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Counterfeit or Original? APMEX Responds To Customer Concerns

3/04/2009 04:57:00 PM, Posted by APMEX, One Comment

Many of our customers have recently read or seen a news story about counterfeit gold coins and bullion being manufactured in China and coming into the United States. We have been following these events very closely for some time now. We want to reassure you that we are aware of this situation and have taken the appropriate measures to combat these fakes.

Counterfeit coins and precious metal items have been made and sold to unknowledgeable buyers for centuries. How can APMEX deter all counterfeiters and assure you, our valued customers, that you can rely on the integrity of the products that you receive from us? The answer is: KNOWLEDGE!

All of our numismatists have received and are continuing to receive intensive training in the grading and inspection of coins and precious metals. Additionally, we focus our training efforts not only on detecting counterfeits, but also on knowing how genuine coins and precious metal items look and what their specific characteristics (size, weight, color, etc.) are.

In addition to our continual in-house training, we make attendance at the annual training classes provided by the American Numismatic Association (See: Top of Page 6) a mandatory event for all of our numismatists. Most importantly, our staff of numismatists has many decades of experience in buying and selling all types of coins and precious metals. They are trained to spot counterfeit coins and counterfeit precious metals no matter how well they were made.

Make no mistake, we do take this situation very seriously! We are constantly improving even our best training methods.

Finally, we want to let you know how much we value our relationship with you. We thank you for the trust that you have placed in us !

One Comment

FSK @ March 28, 2009 at 11:50 AM

I have a question. Suppose I want to buy or sell silver/gold with my friends. How can I learn to detect counterfeit coins? How hard is it to acquire this skill?

Can you do a post on detecting counterfeit coins? I'm not so much concerned about coins bought directly from APMEX. I'm concerned about coins bought elsewhere.

If I buy, I want assurance that the coins are not counterfeit. If I sell, I want to be able to assure other people that the coins are not counterfeit.