Tag Archives: precious metal

How to Keep From being Ripped Off While Buying precious metals

precious metalThis morning I talked with my friend Blake who owns the Pacific Rim Gold & Silver LLC, a local coins shop.  We were talking about the various ways you can get ripped off while buying precious metal.

In a near by town in Northern California, several people were recently ripped off by an unscrupulous coin dealer.  There are currently a number of counterfeit coins made in China showing up on the west coast and on ebay.

The first rule is that the coins or bars should have the correct weight.  Precious metals such as gold and silver are normally sold by the troy ounce. …

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