Another useful thread on the Kitco forums, and one which I hope continues for a while, discusses user experiences with fake coins - how they bought them, how they became suspicious, how they identified them as fake, what they did about it, and so on. Read the discussion thread here.

There seems to be two kinds of counterfeit gold coin sellers - those who are basically criminals, selling gold coins they know are fake, and those who are innocently selling a fake as a real coin, because they don't have the knowledge or experience with coins to know the difference. The latter are much more likely to give you a refund of course.

I had not been aware of the company selling "31mg pure 9999 gold clad" Buffalo coins - alloy coins with a thin gold plating. This is pretty nasty marketing, though in this case they are not pretending the gold coins are the real thing.

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