Numiseye You say:
and CheetahCats says something similar:
Actually neither coin has COPY on them.
But in this case NEITHER COIN MUST BE MARKED.
The law is VERY explicit. No coin known to have been made BEFORE 1974 has to be marked! It is NOT a violation of Federal Law to own or sell a copy, counterfeit or replica of a DEMONETIZED coin that was IN the US before 1974 as long as NO FRAUD is involved. That is why I focus on the coins listed in Riddell's book. Since all examples from that book were known to have circulated in NEW ORLEANS before 1845 they meet the standard of the law. These coins were also DEMONETIZED in the US in 1857. So they are all PERFECTLY LEGAL as long as they are PROPERLY ATTRIBUTED.
Regarding the 1808 PTS 4R counterfeit, the coin is a 1960's variety MADE in the US. So even there - the coin is simply too old to require the word COPY.
The error made here by the two forum members is very common. It is in fact the same error that ebay operates under. People in general believe that the law requires that all counterfeit issues have the word COPY on them to be legal. That is just NOT TRUE.
Just imagine if this was in fact true - all known copies of the 1804 US dollar would require the word to be stamped on them. They are technically REPLICAS. They were not made in 1804 but in about 1834 and they were never officially monetized by Congress. So those coins which are worth millions of dollars are in the identical class as the 1808 Chile 4R in this case. The Federal law does not differentiate between WHO manufactures the REPLICA or WHY it was made - even the US Government would have to mark a replica.
But my real complaint against ebay stands - WHY terminate a COMPLETED auction? It was a done deal and the transaction will be concluded. Both buyer and seller are happy. So why terminate it after the fact?
By the way, I checked my photos and located three identical examples of the 1808 So 4R that sold on ebay in the past year. All were from sellers outside the US. Two came from Spain one from the UK. Importing any one of these copies IS ILLEGAL under current law. So if ebay actually believed in the LAW they should have PREVENTED US bidders on all three!
Quote:
The listing is not the problem. The problem is the coins do not have the word "COPY" or "REPLICA" stamped into the coin. Violation of Federal Law.
The listing is not the problem. The problem is the coins do not have the word "COPY" or "REPLICA" stamped into the coin. Violation of Federal Law.
and CheetahCats says something similar:
Quote:
I dont see anywhere on the Counterfeit specimen where it says COPY. Perhaps that is why.
I dont see anywhere on the Counterfeit specimen where it says COPY. Perhaps that is why.
Actually neither coin has COPY on them.
But in this case NEITHER COIN MUST BE MARKED.
The law is VERY explicit. No coin known to have been made BEFORE 1974 has to be marked! It is NOT a violation of Federal Law to own or sell a copy, counterfeit or replica of a DEMONETIZED coin that was IN the US before 1974 as long as NO FRAUD is involved. That is why I focus on the coins listed in Riddell's book. Since all examples from that book were known to have circulated in NEW ORLEANS before 1845 they meet the standard of the law. These coins were also DEMONETIZED in the US in 1857. So they are all PERFECTLY LEGAL as long as they are PROPERLY ATTRIBUTED.
Regarding the 1808 PTS 4R counterfeit, the coin is a 1960's variety MADE in the US. So even there - the coin is simply too old to require the word COPY.
The error made here by the two forum members is very common. It is in fact the same error that ebay operates under. People in general believe that the law requires that all counterfeit issues have the word COPY on them to be legal. That is just NOT TRUE.
Just imagine if this was in fact true - all known copies of the 1804 US dollar would require the word to be stamped on them. They are technically REPLICAS. They were not made in 1804 but in about 1834 and they were never officially monetized by Congress. So those coins which are worth millions of dollars are in the identical class as the 1808 Chile 4R in this case. The Federal law does not differentiate between WHO manufactures the REPLICA or WHY it was made - even the US Government would have to mark a replica.
But my real complaint against ebay stands - WHY terminate a COMPLETED auction? It was a done deal and the transaction will be concluded. Both buyer and seller are happy. So why terminate it after the fact?
By the way, I checked my photos and located three identical examples of the 1808 So 4R that sold on ebay in the past year. All were from sellers outside the US. Two came from Spain one from the UK. Importing any one of these copies IS ILLEGAL under current law. So if ebay actually believed in the LAW they should have PREVENTED US bidders on all three!























