Category Archives: Accredited Precious Metals Dealer

Fake Gold, Silver Coins on Hundreds of Websites: ACEF

Investigators discover more than 300 websites selling counterfeit “rare coins” and “precious metal” items, including some advertisers on Walmart.com   A Long Island, New York investor mistakenly thought he could make a quick profit of at least several hundred dollars on an online purchase of coins from a vendor he found advertising at www.Walmart.com. Instead, […]

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Fake Gold, Silver Coins on Hundreds of Websites: ACEF

Investigators discover more than 300 websites selling counterfeit “rare coins” and “precious metal” items, including some advertisers on Walmart.com   A Long Island, New York investor mistakenly thought he could make a quick profit of at least several hundred dollars on an online purchase of coins from a vendor he found advertising at www.Walmart.com. Instead, […]

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Fake Gold, Silver Coins on Hundreds of Websites: ACEF

Investigators discover more than 300 websites selling counterfeit “rare coins” and “precious metal” items, including some advertisers on Walmart.com   A Long Island, New York investor mistakenly thought he could make a quick profit of at least several hundred dollars on an online purchase of coins from a vendor he found advertising at www.Walmart.com. Instead, […]

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Gold Dealers Seeing New Buyers While Some Earlier Buyers Are Now Selling

“If you don’t know gold, you’d better know your gold dealer,” cautions the leader of the Accredited Precious Metals Dealer program of the Professional Numismatists Guild   Dealers who sell bullion gold and silver bullion coins report an increase in new customers who want to own precious metals. They also are seeing some earlier customers […]

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Counterfeiting Battles Continued in May: ACEF

Anti-Counterfeiting Educational Foundation is working with fraud victims and federal law enforcement agencies   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 (ACEF) busy during May 2020. “Among the cases we’re investigating is the sale of 10 fake […]

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Buyers and Sellers Taking Advantage of Gold, Silver Prices But Some Inventories Low

Accredited Precious Metals Dealers Urge Caution Against Market Scams   The recent jump in the price of gold due to stock market decreases and fear of the coronavirus has attracted new retail customers. The financial and public health concerns have also lured a return of many previous gold and silver bullion customers, but some inventories […]

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Counterfeit Precious Metals Websites Erupt With Volatility of Market

The March 24, 2020 consumer/investor advisory statement below is from Doug Davis, Director of the Anti-Counterfeiting Task Force of the non-profit Anti-Counterfeiting Educational Foundation (ACEF). Mr. Davis is a former Texas police chief. * * * The 11-year low in silver and the uncertainty of the economy during the COVID-19 crisis has triggered the rush […]

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PNG: Must-Know Tips to Avoid Gold Scams

Adding gold, silver or platinum bullion coins or ingots to an investment portfolio can be a smart choice, but knowing your seller can be a crucial choice, advises the Professional Numismatists Guild (PNG), a nonprofit organization of many of the country’s top rare coin and bullion coin experts. In recent months, law enforcement officials in […]

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Don’t Be Rushed In New Gold Rush, Veteran Bullion Dealers Caution

Investors wanting to enter the gold and silver markets or add to existing portfolios should be wary of potential counterfeits, plated “gold coins”, or overpaying for any purchases. This advice comes from the Accredited Precious Metals Dealers (APMD) division of the nonprofit Professional Numismatists Guild (PNG). “The new ‘Gold Rush’ of significantly higher prices this […]

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Gold Price Jump Increases Potential for Gold-Selling Scams, Experts Caution

With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer (APMD) program, a division of the nonprofit Professional Numismatists Guild (PNG). “Don’t make a […]

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Veteran Dealer: Gold’s Fundamentals Never Looked Better

“Gold is starting 2019 with increasing price support and growing demand. I believe gold will reach its next major resistance level of $1,300 very soon, and after a short period of time should break above,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (APMD), a division of the Professional […]

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Veteran Dealer: We Have Seen the 2018 Low for Gold

“The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets. We have seen the 2018 low for gold,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (APMD), a division of the Professional Numismatists Guild (PNG). The […]

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Professional Numismatists Guild Dealers See $1,460+ Gold at Year’s End

Gold is anticipated to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted between January 16-24, 2018 of some of the country’s leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (PNG). Members of the Guild’s […]

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PNG: Three Tips To Avoid Gold Scams

Following the recent fraud charges filed by the Commodity Futures Trading Commission (CFTC) against a California gold seller, a trade group composed of veteran precious metals experts is urging investors to take three important steps before making any purchases of gold, silver or platinum ​bullion ​coins or ingots. “To avoid paying too much when you […]

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Be Wary of So-Called “Trump Coins” Cautions Professional Numismatists Guild

  So-called “Trump coins” are being offered in the marketplace, and they may be delightful souvenirs, but in many cases should not be mistaken for “rare coins,” cautions the Professional Numismatists Guild. In some cases, the items being offered are not even actually coins despite how they’re advertised, according to the PNG. “Buyers today may […]

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PNG: Three Things to Know Before Buying or Selling Gold This Holiday

As holiday time gets closer, some people may want to sell their gold to get cash for purchasing gifts or may want to buy gold coins to give as gifts. Do your homework first, cautions the Professional Numismatists Guild (PNG). The PNG is a nonprofit organization founded in 1953 that’s composed today of the country’s […]

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Consumer Alert – Use Caution to Avoid Gold, Silver Counterfeits Advises Professional Numismatists Guild

Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace. Purchase only from reputable dealers, cautions the Professional Numismatists Guild (PNG). The PNG is a nonprofit organization composed of many of the country’s top numismatic experts. Counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion […]

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