The latest counterfeit to infiltrate the collector market is a fake Proof 2015-W American Eagle silver dollar that appeared at a Florida coin show in February.
Reports have also surfaced of several other different Proof dates also appearing, with 2013 and 2014 pieces among them.
Examples are also reportedly being offered through online outlets.
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The counterfeits are offered housed in original U.S. Mint packaging with genuine government-issued certificates of authenticity.
The counterfeit 2015 coin was reported March 7 to Coin World by F. Michael “Skip” Fazzari, a numismatist with Independent Coin Graders in Tampa, Fla.
Fazzari said an unnamed coin dealer purchased a small group of what turned out to be counterfeit Proof American Eagle silver dollars at The Collectorama Coin & Currency Show Feb. 19 to 21 in Lakeland, Fla.
Fazzari said he was able to purchase an example of a counterfeit Proof 2015-W American Eagle silver dollar that a collector brought to the ICG table for examination at the Sarasota & Manatee Coin Club Show in Sarasota Feb. 26 to 28.
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So that he could examine the diagnostics, Fazzari said, he compensated the collector the $45 that was originally paid to acquire the coin from an eBay auction.
“The coins are good enough so that a dealer opening the box to make sure a coin was inside would see a blazing Proof,” Fazzari said. “However, a close naked-eye inspection by a bullion dealer would probably be enough to detect a scam,” he said.