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.
JOSHUA MCMORROW-HERNANDEZ
Caution! Hundreds of Websites Selling Counterfeit Gold and Silver 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."

This story is from the October - November 2022 edition of COINage Magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October - November 2022 edition of COINage Magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM COINAGE MAGAZINEView All
Is AI Smarter than a Numismatist?
COINage Magazine

Is AI Smarter than a Numismatist?

One of the hottest digital topics today is artificial intelligence (AI) and it hasn’t skipped the numismatic and investing worlds

time-read
4 mins  |
August - September 2023
The Coinage of MARCUS AURELIUS
COINage Magazine

The Coinage of MARCUS AURELIUS

The first half of the Second Century A.D. marked a period of prosperity within the Roman Empire. Wars had been fought and won by Augustus, and borders were established. These borders of the Empire had been successfully consolidated and secured later after the brilliant reigns of Trajan and Hadrian

time-read
5 mins  |
August - September 2023
LIKIN' IKE DOLLARS
COINage Magazine

LIKIN' IKE DOLLARS

The Eisenhower dollar, issued from 1971 through 1978, was a coin of firsts and lasts. It became the first United States dollar coin to be produced in a copper-nickel clad composition and the largest such produced

time-read
7 mins  |
August - September 2023
AMERICA'S Early Gold Coins
COINage Magazine

AMERICA'S Early Gold Coins

MUSEUM-LIKE TREASURES OFTEN SELL FOR RECORD PRICES

time-read
9 mins  |
August - September 2023
UNVEILING A COIN THIEF
COINage Magazine

UNVEILING A COIN THIEF

HOW NGC AND INVESTIGATORS EXPOSED A MOTHER-SON DUO

time-read
3 mins  |
August - September 2023
MEET JOEL ISKOWITZ: MASTER COIN DESIGNER
COINage Magazine

MEET JOEL ISKOWITZ: MASTER COIN DESIGNER

You might not know his name, but you very likely do know his classic coin designs

time-read
8 mins  |
August - September 2023
COINS As an INVESTMENT
COINage Magazine

COINS As an INVESTMENT

A Complete Guide to Coins to Collect That Should Endure

time-read
10+ mins  |
August - September 2023
A GUIDE to the Tetradrachm
COINage Magazine

A GUIDE to the Tetradrachm

THE STANDARD COIN OF ANTIQUITY

time-read
4 mins  |
June - July 2023
Inherit a COIN COLLECTION?
COINage Magazine

Inherit a COIN COLLECTION?

ADVICE FOR HEIRS TO DETERMINE NEXT STEPS

time-read
7 mins  |
June - July 2023
Collecting Vintage U.S. Silver Commemorative Coins 101
COINage Magazine

Collecting Vintage U.S. Silver Commemorative Coins 101

RARE U.S. COINS FOR ANY BUDGET

time-read
6 mins  |
June - July 2023