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Another Scam Involving Fake Gold And Silver "Coins" - "Golden Eagles"

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Author Replies: 7 / Views: 405Next Topic  
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willieboyd2's Avatar
United States
494 Posts
 Posted 02/01/2025  7:17 pm Show Profile   Bookmark this topic Add willieboyd2 to your friends list Get a Link to this Message Number of Subscribers
This San Francisco television KGO Channel 7 news story includes a visit to a real legitimate San Francisco coin store.

Bay Area victim duped by AI-generated Trump gold investment scam
https://abc7news.com/post/bay-area-...cam/15852376

Promises to get rich quick have left some unsuspecting victims out thousands when they thought they'd be "Trump-made millionaires."

They were duped by what appears to be AI videos of the president talking about the Golden Eagles Project - a way to make money by purchasing and then trading in collectible patriot eagles.

The cost for one of the golden eagles is $59 and the trade-in value supposedly more than $100,000. One Pittsburg man thought he'd be a millionaire. Turns out, the golden eagle is worth less than it's weight.

A "Golden Eagle"


There were also fake videos of even Elon Musk.
"You can even visit any Tesla shop and trade your Trump gold eagles for a Tesla car or use them to invest in Tesla or SpaceX stocks," says the voice in another video.

(The reporter) took them to Witter Coins in San Francisco.
"It's scary, you hate to see it happen to people," said Seth Chandler, owner of Witter Coins.
Chandler had his doubts before we even tested the items.
"It's clearly just from feel not gold," said Chandler referring to the golden eagle.

And the silver coins?
"Feels more like nickel too," said Chandler.


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Edited by willieboyd2
02/01/2025 7:23 pm
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Hondo Boguss's Avatar
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15747 Posts
 Posted 02/01/2025  8:06 pm  Show Profile   Bookmark this reply Add Hondo Boguss to your friends list Get a Link to this Reply

Quote:
Which is why Skelton bought 324 of them.

Inordinately fascinated by bits of metal with strange markings and figures
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Spence's Avatar
United States
32709 Posts
 Posted 02/01/2025  8:10 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply


Here is a still pic from the video of the "silver" coins that are also numismatically worthless:


"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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DOCC's Avatar
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 Posted 02/01/2025  8:57 pm  Show Profile   Bookmark this reply Add DOCC to your friends list Get a Link to this Reply
Sorry to be blunt but I find it somewhat comical. "A fool and his money is soon parted"

Whomever believes $59 is going to be redeemable for $100k should lose the $59 - I have no problem with it.
I swing a metal detector and have a knack for finding dirty old coins.
Dirt coin restoration projects - https://www.prodetecting.com/restorations
Dirt coin restoration blog - https://www.prodetecting.com/blog/ccaw
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jbuck's Avatar
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Greasy Fingers's Avatar
United States
5858 Posts
 Posted 02/01/2025  9:39 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
I agree with DOCC.....lazy suckers...common sense is no longer common.
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United States
623 Posts
 Posted 02/02/2025  05:38 am  Show Profile   Bookmark this reply Add I6609 to your friends list Get a Link to this Reply
I could see a scam like this getting by someone who is elderly and is a big trump supporter. And maybe a little desperate in their own right. It's SAD every day they think of new ways to scam people.
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mrwhatisit's Avatar
United States
2805 Posts
 Posted 02/02/2025  5:22 pm  Show Profile   Bookmark this reply Add mrwhatisit to your friends list Get a Link to this Reply
Again, so sad to see these types of scams out there.

Good to see a shout-out to Seth Chandler of Witter Coins of whatnot fame, whom I have bought from before and I call him and his shop there to be reputable.
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