Cheap Silver

I got an ad on FB and a site is selling solver oz for $8. They ad shipping, but I bought 20 oz for $220. Here is the link I used....

https://www.wish.com/product/585cae1...wsTHQXLi-UrM8U

Let me know if it works for you too.

Originally Posted by t00nces2

I got an ad on FB and a site is selling solver oz for $8. They ad shipping, but I bought 20 oz for $220. Here is the link I used....

https://www.wish.com/product/585cae1...wsTHQXLi-UrM8U

Let me know if it works for you too.

My main concern with these would be that they aren't 99.9% silver. I haven't bought much silver, but I have seen people fill bars with lead or other low value metals and passing it off as pure silver bars. It may be worth drilling a few holes in one of them to see. If it is pure silver I'd buy up all I could at those prices.

Originally Posted by 406Refining

My main concern with these would be that they aren't 99.9% silver. I haven't bought much silver, but I have seen people fill bars with lead or other low value metals and passing it off as pure silver bars. It may be worth drilling a few holes in one of them to see. If it is pure silver I'd buy up all I could at those prices.

Fair enough, buyer beware at all times. The price has changed, it now works out to $150 for ten (still not a bad price). I'm pretty good with PM's and will do some tests to make sure it is what it was advertised as. SilverTowne Prospectors are a fairly well distributed silver bar and should be relatively easy to verify without drilling holes in them. Also, silver is not really the PM you would go to to mint fake bars. It would be a bit like counterfeiting $1 bills.

I will let you know how things turned out.

Originally Posted by blackgold12

Inside a Chinese Coin Counterfeiting Ring

https://www.thesprucecrafts.com/chin...g-ring-4071202

Okay, guys. I appreciate the skepticism and the warnings. Here are my thoughts...

1. Making counterfeit silver bars is not worth the trouble. They aren't worth anything to speak of outside the value of the silver. If you have a press capable of counterfeiting bars, you would make fake gold bars.

2. The stories posted talked about making counterfeit silver COINS with numi value. They aren't making 1921 Morgan dollars, they aren't making 1964 Kennedy silver half dollars, they are making Morgan silver dollars with high numi value.

3. The deal offered, in my opinion, is a pricing error. It happens and companies will generally honor the price and purchases. I don't believe it was a con, I believe it was a mistake.

4. I only spent $220. I did not spend the sum total of my savings. I did not spend the money set aside to pay my mortgage. I did not spend the grocery money (although, some would argue that spending the grocery money on something I couldn't eat would be the better investment). I spent money I would have spent on beer and pissed away or on garage sale purchases. I spent money I would tend to either p i s s away or gamble on something I thought was worth more than the money paid for it.

5. I did not tell anyone here to GO BUY THIS!!!! I simply brought the offer to the attention of people I thought might see the possibility of a score. The same people who drive around spending money on gas to GAMBLE they will find enough junk to pay for the gas.

6. I appreciate the warnings and cautions, but we are all big people here. I guess the cautions are written with the same good intention that my alert to the deal was sent. Thank you for your concern. Yes, I know the product was priced below what the item generally sells for, that is why I posted the link. If people here would rather I keep what I believe is a good deal to myself rather than posting the info, I will keep the info to myself in the future.

I will say I did put a bit of thought into how much to get. All the cautions went through my head. I looked at the deal and who was offering the deal. I considered what I used to pay, in this case it was my Amex card. If it is a scam, I will have fraud protection having used the Amex card. I considered only getting 10 and I realized I have made over $300 in the past couple weeks selling items I bought at garage sales on Craigslist and FB Marketplace that I paid under $40 for. I get it. It was a too good to be true, but that is the money the garage sale purse is full of; stuff bought at severely discounted price that I flip for much more than I paid... and to be honest, this isn't even one of the better deals I have gotten.

Sorry to rant on, but I think it is important in life to not be too cautious. Sometimes you have to take a measured chance. Throw a dollar at the slot, buy a lotto ticket, buy a camper to have some fun, throw a dollar at an empty beer can to list on eBay. The stories you tell are never the stories about how your plans turned out exactly as planned. The best stories are the ones where you took a chance and things didn't go as expected or that you had no idea how they would turn out and they were the best time ever. Perhaps I can be a little cavalier because my luck throughout my life has been so good. It seems I can step in a pile of s h I t and sell the shoe to a collector.

I will make this offer, to anyone who wants who doubts I will get the silver bars, I will bet a 1oz silver bar or round that the product I get is real.If it is fake, I'll send an oz Ag, if they are real, you send me an oz of Ag. Be careful, my luck is really good!

Ok, I am now getting a bit suspicious. the price is back down to $8. The 1 oz bet is off.

Originally Posted by auminer

It won't let me sign in without social media BS that I either don't have or won't share, but what I can see behind the login blocker it appears to say they are plated iron.

You know the old saying, "...if it sounds too good to be true..."

Items are sold and shipped by Shiny Home.


Giant red flag.

A quick google search shows the one in OP's ad even shows they're fake.

https://www.fakebullion.com/index.php/component/k2/item/15-silvertowne-1-ounce-silver-bar

Originally Posted by t00nces2

Ok, I am now getting a bit suspicious. the price is back down to $8. The 1 oz bet is off.

Uh, that's not how betting works. You can't pull a bet halfway through the horserace. I'm not going to hold you to it, just saying.

Originally Posted by IamTheGreatest

Uh, that's not how betting works. You can't pull a bet halfway through the horserace. I'm not going to hold you to it, just saying.

The odds changed. You did not take me up on it while the wager was offered. If a nag is 1000/1 and all the competitors die an hour before the race, the odds will be adjusted, count on it.

Well, I cancelled the order on the wish site and told Amex to stop the payment. If the package arrives, I guess I may or may not open it. If they are SilverTowne bars, I have no problem paying for them. If they are fake, they will be sent back. I'm tempted to buy one, just to get a look.

You're going to get mad at me and say I'm condesending but I have to speak up. This is why people get scammed. You aren't goimg to find a business that sells stuff for less than wholesale. Why would Mr. Wish and crew sell to anyone for 6 dollars an ounce when they can go to a local jeweler and get spot minus 20 percent? This reminds me of the person who asked in this forum "Where can I buy stuff at a store and drive it right to the yard and make money on it" If this was possible, a. Nobody would say where. They'd do it themself all day long. And b. The business itself would do it. I'm sorry if I come off wrong but this exactly what I see everyday. People get blinded by the money.

Originally Posted by blackgold12

And it looks like your luck has run out.

On the contrary. My luck is very good. I am fortunate to have friends who will point out details I may have missed and who do so in a way that is informative, not confrontational or belittling. Again, worst case scenario, I am out $220. Malboro and Verizon Wireless have gotten me for WAAAYYYYYY more than that, and I don't have a bunch of fake coins to remind me of the mistake.

I'm not sure it has all shaken out, but Amex refunded me the money. I have received the bars (they are steel), so I will have to do what needs to be done to honorably be able to keep the money. If I have to send them back, I will, but I hope it works out and I can keep them. If they pay for the return trip, I will send them back, if not, I will have a nice pie of fake product to remind me to be more circumspect in the future.