Yes, I agree! It seems like their fraud department doesn’t do the best job at keeping fake coins on eBay. That’s why it’s important to know what to look for when buying g coins so you don’t get scammed.
Yes, I guess I should have said try to stay away from 3rd world countries. China is really not a 3rd world country but they sell a lot of replicas from there. I would say it would be safe buying from Canada most of the time.
I reach out to EVER SINGLE ONE of the sellers in China and ask them how exactly they source our silver dollars from 100 plus years ago, and how they can sell them & make any $ on them at that price, then I ask what they weigh.... No response ever
I have been buying and selling on eBay for a dozen years. When buying any sort of collectibles, I don’t ever buy from China or Shanghai (yes I know it’s China), Singapore or Hong Kong.
That definitely wouldn’t hurt. You can also weigh them and see if the weight is right. Most of the time the fake Morgan’s don’t have the proper weight. The weight should be around 26.7 grams. If the coin is circulated it could be less but it probably needs to weigh at least 25 grams to be most likely real. A coin shop could tell you for sure tho. They should have all of the tools to tell you if it’s real.
Thanks for alerting everyone to the fake Morgan silver dollars being sold on eBay. I too have been dismayed to see how many are being sold to unsuspecting buyers. I do buy raw Morgans on eBay because the slabbed and graded coins are just too expensive. However, I'm an experienced buyer and know what to look for. That being said, I have had a few slip by me, due to poor quality pictures posted by the sellers. Thankfully, I have never lost any money because of eBay's buyer protection program.
Yes, you have to be very careful when buying raw coins on eBay. Even graded coins can be faked because they are faking pcgs and ngc holders now. It’s good to know what to look for and eBay is pretty good at protecting the buyer which does help. It would be nice for eBay to do a better job at catching these fraudulent sellers before they take advantage of people.
That is definitely possible. I definitely see some red flags from the coin pictured but it’s hard to tell without having the coin in hand. I know for certain that the coin that they send you will be 100% fake!
The Chinese are brilliant. They have managed to create magnetic silver. I was standing in coin shop last week and a fellow came in wanting to sell a Morgan. The clerk put it on the counter and picked it up with a magnet. This wasn't even a good fake. The fellow said he bought it online and had more at home. He wanted to how to tell if they were fake. We told him: "Go to a hardware store and buy a magnet. For one online company (E- something) the best reason to give for a refund is NOT AS DESCRIBED.
Haha yep! The Chinese definitely have found a new type of silver to use. Who knew they would be able to create a magnetic silver lol. Yes, fortunately eBay does have a good buyers protection policy built in. The issue is that people need to know that the coin they are buying is fake in the first place when they receive it.
@@jadonnoble5621 I'm glad you put up this video. There are so many types of bad coins out there even knowledgeable people can get burned. There are very good 1909 S V.D.B. pennies floating around. However they neglected to put the periods after the V, D and B.
I wonder if people who buy these coins on Ebay check out the seller. I always do and look into the seller online to make sure they are legit. I wonder also when this gets reported will Ebay contact these buyers who got scammed and and refund their money. Very informative video here.
Thank you for the feedback! It seems like people don’t look as closely as they should at who the seller is and whether they are legit or not. I don’t believe EBAY does refund anyone’s money even if the seller gets reported. I’m assuming it is up to the buyer to go through the process of getting a refund. EBAY is actually pretty good at protecting buyers but it’s up to the buyer to take action in order to get a refund.
@@creativity.studio4967 yes definitely! The buyer is really the only one that can do anything. They have to request a refund if they figure out they’ve been scammed.
Yes, you are correct! I’ve seen a lot of fake holders coins but I’m surprised at how many of these listing are on EBAY right now. There are probably around a 100 of these listings floating around. Hopefully eBay will ban these sellers and listings.
@@jadonnoble5621 I report when I see things, but you know as well as I do- one could easily spend 24 hours doing that, only to wake up and see just as many, if not more the next day. Back in the last run up in the early 2000s, there was a story about a fake gold kilo bar in NYC and a clip on a fake junk silver factory in China- they acid washed the coins to make them look legit. I remember seeing that and saying next run up fakes will be super big.... There are more out there than people may suspect. Good Luck & I'll Keep Reporting Along With You, GEG
Usually don't buy raw Morgan's online unless I've had buys on slabed graded coins from a trusted person or dealer.Recently found several fake Morgan's at a peddlers mall,they weighed about 25 grams.
I agree! You should very rarely buy ungraded Morgan’s on eBay. It’s way too risky. I saw some of the negative reviews for these eBay scammers and a few said that the Morgan’s were fake and only weighed a little over 20 grams. Not even close to the right weight.
