Fake silver

[Daveman]

Has ANYBODY in here EVER came across fake silver bullions of any size?

You don't have to be the unfortunate buyer, just as long as you've physically touched or seen the fake bullion.

Anybody? If so, how does it "feel" or "look" different than the real thing? And how did you come to know it was fake?

[Daveman]

So nobody has ever seen a fake silver bullion? Or maybe no one wants to admit having bought one? :rolleyes:

[kmcgonigle]

My first purchase of silver bullion or "rounds" was from a pawn shop. The owner offered me silver rounds for spot+. I purchased 15 ounces. A week or two later I read an article that said only purchase silver rounds marked .999 and one troy ounce. 12 of the 15 rounds did not state .999 or one troy ounce. I bought 12 silver clad copies of silver bullion rounds. I guess that was my $200 lesson in what not to buy. When I took them back to the pawn shop, the owner said he was no longer buying silver, and offered me $5 each. I was so angry. Anyway, I learned my lesson and now am very careful about what bullion I buy.

To answer your question, if it doesn't say .999 and one troy ounce, it isn't. Also, these silver clad crap medals had a very different ring when balanced on the finger and struck with another coin. Silver makes a wonderful ring, the clad crap just kind of vibrates.

Hope this helps.

[gypsybiker45]

So nobody has ever seen a fake silver bullion? Or maybe no one wants to admit having bought one? :rolleyes:

Daveman, i see your a bit nervous!, i just read your monex post,i would say if your buying eagles from a dealer your probably ok, i dont give a rats behind about collecting eagles they are just silver for me so i usually drop them onto a carpeted floor, they ding pretty good! watch the Morgans right now if your into numismaticsthere are some chinese ones out there. also they started making eagles in the 1980s so if you get any that say 1901 (which i have seen one of), definate fake