white&yellow999
Predaceous Stink Bug
I thought this might be a fun thread! 
Whether it was on ebay, a coin shop, yard/garage sale, an online dealer, a fake, etc. I want to hear about. Don't be shy we are not here to judge. This thread is for you to tell your story. Tell us your story. In fact, I will start.
This happened when I was new to buying silver and silver was much less expensive then it is currently. I am not going to mention the name because I still go there and I believe it was an honest mistake on their part, but this happened at a local coin shop in my area. I was making a pretty big buy for myself at the time, I think it was around 30 oz. So I was going thru their miscellaneous second hand bar and round box, having already picked out a 10 oz bar and some well known names like engelhard and JM one oz's, and came across a world trade center 9/11 commemorative round in a hard plastic air-tite case with a black padded ring around it. I thought it looked nice and even though I had never seen one before, I trusted my dealer and didn't think that it mattered that it didn't say .999 fine silver or one troy oz. Like I said, I trusted the coin store to have tested it or if it had any doubts not to buy it from a customer. So I bought it, I didn't think anything of it until I got home. When I got home, I got online and looked up some of the new silver pieces I had acquired. I found this round was clad in pure silver and not actual solid pure silver. I tried to get a return from the coin store but they claimed ignorance, they don't remember every round they sell, and no returns of pm's due to price fluctuation, etc. So, I got stuck with it. I was upset at the time but it was a rookie mistake and have made up that loss substantially since then, like I said this was when silver had just crossed into the $20 range. Now I know to make sure everything I buy, unless it's junk silver, is marked for purity and weight.
Good news though, I recently sold it on eBay for $14 on the 10th anniversary of 9/11. I was completely honest in the listing and told the buyers it was clad several times in the listing.
I attached pictures of this silver dud. I took it out of the hard air-tite case after I found out it wasn't pure, to put a real silver coin in it.
Whether it was on ebay, a coin shop, yard/garage sale, an online dealer, a fake, etc. I want to hear about. Don't be shy we are not here to judge. This thread is for you to tell your story. Tell us your story. In fact, I will start.
This happened when I was new to buying silver and silver was much less expensive then it is currently. I am not going to mention the name because I still go there and I believe it was an honest mistake on their part, but this happened at a local coin shop in my area. I was making a pretty big buy for myself at the time, I think it was around 30 oz. So I was going thru their miscellaneous second hand bar and round box, having already picked out a 10 oz bar and some well known names like engelhard and JM one oz's, and came across a world trade center 9/11 commemorative round in a hard plastic air-tite case with a black padded ring around it. I thought it looked nice and even though I had never seen one before, I trusted my dealer and didn't think that it mattered that it didn't say .999 fine silver or one troy oz. Like I said, I trusted the coin store to have tested it or if it had any doubts not to buy it from a customer. So I bought it, I didn't think anything of it until I got home. When I got home, I got online and looked up some of the new silver pieces I had acquired. I found this round was clad in pure silver and not actual solid pure silver. I tried to get a return from the coin store but they claimed ignorance, they don't remember every round they sell, and no returns of pm's due to price fluctuation, etc. So, I got stuck with it. I was upset at the time but it was a rookie mistake and have made up that loss substantially since then, like I said this was when silver had just crossed into the $20 range. Now I know to make sure everything I buy, unless it's junk silver, is marked for purity and weight.
Good news though, I recently sold it on eBay for $14 on the 10th anniversary of 9/11. I was completely honest in the listing and told the buyers it was clad several times in the listing.
I attached pictures of this silver dud. I took it out of the hard air-tite case after I found out it wasn't pure, to put a real silver coin in it.
Attachments
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Like Unobtanium, I've gone with reputable dealers so far.