DO NOT BUY COINS FROM A FACEBOOK AD!
DO NOT BUY COINS FROM A FACEBOOK AD!
DO NOT BUY COINS FROM A FACEBOOK AD!

Two counterfeit American Silver Eagles purchased from LIACOO, a company based in China who advertised on Facebook.
Nearly every email I receive starts with the writer seeing an ad on Facebook and bought the coins advertised. The coins are always advertised below melt value and up to 75-percent off the published market guides.
A few weeks ago, the Anti-Counterfeiting Educational Foundation (ACEFonline.org) said they are helping an “investor” who bought counterfeit coins based on an ad he saw on Facebook. The investor paid $499 for what he thought would be 50 American Silver Eagles and $499 for an American Gold Eagle.
He is another scammed collector who bought coins from a Facebook ad.
Some legitimate dealers use Facebook to promote their stores. There are Facebook groups dedicated to buying and selling amongst members. These groups are self-policed and have no significant problems. However, we cannot say this about many of Facebook’s advertised content.
How to Identify Legitimate Sellers from the Scammers
Facebook provides clues on how to identify advertisers’ potential legitimacy. First, all advertised content is marked ”Sponsored.” Look below the company’s name; instead of the date, the post is ’Sponsored.’ If it is just a timeline post that the writer stuffed with keywords to game the system and get you to notice the content, it is likely not legitimate.
Look for the check next to the company’s name for Facebook’s verification. A company that has submitted to Facebook’s process for verification is likely safe. For example, the advertisement below for Moden Coin Mart shows a verified company with sponsored content. Modern Coin Mart is a good company with fair prices and will sell a quality product and should not be dismissed because they advertise on Facebook.
The following is an advertisement from BullionMax. BullionMax has not submitted its company information to Facebook’s verification process and does not show the blue check. But they are a company selling bullion. However, BullionMax is a company in that grey area between having a reputation that could pass a verification process and selling products at a premium price using advertising bordering on deceptive.
For a sanity check, I will search for the dealers in the Professional Numismatic Guild (png.memberclicks.net/find-a-png-dealer) and the Accredited Precious Metals Dealers (apmddealers.org/apmd-dealers) databases of members. If the dealer is not in either of those directories, I will avoid purchasing from them based on an online advertisement. Modern Coin Mart has employees that are PNG Members, and BullionMax does not.
For the record, I am not affiliated with Modern Coin Mart except as a satisfied customer.
Then you find ads that use the images of shiny coins to get you to click on their site. Sites like this pretend to be search engines but lead you to scam sites, and they get a kickback from the scammers for every click they generate.
If you see these ads or any other, click on the three-dot menu at the top of the post and select “Report ad” from the pulldown menu. It will send a message to a human at Facebook to inform them that the ad is attempting to scam people.
Caveat emptor.
A Medal Remembering OpSail ’86
I recently searched the popular online auction site and came across a bronze medal that made me smile. I found a 1986 OpSail commemorative medal.
Operation Sail (OpSail) was founded in 1963 with the support of President John F. Kennedy to celebrate significant milestones in the New York Harbor. OpSail features tall ships of the past but welcomes all sorts of ships from around the world. The first OpSail was the 1964 World’s Fair Parade of Ships. All OpSail events are on July 4th.
The third OpSail was the 1986 Statue of Liberty Centennial, and it was a big year that would become a year-long party for New York City. The Mets started hot and ran away with the National League East, leading to a World Series victory in the fall. The Giants ended their 1985 season in great shape during January. While the Mets were winning the World Series, the Giants were putting their imprint on the NFL, which led to a Super Bowl victory the following January.
In 1986, I lived on Long Island and worked on Wall Street, enjoying life. My parents came to New York for a visit, and we had to go to OpSail. We piled into my car and drove to the Fort Hamilton neighborhood, and we parked and walked to the park area south of the Belt Parkway.
I do not know if the park area along the shore has a name, but we joined the throngs of other people milling around the park to watch the ships sail by. While the parents stayed in one area, the group of cousins walked closer to the Verazzano Bridge to get a better look at the harbor. We had a good view of the water show from the FDNY fireboats. Later, we drove back to Long Island for dinner and took the train into Manhattan to watch the fireworks.
We made our way downtown to the area just north of the entry to the Staten Island Ferry to watch the fireworks. When the fireworks ended, we walked up a few blocks, grabbed some drinks, and let the crowd lighten before taking the train back to Penn Station and back to Long Island.
I dropped my parents off at their hotel before returning to my tiny one-bedroom apartment. The last thing I remember was sitting in a chair drinking water before waking up a few hours later in the same chair.
Finding the medal brought back the flood of memories from that day, and I had to add it to my collection.
While looking for more information about the medal, I came across a 1986 story in The New York Times that described the medals produced for the Statue of Liberty Centennial.
The medal’s obverse is the logo used by OpSail ’86, representing the tall ships surrounded by a rope tied in a square knot. The initials “gd” are along the rim under the left loop of the square knot. The reverse shows a tall ship passing by the Statue of Liberty.
The bronze medal is part of an official three-medal set issued for the celebration. The gold and silver medals contain one troy ounce of the medals. The one-ounce gold medal sold for $595 ($1524 in today’s funds), the one-ounce silver medal sold for $34.95 ($89), and the 51 mm 1.75 ounce bronze medal sold for $19.95 ($50).
The “gd” initials are likely for the Green Duck Mint of Hernando, MS, who struck the medals for OpSail ’86. Maranatha Holdings of Jersey City sold the medals for the organization.
Now that I know there are gold and silver medals for OpSail ’86, I have to find them to complete the set.
The New York Times article said that the Statue of Liberty Foundation issued 11 medals featuring different reverse themes. Frank Gasparro designed the medals. He retired as Chief Engraver of the U.S. Mint in 1981.
I added all 11 medals to my growing wishlist.
Weekly World Numismatic News for February 6, 2022
There was a lot of numismatic-related news this week that collectors should note.

