Fake Silver Eagles

Two counterfeit American Silver Eagles purchased from a company who advertised on Facebook.

There is at least one noteworthy numismatic article in the non-numismatic media most weeks. The news published this week was mundane and not worth noting.

The news worth reporting is that online scammers are changing how they structure their scams.

After examining the websites reported by several people, they are now:

  • The “companies” behind the scams are registered in London, and I am not sure why they chose London.
  • Five of the six companies investigated have registrations that point to the owners coming from India. The U.K. and India have had close relations following their independence from the British Empire.
  • The websites are hosted in the U.K. using a service that supports online marketplaces.
  • After examining a set of coins purchased by a reader, they resemble the counterfeit coins I purchased in 2020.

Many people have talked about doing something to combat counterfeits coming from overseas. Some groups tried to write letters without a response from the recipients. At what point does the numismatic industry stop writing letters and do something?

If the definition of insanity is doing the same thing over and over again, expecting a different outcome, numismatics may be ready to be fitted for a straight jacket.

Since nobody in the numismatic industry is coming up with a plan, I will develop one. It will be comprehensive and involve the entire industry. Give me a few months to research the possibilities.

And now the news…

No mainstream news this week.
Coin Collectors News


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