Counterfeiting Battles Continued in May

Donn Pearlman · May 27, 2020
Press Release Authentication Bullion

Anti-Counterfeiting Educational Foundation is working with fraud victims and federal law enforcement agencies





This counterfeit silver eagle has been cut in half to show the base metal in the center is not silver. Buyer beware!

(Fallbrook, California) May 26, 2020 – A fraudulent advertisement for bullion coins on Facebook, fake encapsulation holders and requests for expert help from federal agencies kept the nonprofit Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) busy during May 2020.

“Among the cases we’re investigating is the sale of ten fake one-ounce silver American Eagles. They were unsuspectingly purchased by someone who responded to an advertisement that popped up while he was checking his Facebook account. All ten coins he received in response to his order were counterfeit,” said Doug Davis, Director of the ACEF Anti-Counterfeiting Task Force.

"The victim provided us pictures showing one coin being cut in half to reveal it was composed of base metal, not silver. We have provided information about the seller and the potential manufacturer to the U.S. Treasury Office of Inspector General, Customs and Border Protection (CBP) and to the Secret Service,” explained Davis, a former Texas police chief.

Another case ACEF officials received in May involved counterfeit coins housed in fake Numismatic Guaranty Corporation (www.NGCcoin.com) and Professional Coin Grading Service (www.PCGS.com) encapsulation holders. The victim spent $8,000 responding to an offer made on Mercari, an e-commerce platform. ACEF contacted NGC and PCGS to verify the holders were not genuine, and the information has been provided to federal law enforcement.

ACEF, which operates solely on donations from the public, cautions that the number of websites offering counterfeits for sale continues to grow.

“Analysis indicates that many of the websites are staying operational for only a few days and then shutting down, making it difficult to trace. However, we have been able to determine they just turn around and open a new website under a different name. We have also been able to identify other third party platforms that are being used to distribute counterfeit coins,” said Davis.

“We have been requested by CBP to send a list of websites selling counterfeit coins and precious metals so their investigators can use this intelligence information to identify manufacturers and importers. CBP and Secret Service have several cases being worked in the Los Angeles/ Long Beach area, and volunteers from the ACEF Anti-Counterfeiting Task Force have provided expert assistance there,” he explained.


www.ACEFonline.org

ACEF volunteers also are providing expert help to Secret Service agents in San Francisco who are working on counterfeiting cases there and to CBP agents investigating seized numismatic fakes in the El Paso, Texas area.

“Remember, if you don’t know precious metals, you’d better know a reputable seller, such as experts affiliated with the Accredited Precious Metals Dealer program (www.APMDdealers.org),” said Davis.

Collectors, dealers and the general public are encouraged to report any counterfeits or counterfeit fraud activity by email to Davis at the Anti-Counterfeiting Educational Foundation at Doug@ACEFonline.org.

The efforts of the nonprofit Anti-Counterfeiting Educational Foundation and its Anti-Counterfeiting Task Force are supported entirely by donations. Monetary contributions may be made online at www.ACEFonline.org/donate or by check made out to ACEF and mailed to ACEF, 28441 Rancho California Rd., Ste. 106, Temecula, CA 92590. For additional information about donating, contact ACEF Executive Director Bob Brueggeman at info@ACEFonline.org.

Comments (2)

  • Donald Blair

    These sites are popping up like hot cakes. I am sure many people are sucked in. Comments on the site are deleted almost immediately. Th\ey adverise proof grade and then say certified uncirculated. Have you notified Facebook?

    Saturday, May 30, 2020 12:20 PM EST
    • John Feigenbaum

      Thank you for sharing!

      Saturday, May 30, 2020 7:19 PM EST
  • ROBERT HOUSTON

    I've received counterfeit silver dollars also. From a website off Facebook too. They were shipped from an address in China. Went back to that website address and it was not there any longer. So yes buyers beware.

    Saturday, May 30, 2020 11:34 AM EST
    • John Feigenbaum

      Buyers really have to be careful. If an offer is too good to be true, it probably is.

      Saturday, May 30, 2020 7:20 PM EST

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Donn Pearlman



A former award-winning Chicago broadcaster and journalist, Donn Pearlman is a public relations executive and recipient of the 2015 ANA Farran Zerbe Award and the 2018 Professional Numismatists Guild Lifetime Achievement Award.

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