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Fake 2016 silver Pandas reported

CaptHenwayCaptHenway Posts: 31,563 ✭✭✭✭✭
in Precious Metals
From the dealer-to-dealer network:



"FAKE PANDAS

Customer came in with 25 2016 Silver pandas yesterday..

I think he bought them on ebay.. pkging looked OK

Put one on MY PMV.. NOT Silver

coin looked real and the weight was correct..

TEST EVERYTHING..."
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.

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    mariner67mariner67 Posts: 2,746 ✭✭✭
    Wow.....I guess unless you buy from well established dealers you are taking a chance.
    This will only continue to occur imho.
    Basically all bullion can be suspect if not from reliable sources.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
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    carew4mecarew4me Posts: 3,464 ✭✭✭✭
    Originally posted by: mariner67
    Wow.....I guess unless you buy from well established dealers you are taking a chance.
    This will only continue to occur imho.
    Basically all bullion can be suspect if not from reliable sources.



    You dont know where they were purchased.Could have been a big bullion shop online.
    Worthless without pictures.

    Loves me some shiny!
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    OPAOPA Posts: 17,104 ✭✭✭✭✭
    Originally posted by: carew4me
    Originally posted by: mariner67
    Wow.....I guess unless you buy from well established dealers you are taking a chance.
    This will only continue to occur imho.
    Basically all bullion can be suspect if not from reliable sources.



    You dont know where they were purchased.Could have been a big bullion shop online.
    Worthless without pictures.


    I have my doubts that they came from a bullion shop. Most likely from overseas via eBay. Being sold for less than $15. One common denominator: not US sellers.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,850 ✭✭✭✭✭
    Bad News Bears and unfortunately we have to be bearers of it.
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    ashelandasheland Posts: 22,694 ✭✭✭✭✭
    Those precious metals scanners are a must!

    My YouTube Channel

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    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭
    Originally posted by: asheland
    That 90% silver is a must!



    Fixed that for ya image

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    ashelandasheland Posts: 22,694 ✭✭✭✭✭
    image

    My YouTube Channel

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    johnny9434johnny9434 Posts: 27,521 ✭✭✭✭✭
    Originally posted by: TwoSides2aCoin
    Bad News Bears and unfortunately we have to be bearers of it.


    better to be warned that getting burned. fwiw
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