Hi all.
I regularly watch an auction site for bullion and sports cards. Ive been watching in horror as people are bidding up "german silver" bars all the way to real silver spot.
Don't be fooled by scammers, "german silver" does not mean silver from Deutschland. It is nickel. And an ounce Troy is woth about 50 cents.
Now, having said that I have seen a lot of honest sellers with "this is not silver read description" in their title. But currently there is a bid on one of these that I expect to cross silver spot.
The term is anything but new, in fact it goes back to the 19th century.
Take care!
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This almost reminds me of the coins sold on the TV Shppper's Netwoek while they may be genuine but underwhelming in actual value and quality. You know, Buyer Beware.
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I know a person who bought all sorts of coins from TV. The hosts would say stuff like "this is better than gold" and "you know this will go up". And it would be a nicely packaged clad mint set.
Very sad to hear, I learned about German silver many many years ago!🙄
It makes you wonder why they would even call it Silver?😮
Its like calling Brass "Nordic gold". Its just trying to take from others. I first learned about German silver in high school, because rodeo buckles were sterling silver for the winners and German silver for the rest.
That’s interesting, so the Winner got the real precise metal, and everyone else just “costume” buckles!😇
Scammers, scammers everywhere. If it sounds too good to be true it almost always is!
The problem I have is the dishonesty. Some of the ads never clarify the difference.
Yep. It’s everywhere.
Caveat emptor!!!!
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