Anyone ever come across fake SilverTowne Bars?

GRANDAM · March 14, 2015 2:08PM

I am not saying that these are fakes but a seller is calling them .999 Silver Clad bars so it makes me wonder if he is just new to bullion terms and selling or is he trying to sell fake bars?

So, has anyone ever heard of fake SilverTowne Bars?

Thanks, GrandAm

Timbuk3 · March 14, 2015 2:36PM

Yes, I have seen fake SilverTowne bars !!!

GRANDAM · March 14, 2015 2:39PM

So, if a seller lists them as .999 silver clad would you stay away. Do the above bars look OK?

Thanks, GrandAm

PerryHall · March 14, 2015 9:14PM

Unfortunately the older style poured bars of Silvertowne and most other manufacturers have very simple designs and would be extremely easy to counterfeit. As the premium over melt increases for these older poured bars, the likelihood of them being counterfeited increases.

OPA · March 14, 2015 10:36PM

It's a know fact, that our "friends" in China, do sell them and have for years. At least the seller is honest enough to indicate that they are plated bars.

freechance · March 14, 2015 10:55PM

Look fake to me. Most of the 1 oz fakes come in those hard plastic cases to disguise the dimensions.

joefro · March 15, 2015 2:14AM

The hard plastic cases are a dead giveaway for fakes. Yes, these are fakes.

Here is a side by side comparison:

joefro · March 15, 2015 2:15AM

MsMorrisine · March 15, 2015 2:30AM

<< <i>Yes, I have seen fake SilverTowne bars !!! >>

Ditto

MCM, apmex, etc too

Meltdown · March 15, 2015 4:11AM

Thanks Joefro for the image descriptions

bluelobster · March 15, 2015 4:28AM

That's as precise breakdown I have seen, detailing the differences, nice job.

The amount of Chinese counterfeits, truly is staggering.

tneig · March 15, 2015 4:54AM

I guess at even the hint of any question, assume they are bad and walk away.

Someone wise told me to buy ASE's from a reputable dealer and that the security is worth the
extra premium in the end.

piecesofme · March 15, 2015 5:24AM

If they're in encapsulated plastic I don't even consider them. joefro did a good job providing what I thought what common knowledge to "stackers" here

I'm not being a smart arse, I just thought this was common knowledge at this point.

JohnnyCache · March 15, 2015 9:43AM

info graphic with tips on helpful ways to spot fake Ag Au

DrBuster · March 15, 2015 10:19AM

<< <i>Look fake to me. Most of the 1 oz fakes come in those hard plastic cases to disguise the dimensions. >>

This is red flag #1 like 99.99999% of the time.

Thanks for the graphics again joefro, always good to keep these fresh.

GRANDAM · March 15, 2015 1:17PM

Joefro,

Thanks for those photos,,,, they are very informative.

GrandAm

asheland · March 16, 2015 1:05AM

ebaytrader · March 17, 2015 9:29AM

There was a thread on the feepay forums about someone moving the fake Silver Town bars to the tune of a couple hundred k $. That can not be good for ST.

I sent Silver Town a message and pertinent links thru FACTS but never heard back from them.

rawteam1 · March 17, 2015 9:35AM

copper cave I think has a presentation on his web site , he did nice job on fakes...

Anyone ever come across fake SilverTowne Bars?

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