Within the hour, I found ads for three different scammers trying to sell 2021 (CC) Morgan Dollars with images in a PCGS slab for $19.95.
First, you cannot trust any of the pictures. All of the pictures were copied from around the Internet, including the PCGS sample slab. These pictures appear in many places when performing an image search. Some of the images are edited versions from the U.S. Mint’s website.
When I entered the serial number on the image of the slab on the PCGS website verification form, they reported it as an invalid number.
No legitimate merchant will sell a newly released coin below the introduction and spot prices. The U.S. Mint sold the coin for $85 each, and the spot price closed at $22.13 today. Anyone selling a highly desirable coin for $19.95 is trying to scam you.
Within an hour, Facebook sent a report saying that they reviewed my reports from the ads. Facebook removed all of the ads. But I know this is a case of whack-a-mole, and more ads will appear soon. I encourage anyone using Facebook to report these ads when they appear on your timeline. If we work together, we can limit the impact of these scammers on the hobby.
Thank you for being a voice for integrity in numismatics. But, we both know that these fakes are mostly produced in China and numismatists line up at every World’s Fair of Money to reward China with money for Panda coins.
When is anyone in anyone in any position of authority in numismatics or anyone who edits a numismatic publication going to take a stand against buying Panda coins and rewarding crooks?
I like Bob’s thinking here. China is an international pariah, or SHOULD BE. It is time to boycott everything of theirs we possibly can, including those stinking Winter Olympics.
Thanks for your support. I like your thinking, too. This should have been an issue in this year’s ANA elections.
Some countries have no choice other than to submit to the Chinese Communists. We need to be sure we’re never again among them.
Gentlemen: No more comments on the politics of the country that produces the Pandas, please. I understand the concern but I would like to keep this to numismatics.
Normally I would agree. People who know me know I dislike politics.
But this time there is a numismatic issue here. How can numismatists buy coins from a country that’s a threat to the safety and security of the United States and whose government runs the country much like Nazi Germany?
It’s time for numismatics to get its head out of the clouds.