Author Topic: Is this the 2013 Wutai silver medal original mint packaging????  (Read 27017 times)

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Offline mmissinglink

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #90 on: April 30, 2014, 12:51:09 AM »
Thincat makes some good points though I have seen plenty of fake common, modern, inexpensive bullion coins being sold by Chinese businesses. So they are not just making fake expensive coins at all. Last year I found at least 2 dozen sellers on AliExpress selling good quality ASE's like this which are alleged to be non-metallic, the correct weight, and correct diameter of a common low cost bullion real ASE:  http://www.aliexpress.com/item/2014-American-Silver-Eagle-1-oz-Pure-Silver-99-99-1USD-Dollars-40-6MM-31-1g/1761860756.html

To me, the fact that these very common and popular bullion coins (ASE's) are being replicated to such a high standard is a little unsettling.

barsenault

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #91 on: April 30, 2014, 06:40:30 AM »
Thincat makes some good points though I have seen plenty of fake common, modern, inexpensive bullion coins being sold by Chinese businesses. So they are not just making fake expensive coins at all. Last year I found at least 2 dozen sellers on AliExpress selling good quality ASE's like this which are alleged to be non-metallic, the correct weight, and correct diameter of a common low cost bullion real ASE:  http://www.aliexpress.com/item/2014-American-Silver-Eagle-1-oz-Pure-Silver-99-99-1USD-Dollars-40-6MM-31-1g/1761860756.html

To me, the fact that these very common and popular bullion coins (ASE's) are being replicated to such a high standard is a little unsettling.


Hey missing, are you sure these are fake eagles?  those things look real, and they even say .999 silver.  what leads you to believe they are not?  If they are not, why isn't the U.S. mint all over this company?

Offline mmissinglink

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #92 on: April 30, 2014, 09:19:22 AM »
Hey missing, are you sure these are fake eagles?  those things look real, and they even say .999 silver.  what leads you to believe they are not?  If they are not, why isn't the U.S. mint all over this company?


Definitely fake and legal in China. To see that they are fake, go below to the bullet points and see "Antique Imitation" and "Souvenir"....I think that's the exact words they use. There are bullion coins of every conceivable type being faked. The fakes are imitating common bullion coins....not rare expensive coins only.

Yes, I know, if this is the first time you are learning this....it is a bit shocking.

The pieces sold may be .999 silver and may in fact be 1 oz but they are nonetheless, still fakes of a real bullion coin. Most of the fakes are in fact silver plated. Still, they look quite convincing.

Some people make the case that with low cost, decent quality fakes, they can be used as decoys so that in the event you are at work and you happen to have some real silver or gold coins at home in a hidden or secure place and someone breaks into your home and they come across silver or gold coins that look real, that this may prevent a more rigorous and efforted search for coins or other valuables that the thief (who may not be a coin expert) may suspect you have. It's not so unusual for a friend or a friend of a friend or a relative who is desperate and who may have some knowledge that you have some valuables (including of course real coins) in your home, to attempt to steal those valuables.

Offline poconopenn

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #93 on: April 30, 2014, 07:05:45 PM »

Definitely fake and legal in China. To see that they are fake, go below to the bullet points and see "Antique Imitation" and "Souvenir"....I think that's the exact words they use. There are bullion coins of every conceivable type being faked. The fakes are imitating common bullion coins....not rare expensive coins only.

Yes, I know, if this is the first time you are learning this....it is a bit shocking.

The pieces sold may be .999 silver and may in fact be 1 oz but they are nonetheless, still fakes of a real bullion coin. Most of the fakes are in fact silver plated. Still, they look quite convincing.

Some people make the case that with low cost, decent quality fakes, they can be used as decoys so that in the event you are at work and you happen to have some real silver or gold coins at home in a hidden or secure place and someone breaks into your home and they come across silver or gold coins that look real, that this may prevent a more rigorous and efforted search for coins or other valuables that the thief (who may not be a coin expert) may suspect you have. It's not so unusual for a friend or a friend of a friend or a relative who is desperate and who may have some knowledge that you have some valuables (including of course real coins) in your home, to attempt to steal those valuables.

Those reproduction ASEs have been in the market for a long time. Usually they can be bought at $2.50/coin with a  min. order of 20 from China. They are silver plated.

Offline mmissinglink

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #94 on: April 30, 2014, 09:46:52 PM »
The item I posted the link to appears to claim that it's 1 oz solid .999 silver. So basically, if true, it's a silver round that looks just like an ASE.

Of course, there are many listings on AliExpress in which silver plated rounds are being sold but it looks like they stepped up the fake game with a 1 oz pure silver replica ASE.

If those get on the US market widely, it could be a problem as most stackers and even coin collectors would likely not be able to tell the difference between a well made ,999 pure silver 1 oz ASE replica and the real McCoy.

barsenault

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #95 on: April 30, 2014, 09:52:28 PM »
The item I posted the link to appears to claim that it's 1 oz solid .999 silver. So basically, if true, it's a silver round that looks just like an ASE.

Of course, there are many listings on AliExpress in which silver plated rounds are being sold but it looks like they stepped up the fake game with a 1 oz pure silver replica ASE.

If those get on the US market widely, it could be a problem as most stackers and even coin collectors would likely not be able to tell the difference between a well made ,999 pure silver 1 oz ASE replica and the real McCoy.

If those were actual fakes claiming all the same parameters of the McCoy, I'd be very shocked, and it would be alarming, and I can't imagine the U.S. govt getting involved. 

Offline mmissinglink

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #96 on: May 01, 2014, 02:11:58 AM »
The US gov't can do nothing to prevent or stop the manufacturer of them. And, as far as I know, it's not illegal for US citizens to buy them. As far as resale within the US, that might be illegal...though I don't know for certain.

Offline mmissinglink

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Re: Is this the 2013 Wutai silver medal original mint packaging????
« Reply #97 on: May 03, 2014, 03:28:05 PM »
It appears as if the Shenyang Mint itself has packaged the Wutai medal in more than one configuration. These images are close-ups of my second Wutai medal (this medal was bought on eBay but not from thincat or lucklymoney:




<a href="http://s2.photobucket.com/user/mmissinglink/media/Coins/101_2285_zps11307c59.jpg.html" target="_blank"><img src="http://i2.photobucket.com/albums/y6/mmissinglink/Coins/101_2285_zps11307c59.jpg" border="0" alt=" photo 101_2285_zps11307c59.jpg"/>[/url]






<a href="http://s2.photobucket.com/user/mmissinglink/media/Coins/101_2282_zps6380d473.jpg.html" target="_blank"><img src="http://i2.photobucket.com/albums/y6/mmissinglink/Coins/101_2282_zps6380d473.jpg" border="0" alt=" photo 101_2282_zps6380d473.jpg"/>[/url]






<a href="http://s2.photobucket.com/user/mmissinglink/media/Coins/101_2281_zps97951214.jpg.html" target="_blank"><img src="http://i2.photobucket.com/albums/y6/mmissinglink/Coins/101_2281_zps97951214.jpg" border="0" alt=" photo 101_2281_zps97951214.jpg"/>[/url]