Are you an investor and thinking of buying gold or silver coins on Wish? Are there fake coins on Wish.com or competitors just want to smear them? If you are new to Wish, I advise you to read this article carefully to avoid getting in trouble.
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Buying Off Of Wish
When buying silver coins for investment, most people are lured onto Wish.com’s platform by low-priced silver coins that appear to be real but are NOT. This is extremely dangerous and can not only make you lose your hard-earned money, you could end up serving a jail term as well.
The question you need to ask yourself is this: why do they sell at a fraction of the normal price? What kind of magic or sorcery are they using here? Imagine a $25 American Silver Eagle coin retailing at $10 or even $2?
Unfortunately, most people turn a blind eye to this huge red flag. It is well known that fake silver and gold coins exist on wish, and many people have been ripped off of their money. Some have even been prosecuted for buying counterfeit coins on the platform.
Now, let’s find out why Wish sells fake coins.
Why Wish Allows Fake Coins on their Platform
We’ve conducted extensive research to establish why Wish.com knowingly allow counterfeits on their platform. They continue to do this despite being aware that US laws do not allow forging and counterfeiting of bullion bars and coins. As a matter of fact the Department of Homeland Security has clearly stated that anybody who counterfeits coins or bars with the intention to defraud is liable to a fine or imprisonment.
Unfortunately, Wish.com continue to commit this crime unencumbered. We later discovered that they stock those fake coins and sell them to scammers who later resell them to unsuspecting investors on Ebay, Craiglist and AliExpress.
Are Gold and Silver IRAs Offered on Wish?
Wish.com does not offer Gold or Silver IRAs. You can learn about our top recommendation for Gold & Silver IRAs on this page.
Why It Is Illegal to Buy Fake Coins on Wish
And so, how is it illegal to buy silver coins on Wish yet they are the ones breaking the law?
Well, you might think that by buying fake coins from Wish.com you are not breaking any law, but the fact of the matter is that you are as liable as they are. The Department of Home Security is crystal clear on penalties associated with purchasing of counterfeit goods, and the state that purchasing of counterfeit goods supports criminal activities. Thus, by buying fake silver or gold coins from Wish, you are actually supporting their criminal activities and you are a criminal as well.
What Is the Better Alternative to Wish.com?
The safest way to purchase silver or gold bars and coins is through a reputable precious metals company. To learn the safest ways to invest in silver or gold, you need to request a copy of our Free Precious Metals Investing Guide Found Here. We’ll ship it to your door free of charge.
Are Coins On Wish Real?
While there might be a few real coins on Wish, it is evident that more than 90% of their stock comprises fake coins.
Fake Coins on Wish Summary
Fake coins on Wish is a matter of concern in the precious metals industry. And for you the investor, knowing to consequences of engaging with con artists on Wish.com will not only protect you from losing your hard-earned money, you will also avoid breaking the law and getting fined or jailed.
In summary, Wish.com, sells counterfeit silver coins and bars, while totally disregarding government laws and regulations. To be safe, you need to buy from a trusted precious metals dealer.