Although fake coins represent a very small percentage of the overall coin market as a whole, the risk of buying fake coins online, especially on eBay, is a real danger for the unwary. The best way to protect yourself is to follow the old common sense adages, such as "if it's too good to be true, it probably is," and "caveat emptor" (let the buyer beware.) Sometimes, though, even the most careful buyer will end up with a coin that just doesn't seem right. And don't think that just because it's in a major grading service holder that the coin must be safe! The holders themselves are sometimes counterfeited, as NGC reminded us in a recent consumer alert.
It's also possible to find incorrect date and mint mark silver coins (see image below), so you must know the coin series your buy and just what years they were minted and the corresponding U.S. Mint Mark.
Your best protection against buying fakes is to buy from knowledgeable, reputable coin dealers. Don't buy from eBay auctions that don't allow a return period (If sellers don't guarantee their coins, you should really wonder why!) Don't buy from sellers who hide their feedback; anybody who has good feedback has nothing to hide!
What if you follow all of the common-sense rules and still end up with a fishy-looking silver coin? The article linked below contains tips on how to detect fake silver coins. The top part of the article has some general introductory information. The middle part is a step-by-step procedure to analyze your own silver coins, and the final part is an example of applying the steps to a suspicious Silver Eagle. Read Entire Story
How To Buy Real Silver Bullion Coins: Detect Fake Silver Eagles
CHECK OUT OUR AMERICAN SILVER EAGLE PAGE (ASE)
On this page you will see a large picture of the ASE, and learn the true facts about where the mint marks are located. Also learn the best dates to buy, and find every date with our auction links. American Silver Eagle Page