The first thing is the word Morgan on label they do not put Morgan on label unless it’s another silver dollar that year and Morgan was the only silver dollar in 1881 there was no other
After seeing this video, I'm glad I quit collecting coins decades ago. Had I seen one of these coins for sale at a show at a reasonable price, I probably would have bought it. A casual collector can't be expected to be knowledgeable about all the fine details of all the different kinds of slabs out there. Does a buyer need to carry around a Sigma and other diagnostic tools to a show just to keep from getting scammed? Great educational video. Thanks!
I have hundreds of Morgans and Peace dollars... stop by when you're in the area sometime and say hi! I can also ship to you if there's something you're looking for. Thanks for watching!
I was going to get mad that you didn't test them on the sigma and show us they were silver or not at least... But halfway through you calmed my anger 🤣
Midwest G & S Great content. I appreciate the information, and the heads up about fraudulent coins. a suggestion it would be helpful to campare a authentic coin side by side. and video the pitted surface while out of the slab. Thank you
I'm new at collecting and I did the same thing. I have to tell the company I bought from because they sale all kinds of stuff. The name was byshoppy, if you just Google silver coins you will see their adds and they must of been here in the states because it only took a little over a week to get.
Another thing to look for when dealing with PCGS' current "sonic" label is the RFID chip that's embedded between the labels. If you hold up a genuine slab to the light, you'll see the actual outline of the RFID chip. No fake that's trying to mimic that current gen holder (such as these here) will have that chip. (not yet anyway)
I've seen a lot of "silver " coins from Chinese sellers on eBay. Sad thing is that many of them have bidders who don't know better. Many of these sellers are even faking common date Mercury dimes!
@@MidwestGoldSilver absolutely I’ve seen some ugly coins grading 6-7 and some really under graded coins that should have gotten a higher grade with more attractive luster and eye appeal than others?
You would think that alone would be a "run, don't walk" signal to your brain. The buyer must not have been listening when as a kid he was told repeatedly "if something seems too good to be true, it probably isn't".
These were pretty poor fakes but they still trick unsuspecting people online... buyer beware! Buy from a reputable coin dealer and you'll do just fine 😉
So question us what do you do with them now. They are not your property but I believe you are supposed to call your local FBI and they will confiscate as it is illegal to possess counterfeit coins unless copy or replica stamp.
The first thing is the word Morgan on label they do not put Morgan on label unless it’s another silver dollar that year and Morgan was the only silver dollar in 1881 there was no other
Excellent point.
The slab should also have “PCGS” in the plastic the lower right corner, I believe.
After seeing this video, I'm glad I quit collecting coins decades ago. Had I seen one of these coins for sale at a show at a reasonable price, I probably would have bought it. A casual collector can't be expected to be knowledgeable about all the fine details of all the different kinds of slabs out there. Does a buyer need to carry around a Sigma and other diagnostic tools to a show just to keep from getting scammed? Great educational video. Thanks!
There are a lot of fakes out there, but you won't find them at reputable dealers and shows... it's all online sellers.
I've been buying Morgans again lately. I shun ebay. Thanks for this! Just checked the map & you're only 3 hrs from me. Missouri here too!
I have hundreds of Morgans and Peace dollars... stop by when you're in the area sometime and say hi! I can also ship to you if there's something you're looking for. Thanks for watching!
@@MidwestGoldSilver I'll give you a shout on my next hunt, Thanks
I was going to get mad that you didn't test them on the sigma and show us they were silver or not at least... But halfway through you calmed my anger 🤣
I always verify even if it's not really necessary so that everyone knows for sure. Thanks for watching!
Midwest G & S
Great content. I appreciate the information, and the heads up about fraudulent coins.
a suggestion
it would be helpful to campare a authentic coin side by side.
and video the pitted surface while out of the slab.
Thank you
Great suggestions! Glad you enjoyed the video, thanks for watching!
I'm new at collecting and I did the same thing. I have to tell the company I bought from because they sale all kinds of stuff. The name was byshoppy, if you just Google silver coins you will see their adds and they must of been here in the states because it only took a little over a week to get.
Yeah, there are several sketchy sites online. I'd just recommend buying from a reputable dealer and you'll be fine.
Another thing to look for when dealing with PCGS' current "sonic" label is the RFID chip that's embedded between the labels. If you hold up a genuine slab to the light, you'll see the actual outline of the RFID chip. No fake that's trying to mimic that current gen holder (such as these here) will have that chip. (not yet anyway)
Great point. Thanks for watching!
I've seen a lot of "silver " coins from Chinese sellers on eBay. Sad thing is that many of them have bidders who don't know better. Many of these sellers are even faking common date Mercury dimes!
Had a pair of these come into our shop in Charlotte a few months back.
Scammers everywhere! Thanks for watching!
Once they perfect the labels with color and font then I feel it’ll be a way bigger problem than it already is , great video too!
Honestly, the coins were pretty bad too. Another good reason to buy the coin, not the slab.
@@MidwestGoldSilver absolutely I’ve seen some ugly coins grading 6-7 and some really under graded coins that should have gotten a higher grade with more attractive luster and eye appeal than others?
All ten for "a little under two hundred dollars"? 😆
You would think that alone would be a "run, don't walk" signal to your brain. The buyer must not have been listening when as a kid he was told repeatedly "if something seems too good to be true, it probably isn't".
You can't even get a coin graded for $20 a slab, let alone any common date Morgan for less than $80 Greysheet a coin in MS64
Yeah that should have been his first red flag.
A little research would have saved him $200
Great video!
Glad you enjoyed it. Thanks for watching!
I bought some just to have counterfeit examples. Some of them, all it takes is a magnet.
I usually start with a magnet and it will catch about half of the fakes!
Were they just left there or confiscated? That's a big ole felony. Great job getting those out of circulation
Hope that y'all would expose the fraudulent dealer on those.
The customer said he didn't remember the website... just buy from.a reputable dealer and you'll be fine.
The cheapskates, they don't even use real silver.
It's the least they could do lol
We used to laugh at these fakes. Give it some more time, and we won't be able to tell the difference!
These were pretty poor fakes but they still trick unsuspecting people online... buyer beware! Buy from a reputable coin dealer and you'll do just fine 😉
So, what are these fakes made of? Can you saw one in half and show us?
It's most likely a mixture of copper and nickel
Dang.
So question us what do you do with them now. They are not your property but I believe you are supposed to call your local FBI and they will confiscate as it is illegal to possess counterfeit coins unless copy or replica stamp.
label printed morgan
There are all kinds of problems with these lol..
Wow !!
If u find a $1000 coin selling for $20,dont buy 10..customer got what they deserved
The cost should’ve been the sign
Agreed. At that price, it was too good to be true!
Proof that P.T. Barnum was right!
Promo SM 😈
Send In The Secret Service 🐕🦺🐾🐕🦺