Stacker Almost Bought $3000 in 125 FAKE Silver Bars... CLOSE CALL!
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- Опубліковано 8 чер 2024
- A viewer of mine emailed me a picture and a story, and then SENT me 1 of the 125 FAKE Silver Bars that he encountered while buying SILVER online!
How did he find out they were fake before he forked over $3000 for them?!? You'll have to listen to find out!
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Viewer Nearly Buys $3000 in 125 FAKE Silver Bars?!? How He Was Saved!
• Stacker Almost Bought ...
#fakesilver #silverbar #silverbars - Навчання та стиль
Many of you missed the point I was making in this video showing the online listings, so here's a blanket statement.
I am aware that the items I showed online are listed as plated... the issue is that the coins / bars are NOT marked that way. As I said in the video, people buy these and then use them to scam others once they're here. They don't care that they're fake or plated because their intent is to use them to scam others later.
I noticed when you waved the magnet that a time or two you waved it past the Buffalo Round and it didnt move either
@@hyfy-tr2jy gotta be close but not actually touching it
couldn't you just use a rust test
That bar is made of leaded brass, plated with copper and then with silver. The checker you got is actually a conductivity tester that compares surface conductivity to bulk conductivity. Pure silver is very very conductive. One simple test is to heat with a torch lighter, if the bar or round get hot very quickly than it's real, if it takes a while than it's bogus. No need to heat very hot, simply hold the bar and torch the other end and note how quickly it gets too hot to hold
Sadly you are right. Seen a lot of them offered at flea markets and such lately. The part that is very misleading is they are even marked for purity which is outright fraud. A super easy test for a pure silver bar is to hold a torch lighter to it, and see how fast the heat moves. Only genuine silver will get too hot extremely quickly and not form a hot spot where the torch lighter flame hits it. The leaded brass fake would get a hot spot before the rest heated up. ❤️
And someone should be suing Ebay for allowing sales of blatant fake silver and gold. I don't expect them to stop everything but what is happening on their platform is sickening and should be addressed ASAP.
That is why you should only Buy from a reputable seller!! 😊
I reported the fake gold listings on Ebay.... Ebay did nothing and continued to allow the seller to post it...
I buy GOLD BUFFALOS 🦬 and I test all mine on a SIGMA PRO ALWAYS , Machine has saved me from buying Fakes!!
Ebay is full of fake Silver Eagles from China! Way below comps for other Eagles . I report it to ebay everyday and more Pop up the next day !
Didn't he get em off Facebook? What does eBay have to do with anything?
I purchased the Pro Mini Segma last year for $1,400. You're absolutely correct; you don't need it if you buy from reputable bullion dealers. I don't regret it because I test everything for "peace of mind." I've tested friends, gold and silver, who had theirs for years or purchased abandoned storage lockers containing coins. I've found fakes in their stacks several times. Maybe I should charge them a service fee, lol. Nice video, as usual.
This is why you don’t buy from Amazon, eBay or any Chinese dealer
Wow 1400 bucks. I really hope the guts are gold and silver plated. 😂 The device is a bulk conductivity detector.
I'm in the market for fake silver bars. Why? For the "stash" that can be "taken" (conveniently) by thieves looking for "my stash"
"This is a stick-up. Open the safe, give me everything inside, and nobody gets hurt..." 😡
"Oh no, my stack..." 🤭
Thanks for looking out for the community!
This is why you don’t buy from Amazon, eBay or any Chinese dealer
Thanks for sharing your knowledge about spotting fake silver. You are a life saver/money saver!
This is why you don’t buy from Amazon, eBay or any Chinese dealer
Great job man. Its good to make people aware of these scams. 👍
That would be a fantastic challenge for some engineers to come up with a digital silver and/or gold tester that can retail under $300.
They have no current incentive to make a cheap one when they can sell them for the current high price.
Cost to make sigma probably below $100.. but it's small market.
@serdgeedgerunner
No way, the R&D, the quality components, and accuracy. Maybe 1/3 the cost, but that's typical.
Unless you're hard of hearing The ping test is best...And it's free.
@@godbluffvdggping test only works if you know what frequency each coin is supposed to ring at.
