A counterfeit Caution from Patrick heller
Posted: Tue Feb 07, 2012 8:49 pm"Be cautious when buying 1-ounce silver rounds and bars.
There are a number of fabricated 1- ounce silver rounds and ingots that do not identify either the fabricator or the company for whom they were manufactured. There are also a growing number of deceptive or outright counterfeit 1-ounce silver rounds or bars. Some of the deceptive pieces say something like 1 troy ounce 100 mills .999 silver which means that the gross weight is 1 troy ounce but that there is virtually no silver content. The 100 mills designation indicates the thickness of the silver plating on the piece, which is negligible.
There are also pieces that are of the size and weight and look of 1-ounce silver rounds and bars, but don’t contain any silver at all. We sometimes see pieces either as part of a larger group (usually from other dealers) or occasionally a customer has a handful of these counterfeits and nothing else. In just about every instance, the deceptive or counterfeit 1-ounce silver pieces do not identify the fabricator or the company for whom they were manufactured. "
I suggest reading the whole story at:
http://www.numismaster.com/ta/numis/Art ... id=2219710
There are a number of fabricated 1- ounce silver rounds and ingots that do not identify either the fabricator or the company for whom they were manufactured. There are also a growing number of deceptive or outright counterfeit 1-ounce silver rounds or bars. Some of the deceptive pieces say something like 1 troy ounce 100 mills .999 silver which means that the gross weight is 1 troy ounce but that there is virtually no silver content. The 100 mills designation indicates the thickness of the silver plating on the piece, which is negligible.
There are also pieces that are of the size and weight and look of 1-ounce silver rounds and bars, but don’t contain any silver at all. We sometimes see pieces either as part of a larger group (usually from other dealers) or occasionally a customer has a handful of these counterfeits and nothing else. In just about every instance, the deceptive or counterfeit 1-ounce silver pieces do not identify the fabricator or the company for whom they were manufactured. "
I suggest reading the whole story at:
http://www.numismaster.com/ta/numis/Art ... id=2219710
