Another Counterfeit Coin Facebook Ad

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.

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).