Monday, November 14, 2011

Be aware of fake silver coins

China is flooding the market with fake silver dollar coins and even fake silver bars. they have not started doing the dimes yet. Many are being sold on Ebay and pawn shops so be careful where you buy silver. Also know your weights, bars are being sold that have only a tiny fraction of the silver in them but they look like regular bars.Even coin dealers are being fooled by the counterfeit coins. One way to prevent a catastrophic loss is not buy really large lots of silver in one place, also getting dimes would work as well.Here is a link to an article on the subject:

Neodymatic slide, how to tell fakes from real silver dollars. Some fakes are slightly magnetic and some are not.    <iframe width="960" height="720" src="" frameborder="0" allowfullscreen></iframe>

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