1ST COIN OF NEW SERIES ( "Lunar Skulls" )

1/7/2015
the project manager has informed us that minting is
estimated to be completed by the 24th of January
- new estimated shipping is for end of January or early February

A NEW SERIES IS COMING VERY SOON
1/7/2015
we have seen finished minted samples of the obverse in
silver & copper and are extremely pleased with the results
die production started for each unique reverse

 

Fake proofs are coming tomorrow at a 40% discount.



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from ModernCoint Mart Forum (Poster KPSan8819) :


UPDATE: Son Montuno filed the complaint with Aliexpress last night then after contacting the seller he has agreed to stop selling them.

"Basically, it took a few hours
of negotiation but I convinced him that it was in his best interest to remove"
KPSan8819, Today at 10:14 AM

 

...for now, and until more tentacles grow. Oh, and that seemed pretty simple. Why doesn't the PM do the same? I understand that they are saying 'plated,' but still, it looks similar in every way and has a $ attached to it.

 

As far as i understand, the Chinese are NOT obligated to stop manufacturing imitations/fakes nor is it illegal for them to sell these in China or over the WWW. Apparently, according to San Montuno, he convinced the seller to stop selling these but you are right in your caution....until this grows tentacles. The agreement is not a legally binding agreement and the seller could just as easily have his brother sell them and it would mean he is probably not breaking his agreement with San Montuno.

I definitely don't like the fact that imitations are being marketed in such a way that it is deceptive and the imitations could easily be mistaken as the real original product. But as it stands now, there's little to nothing that can be done legally to prevent these imitations from being produced and sold. As a community, we can all remind each other (as we are doing in threads like this) to be aware that well made fakes are being produced and sold.

Every time I read a thread like this I am reminded of how valuable certain technologies are, like the Sigma's Precious Metals Verifier: http://www.sigmametalytics.com/



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Yeah, but that thing is no good on a real silver coin...so instead of there only being 500 out there...these fakes, with REAL SILVER (spot is so low!!), could make it 1000 or 10,000....that would suck. And if they are fetching 200-300, why not use the real stuff???

 

Why don't *all* the larger mints do the same?

How much, if any, are each working with their country's respective agencies in charge of combatting counterfeit currency (the Secret Service, in the US's case, for example)?


Sure, it's a game of whack-a-mole, and there is the whole international border "issue." But it shouldn't only be an end-consumer / buyer-beware type thing. There's a whole chain, from the producers, the 1st-line sellers, the intermediaries such as eBay, etc.

Agencies should be going after each & every point along that continuum.

I could be wrong, but it doesn't seem like they are all that much.

 

As far as I understand, real, solid silver fakes are only being made for rare coins, not modern coins like the Lunar Skulls. I think it's too costly to make a truly convincing, well produced imitation from solid .999 silver and make a good profit if the going price is below a certain level. With the rare numismatics imitations that are being made from solid precious metal, the value of the genuine real coins that the fakes are being made to resemble, are in the hundreds or thousands of $$ range and so the time, energy, resources, and money used to make a solid precious metal imitation is worth it. I doubt we have to worry at all that solid precious metals fakes of common, ordinary American Eagle's or other modern low premium coins are being produced....it just wouldn't pay for them to do this.




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:lol:

 

SM jacked the BU's up to $85 USD..

http://www.ebay.com/itm/381060463953

 

^ I think that was expected. My guess is that the BU's will get sold out too especially after the first of the shipments go out and some people start conversing about the BU's and what will probably be a high quality silver BU coin.

I should check to see if First Coin Co still has the BU's for the lower price.




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Leap-frogged SM -- $89.90 USD


The secondary dealers, at least on eBay, have yet to follow suit..

 

looks like my price for 225.00 is a good one so far.) Let's see what happens once the coin is released. Pop or fiz. To da moon or down the stairs? tic, toc...time will tell. All I know, is I have 2, and they were 'free.' hehehe. I wish I bought 10 (could have too), and sold 5. Oh well...I'm now doing the coulda, shoulda, woulda, all over myself.

 

Perhaps we can learn a lesson from this coin release. SilverStackers may be the barometer for new coin releases....in other words, If it's hot on SS and if you are looking for coins to flip quickly, then you'll have a good idea which one's to buy just by taking notice of which ones are getting lots of traction here.




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looks like my 225.00 is in line with the most recent sale 222.00. Sounds about right. That 500.00 purchase price was funny business on the part of some folks...and won't mention names. I think prices level off around here...and go lower? Who knows. Time will tell. But, but, of course, if this was SM's listing, he's certainly get 500.00 afterall, its SM's product. What pure and utter B.S.

http://www.ebay.com/itm/231445616391?_trksid=p2060778.m1438.l2649&ssPageName=STRK:MEBIDX:IT

 

He has better rating than you.

 

Funny, this isn't me. LOL.

 

Ah, then I noticed it's same seller.:/

Few months ago I needed to sell few Stock Horses. Difference between lowest and highest price was almost 300%.

Right time, right place.
And right golden cow.^^

 

The Lunar Skull proofs are no different.

Per sold eBay listings, they've ranged anywhere from approx $200-$350 USD.


That first $590 or whatever was a fluke & an outlier.

Reserving judgement for whatever happened there. And if the buyer was legit, I feel a bit sorry for them. Same goes for any 2nd-Chance buyers in that auction.

Then again, nobody forced them to enter that amount..

 

I have a sneaking suspicion that the 'them' being forced was someone aligned with SM to create an illusion...I know, I have no proof, just a hunch.