Pretty Upset With Colonial Acres Coins.

I can attest to Kirk's honesty, and desire to resolve situations, so I too am interested in jake's response.

Colonial Acres Coins, could you please address the replica issue?

Hello:

In regards to the statement about selling Counterfeit Coins. We here at Colonial Acres Do not knowingly sell Counterfeit coins with the intentions to profit from these sales. Upon discussing this topic with the RCMP over this in the past we were made aware that coins illegitimately created for the intentions of profiting from them and committing fraud are illegal to re-sell at any value even if properly attributed and being sold as a contemporary fake. (We see a lot of these leaking out of China and various countries where counterfeiting is not monitored by government officials as closely as our own here is Canada.)

I think the area that needs some clarification on this topic are the Replica's and Copy coins created with the intentions of being advertised and sold exactly as that. These coins are almost always made of copper and or silver and are never the correct weight these are also clearly stamped Copy and or Replica directly on the coin itself. (in a sense it has been defaced) We often see these being sold on Television, or on infomercials and are created by Subsidiary Mints or manufacturing firms here in North America. (Example: National Collectors Mint)
The coins we had were examples of Canadian coins that are extremely rare that most collectors or dealers will never be able to find or buy (Example: 1911 Silver dollar, 1890H 50-cent, 1870 No LCW 50-cent, 1921 5c & 50-cent ect..) These coins were struck from Copper and Silver plated with a Proof Finish and clearly Stamped "COPY" on them. They typically sold for $20-30ea, well below the Thousands to Millions of dollars that the real examples would normally sell for in today's market.

To the best of our knowledge with the conversation we had with the RCMP regarding the sale of these type of coins, our understanding from this conversation is that coins that have been properly stamped "copy" and or "Replica" are fine to sell.
Assuming nothing has changed since we had this discussion with the RCMP I would hope our understanding of this law is correct.
-Colonial Acres

P.S. I know ebay has their own tolerance's regarding these and I believe they have banned the sale of any type of Replica's and Copy's.

I for one can vouch for Colonial Acres. I have dealt with Kirk a bunch of times and he has been very honest and fair. There store front is small but and the place is always very busy. I assume they are moving to another location because there business is expanding and they have outgrown there current location. Keep up the good work guys and good luck with the new store.

A few years back Colonial Acres listed unmarked Chinese counterfeit coins on ebay.They did note that the coins were fake,but who knows where they would ultimately end up.I felt this was very irresponsible and have bought nothing from them since.

Anjohl - If you read through the remarks, it sounds as if the owner (or Kirk, who is related to the owner) did take this serious, spoke with employees, and reviewed the film footage. They claim that jake's version of events are completely wrong. I am sure that if anyone wants to review the footage, they would allow it, so I can't imagine they are making this up.

Coincollector - Once again, it's not just that they are taking some employees word for it. They have numerous cameras in the store that could easily determine if jake ever even returned. By the sounds of it, he never did. Also, he wasn't buying a really nice coin. He was buying a $6, $12, or $24 coin (depending on whose version you believe, and whether the discount was already included).

I think we can all agree that the employee wasn't the owner. Given that, what benefit would there be for the employee to mark up the prices after the fact? They have cameras everywhere, it's not as if he's going to be able to pocket the difference or anything. Even if he earns a commission, were talking about maybe $1.

With all due respect to jake, his story doesn't add up for me - even without CA chiming in.