HELP found HUGE SILVER COINS

[Mvgirl]

I would be cautious, as there are many fakes out there. Make sure you do your research and investigating in the coin world, so you know how to identify properly. If they are fake, $10.00 for one coin is not the end of the world, but $10.00 each for 10 coins starts to add up to a stomach ache if they are fake. Good luck, because if they are real silver, it is a good deal.

Thanks! I'll be careful

 

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[DeepseekerADS]

Nobody in their right mind stands on the corner & gives money away - come one come all.

At almost all times - those "too good to be true deals" are just that.

Me, I learned that the very hard way too - years ago. In fact, I'm still sitting on $50 silver....

 

[GoDeep]

The classic "Old guy who doesn't know what he has" con. Don't fall for it. He knows exactly what silver is worth. If he's an old guy, he grew up when silver coins stopped being minted and was present for the hoarding of them. If he's an old guy, he was present when silver prices skyrocketed during the late 70's when it hit 48.70 per ounce ($174.80 in todays prices) If he has these coins, he knows what they are and what they are worth. You are very likely buying plated clad commemorative coin of the month set.

Edit: I did find some similar commemorative Canadian Olympic coins on ebay claiming to be silver, so real ones evidently exist, you'll just have to verify they aren't a plated clad version or worse, imported fakes posing as solid silver.

 

[Toecutter]

Learning the hard way with coins is no fun... That old guy knows alot more then you think

 

[Owassokie]

True...but he could be an old guy that doesn't know how to research or is moving and getting rid of stuff.

Mvgirl. Just keep in mind that BY FAR....the majority of similar scenarios end with results being that the coins are fake or advertised as something they are not. If you have knowledge (you don't) or can bring someone with knowledge to examine the coins....buy them. If not....don't. This is the classic dilemma someone new to coins will deal with and many learn a costly lesson because of the "too good to be true" deal they just couldn't pass up on. My advice is to buy a couple just for a cheap lesson. If they happen to be real...great. If not, you've learned a cheap lesson.

 

[fistfulladirt]

The classic "Old guy who doesn't know what he has" con. Don't fall for it. He knows exactly what silver is worth. If he's an old guy, he grew up when silver coins stopped being minted and was present for the hoarding of them. If he's an old guy, he was present when silver prices skyrocketed during the late 70's when it hit 48.70 per ounce ($174.80 in todays prices) If he has these coins, he knows what they are and what they are worth. You are very likely buying plated clad commemorative coin of the month set.

Edit: I did find some similar commemorative Canadian Olympic coins on ebay claiming to be silver, so real ones evidently exist, you'll just have to verify they aren't a plated clad version which they probably sold too or worse, imported fakes.

Lol I’m that old guy! Unfortunately, silver will never really take off nowadays due to heavy manipulation of price, physical vs paper. Even as far back as the 1970’s, those weren’t natural market forces involved as the Hunts ‘rigged’ the price to the high $40’s. How often will that happen?

 

[claypile]

Silver coins can deliver value over the long term.