China using the silver spike to supply fake coins to US consumers
China has entered into a new cottage industry as the world's silver price has skyrocketed. That industry is the creation and distribution of counterfeit coins that look just like the authentic metals, but are actually made of cheap imitation material.
Doctor: Be Cautious of Candy Made in China
The chocolate coins aren't sold in the U.S., and the Food and Drug Administration ... "I would certainly use judicious caution in buying packages that say made in China this year," said Robinson. Because of the melamine contamination in China, the FDA ...
Counterfeit Coins Cost Consumers Millions
Consumers are spending millions buying what they believe are rare coins, but they're getting near-worthless Chinese-made counterfeits. More than a million counterfeit coins manufactured in China have been fraudulently sold in the U.S., according to Coin ...
US Mint's Precious Metal Bullion Sales Slips
However, the largest market for gold is China, closely followed by India. When the West buys physical gold, it buys government-made bullion coins because they want the government guarantee of content and quality and are willing to pay the cost of ...
What are Proof Coins Anyway?
Business strike coins are those made by the mint for general circulation. Proof coins are the numismatic delicacies struck for collectors each year. In general, business strike coins are frosty in appearance and coins struck as proof display mirror surfaces.