Is this Legit

19Lyds

I had a friend ask me if this was a legitimate offer. My gut response was "they're counterfeit" but I thought I'd ask those that keep up with this stuff. Badsically, 25 Morgans for $200.00? $8.00 each?

braddick

I vote "no."

MsMorrisine

too good to be true, too good to be legal

Mizzou

I'd have to be skeptical but would need a bit more information before claiming counterfeit. I've heard of people selling things at ridiculous prices because they didn't really know what they had. Of course it was a lot more common before the internet.

nwcoast

The question is:
Where is this being offered?

al410

I wish

Mr_Spud

They are fake. I see those ads on Facebook all the time. Right before I came back here to these forums last year after a many years absence when I was on a break from coins, I made the mistake of very briefly joining a coin group on Facebook. I hit like on a few pictures in the group and ever since I’ve been getting legit looking ads showing up in my newsfeed with actual pictures of real Morgan’s but the price is way less than melt. I ended up looking at their actual website and they also had gold coins for about the same price. I quickly quit that group on Facebook and I don’t get those ads popping up on my newsfeed as much, less all the time. I think if I clicked on it to look at it them that facebooks algorithm will start telling people who sell coins, fake or not, and I’d start getting more of those ads. So I never pay attention to them.

AUandAG

Sounds like the ones I see on FB marketplace or on Craigslist. Clearly not legit.

bob

tincup

It would be helpful if you would inform us where the offer was made.... ebay, craigslist, on a street corner, at work??? Regardless... 95% likely not real silver dollars.

Tom147

If, and that's a BIG IF, they prove legit, I'll take a hundred of them. NOT holding my breath.

mark_dak

Current silver content of a Morgan dollars is just a penny or so under $23.25. Morgans were going for $29 or $30 at this weekend's show. Doesn't sound legit to me.

lkeigwin

Yes, it's a legitimate offer for fake Morgans. Who would think otherwise?
Lance.

19Lyds

@Mizzou said:
I'd have to be skeptical but would need a bit more information before claiming counterfeit. I've heard of people selling things at ridiculous prices because they didn't really know what they had. Of course it was a lot more common before the internet.

My bad! He called me inquiring about this deal and I immediately said Counterfeit. Then I asked him to send me what he was looking at. I have no idea where he got this link.

https://www.aibigger.com/products/the-complete-collection-of-morgan-silver-dollars-1878-1902?fbclid=IwAR2l_Ag8T7uQyJjZvorWmRZU1abHYvaxSsEalsPZ4jU6MzFs1voTgGh3iBM

My email reply to him, after reading AD was:

"If I am reading this correctly, this is $199.99 "per coin" which they will ship in either NCGC or PCGS Plastic over a period of time and then bill you $199.99 each.

Of particular note, near the bottom under the picture of the opened bag of coins, it states: "In this product listing, we guarantee you a Mint State 66 condition Morgan Silver Dollar."

In the next section under "PRODUCT SHOWS", it states: "Each Morgan Silver Dollar is presented in circulated condition with most major design details visible, and is protected in an archival crystal-clear case that allows for easy and safe viewing of both sides."

MS66 is NOT a Circulated Grade. Circulated grades top out at AU58.

If I were you, I'd stay far away from this one since there appear to be definite strings attached which you may not really appreciate."

Basically, reading it again, it states that of the 25 coins, one will be MS66 with the balance being anywhere from Poor to AU58 at $199.99 each.

ricko

Wow.... talk about misleading... I think the seller's other profession was used cars....or snake oil. Cheers, RickO

mark_dak

@ricko said:
Wow.... talk about misleading... I think the seller's other profession was used cars....or snake oil. Cheers, RickO

I don't think I saw any used car salesmen in the recent "WHAT DO YOU DO FOR A LI ING" thread. I don't think you're going to get any blow back on your comment. Haha!

Mark

daltex

@19Lyds said:

@Mizzou said:
I'd have to be skeptical but would need a bit more information before claiming counterfeit. I've heard of people selling things at ridiculous prices because they didn't really know what they had. Of course it was a lot more common before the internet.

My bad! He called me inquiring about this deal and I immediately said Counterfeit. Then I asked him to send me what he was looking at. I have no idea where he got this link.

https://www.aibigger.com/products/the-complete-collection-of-morgan-silver-dollars-1878-1902?fbclid=IwAR2l_Ag8T7uQyJjZvorWmRZU1abHYvaxSsEalsPZ4jU6MzFs1voTgGh3iBM

My email reply to him, after reading AD was:

"If I am reading this correctly, this is $199.99 "per coin" which they will ship in either NCGC or PCGS Plastic over a period of time and then bill you $199.99 each.

Of particular note, near the bottom under the picture of the opened bag of coins, it states: "In this product listing, we guarantee you a Mint State 66 condition Morgan Silver Dollar."

In the next section under "PRODUCT SHOWS", it states: "Each Morgan Silver Dollar is presented in circulated condition with most major design details visible, and is protected in an archival crystal-clear case that allows for easy and safe viewing of both sides."

MS66 is NOT a Circulated Grade. Circulated grades top out at AU58.

If I were you, I'd stay far away from this one since there appear to be definite strings attached which you may not really appreciate."

Basically, reading it again, it states that of the 25 coins, one will be MS66 with the balance being anywhere from Poor to AU58 at $199.99 each.

I think you're overly optimistic. When I see a coin ad that makes little sense and doesn't appear to be written by someone who speaks English as either a first or second language, I think Chinese fake. My guess is that i what you get, if you get anything at all.