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Caution! Hundreds of Websites Selling Counterfeit Gold and Silver Coins
COINage Magazine
|October - November 2022
Looking to buy gold and silver, "Oliver," an investor in Texas, responded to advertisements on Facebook from two companies that touted exceptionally low "introductory offer" prices for silver and gold bullion coins.
He paid $1,000 and now is trying to get his money back because the "gold coin" and all 50 "silver coins" he received are counterfeits made in China, according to the non-profit AntiCounterfeiting Educational Foundation.
"I started suspecting they were not genuine when tracking information for my orders was in Chinese," said Oliver. "That was a red flag. I also saw the same advertisement online with the same format and same pricing but with different company names. When I received the orders, I thought I had gotten taken."
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