Beware! Counterfeit American Silver Eagle in MS70 PCGS Slab - Pay Attention to these Details...
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- เผยแพร่เมื่อ 6 ต.ค. 2024
- Counterfeit American Silver Eagle in MS70 PCGS Slab - Pay Attention to these Details...
#silver #americansilvereagle #counterfeit
Disclaimer: At times I will share MY thoughts and opinions but they are exactly that “My” opinions. I do NOT give advise. I am a amateur Stacker, Collector and investor.
On my channel I may speak about precious metals,and maybe cryptocurrencies at times among other topics including but not limited to other "markets," and current events. I am not a financial adviser and do not charge anyone for my videos/opinions, this channel is for ENTERTAINMENT purposes only. My views/statements are ONLY my opinions that I have formed on my stacking/collecting journey. You are responsible for your own stacking, trading, investing, etc. Please do your research I am not responsible for your actions. I would highly advise seeking advice from a licensed financial advisor. Not from me
The $19.99 price should be an immediate red flag. Thanks, Wolvie.
Not to mention says PCGS but in a NGC holder 😂
19.99 is like a Earl Schieb paint job on that used Yugo you bought
Agreed.
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.
Good mention !!!
Thank you!
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.
they orginate in China. Nothing they can do.
Great overview and demonstration of the fake eagle and slab and I love it when you bounce on over!
LOL, Thanks Sal.. I will bounce over to your channel soon
Cross between PCGS and NGC Slab. Hybrid slab. I am such a pro at breaking open a pcgs slab.
You have issues...
@@andyreznick I do but you love me just the way I am!! Lol
LOL
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.
Thank you Sir
Appreciate the deconstruction of the counterfeit
Look up the number. Show people how to check pcgs and ngc certified coins.
If you had watched the entire video, you would have seen him look up the number.
I commented as soon as I saw the slab. I watched the whole thing. Good job. Lots of fakes. People will click on that content. Thanks
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
Watch the whole video.
@@richardmetcalf2346 I commented as soon as I saw the slab, obviously a fake. Thank you for your viewing suggestion
Would love to see more tests. Magnet slide, weight, etc.
Just you eyes alone should do. No other test needed. LoL
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.
The advertisements often show real coins but send something different.
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?
You should pay by credit card - then you would be protected.@@SilverWolverine95
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.
Big like number 117! FABULOUSLY done and thank you so much for sharing!
Thank you SW, great video. 👍
Thank you Dennis
Right of the bat. The print is off. No good deals. Beware
My buddy just bought some of these. I need to
Share this with him! Thank you. Very informative!!!!!
Oh no! Thank you for watching!
awesome video thank you
I hope I never come across something like that thanks so much Mister Wolverine
Thank you!
Interesting topic Wolvie. Great job.
Thank you Lisa
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.
🫤Welp..... Good thing I would never buy anything in a Slab 😳.
(🤔 Mebbe' a Slab of Bacon 🥓)...But not Precious Metals 😐.
Oh common. Buy a genuine slabbed coin if you like it.
@@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?) 😐.
I like the way you think, speaking of the bacon exception. 😂
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.
Thanks for bringing this to light. 🇺🇸 👌
Thank you!
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...
Cost more in fee's. Research everything people. I despise fake anything. Great job sir.
Thank you!
Very thorough coverage. More proof that you need to buy from a reputable source.
Indeed! Thank you!
Selling an MS70 certified coin for $19.95, would tell me everything I need to know.
A slab PCGS with a label and in a NGC holder
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 .....
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.
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
emergency issues do not have Mint marks.. They have labels in a slab
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,,,
Thank you -- very nice job!
Where is the Secret Service. American money
Thank you, I have learned a lot on your videos! #peace
What's the metal composition of the fake?
I added a lengthy comment about my unique experience with counterfeit American Eagles. It does not show on your other comments. Can you tell me why?
Sometimes TH-cam removed comments for no reason.
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....😮)
What’s it’s composite?
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 .
Thank you!
I mostly purchase ASE from the US Mint, That's my guarantee that they are real!
Its crazy how much effort people put into making fakes. Why not put that same effort into starting a legit mint lol great video fam!
Thank you!
Great Video Wolvie !!!!!👍👊
Thank you Gold Aztec
P.S. some are even Magnetic!!
the price was a giveaway. I only buy coins from respected sellers.
What's that old saying if it's too good to be true it usually is.
Looks good to me
Education is key. He should have known right out the gate that it was a scam. $20 is less than the grading cost for crying out loud.
The company didn't advertise it was graded and he is not a precious metals or a coin guy.. That who these companies try to find.. Thank You Richard
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! 😻😻👍
I have a video coming out with the magnet test
@@SilverWolverine95 cant wait.
That would be a great deal! But I already know it's fake just based on the price.
With premiums so high they could afford to make pure silver knock offs and still turn a profit.
$4 over spot?
So sad, you can’t drop your guard!!
If it seems like a deal that is too good to be true then it is. Under spot should be your point. WTF?
Lots of valuable points in this video... Can a scammer sell you a fake coin over spot?
As soon as i saw the slab, i knew it was counterfeit. Not even close to pcgs genuine
Yup!
🤔 If it's profitable to counterfeit something.....Then somebody will find a way to do it. I don't care what it is 😳.
Always buy from a legit dealer
Never buy slabbed coins
Why not? It’s fine
You can tell it’s fake because it doesn’t have milk spots!
Haha
so you got it , lol
Got what?
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
I can tell from the first 30 seconds the slab is fake
Just so you know.....The following "THUMBS UP AND ALGORITHM FOOD" is 💯% Genuine and Authentic...(Including the cigarette smoke that comes with it) 🚬😎👍.....😝!!!
My appreciated that the THUMBS UP AND ALGORITHM FOOD is not fake even with smoke lol
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
True! Thank you
Just 1 look SW you can tell. Well at least I can tell it's 100% fake. Wow!
If you buy one of these to begin with you deserve to be scammed