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Silver Bar Headsup

mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
in Precious Metals
I don't know how to report these things otherwise I would have already done so. Saw this over on either dailypaul or ronpaul forums

image

http://www.ebay.com/itm/2012-1-Troy-...item1c293bc2f4

Seller ID is pythagorean_theorem in case the pic moves or get deleted.


Coin's for sale/trade.


Tom Pilitowski
US Rare Coin Investments
800-624-1870

Comments

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    2012: 1 Troy Ounce .999 SILVER LIBERTY EAGLE HALF DIME Clad Bar, 1792 -P#1015

    image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    Cool design, too bad their clad.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
    Filthy bustards!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Just another reason to not buy anything new.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
    Similar ripoff:

    stinky linky
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • 1970SilverArt1970SilverArt Posts: 482 ✭
    Those silver-plated bars are just examples of the crap that gets put on ebay. As a matter of fact, the following thread on another forum has a list of bars to avoid on bidding on ebay. Here is the following link:

    A list of bars to avoid when bidding on ebay

    EDIT: The link is fixed now. Sorry about that. This above web link is what I feel is a very useful thread on which bars to avoid when bidding on ebay. image





    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Capt.
    I wouldn't call it a ripoff. The buyer is stating very clearly what it is in the title. I would classify it as "buyer beware", and/or, PAY ATTENTION lol
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭


    << <i>Capt.
    I wouldn't call it a ripoff. The buyer is stating very clearly what it is in the title. I would classify it as "buyer beware", and/or, PAY ATTENTION lol >>



    I would.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>Capt.
    I wouldn't call it a ripoff. The buyer is stating very clearly what it is in the title. I would classify it as "buyer beware", and/or, PAY ATTENTION lol >>



    I would. >>



    Agree with Tom. The bar does say "In Clad We Trust" as part of the reverse design but the front of the bar would lead one to believe it's actually made of silver.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • bronco2078bronco2078 Posts: 10,211 ✭✭✭✭✭



    Ron Paul supporters would generally be in favor of sound money so maybe they might buy these thinking its a way of supporting their candidate.


    Great way to twist the knife as you are ripping someone off.








  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    They have a full "set" of them on amazon.

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>They have a full "set" of them on amazon. >>



    Thanks for the warning.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Agree with Tom. The bar does say "In Clad We Trust" as part of the reverse design but the front of the bar would lead one to believe it's actually made of silver

    That's why I say, pay attention. But I agree with you guys after sleeping on it. I've always taken that "hallmark" of .999 Silver or .999 Fine Silver combined with the weight stamped on it as a bar being legit (for starters, I always do a few more tests). But now one would have to inspect every bar if a significant amount were purchased, and I don't have tome for that. I guess I'm gonna have to make time from now on.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    How long before we start seeing fake J-M, Engelhard, Silvertowne, etc silver bars? Or, are they already out there?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Those silver-plated bars are just examples of the crap that gets put on ebay. As a matter of fact, the following thread on another forum has a list of bars to avoid on bidding on ebay. Here is the following link:

    A list of bars to avoid when bidding on ebay

    EDIT: The link is fixed now. Sorry about that. This above web link is what I feel is a very useful thread on which bars to avoid when bidding on ebay. image >>



    Left out....."Tibetan Silver", "Nickel Silver" & American Flag proof like bars... In addition the proof-like prospector rounds have been identified as counterfeit or plated bars.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    mrearlygold...... eBay has nuked that auction. All of the sellers other clad bars appear to be listed in the correct category: Exonumia...as such they should not come up in a search for silver in either the silver bullion category or bullion.

