Hundreds of thousands of fake rare coins are being sold in this country without the required “copy” or “replica” stamped on the coin.
That means thousands of people have bought fake rare coins and have lost their money buying what they thought were real, rare coins.
Buying coins, especially sight-unseen online, can be harmful to your wallet if you can’t trust the source.
Here’s how to protect yourself:
- Find a reputable coin dealer.
- Buy coins that have been encapsulated by a third-party grader
- Be skeptical of buying a coin that seems like too good of a deal.
Must Read: Collecting Fake Coins
I’m a roller coaster junkie, a weather enthusiast, a frequent traveler, and a numismatist. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG). I’ve also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, food, and living green… on a budget.