Negro Leagues Baseball Proof Silver Dollar Coin and Jackie Robinson Silver Medal Set \
(Image courtesy of the U.S. Mint)
At the same time, the U.S. Mint announced the pre-sale for the Negro Leagues Baseball 2022 Proof Silver Dollar Coin and Jackie Robinson Silver Medal Set. The Jackie Robinson 1 ounce silver medal is currently only available as part of this set.
In a separate announcement, the U.S. Mint also declared that they reached the limit on the number of pre-sale coins for the proof and uncirculated American Silver Eagle collector coins. The announcement shows that the American Silver Eagle continues to be the U.S. Mint’s most popular collector coin.
On February 6, Queen Elizabeth II celebrates the 70th anniversary of her ascension to the throne of the United Kingdom and the Commonwealth Relm. While the country celebrates the Platinum Jubilee, it is a solemn day for the Queen because it marks the 70th anniversary of the death of her father, King George VI.
While Queen Elizabeth took private time to remember her father, the Royal Mint released a good deal of coins to celebrate the Platinum Jubilee. The current lineup includes gold and silver coins ranging from one-ounce to 10-kilo gold coins.
The Royal Mint and Royal Canadian Mint announced a two-coin silver set with coins designed to celebrate the Queen’s Platinum Jubilee earlier today. The Royal Canadian Mint will sell the set.
At some point, the U.S. Mint will release the 2022 National Purple Heart Hall of Honor that will include a colorized silver dollar. That will be exciting.
And now the news…








A CHAMPIONSHIP COLLECTIBLE
I have not talked about my favorite news of January, and I waited until I received a numismatic collectible to go along with the news. In case you have not heard
After Georgia’s 33-18 victory over Alabama to capture our first National Championship in 41 years, my fingers sprinted to the Georgia Bookstore website to place a significant order. Included in my order was the obligatory numismatic item to add to my collection
Struck by the Highland Mint of Melbourne, Florida, I added the gold-plated medal to my collection next to my 2018 Rose Bowl victory commemorative medal.
The Highland Mint has limited production to 5,000 medals. It is a 39 mm gold-plated masterpiece that has me excited.
The Dawg Nation has been celebrating for the last three weeks. We are ecstatic and will continue to celebrate for the next few months. In the meantime, I may go to the Highland Mint’s website to see what else I can add to my collection. HOW BOUT THEM DAWGS!
TEN THOUSAND!
Earlier this month, the Coin Collectors Blog passed 10,000 email subscribers. More than 10,000 people receive an email notification every time I publish an article. It is amazing!
I started this blog with a post on October 31, 2005. When I published the post, I did not know how long I would write about collecting, the market, my thoughts on the hobby, and anything else that came to mind. I did not think that I would still be doing this more than 16 years later.
The Coin Collectors Blog is a labor of love, and I enjoy the hobby so much that I want to share it with everyone. I seek out stories in the non-numismatic media to share with people on Twitter and collect news releases to publish on the Coin Collectors News site to give collectors a place to find the latest news.
Whether you are new to the blog or have been with me for many years, THANK YOU! Thank you for joining me on my numismatic adventures.
Weekly World Numismatic News for January 30, 2022
Several news stories touted the collecting of coins and said that coins are a great teaching tool.
A Chicago Sun-Times article suggested that parents use national coin storage to teach their kids history and economics. Coins have images of presidents, and presidents represent history. For example, the 50 State Quarters and America the Beautiful Quarters can help teach geography and history. Even though the Ohio quarter has a hanging astronaut, a parent can use it to explain aviation history.
From Ghent, New York, Ralph Gardner Jr. asks if coin collecting is making a comeback? Gardner admits that regular coin collecting is not a good investment. The opportunity for change hunting is limited, and the regular collector market is dominated by graded coins that are out of the reach of ordinary collectors. But there continue to be opportunities for someone who likes coins to find something interesting to collect.
Finally, a New York Times print edition published an editorial cartoon that compared coin collecting to cryptocurrency. The gist of the cartoon was to show that while there may be investment opportunities in the cryptocurrency market, if something happens in either market, the coins are a tangible asset.
Recently, I received emails from people looking for information about buying collectible coins. Most have said they were participating in the crypto markets but were worried about its volatility. The number of messages increased this past week during a decline in the crypto market. The crypto investors with the capital are looking for a safe haven and choosing collector coins for their investment.
As a result, the collector and investor market appears to be strong. The only problem is understanding what everyone wants to collect.
And now the news…