    "People's ignorance really pisses me off. Stupidity is when you can't help it-ignorance is when you choose not to understand something."
    Sarah McLachlan

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • 1970SilverArt1970SilverArt Posts: 482 ✭


    << <i>

    << <i>Those silver-plated bars are just examples of the crap that gets put on ebay. As a matter of fact, the following thread on another forum has a list of bars to avoid on bidding on ebay. Here is the following link:

    A list of bars to avoid when bidding on ebay

    EDIT: The link is fixed now. Sorry about that. This above web link is what I feel is a very useful thread on which bars to avoid when bidding on ebay. image >>



    Left out....."Tibetan Silver", "Nickel Silver" & American Flag proof like bars... In addition the proof-like prospector rounds have been identified as counterfeit or plated bars. >>




    Fair enough on "Tibetan Silver" and the Nickel Silver because I did not mention that in that thread. However, the counterfeit Prospector Prospector Rounds was covered in another thread on Gold is Money 2 and I did not see a need to repeat that on my thread on that forum. BTW If you are referring to the fake proof Silvertowne U.S. flag, then I did cover the American Flag Proof issue. See post # 4 of that thread link that I posted. Thanks anyway for mentioning that. image

    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • 1970SilverArt1970SilverArt Posts: 482 ✭
    OOPS!!! This post was a duplicate post of the one above when I responded to OPA. Sorry about that. image
    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Those silver-plated bars are just examples of the crap that gets put on ebay. As a matter of fact, the following thread on another forum has a list of bars to avoid on bidding on ebay. Here is the following link:

    A list of bars to avoid when bidding on ebay

    EDIT: The link is fixed now. Sorry about that. This above web link is what I feel is a very useful thread on which bars to avoid when bidding on ebay. image >>



    Left out....."Tibetan Silver", "Nickel Silver" & American Flag proof like bars... In addition the proof-like prospector rounds have been identified as counterfeit or plated bars. >>




    Fair enough on "Tibetan Silver" and the Nickel Silver because I did not mention that in that thread. However, the counterfeit Prospector Prospector Rounds was covered in another thread on Gold is Money 2 and I did not see a need to repeat that on my thread on that forum. BTW If you are referring to the fake proof Silvertowne U.S. flag, then I did cover the American Flag Proof issue. See post # 4 of that thread link that I posted. Thanks anyway for mentioning that. image >>



    I'm not a member of that forum, as such, I had no idea that it was previously mentioned by you. My comment was made to alert CU forum members who do not belong to the "Goldismoney" forum
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • 1970SilverArt1970SilverArt Posts: 482 ✭


    << <i>

    << <i>

    << <i>

    << <i>Those silver-plated bars are just examples of the crap that gets put on ebay. As a matter of fact, the following thread on another forum has a list of bars to avoid on bidding on ebay. Here is the following link:

    A list of bars to avoid when bidding on ebay

    EDIT: The link is fixed now. Sorry about that. This above web link is what I feel is a very useful thread on which bars to avoid when bidding on ebay. image >>



    Left out....."Tibetan Silver", "Nickel Silver" & American Flag proof like bars... In addition the proof-like prospector rounds have been identified as counterfeit or plated bars. >>




    Fair enough on "Tibetan Silver" and the Nickel Silver because I did not mention that in that thread. However, the counterfeit Prospector Prospector Rounds was covered in another thread on Gold is Money 2 and I did not see a need to repeat that on my thread on that forum. BTW If you are referring to the fake proof Silvertowne U.S. flag, then I did cover the American Flag Proof issue. See post # 4 of that thread link that I posted. Thanks anyway for mentioning that. image >>



    I'm not a member of that forum, as such, I had no idea that it was previously mentioned by you. My comment was made to alert CU forum members who do not belong to the "Goldismoney" forum >>



    Fair enough. No problem. It is always appreciated and thank you for that. image
    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I personally feel that bars stating "mils, mills, clad, spurious, layered, HGE" or any other variation, to include bars of "German silver", "Nickel Silver", etc., that are roughly the correct size and shape of a typical bullion product take advantage of ignorant people--but caveat emptor. If you don't know what you're buying, and the seller, however dishonest, is not being deceptive other than taking advantage of your ignorance, then you're at least as much to blame as they are. Especially if the products are selling for less than their legit counterparts and you're paying less than their legit counterparts. Shame on you, hope you don't get burned too bad.