So it's not fool proof
Thanks for sharing and great catch by the viewer! If you compare the font to the real bar you can see some differences. Its close, but several letters are off. Pinger saved me from some bad eagles once. Be vigilant. Even honest people and dealers miss things or make mistakes.
Wow! Thanks for sharing! Unfortunately fakes continue to flood the market. Be vigilant, educate yourself and purchase from reputable sources. Thanks for sharing Seeker!
This is why you don’t buy from Amazon, eBay or any Chinese dealer
At least it sounds like he was dealing with an honest person. A lot of times that's not the case. Thanks for sharing!
I imagine the original seller DID get them out of a storage unit....they were left in the storage locker because the previous owner KNEW they were fake. Makes one wonder if they were selling them OR if they had gotten burned.
Good information. Thanks for the heads up.
I appreciate these videos. They are great tools to help keep ourselves and others in our great community out of trouble.
Thank you for your diligence big guy!
Also real silver has a certain 'sound' to it.
Really enjoyed the video. Well done!
It varies between coins. But the range should be close to each other
1:49 Leg/foot missing above the U in Out. Two hooves, each above the O in Out and Of - there should be a third hoof between those two.
Yup, and those particular fakes have been out for over a decade now.
Temu kangaroo listing says plated and commemorative in the title. That's how they're getting around the fraud accusations.
Great video Seeker!!!!
selling fake silver should be automatic jail time
Oh man that sucks. But yeah be careful. I got a fake Morgan years ago when I first started stacking and I keep it on my desk as a reminder to be very careful. I wish I could put a picture here of that Morgan. 😂
Same. Only I found the guy who sold it to me and lucky for him he was reasonable and claimed he had no idea. Then paid me back. Very smart choice 😂
I was recently scammed by a "company" that had an ad on Facebook. I'm currently disputing the charge with my credit card company and they have about another 30 days left to respond. I bought 40 ounces of silver bars but I only got 1 and now I'm not even sure if that 1 ounce bar is real because it is packaged just like the fake you destroyed.
Thanks for this video. Goes a long way to helping overcome fear by proper vigilance!
That's a shame those were fake.
I do like the idea of making a 1Oz bar that can be split like that.
On the pros side, that's a nice pile of scrap brass.
Great show glad he caught that
Damn, scary stuff. Gives me pause but thank you for sharing this SS! Great stuff as always!
Fake silver has been an issue on ebay for YEARS.....
Allows the dealers to charge a pretty premium can't trust private sales
I just recently got a Sigma Pro Mini, and love it...but alas, they are stopping production of them...problem sourcing parts/prices...so people will have to go with the other Sigma machines.
Many thanks for pointing out the fake.
good info!
Never buy silver from someone with a poorly cared for pistol
That Australian coin you show at 8:14 says it's plated right in the title. Great informative video everyone should watch thats new to collecting.
You completely missed the point I was making... as I said, people buy these knowing full well that they're fake, then they use them to scam others here in the states.
what is ridiculous is that I bought a pocket pinger a year ago and have not bothered to test anything. Mostly because I buy my coins from reputable, online dealers and one lcs. But, I cannot explain the reason I have not tested it. idk. laziness perhaps.
I've bought a fake coin from APMEX...
You should ping, for sure. Get a feel for the sound of the real suff vs a fake
What about the ice cube test? I tell ya i dont know how reliable that test is but it sure melts fast on real silver rounds or bars compared to fake.
Ebay should require their sellers to test it and guarantee that it is 100% silver or they can't sell it.
I went to a whatnot auction and during the auction two silver Morgan’s clinked as things were being passed about- the host immediately said wow that’s the wrong sound - it was fake they took it out - I’ve spent the last week researching fake and fake detection - thank you for the specific gravity demo - and I didn’t find a fake in my stack - so I did actually seek out the sigma and on Friday I’ll be doing the bars - thanks for the insights
I’ve been debating about buying a sigma.
Very cool. Glad he was smart.
That "thing in the corner" looks like a fake, too! Correction: more like a spray-painted Hi-point pistol. CLASSY!
Great video.
I just bought a Sigma Pro mini for $1659 two days ago - that’s the grand total including tax and shipping, the same seller who sells them on Amazon for another $140
First mistake: finding a list on Facebook
I rewatched a few portions. You said you can tell just by looking, but not how.
