Notable Differences 1. Only buy silver town , scottdale,MCM, alydin may have miss spelt last one. Give support, share information, and connect with fellow members. Fake SilverTowne 1 oz. silver bars [must see counterfeit ] gigg25. Many of you probably read about the USPS incident with my Silver Spot Squares contest winner yesterday, where the USPS "lost" the contents of the winning package (140 ounces of silver). What appears to be a 1-ounce silver bar from SilverTowne is actually a silver-plated brass counterfeit fabricated in a facility in China. I know nothing about buying silver, so I looked this up, but why would someone pay $24 to buy silver from a random stranger on Ebay, when you can buy them from SIlvertowne directly for $23? 2. I know nothing about buying silver, so I looked this up, but why would someone pay $24 to buy silver from a random stranger on Ebay, when you can buy them from SIlvertowne directly for $23? Genuine Version #1 Notable Differences The field is too proof-like on the counterfeit bar. The counterfeit lacks fine detail on the left end of the branch. There is that collector mentality again where a collector want every version of something. Counterfeit 1-ounce silver bar made in China replicates the designs that appear on genuine silver bars produced by Northwest Territorial Mint. Share best practices, tips, and insights. CHECK THE REVERSE. While it is not a big as before, it is still alive and well. The primary method to detect the counterfeit from the genuine piece without conducting metallurgical analysis or destructive testing is measuring the thickness. So, when you see a one ounce silver bar selling above silver price or even from the mint making it, it is because it usually is no longer minted or some other reason. The text on the front of the bar is thinner on the counterfeit. Share best practices, tips, and insights. In the case of the Northwest Territorial Mint 1-ounce silver bars, the counterfeits are 50 percent thicker, at 0.126 inch, versus 0.083 inch for the genuine bars. Fake SilverTowne 1 oz. All brand names and designs remain trademarks of their respective owners. Truthfully I would worry about many of the B & M stores more than I would purchasing from one of these companies online. Copyright © 1995-2020 eBay Inc. All Rights Reserved. However, without having the genuine and counterfeit examples side-by-side, the difference is not obvious. The donkey and miner are slightly larger on the counterfeit bar, with a smaller gap between the miner's head and the edge of the rectangle. I hope it helps. The hobby took a big hit when the Hunt brothers tried to corner the Silver market and silver hit $50.00 an ounce. Ask the buyers. CHECK THIS OUT. We have compared this counterfeit bar to an older production Silvertowne Eagle bar (Version #1) and the modern current production bar (Version #2). Click here for the full site Terms and Conditions. Thousands of buyers were scammed. If you know they are fake, the idea is not to buy from them and add to the problem. Always a good idea to pay extra attention to buying secondary market products though, even from dealers. I found this website that has a side by side comparison photo of a genuine Silvertowne bar and a fake. Ask the buyers. You guys are the best, bar none. The counterfeit is more than 50 percent thicker. everyone has warned ebay this is happening.....i came across SEVERAL selling both fake gold and silver.....nothing ever happened....... why are some paying $45 for a $17 ounce of silver because it has a design on it? 10 oz Buffalo Replica Silver Bars 10 oz Bar of Silver | Buffalo Replica Design. I picked up some Predator series silver rounds produced by the Royal Canadian Mint because the production numbers are relatively low which will make them worth more than face if the series catches on. CHECK THE REVERSE. Why give them another sale? The reverse style on this counterfeit is in portrait orientation, where this particular genuine bar has the landscape style reverse. All rights reserved, California dealer discovers fake Krugerrand in fake holder, Bust coin sale includes contemporary counterfeits, Counterfeit American Eagle gold bullion coins better quality, Pobjoy celebrates ‘A Christmas Carol’ with new coins from Ascension Islands, Buy & Sell Coins Online at the Coin World Marketplace. Donations, advertising, or any other payments do not grant insurance or recourse of any kind. Donations, advertising, or any other payments do not grant insurance or recourse of any kind. Use the filter system below to browse and search the database. Andrew Martineau, vice president of merchandising at APMEX, says any bullion products the firm purchases from secondary market sellers are metallurgically tested individually to confirm their authenticity. Many times they don't think that the larger companies will do business with them for one ounce at a time. Meet other eBay community members who share your passions. New entries in the Fake Bullion Database can only be viewed by donors for the first 60 days they are listed on the website. Many one ounce silver bars sold for over a hundred dollars when silver was only $5.00. The eagle's head is also missing some texture on the counterfeit. The genuine bar does have a smooth, reflective background finish, but not to the proof-like level of the counterfeit. I picked up some Predator series silver rounds produced by the Royal Canadian Mint because the production numbers are relatively low which will make them worth more than face if the series catches on. Also if you are buying buillon you can always purchase buillon coins that are minted by the US and Canadian Governments (.999% pure) which are also sold by these reputable sellers. The field is too proof-like on the counterfeit bar. Fakes do sometimes show up in pawn shops and at coin dealers who buy from the public and aren't aware of how many new counterfeits have come out in the last few years. Due to the age of the thread, it has been closed to further replies. CHECK THIS OUT. Martineau said APMEX has an extensive library of fake bullion products it has received that the firm uses to educate its staff on what to look for. They don't do their homework. These counterfeits include American Eagle and Canadian Maple Leaf coins, he said. So, when you see a one ounce silver bar selling above silver price or even from the mint making it, it is because it usually is no longer minted or some other reason. Many one ounce silver bars sold for over a hundred dollars when silver was only $5.00. Examples can be purchased online well under $1 each, in quantity.