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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

In the past I have bought 5 silver eagles at what I thought was a good price. I learned that silver is not magnetic and I checked the coins I bought from Ebay. All are Chinese fake base metal with silver tint. So, if you buy from Ebay a silver coin--check to see if it clings to a magnet, in which case it's a fake Chinese junk coin. If you don't get your money back, don't buy from Ebay any coins until they guarantee that you WILL get your money back. It's an expensive lesson but only buy from reputable sellers and bring your magnet to see if it clings to the coin, in which case, don't buy it! Why Ebay allows sellers who sell fake coins is beyond me. Also, if the coin  you just bought comes in a plastic wrapper that says it is from China, try to get your money back. Buy only in person and bring a magnet with you. Many local vendors can show show you all the Chinese junk coins collection they have. All the fakes I bought were nice and shiny!

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

Why would you think that a silver eagle from China would be genuine?

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

File the Ebay Money Back Guarantee claim for Item not as described.

 

Eventually, if the seller finds enough people willing to buy his coins, and bright enough to know they bought a fake, he will be shut down by Ebay.

 

 

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

The only bullion I would buy on line is chicken or beef.

 

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

Until eBay employs tens of thousands of people to travel with magnets to every Chinese seller and test every single coin they have for sale (every day, because new listings) I'm not sure how you think eBay can proactively vet listings. They offer a quite comprehensive Money Back Guarantee, and if a seller has too many MBG cases opened eBay can and does boot them.

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

A lot of fakes are an alloy of copper, nickel, tin and zinc. A magnet won't help here. I've had people bring them in my brick and mortar store to try to sell them. Fortunately I sigma test everything.

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

@noahbod_19 

 

< if you buy from Ebay a silver coin ... >   

 

If I do, it'll be from JMBullion or maybe Apmex.  But from a Chinese seller?  Don't make me laugh.         

 

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

@noahbod_19 

It sounds like you have learned some very important lessons about buying online and buying on eBay in particular. 

Just because it is listed here does not mean the product is REAL, or you will even get "what is in the picture".  For those sellers that submit REAL products, this whole thing is an embarrassment to them, and a main reason they may choose to SELL SOMEPLACE ELSE.   It would take a long time to explain to you or anyone else how to spot potentially fake listings, how to spot listings that are likely going to end up with you being a victim or a fake tracking scam, or how to see your buyer just registered yesterday and has 20K$ worth of product for sale when "newbies" are supposed to have selling limits.  

Though I am pretty confident in MY ability to spot fake stuff, eBay seems to have excluded any information to help a buyer decide.  Either eBay is remiss in this perceived (maybe only by me) obligation to their users or it is by design.  Buyers have the Money Back Guarantee that can be a giant fail if a seller of "vapor" sends a box of rubber bands to the buyer's  local gas station instead of the Iphone they purchased.  Just try to get to the "feedback" page of a new user registered last week that has a ZERO rating.   Learn (or ask) how to do this so you won't hear from less informed individuals  that "you should have seen that your seller was from China, has 972 negs in the last month... yada yada"....

Read here, educate yourself.  The responders here will help you. 

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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

 

 


@tobaccocardyahoo wrote:

 

Eventually, if the seller finds enough people willing to buy his coins, and bright enough to know they bought a fake, he will be shut down by Ebay.

 

 


@tobaccocardyahoo,

 

Nah! they'll just source another counterfeit product like fake SD cards, and sell them.

 

"THERE IS NO SUCH THING AS FOOLPROOF, BECAUSE FOOLS ARE SO DARNED INGENIOUS!" (unknown)
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Buying silver thats fake and sellers are selling fake silver that clings to a magnet

 

 


@simba6 wrote:

The only bullion I would buy on line is chicken or beef.

 



@simba6,

 

From Chinese sellers?

"THERE IS NO SUCH THING AS FOOLPROOF, BECAUSE FOOLS ARE SO DARNED INGENIOUS!" (unknown)
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