NGC has reported that counterfeit gold U.S. Mint AGE & AGB 1-ounce coins inside very deceptive counterfeit NGC holders are entering the marketplace. They appear to have a prooflike look to them but have the grade of MS-70 on the counterfeit NGC plastic holder label. The first ones were detected in Columbus, Ohio by a coin dealer.

-NumisDudeTX

Actually just the opposite, since they are shipped in tubes all touching on each other they have ended up with more scratches than usual. One major grading service wouldn’t grade an entire monster box due to this defect unless the Mint says they are error coins. The AP can’t return them either since the Mint doesn’t accept returns on its “sold as is” investor bullion version coins.

-NumisDudeTX

If you purchase the bullion versions of these gold coins you might want to check your 2016 1-ounce AGE coins for what the U.S. Mint is calling a “variation.” The Mint doesn’t know how, but has stated that approximately 63,000 of these coins were sold to their 13 worldwide official registered bullion coin “Authorized Purchasers” that have the design of Lady Liberty above the rim of the coins. Therefore, they do not stack well on top of each other as designed to do. The Mint refuses to call them “errors” (for obvious bad quality control reasons?) since they don’t yet know how this situation happened!

Happy 30th anniversary for the gold American Eagle coins!

-NumisDudeTX