing is that you detailed the many diagnostic points to check. A service to the community - thank you. "A fool and his money......" ...if they don't watch this video.
The US Government needs to intervene, investigate, and bring both the producers & sellers of these coins to court. eBay is flooded by scammers, and my assessment is that eBay is complicit in what´s going on by apparently not doing anything effective to stop these criminals.
You want the government to prosecute people in China? Ebay is a business, i report fake coins all the time and they never pull them. The people reviewing the reports aren't coin experts.
Thanks for calling these scams out! A friend of mine called me yesterday and said, "Hey, I got an offer for silver eagles at $20 each ; Buy 4 get 1 free. Is that a good offer?" After I finished laughing, I told absolutely NO! Its a scam. So much junk out there. Things like this hurt the hobby and stacking.
I saw that ad on Facebook. My first though was, who would be dumb enough to think they could buy a brand new silver eagle for LESS than melt price. A fool and their money...
Thanx for doing this video and including the ugly details. This does not surprise me because anyone can buy slabs and print labels. If its too good to be true it probably is.
Wow. That is such a poor counterfeit. They weren't even trying. We all get scammed sometime, but to fall for this? It makes no sense that it would sell below spot. A fool and his money are soon parted.
This is one of the problems inherent with even having grading companies in the first place. People always say, "Buy the coin, not the holder.", which is good advice, but it's advice many people don't do. They see a coin in a slab with MS70 or PR70 on it, and they buy it, no questions asked. But ask that same person to pay you MS70 money for a raw, genuine coin that you BOTH agree is a 70, and all of a sudden that price changes. Odd, ain't it?
I just watched one of my coin club members sell one of these to another one of our coin club members for $28. I said that PCGS never slabbed a coin in a knock off NGC holder that you can open up whenever you feel like. One look at the coin and you know it’s a fake. Also, the coin in question had marks all over it just like your ms70.
Yo ..... as you stated, everything is wrong with this !!!! It doesn't even look like an authentic NGC holder without a lot of research !!! Thanks for posting this .....
I always thought the phrase "First Strike" is a marketing scam also. The phrase should mean the very first coin stuck with that die; not the first 500 or whatever subsequent quantity. They are the second struck, third stuck, forth stuck, etc.
Yeah, I guess I've commented on videos early before too. LOL. Fake silver sucks. That's why I tell people it's important to get very familiar with the types of silver you intend to buy and learn how to check it yourself.@@BillGuyHawaii
Also just fyi there are some bullion ASE with mint marks emergency issues and some of the ones that they ask for information on the information freedom act where the mint tells what mint made what coins but they have to be unopened in mister box but there are a few out there
Thanks,,I have a lot of silver and I use weight to tell if it is real..A 1 oz silver american eagle should weigh 1.1 oz,,, 1 oz of silver and the rest is copper for duribility,,,
One scary thing is a scammer could put a real 1999 silver eagle that were previously graded an MS69 and crack it out to put into a fake MS70 PCGS or NGC holder. Then the coin jumps from $80 to $7000. 1999 was a year when there weren't many MS70 silver eagles. They once sold for $20K around 2010. I don't think the Chinese have access to genuine US coins.
Any gold or silver coin/bar that sells for less than spot is 100% guaranteed counterfeit. They sometimes show up on ebay and sadly there are a lot of buyers who aren't aware that they can't get a real 1 oz gold bar for $1700.
Wolverine , thanks for the vid , good to know these are out there . did you also do a vid on people taking a (real ) graded coin out of a (real ) slab and replacing it with a counterfeit ? I wasn't sure but I thought it was your vid . Anyways thanks again for the vid .
@@Whaticansayaboutit How can I be sure if its real??? Some of these fakes are really, really good. WOLVIE' only just showed you a poor example. (How do you test Silver or Gold sealed up in a Slab?) 😐.
This fake was obvious but you could have done a little more on the PCGS security features and slab identifiers. For example the logo & nfc logo in the bottom corners. The curvature of the corners. The unique stacking lugs on the corners (which I hate btw!). These things might help someone looking at a good fake being sold for a more normal price. It is not uncommon for scammers to put a real eagle in a slab labelled as some kind of desirable year etc. Example a $4000 coin selling for $1500 (or maybe $3750....😮)
Wow def fake when something is to good to be true then something isnt right.. alot of scammers out there.. so careful when buying all online and outside of the net and watch for prices... glad i learned all this time from old time stack / collectors that been in the game for a good good while hope the new guys also learned from this and everyone else videos..
That a horrible counterfeit. The color is all wrong. Did you take a magnet to it? I would like to put it down my CCT silver slide and see what it does! 😻😻👍
Just so you know.....The following "THUMBS UP AND ALGORITHM FOOD" is 💯% Genuine and Authentic...(Including the cigarette smoke that comes with it) 🚬😎👍.....😝!!!
I could tell it was fake by just the thumbnail image. Sad people dont educate themselves before investing into new things. Gold, silver, and crypto require alittle effort to safely buy
At first glance if you can NOT tell this is fake you need to get out coin collecting period it’s a NGC style holder with PCGS on it they as in PCGS never have had slab that looked anything like this and the coin is awful also
