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| Above, a screen capture of the ad. |
Facebook has been very lax in vetting advertising from so-called silver coin dealers and allowing obvious fraudulent ads appear on the social media platform.
The latest is a scheme to sell alleged proof American Silver Eagle coins with presentation boxes for $9.98 each by a company called Avaliry. This price is way below the current silver spot price of a little over $23.00/toz.
I bought an American Silver Eagle Proof coin directly from the U.S. Mint at the National Money Show for $80.00. While doing so, the director of the U.S. Mint, Ventris C. Gibson, autographed my purchase.
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| Above, a real American Silver Eagle proof set signed by the direct of the U.S. Mint. Photo by Armand Vaquer. |
Other similar ads have been popping up on Facebook with the same format (under different names) using a video. Some were even offering the "proof" coins for $7.98 each. No doubt these are Chinese counterfeits.
I have notified Facebook. I am sending this blog post to Doug Davis at the Anti-Counterfeiting Educational Foundation (ACEF).
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