Question about Silver..."Preppers?"Submitted by billybernardo on Mon, 03/04/2013 - 14:27
I just noticed that a few sellers on ebay have been selling bars of silver which they clearly describe as "Silver-plated" and notate that they are not pure silver.
HOWEVER, when I look at the pictures, the bars themselves will say "Pan am" or " Sunshine Minting" or whatever else and say "One Troy ounce, Pure Silver, .999" or whatever else.
Like I said, the sellers are pretty clear that they are plated but they could be used as "preppers" or as a decoy to the real silver.
TWO QUESTIONS....First, are these bars even legal?
Second, if they are sold, what is to stop the buyer from turning around and selling them as legit? If these are out there (and before ten minutes ago, I had hoped they wouldn't be) how can the average joe like myself figure out if the coin or bar I own is truly 100% (or 99.99%) silver?
Please advise. Thanks!