Buying products online have been the trend these past couple of years. And although most websites brag about their hassle-free, low-cost, and efficient transactions, there are some instances wherein your online-bought item is indeed, fake.
Collectors and investors alike for precious metals are searching the Internet for possible online dealers. And it has come to our attention that most negative reviews about receiving inauthentic products came from but one website.
Fake coins on Wish.com. You may have heard of the website before, perhaps bought a couple of items there already. And by the title alone, you might be intrigued and already looking at the product you have bought to check for its authenticity.
In this article, we will check for comments, reviews, and other important feedbacks regarding fake coins on Wish.com. If you wish to buy authentic coins from a trusted firm, click here.
Purchasing on Wish.com
Already searching the Internet for the best dealers for silver coins? Are you looking for coins that are of good or excellent quality but of the lowest of prices? Then look no further, shop at wish.com.
Or probably not. If you are an experienced buyer, you already have a knack, more or less, on these kind of things. But for those of you who are still considered as rookie, then please read this article.
Wish.com is somebody's go-to website if you want to look for designer goods, bullion products, and just about everything you can think of. They appeal to the masses because of their low prices.
But, do not be fooled by this low prices as they can get you jail time. Yes, you read it right, jail time. If you are an unsuspecting buyer and managed to use these fake coins, you might be in a lot of trouble.
As an example, an 18 oz. American Silver Eagle would be around $20-$25. Some websites sell it at $18, which is acceptable in order to attract buyers, but how about the same coin at $10 or even $5?
Truth of the matter is that most people would be blinded by these low prices without ever considering the possible consequences that these coins bring should they purchase it.
Or perhaps they already know that this kind of pricing is too-good-to-be-true for a silver coin yet they are willing to buy it for their own reasons, be it trading or re-selling it to some other people.
So why is this happening? Are there any miscommunications between the website, dealer, and distributor? Apparently not, because fake coins on Wish.com are allowed to be circulated.
Why Are Fake Coins Allowed On Wish.com?
Department of Homeland Security in the United States has made it very clear on what repercussions a seller or buyer will face if they are proven to sell and buy fake coins.
18 U.S. Code § 485 - Coins or bars
"Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents or any gold or silver bar coined or stamped at any mint or assay office of the United States, or in resemblance or similitude of any foreign gold or silver coin current in the United States or in actual use and circulation as money within the United States; or
Whoever passes, utters, publishes, sells, possesses, or brings into the United States any false, forged, or counterfeit coin or bar, knowing the same to be false, forged, or counterfeit, with intent to defraud any body politic or corporate, or any person, or attempts the commission of any offense described in this paragraph—
Shall be fined under this title or imprisoned not more than fifteen years, or both."
Fifteen years or more for selling and buying fake coins. It is not something most of us would want, specially those that have no idea that the coins they bought from Wish.com are fake.
Wish.com and whoever manufacturing those fake coins are tiptoeing the line here. Making copies of the real coins is a crime, but allowing replicas to be sold is a gray area, and is not punishable.
Although these replicas must be indicated with some form of mark, or must be created smaller or bigger than the authentic one, coins on Wish.com can be mistaken as the real thing because none of these protocols are followed even if it is a fake.
Fake coins on Wish.com are also sold on bundles to sketchy individuals and scammers that later on, tries to sell them on rookie investors or to anyone who they can easily manipulate.
Are Coins and Precious Metals Sold on Wish.com?
The answer is yes, they are indeed being sold. At a glance on your monitor, it may seem that they are the real ones, but upon arriving or using them, only then can you know that they are fake.
In their website, they have taglines that says '75% off retail' or 'deep discounts'. Truly captivating for those who wants to 'invest' in coins or any precious metals.
As a rookie silver coin buyer, you might think that you are getting the biggest bargain of your life. And yes, you are correct, you are exchanging 15 or more years for a measly coin that is not even real.
Of course, it is undeniable that some products on Wish.com are authentic and came from good-natured entrepreneurs, but base on many accounts, you must be wary on this online website.
Alternative To Wish.com
For those of you who are shopping at Wish.com for non coin-related products, there are some reputable websites with fantastic reviews on them. You might want to consider looking and buying from them.
As for those who wants to buy coins on Wish.com, a generous and affectionate suggestion for you would be to not to. Just do not buy any any coins from their online platform to be on the safe side.
It is good to be a risk-taker, as it has its own merits, but please don't risk a number of your years behind bars because of fake coins on Wish.com. Be careful in buying products from them.
In this ever-changing world of ours, some are exploiting the weakness and guileless attitude of others for their own benefit. They lie and use every deceitful act from their arsenal.
Fake coins on Wish.com is a very serious matter for those in the precious metals industry. Not only does this degrade the reputation of selling and buying coins, but it also indirectly hurt the good name of those who are honest in this activity.
If you wish to invest your hard-earned money, do it on a reputable firm or website. Never entrust your money and life to a website that has gotten a lot of negative reviews.
Furthermore, if you wish to become a buyer of authentic coins and precious metals, never buy from Wish.com.
The only safe way to buy precious metals is through a legit, trusted, and reputable bullion dealer such as the one that can be found here.
Being vigilant and careful while buying coins is the only way to secure your wealth and happiness without jeopardizing your freedom.