News
Canada maple leaf scam
|
I am looking for a story about how people make a replica of a coin and its resulted finding this story of Canada Maple leaf scam. This can be happening to any coin collector around the world and a great read to make use aware of this kind of scam. This Maple Leaf scam happened in the United States. They're called as a "million-dollar gold coin scam" involving counterfeit versions of the Royal Canadian Mint's famous one-ounce Maple Leaf coin.
|
Yet another WTC coin scam? NY1 profits from it?
|
I was watching NY1, and there was a "1 on 1" interview with Larry Silverstein. Immediately afterwards (and seemingly part of the program content), there was an ad by the National Collector's Mint for a "2001-2006 World Trade Center Commemorative" coin. These coins (allegedly) contain silver from a vault recovered from the World Trade Center. Five dollars of each purchase (allegedly) goes to "official" 9/11 families and charities. |
The Perpetual Burn Scam
|
The Perpetual Burn Scam: Just when I think that I have heard of every scam imaginable in the coin industry, another brand new one materializes out of nowhere. These innovative scams are clever, but brutally cruel. Observing these things over the years I have come to the conclusion that a thief’s mind never rests. Night and day these leather-backed slimies concoct multitudes of new ways to rob people. Over the past few months I have talked with a number of people who have been bitten by these diamond backs. |
How To Protect Yourself from Rare Coin Scams
|
If you intend to buy rare or bullion coins for investment, your best protection is to spend time learning about the coins you are being asked to buy. In the past, most investment gains have gone to collectors, often known as numismatists, who have taken the time to carefully study various aspects of coins, including rarity, grading, market availability, and price trends. |
UPDATE: Seller, beware - Gold-buying carpetbaggers set up shop in hotel
|
Jerry Jordan Another out-of-state gold buying company has set-up shop in a local hotel in hopes of separating local citizens from their valuable gold, silver and collectible items. This week, GoldRush took out a full-page advertisement in the Beaumont Enterprise announcing "Top Dollar Paid" on items brought to its sale at the Hilton Garden Inn. But just like three previous companies that have come through town promising big payouts but offering pennies on the dollar, GoldRush was right on cue. On Tuesday, The Examiner brought in its entire supply of coins, scrap gold and bullion - valued at more than $43,000 - and was offered $11,600, or about 25 cents on the dollar. |
Treasure hunters or gold diggers?
|
Traveling buyer’s promises of ‘top dollar’ for precious metals not kept The newspaper began looking into Treasure Hunters Roadshow (THR), also known as Ohio Valley Gold and Silver Refinery... |