I originally posted on the silver art bar thread but I also felt that it was important for me to post this as a separate thread. Most of you probably already know this but there are several lurkers on GIM that may not know this so I will post this again:
To avoid getting scammed on ebay, here are some types of bars to stay away from:
1. Any bar that is stamped "100 mills" on it. These are silver-plated.
2. Any bar that is stamped "clad" on it. These are silver plated.
3. Any bar with a reverse that is stamped "In Clad We Trust" on it.
4. Any bar with a reverse that is says "American Royal Mint" on it. These are stamped "15 grains". 480 grains silver = 31.1 grams of silver = 1 troy oz of silver.
5. Any bar that is stamped "German Silver" anywhere on it. This is not real silver.
6. Any 1-gram silver bars. Those are too small IMO and they are grossly overpriced on ebay.
The reason that I started this thread because I have seen many ebay buyers make the mistake of bidding on silver bars thinking that they are real 1-troy oz. .999 pure silver bars.
This following recently completed ebay auction is an example of an ebay buyer making this mistake:
This ebay seller grossly over-paid for this silver-plated art bar. See #4
Those above mentioned bars are NOT 1-troy oz .999 pure silver bars. These are silver-plated bars. If a person is looking for 1-troy oz. .999 pure silver bars of any kind, then they should avoid auctions that are selling silver-plated bars. If you stay away from those bars mentioned above, then you will be ok in my opinion when bidding (or buying as BIN) on ebay. DYODD.