As the price of silver and gold has gone up the past few years, so too has the counterfeiting of rare and precious coins.
This story from two years ago, mentions that thousands of coins have been placed into the market by Chinese counterfeiting rings. These fake coins have also been put into counterfeit PCGS and NGC coin holders. Here's a video that's disturbing to most coin collectors.
These fake counterfeit morgan silver dollars were bought off of ebay.com for 3 dollars each. Look how authentic they seem to be.
One viewer on Youtube.com made the comment, "If it is silver then it would only be worth it content in silver. From what you shown in your video they look like good fakes, they even have wear marks and patina on it. I personally bought Morgans 3 years ago but only the common dates and never the CC or rare dates knowing that many of them out in the open market are counterfeit. As people are wising up and starting to buy more gold and silver coinage you will see more counterfeits hit the market. Thanks for showing us how to detect fakes!"
It's buyer beware out there, and really a shame.