Do they Counterfeit silver bars more than they do rounds
These are still all over eBay under “breakable silver” tons of extremely high premiums
Can’t trust anyone these days. Always remain suspicious!
Worked at a storage facility in college. If a customer knew they had bars in there more then what they owe, which is far less then a bar usaully, they would pay the rent and clear out the unit or get the bars leave everything else to go to action and ignore the threat of collections. Or just break in and take their items back and now ha e a warrant but they don't care.
fantastic!
This is exactly why I invested in a Sigma Metallytcs analyzer. I have found fakes even at coin dealers.
The guy who found them must of thought he was having a great day then to find out they are all fake...
Majority of the fake bars I see all have those same cases, even the 1 oz RCM bars
My last silver purchase was from a store that I believe to be reputable but, I have always had a bad feeling about it. Like they bought fake rounds and dumped them on me. Idk. They just don't feel right.
Silver cuts into ice like nothing else.
I have a mini pro, a good deal at the time. So far it has given confidence in others for buy and sell in person when I use it in front of them.
How did that fake bar do on a ping or acid test?
what a dumb scam, considering the low price of silver and the cost to make fakes like this
The angel Michel silver bars at DS are as pretty as proofs and they are a small premium compared to most others. I want to find those pendant receiver's that i see they have for the veterans silver bar they have. The crownded Lion on the back with the mirror finish ( it's half of the lion) is a dragon upsidedown and the.999 is 666.
To be fair, the Temu listing doesn't claim that what they're showing is silver, they specifically say in the title that it's silver(y) plated, and that it's a collectible not an investment item.
You didn't understand the point I was making... the point is that people buy these on the cheap KNOWING they're fake so that they can scam others with them here.
Thats likely what these bars were originally purchased for.
I think I own 5 oz of fake silver in 1 oz bars. Need to find a way to check but like you said a sigma is expensive for me. I only own about 115 oz and those five I bought from eBay and don’t like them anyway.
Silver has the highest reflection index of any metal higher then platinum. Because of this i thought to myself “what if we lined the pocket under diamonds with silver to throw more fire into them?” Original idea? I found this feature on a ring i inherited.
Oh thats right silver has the highest electrical conductivity as well as thermal conductivity of any metal. So you could test it electronically like the sigma does. I wonder if we could develop a little heater/tester that can show if its heating up evenly and at the right speed?
Why would anyone in their right mind buy bullion off anyone but a proper bullion dealer
I never did the test to see if the silver slightly moves, I have that same magnet. Will it work with bars or rounds in a case?
Not in a case. Yes rounds. I use a small thick dime sized neo magnet and slide it over the bar/round.
@@Crispy640 Thanks
It would be interesting to go back on eBay or wherever he bought these bars from and see if that guy still has them listed. Maybe he’ll hope that the next person won’t check into them. And then he can apologize to the next person that catches him and say it was just a mistake sorry and then relist them again. Trust no one when it comes to this kind of stuff.
How is it too shiny? I have a Coca-Cola silver bar that has the mirror finish on it just like that bar. That might be the best fake I've seen actually.
That why I corrected myself to "it just doesn't look right" lol
eBay still lets you return anything, right?
I had to laugh at the price of the PMV Pro Mini....$1700 U.S.......let me write that down....LMAO !
Wow, what a disappointment.Thank you for this video. I like the fake videos, cause there's always a new way to scam another.😮😊❤
Ice test? Archimedes test? ;)
the fake bars were probably bought by the guy who had the locker ; thinking they were real. either way. thanks for letting me know to always test anything out .
Does anyone know how to test the purity of silver coins? I have a King George V Canadian quarter. The obverse is clearly the second design (1912-1936) and the reverse all I have are the maple wreath and the numbers 25 at the top. Everything else is sleek. I know from 1911-1920 quarters were sterling (.925) and from 1920-1936 they were .800 silver. I would like to pinpoint a year range based on the silver content. The weight and the dimensions are the same for all the quarters during his reign. Thanks any sort of help.
The cheapest test available is probably a black touchstone and acid test. It will probably mar your coin though. Just buy the kit with the right type of acids
Makes me wonder now that the seller knows they aren't real, what he plans on doing with them. He seems like an honest person, but you never know. If he tries to sell them again, he will surely say no to having them tested first.