    However, if the front of a bar says:

    1 Troy OZ
    .999 Silver

    and somewhere on the back, in an obscure location in a difficult to read font, as part of a much larger design it says "in clad we trust"

    THAT is a fake bar, intentionally made to deceive. That steps way past the threshold of buyer beware and should certainly be against eBay policies if not prosecution from the feds.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>I personally feel that bars stating "mils, mills, clad, spurious, layered, HGE" or any other variation, to include bars of "German silver", "Nickel Silver", etc., that are roughly the correct size and shape of a typical bullion product take advantage of ignorant people--but caveat emptor. If you don't know what you're buying, and the seller, however dishonest, is not being deceptive other than taking advantage of your ignorance, then you're at least as much to blame as they are. Especially if the products are selling for less than their legit counterparts and you're paying less than their legit counterparts. Shame on you, hope you don't get burned too bad.

    However, if the front of a bar says:

    1 Troy OZ
    .999 Silver

    and somewhere on the back, in an obscure location in a difficult to read font, as part of a much larger design it says "in clad we trust"

    THAT is a fake bar, intentionally made to deceive. That steps way past the threshold of buyer beware and should certainly be against eBay policies if not prosecution from the feds. >>




    On Amazon ( and there's lots of them )
    image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Flip side
    image

    listings for






    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    ebay will remove any clad "bullion" coin or bar listing reported to them that is not in the "clad" category. Specify that item is not correctly listed in the clad category.

    Ebay's simple report form, rreort up to ten listings at one time.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭


    << <i>I personally feel that bars stating "mils, mills, clad, spurious, layered, HGE" or any other variation, to include bars of "German silver", "Nickel Silver", etc., that are roughly the correct size and shape of a typical bullion product take advantage of ignorant people--but caveat emptor. If you don't know what you're buying, and the seller, however dishonest, is not being deceptive other than taking advantage of your ignorance, then you're at least as much to blame as they are. Especially if the products are selling for less than their legit counterparts and you're paying less than their legit counterparts. Shame on you, hope you don't get burned too bad.

    However, if the front of a bar says:

    1 Troy OZ
    .999 Silver

    and somewhere on the back, in an obscure location in a difficult to read font, as part of a much larger design it says "in clad we trust"

    THAT is a fake bar, intentionally made to deceive. That steps way past the threshold of buyer beware and should certainly be against eBay policies if not prosecution from the feds. >>



    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>

    << <i>I personally feel that bars stating "mils, mills, clad, spurious, layered, HGE" or any other variation, to include bars of "German silver", "Nickel Silver", etc., that are roughly the correct size and shape of a typical bullion product take advantage of ignorant people--but caveat emptor. If you don't know what you're buying, and the seller, however dishonest, is not being deceptive other than taking advantage of your ignorance, then you're at least as much to blame as they are. Especially if the products are selling for less than their legit counterparts and you're paying less than their legit counterparts. Shame on you, hope you don't get burned too bad.

    However, if the front of a bar says:

    1 Troy OZ
    .999 Silver

    and somewhere on the back, in an obscure location in a difficult to read font, as part of a much larger design it says "in clad we trust"

    THAT is a fake bar, intentionally made to deceive. That steps way past the threshold of buyer beware and should certainly be against eBay policies if not prosecution from the feds. >>



    image >>



    but, but it's .999 silver (plate)image

    I agree wholeheartedly that the bars were made with the intend to deceive or defraud.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,098 ✭✭✭✭✭


    << <i>Ron Paul supporters would generally be in favor of sound money so maybe they might buy these thinking its a way of supporting their candidate.


    Great way to twist the knife as you are ripping someone off. >>




    Was thinking the same. Best way to sell junk is when people are vulnerable. Paul supporters are generally good people but highly emotional. Emotion is vulnerablility.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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