Three Numismatic Groups Admonish Facebook About Ads Offering Counterfeits

ACEF logo

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 …

Continue Reading

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

ACEF logo

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 …

Continue Reading