Fake gold and silver coins 'flooding' market

Section:

By Herb Weisbaum
NBC News, New York
Monday, June 13, 2016

In these uncertain economic times, you don't have to be a miser to consider putting some of your money into precious metals, and gold and silver coins are an easy way to do that.

But this increased demand for bullion coins -- like the American Eagle, South African Krugerrand, and Canadian Maple Leaf -- has created a golden opportunity for forgers.

Counterfeit coins are "flooding the market at an astonishing rate," and compromising the investments of collectors, according to the American Numismatic Association.

"It's a very serious problem and it's really scary," said Rod Gillis, ANA's education director. "With improved technology the fakes are getting better. It's gotten to the point where even people who deal with coins all the time may not be able to recognize a counterfeit coin right away." ...

... For the remainder of the report:

http://www.nbcnews.com/business/business-news/glitters-not-gold-fake-gol...



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