Bobbcue
Full Member
- #1
Thread Owner
I guess you are all aware of the Chinese counterfeiting of old silver coins. If not
Here is a link:
http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/
Here is a link:
http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/
That's right 3.00 for a 1923 Peace Dollar. Now you got to reading the description and they clearly stated THESE ARE REPLICAS. But my point is, how many small sellers are snapping up 100 Morgans @ $300 bucks and making a ton by selling them off at 30 bucks each? I use to think it was safe just getting the common dates that weren't worth much more than melt price. But when the fake product is this cheap, even the low end silver dollars are a 1000% profit. I hear they are Tungsten or Lead with Silver plating. I think the really poor condition cheap silver dollars are a safe bet, just for "junk silver" . Of course if you go to your local reputable dealer, or even an online dealer that has a good reputation you should be safe.






