Comments on: ACEF Assists in Removal of $1+ Million Fake Coins and Precious Metals Items in 2020 https://www.coinnews.net/2020/12/10/acef-assists-in-removal-of-1-million-fake-coins/ CoinNews delivers the latest World and US coin news Sat, 02 Jan 2021 16:46:07 +0000 hourly 1 https://wordpress.org/?v=7.0.1 By: Rey Ozburn https://www.coinnews.net/2020/12/10/acef-assists-in-removal-of-1-million-fake-coins/#comment-490044 Sat, 02 Jan 2021 16:46:07 +0000 https://www.coinnews.net/?p=76569#comment-490044 In reply to Joe Schmo.

Too good to be true offer. “The Complete Collection of Morgan Silver Dollars 1878-1904 Year: 1878-1904 [27 pcs] $199.98″

I added to my shopping cart, bu intuitively I thought I’d check them out. What tipped me off beside the low price tag of $7.50 pr Morgan coin was the registrant of their ICANN account. A “Beijing Innovative Linkage Software Service Co. Ltd ” But could this mean the market is flooded with fake Morgan dollars? <gulp>.

Glad I did not check out, otherwise they woul have had my financial information too.

]]> By: Joe Schmo https://www.coinnews.net/2020/12/10/acef-assists-in-removal-of-1-million-fake-coins/#comment-490036 Fri, 01 Jan 2021 14:57:35 +0000 https://www.coinnews.net/?p=76569#comment-490036 In reply to Mike.

Something obviously fishy about Highpoins Shop. Don’t give them a cent!

]]> By: Mike https://www.coinnews.net/2020/12/10/acef-assists-in-removal-of-1-million-fake-coins/#comment-489888 Fri, 11 Dec 2020 14:54:17 +0000 https://www.coinnews.net/?p=76569#comment-489888 As soon as I shared this story and I checked it out right below it on Facebook is this add for Indian Head 2 1/2 Dollar Gold pieces selling for a range from $49.98 and up. Under the umbrella of Highpoins Shop which if you go to their Facebook Page you see that under their description they are dedicated to providing high quality products, but the only thing I see is clothing apparel and limited at that, no coin advertisement.

]]> By: Mike https://www.coinnews.net/2020/12/10/acef-assists-in-removal-of-1-million-fake-coins/#comment-489885 Fri, 11 Dec 2020 14:14:08 +0000 https://www.coinnews.net/?p=76569#comment-489885 As a collector I have witnessed the selling of these fakes in adds on Facebook. The biggest Red Flag is the fact that they are being advertised for under the spot price of the specific precious metals. I have seen Morgan Silver Dollars advertised for way under their market value and the picture and often times video presentations have shown them void of the customary scratches from their well known distribution in bags and marketed as Brilliant Uncirculated. In every case I have made comment to the site that buyer beware of this scam and explained the nature of deceit. The irony of Facebook allowing these advertisements to be placed without Fact Checking as they are accustomed to doing for a political agenda is palpable.

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