"COPY" Silver Bullion
bullionsilver_hawaii
Posts: 33 ✭
I have been going to my local flea market and many dealers are selling silver eagles and other silver bullion coins with the word "COPY" stamped on the reverse side of the coin. Can anyone tell me what this means and what it does to the value (e.x. $25 for legit silver eagle---$??? for "COPY" silver eagle). Does it half the price or is it not worth buying at all?
0
Comments
They are basically 'silver' rounds.... which are not Mint products..... as such, silver content may or may not as represented. If I were convinced it was real silver, I would only pay melt for 'copy' rounds - especially at a flea market....Cheers, RickO
I'm thinking that they are silver plated, possibly copper, probably pot metal rounds.
I wouldn't touch them with a 10 foot pole
I would stay away. They are privately minted from legitimate businesses, at best, or legally protected, deceptive and possibly base metal replicas, at worst. For the few bucks you may save per item, you will likely reduce your liquidity substantially, reduce your sales price quite a bit and possibly buy silver-plated copper.
In honor of the memory of Cpl. Michael E. Thompson
I limit my COPY pieces to Gallery Mint pieces. The workmanship is great and there are some collectors of these.
I generally avoid all other COPY pieces. From what I've seen, most bullion pieces made of precious metals (not simply plated) don't use COPY and prefer altering the coin design enough so there is no denomination. COPY is used on base metal replicas that may be plated.
Assume that they are fake.