Counterfeit gold and silver coins burning buyers


By John Matarese
WCPO-TV9, Cincinnati, Ohio
Friday, May 20, 2016

The price of gold is heading up again in 2016, as investors worry about the safety of the stock market. As a result, you may be noticing more radio commercials and online ads for gold coins.

But before you invest, coin experts are warning you to beware counterfeits that are flooding the market right now.

At Coins Plus -- a downtown Cincinnati landmark for 40 years -- owner Brad Karoleff now spends a lot of his time checking for counterfeits.

In one hand, he held up a 1-ounce U.S. eagle gold coin, worth over $1,000. In the other: an identical looking Chinese knockoff, worth maybe a dollar.

"Some off them are getting pretty good," Karoleff said. "They will fool the average person, and, worse, even some professionals have been fooled." ...

... For the remainder of the report:


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