7 Red Flags to Watch For When Buying Silver Bullion Coins on Flipkart

The 'Low Price' Ad Redirect: Be extremely wary of listings offering silver bullion coins at prices significantly below the current market spot price. Scammers may use these unbelievable deals to lure you to fake websites or to pressure you into making a quick purchase before you can verify authenticity. Genuine silver bullion is priced closely to its market value, and deals far below this are a major red flag.

Counterfeit Products: The sophistication of counterfeit silver bullion coins is increasing, making them harder to detect. Scammers may offer coins that appear legitimate in weight and appearance but are made of cheaper metals or are plated. Always verify the seller's reputation and consider using the 'Safe Trade Services' Basic Plan for smaller value transactions to ensure authenticity.

Fake Courier OTP Request: Never share One-Time Passwords (OTPs) with anyone claiming to be from a courier service or Flipkart. OTPs are meant for transaction verification on the platform itself. Sharing them can lead to unauthorized access to your accounts or fraudulent transactions.

The 'Order Verification' Phish: Be cautious of unsolicited calls or messages claiming to be from Flipkart customer support asking you to 'verify' your order details by providing personal or financial information. Legitimate platforms rarely request such sensitive information outside of their secure interface.

Incorrect Item Return Fraud: This scam involves a seller accepting a return but sending back a different, often less valuable, item. While Flipkart has return verification processes, it's essential to document your return meticulously and be aware of this possibility, especially with high-value items. For high-value silver bullion coins, consider using 'Safe Trade Services' Premium Plan, which includes enhanced verification for P2P transactions.

SuperCoin Account Takeover: While SuperCoins are a loyalty benefit, scammers may try to gain access to your account to steal these points or use them for fraudulent purchases. Ensure your Flipkart account has a strong, unique password and enable two-factor authentication if available. Be suspicious of any communications asking for your SuperCoin account details.

Refurbished Sold as New: Although less common for silver bullion coins, be aware that some sellers might attempt to pass off used or damaged items as new. For tangible goods like coins, this usually manifests as counterfeit or lower-quality versions being sold as genuine. Always check seller reviews and product descriptions carefully.