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Thread: Is this a fake American Eagle?

  1. #21

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    Quote Originally Posted by insidedealer View Post
    Don't say no one.
    I know I wouldn't, and you wouldn't, and everyone reading this(the humans anyway) wouldn't, but we're not everyone.
    Do a search on completed auctions on Ebay for simply "silver eagle". the listings that are completed and sold. I see one or 2 that sold for 99 cents, with free shipping, from reputable sellers. A mistake maybe, or maybe a marketing effort.

    Apart from Internet world, I've known anecdotally from bank tellers/bank managers of the people who deposited $500 bills, $1000 bills, even $10,000 bills. And a few tales of depositing rolls of silver coins or gold coins, the #1 story would be the older lady who went to deposit a couple of rolls of $20 gold coins and a few rolls of Carson City dollars, all original and BU.

    As far as your auction in the OP, I do think it's most probable a fake, being sold knowingly or unknowingly, with a lean to unknowingly. I'm just not as sure as you and others who've posted are.
    Ebay/Amazon/Craigslist/Etsy/Sotheby's/Christie's/Facebook, etc./etc. are all company's who try to make a profit.....some are better than others at policing what's being bought/sold but in my experience I've seen fakes from all of them.
    You are welcome to use your own money to find out if this is a bargain or a fake. I for one would rather not subject myself to the risk. As for banks taking in valuable currency without informing their clients, shame on them. Or perhaps shame on the teller that was willing to take advantage of an uninformed person and win a profit for themselves.
    American Legion Preamble: https://www.legion.org/preamble

  2. #22

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    Quote Originally Posted by LongDonSilver View Post
    You are welcome to use your own money to find out if this is a bargain or a fake. I for one would rather not subject myself to the risk. As for banks taking in valuable currency without informing their clients, shame on them. Or perhaps shame on the teller that was willing to take advantage of an uninformed person and win a profit for themselves.
    As I understand the Ebay system and others have said....there's not much risk. The buyers can file a claim and get their money back. It's not for me, as I wouldn't want the hassle, time spent dealing with it. And this would only happen with a knowledgable buyer, what about the many unknowledgable buyers, I'm against having any corporation allow questionable silver eagles, or questionable designer lady's handbags, etc.

    The tales I tell are anecdotal, the few cases that I become aware of, which is likely .000000001% of all the times someone has deposited at a bank or spent at a store a coin or bill that's worth more than face value. fwiw, the lady with the $20 gold coins got diverted by the teller to a local lcs who payed appropriately with many tears of joy involved. I wouldn't blanket condemn the banks or the piggly-wiggly corp here. Each case is different. I'm encouraged by the tellers who have relayed such stories or called about someone trying to deposit some strange piece of fiat, like a $2 bill. What are we to expect overall happens when someone deposits/spends a silver quarter.

    What would any of us do if as a teller or a clerk we received a silver quarter.

  3. #23

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    Quote Originally Posted by and4rik View Post
    Looks ok to me, what is the issue other than low price?
    Who sells a 2023 for 10 below cost? Plus, look at the photos, the striations are not indicative of a real SAE

  4. #24

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    Quote Originally Posted by insidedealer View Post
    What would any of us do if as a teller or a clerk we received a silver quarter.
    Depends on whether we identified the quarter before the customer left. I would hope that we would all give it back if it was known prior to the customer leaving. What does it profit a man to gain the world, but lose his soul?

  5. #25

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    Quote Originally Posted by Atlas Shrugged View Post
    Depends on whether we identified the quarter before the customer left. I would hope that we would all give it back if it was known prior to the customer leaving. What does it profit a man to gain the world, but lose his soul?
    True. I'd agree.
    What would you do if you received a silver quarter as a customer:
    1. From a bank teller
    2. From some random gas station in the next county
    3. The local grocery store
    4. From a farmer you knew and liked at a farmer's market
    5. From a farmer you knew and didn't like at a farmers market
    I can say I'm not a perfect 5/5 here.
    Last edited by insidedealer; 07-03-2023 at 06:30 PM.

  6. #26

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    Quote Originally Posted by insidedealer View Post
    True. I'd agree.
    What would you do if you received a silver quarter as a customer:
    1. From a bank teller
    2. From some random gas station in the next county
    3. The local grocery store
    4. From a farmer you knew and liked at a farmer's market
    5. From a farmer you knew and didn't like at a farmers market
    I can say I'm not a perfect 5/5 here.
    The majority of the time I find Silver in the wild is when I check the coin machines. What a rip off they are for people and many don't check the reject cup.

    I can't recall getting silver from 1-5. Most of the time I wouldn't be able to tell where I got it since I use cash for the most part and dump the change in the center console arm rest. I go through the change about every 6 months. It depend on whether I can identify the owner of the coin. If I can, I would point it out to them, whether I liked them or not.

  7. #27

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    Wow, there is just a ton of fake SAEs on ebay. Most are from China. I just spent 20 minutes reporting them. Why can't ebay keep this under control.

  8. #28

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    Quote Originally Posted by Atlas Shrugged View Post
    Wow, there is just a ton of fake SAEs on ebay. Most are from China. I just spent 20 minutes reporting them. Why can't ebay keep this under control.
    My honest belief is that they just don't care. In their eyes, a sale is a sale is a sale.

  9. #29

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    My honest belief is that they just don't care. In their eyes, a sale is a sale is a sale.

    Well, should not the U.S. Secret Service care about such fraud of official U.S. money? Anyone heard about them taking action against what seems common, and perhaps easily traced, illegal activity?

    Oh yeah, I forget, the entire fiat fed dollar is now a fraud, so maybe fraud of what is very close to the Constitutional dollar, is actually a good thing (still, not for the U.S. Mint).

    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  10. #30

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    the deal is however that if you can afford to get a good deal by being the auction or buy here now winner on these ebay listings and floating the payments for a short while, once it is delivered you can test it for authenticity and if it turns out to be fake, you can get your money back eventually especially if you use a credit card payment type. i have done that a couple times and either ebay policies or my credit card company or both have returned my payment and one time i was told i did not even have to send the fake coins back to the seller. its not something i would regularly suggest but can be done. you never know - you may be a winner.

    Maybe it was a relatively small amount (not in the hundreds of worth) of what you have found to be a fake and returned? On Amazon, I recently ordered a used, but like new smart phone for my wife (worth about $500). It turned out to have a number of missing and important integral features, so we returned it under warranty, a warranty that was advertised as Amazon backed. Well, Amazon claimed that the seller reported that I returned a different phone, so reversed the warranty payment. Now, I've been fighting this for month, far more hours and stress than what the phone was worth already (currently under "investigation", which now seems to be just an excuse they have, they hope I will give up). Because of this one experience, I will NEVER purchase anything of significant value online, especially from Amazon or Ebay. They will lie, plain and simple. (Note - Amazon had gained my trust earlier, as for less valuable items, they did back up warranty).

    What is your recourse if the seller simply claims you sent the wrong item back?
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

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