ACEF Warns of Hundred of Sites Selling Counterfeit Gold and Silver Coins

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The following is a Press Release from the Anti-Counterfeiting Education Foundation (ACEF) warning that there are potentially hundreds of sites now selling counterfeit gold and silver coins to unwitting collectors and investors. As the saying goes: If it is a deal too good to be true, it is likely not true. Looking to buy gold and silver, “Oliver,” an investor in Texas, responded to advertisements on Facebook from two companies that touted exceptionally low “introductory …

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ACEF Concerns Included in Federal Government’s Review of Notorious Markets for Counterfeiting & Piracy

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The following is a Press Release from the Anti-Counterfeiting Educational Foundation (ACEF) highlighting that the organizations concerns and documentation of counterfeit coins and counterfeiting processes have been highlighted in recent United States federal government reports. The federal agencies including statements from ACEF include the Office of the United States Trade Representative. The sale of counterfeit U.S. coins and precious metals on e-commerce platforms and third-party marketplaces continues to escalate and the number of victims proves …

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Three Numismatic Groups Admonish Facebook About Ads Offering Counterfeits

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Three major numismatic organizations that sent a letter to Facebook executives to complain that the social media platform “has become the predominant choice of some fraudsters” are disappointed with the lack of a response by Facebook and the continuing appearance of pop-up advertisements selling counterfeit coins. No response has been received in the month since the letter was sent. The Anti-Counterfeiting Educational Foundation (www.ACEFonline.org), Numismatic Guaranty Company (www.NGCcoin.com) and the Professional Numismatists Guild (www.PNGdealers.org) sent their …

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Anti-Counterfeiting Educational Foundation Gives Expert Assistance in Seizures of 40,000+ Fakes

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The following is a Press Release from the Anti-Counterfeiting Educational Foundation (ACEF) announcing that the organization helped law enforcement with the seizure of more than 40,000 fake coins. Representatives of the Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) and its Anti-Counterfeiting Task Force (ACTF) on the request of the Secret Service provided on-site numismatic expertise to federal law enforcement agents in the Los Angeles area who seized more than 40,000 fake Morgan and Peace dollars, American Eagle silver …

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ACEF Reports Silver Related Scams During Recent Bullion Rush

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The Anti-Counterfeiting Educational Foundation (ACEF) has released the following Press Release concerning recent scams found to attract buyers of counterfeit United States silver dollars. The rise in these scams has principally come from the steady rise of silver bullion in the market. February 11, 2021 — The recent panic buying of silver bullion has sparked a significant increase in fraudulent or misleading online advertising to lure unsuspecting retail buyers to purchase counterfeit United States silver dollars, …

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Anti-Counterfeiting Educational Foundation Helps Rid Marketplace of $1+ Million of Fakes in 2020

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The following is a Press Release from the Anti-Counterfeiting Educational Foundation (ACEF) announcing that it has helped collectors, dealers and the general public with the removal of over $1 million in counterfeit coins and precious metal items. (Temecula, California) December 10, 2020 – Funded only by donations, the nonprofit Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) worked with law enforcement agencies in 2020 to protect collectors, dealers and the general public by helping remove from the marketplace over …

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NGC Experts Join Anti-Counterfeiting Educational Foundation Team to Fight Fakes

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The following is a Press Release from the Anti-Counterfeiting Educational Foundation (ACEF) and Numismatic Guaranty Corporation (NGC) announcing that the experts at NGC have joined forces with the foundation to help fight counterfeit coins and bullion n the marketplace. (Temecula, California) December 7, 2020 – Authentication experts from Numismatic Guaranty Corporation® (www.NGCcoin.com) are now assisting the nonprofit Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) in the ongoing fight against rare coin and bullion-related fakes in the marketplace. “NGC is now …

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Attempt Made to Sell Fake $300,000 Gold Coin

1879 Fake Stella Gold Coin Obverse

The following is a Press Release from the Anti-Counterfeiting Educational Foundation (ACEF). It reports on an attempt to sell $400,000 in counterfeit coins including a fake 1879 Coiled Hair “Stella” gold coin valued at $300,000. The counterfeiter went as far as to have the fake gold coin in a counterfeit NGC holder with a fake label that had the same PR63 grade and certification number. Acting on a tip from the Anti-Counterfeiting Educational Foundation (www.ACEFonline.org), …

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Counterfeiting Battles Continued in May

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(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 …

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Counterfeits Gone Viral: Online Sales of Fake Gold and Silver Cost Public Millions

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The following is a Press Release from the Anti-Counterfeiting Educational Foundation (ACEF). It outlines how counterfeits have been on the rise since the COVID-19 (Coronavirus) pandemic broke out as investors looked to gold, silver, and other precious metals for financial stability. That, according to the ACEF, has created a “breeding ground” for the distribution of counterfeits, costing investors millions. The current enormous demand and limited supply of silver and gold bullion coins and other precious …

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