Counterfeit Silver Bars Surface In Central Texas

MILAM COUNTY (March 11, 2014) Several counterfeit silver bars have been recovered in Milam County that authorities say are linked to a ring that’s operating throughout the state.

On Tuesday Milam County Sheriff David Greene said he’s looking for anyone who may have purchased what may be counterfeit silver bars from area residents or through such Internet sites as eBay.

Chief Deputy Chris White learned of a U.S. Secret Service investigation into the counterfeiting of silver dollars and bars while investigating the theft of firearms, Greene said.

The bars are labeled “Northwest Territorial Mint,” and also are marked “One Troy Ounce” and “.999 Fine Silver,” Greene said.

“The sheriff’s office believes more of these silver bars may have been sold or traded to local residents who are unaware they are not real,” Greene said in a press release Tuesday.

Authorities are asking residents who have recently purchased or traded for such silver to contact White at the sheriff’s office at (254) 697-7033.

Northwest Territorial Mint is a legitimate wholesale and retail precious metals dealer.

In a posting on its website, it said the counterfeit bars were produced in China and bear the names of several other prestigious mints, as well.

The counterfeit bars are typically thicker than real ones, the mint said.