This is why you don’t buy from Amazon, eBay or any Chinese dealer
silver/copper don't react to a moving magnet because of diamagnetism. That effect is much too weak to visibly move something as heavy as a silver bar. What you're seeing is a demonstration of Faraday's law and Lenz's law.
The change in magnetic flux as you move the magnet over the silver induces electric current (eddy current) to flow in the bar. That current's magnetic field tends to oppose the magnet's, which tends to lock the bar and the magnet together in space; just like superconductor levitation but weaker. You can see demonstrations with aluminum blocks in MRI machines that show how powerful the levitation force can be when the magnet is really really big.
It's the eddy current flowing in the bar that briefly turns the bar into an electromagnet whenever a nearby magnetic field changes.
Regardless of the science behind the process, the result is the same... the bar moves. I appreciate the scientific explanation though, learn something new every day! Thanks!
Yep. Pretty sure I bought a bunch of these some years ago...
Great thinking by the viewer to take it to coin shop to get tested.
$3 a piece looks like a good price for a decoy stack
often these things are always sold at Facebook or eBay LOL
Wow never want the fake silver only the real stuff
I have a bank near me that sells precious metals.
I use my metal detector to test.
Great 😊
I did buy from a reputable dealer on ebay and ended up with a fake. Thankfully I have a sigma.
Almost. Looks like they did. They even sent you one of them. Someone bought it.
The seller let him keep one that he sent to me... I even said that in the video......
I don't stack or anything like that, but I think a real red flag for me would be the photo from the Facebook ad and the way the bars are packaged. To me it just _screams_ Temu, and anybody who's seen a bar from a legitimate producer (Just ask any pawn shop to have a look at any they have in stock) will know they come in sealed packaging, are assay marked, and are individually serialised with a number that can be independently validated on the manufacturers website. 👍
I once took a look at a „gold“ bar that someone was offering at a car-boot sale (US: Flea market) for £20 - It was about 1x2" and (I think) stamped as one ounce. This may have been several years ago, but the spot price for gold hasn't been *that* low since the Bank of England was formed! 🙃
Buyers Beware! Facebook pop up adds also have “dealers” that are selling fakes. Those Great Deals even close to spot or even over are probably bad. Buy from reputable dealers or LCSs…
That's why I trust only the Germania Mint for bars.👌
I trust no bars....I only trust certain sellers !
You can make plenty of money by not scamming people with coins. It's a shame that people scam.
what dose it mean if you put it on a pro and the line is on the left but in the red like halfway. my coin shop i go to regular told me it was real but i looked at the machine and it was reading in the red. i bought it from a coin shop i don't normally go to. should it always be in the green or yellow? he did the measurement test to told me all good.(i do trust the guy but i want to understand how the machine works.) can you just recreate this I'm not sure if the settings weren't set or what or am i just a fool being played who knows help silver bagins.
found a video you made a year ago thanks for the library.
I would buy those for $0.05 each 'cause then I could melt them down for brass casting
Nitric acid test. Cheap and easy.
Went to my local shop to sell my high grade Franklins. . I was only able to get 60% of what I paid. Said he had 500 lbs. Of 90% he couldnt sell.
By contrast he only had a small amount of silver eagles.
Do People add a single small strip of magnetic material to the bar when its being pored? You could make your real sliver bars seem fake by doing that when you create the bars. Only you would know.
E-bay is the last place I would ever buy my Silver from. Paying a little over spot is worth the peace of mind.
I could tell they were fake just by the thumbnail pic!
Before the currency had "In God We Trust" as our motto on the currency, it used to be "To Counterfeit Is Death".
i saw them on ebay today
Buying fake silver bars is not good.
Seeker, can you do a video on silverbacks please?
It would be an incredibly harsh one my friend
Put it in the wishing well for some poor fools
Mmm.. Chinese gold and silver...fake how shocking..
Wish you would weigh it in grams. 31.1 would be ideal.
I’ve got two Morgans that were bought from reputable Coin World advertisers only to learn that 50 years later PGCS cannot validate. Would you like me to send them to you for another YT video? They’re somewhat rare dates….