Fake Gold & Silver Flood The Market
Fake Gold & Silver Flood The Market
Silver Coin Dealers Are Reporting Very High Quality Fakes
Police are warning that fake U.S silver eagle dollar coins have been circulating in the city and have been sold to various establishments over the past few months.
Click to viewHamilton Police BEAR Unit have recovered over 500 US Silver Eagle 10 ounce dollar coins which have been sold to unsuspecting shops in the Hamilton area over the past few months. Visit Hamilton Police website at www.hamiltonpolice.on.ca for more details.
Fake Silver Flooding Market
Fake Silver Flooding Market - Mike Maloney & James Anderson
This Special Report on the growing threat of fake silver and counterfeit gold products will arm you with solutions on how to best avoid being ripped off by sellers of phony bullion products.
Oklahoma Coin Dealer Warns Of Counterfeit Gold, Silver Coins
Oklahoma Coin Dealer Warns Of Counterfeit Gold, Silver Coins Clink To Be Redirected To Video Interview ------> Oklahoma Coin Dealer Warns Of Counterfeit Gold, Silver Coins
OKLAHOMA CITY - Coin dealers are seeing a rise in theft with people trying to sell fake coins in the Oklahoma City and Tulsa area.
Rod Powers, an Oklahoma City numismatist, is warning dealers and consumers who are in the market to buy or sell gold and silver to take extra precautions of the coins they buy.
"If it's too good, it probably is not real," he said.
However, even the best can fall victim to fake coins. He says one of his employees recently was fooled by a collection.
"It looked good but $1,270 worth of product that is worthless," Powers said.
While Powers believes these sellers didn't know they were fakes, he says many people do know what they're doing. In fact, dealers are keeping a watch out for Gabriel G. Owen, who is suspected of selling $10,000 in fake gold and silver coins in Tulsa and $6,000 in Oklahoma City during the week of April 8.
"They're great counterfeits, beautiful counterfeits," he said. "It would be hard to tell without spending a lot of time from what I've seen."
Powers said he fears it will only get worse with the prices of metals rising.
"We get crime reports every other day, somebody that's either been robbed or duped with coins that are not real," he said.
So, if some dealers are getting fooled, he said general consumer doesn't stand a chance.
Continue Reading At The Source News 9
Woman scams metal buyers out of thousands with fake silver bars
Woman scams metal buyers out of thousands with fake silver bars
GRAND TRAVERSE CO. Police are looking for a woman who they say sold several hundred fake silver bars to local metal buyers under the guise that it was real silver.
According to police, a 40-year-old white woman came to the Traverse City area in late April and sold these metal bars to at least three different precious metal buyers in the area.
On April 27th, the woman walked into Bay West Antiques and sold 100 silver bars to store owners, Holly Dalley and her husband Pete. Real silvers bars are currently worth just over $24.00 each.
"She came in, she sat down, she had a couple of boxes," said Dalley. "She said there were 50 1-ounce bars in each box. I looked at the first one, I didn't take it out of it's plastic. I just saw that and said everything looked good. There wasn't anything that would have indicated that it was fake at all."
Police say the suspect was paid over $6,500 from three different local businesses and has now left the area.
"It's been in a couple different areas across the state between the east and west side of southern Michigan," said Detective Kevin Gay.
An investigation is ongoing and it is believed that the same woman has been responsible for similar incidents around the state. Police say there are dozens of victims.
Continue Reading At The Source Up North Live
Ring Test on a Real and Fake Engelhard 100oz Silver Bar
Silver Fake or Real?
Silver Fake or Real?
In Related News
Previously Posted On FUN Forums
Notorious Counterfeiting Operations Throughout History
All for the love of money.... Funny Money that is, lets take a look at some of the most famous counterfeiters throughout history
Numismatic Crime Increases: Coin Collecting A Deadly Business As Metals
A Million in cash and gold stolen
Man Was Robbed of More Than $2 Million Worth of Gold And Other Numismatic Crimes
Italy's Growing Gold Business Taken Over By The Mafia
CIA Archives: The Hollow Coin Espionage Case of Rudolf Abel (1958)
Money Maker
For almost five years in the 1990’s, university educated Wesley Weber ran the most successful counterfeiting operation in Canada-while still in his early twenties
Making Millions
Steven Jory was the most successful counterfeiter England had ever seen. Starting in the late nineties, he flooded the British market with fifty million pounds.
Masterminds: The Anthon Forgeries
Mark Hoffman made a career for himself as one of the most skilled forgers in American history
Masterminds: The Dunbar Heist
In 1997, six men entered the Dunbar Armoured facility in Los Angeles and pulled off the largest cash robbery in U.S. history: 18.9 million dollars of virtually untraceable bills.
The Numismatic Crime Information Center
The Numismatic Crime Information Center
The Best Secured Coin Shows for 2012 Once Again F.U.N. Makes The List Of Best Secured Coin Shows!
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Quick Links To 2013 FUN Show News
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Coin Tales From The Bourse Floor Video Interviews
Explore The Bourse Floor Video Interviews
2013 F.U.N. Young Numismatists Meeting
Minor Details: A Young Numismatist's Perspective On Coin Collecting: Featuring Abigail
Minor Details A Young Numismatist's Perspective On Coin Collecting: Featuring Justin Wurst
2013 FUN Boy Scout & Girl Scout Coin Collecting Merit Badge Clinic
Spotlight On: Dealer Club Original Hobo Nickel Society
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