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Beware of scammers posing as old coin buyers on social media


Scammers will offer a very high price for old coins, usually 10x the value. — Filepic

Scammers will offer a very high price for old coins, usually 10x the value. — Filepic

If you have a social media account like Instagram, chances are you would have been offered up to US$10,000 (RM41,400) for old notes and coins by collectors.

Does it sound too good to be true? The Royal Malaysia Police (PDRM) says it is and warns that you may end up losing your money as it could be another scam.

   

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