The danger of spending hard-earned currency on purchasing counterfeit Gold & Silver Eagles is increasing substantially. The Chinese are now counterfeiting official coins of all the major mints in the world. It is no longer safe to think that if you purchase these smaller denomination coins that you will suffer less of a counterfeit threat than the larger bars.
In the video, James Anderson & Mike Maloney show how to spot the difference between fake and real Gold & Silver Eagles as well as other bullion products. James Anderson of Goldsilver.com, actually contacted the Secret Service to let them know how bad of a problem it has become with the Chinese counterfeiting of Gold & Silver Eagles.
It is one thing to produce bogus precious metal bullion products , but another to counterfeit LEGAL TENDER COINS such as the U.S. Mint Gold & Silver Eagles. The penalty for producing fake precious metal bullion is fraud, but it becomes a Federal offense under the jurisdiction of the Secret Service when legal tender coins such as Gold & Silver Eagles are counterfeited.
Anderson was instrumental in getting E-Bay from selling these fake Gold & Silver Eagle coins once they understood the severe penalties of retailing fake legal tender coins.
I highly recommend the video to new investors as well as those who have been buying precious metals for years. Things are changing quickly as more precious metal fakes are coming on the market. It is wise to work with the highest quality and most reputable gold and silver dealers.
GoldSilver.com is spending a great deal of effort in guaranteeing the authenticity of the precious metal products.