A Long Island, New York, investor mistakenly thought he could make a quick profit on an online purchase of coins from a vendor he found advertising at www. Walmart.com. Instead, the unsuspecting buyer unhappily learned all 10 of the “American Silver Eagle” coins he received were fakes, according to the nonprofit Anti-Counterfeiting Educational Foundation (www. ACEFonline.org).
“The ACEF has notified Walmart and the Secret Service about the advertiser and he is under investigation. However, bad actors selling counterfeit rare coins and fake gold and silver bullion coins online frequently change company names and websites,” cautioned Doug Davis, ACEF anti-counterfeiting director.