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Beware Of Fakes!

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 19 / Views: 2,362Next Topic Page 2 of 2
Pillar of the Community
United States
1699 Posts
 Posted 08/07/2009  2:42 pm  Show Profile   Bookmark this reply Add ErrorCoins222 to your friends list
Ahh. Just looked at the ebay auction, it should be illegal to sell coins without the marks 'fake', even if the listing says it is fake in the auction.
Pillar of the Community
Spain
1361 Posts
 Posted 08/07/2009  2:47 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list

Quote:
Unfortunately there is no sure fire way to stop it.


When the buying Stops, the faking stops also.

But this is next to impossible.
Valued Member
United States
436 Posts
 Posted 08/07/2009  3:02 pm  Show Profile   Bookmark this reply Add hippiebrian to your friends list
Is it legal to sell a fake here in the U.S. without the word replica or some such on the coin? I know it's illegal to manufacture them, so if it isn't illegal to sell them, maybe we can get some pressure on the government through one of the numismatic clubs/agencies?

Just a thought.
Pillar of the Community
United States
2669 Posts
 Posted 08/07/2009  3:18 pm  Show Profile   Bookmark this reply Add xshift to your friends list
It is indeed illegal to sell a copy without it being so marked.

Hobby Protection Act
US Code > Title 15 > Chapter 48: Hobby Protection
2101. Marking requirements

(b) Coins and other numismatic items
The manufacture in the United States, or the importation into the United States, for introduction into or distribution in commerce of any imitation numismatic item which is not plainly and permanently marked "copy", is unlawful and is an unfair or deceptive act or practice in commerce under the Federal Trade Commission Act [15 U.S.C. 41 et seq.].

See: http://www.law.cornell.edu/uscode/15/ch48.html
Valued Member
United States
436 Posts
 Posted 08/07/2009  3:50 pm  Show Profile   Bookmark this reply Add hippiebrian to your friends list
Thanks! Think we should email this seller a link?
Valued Member
United States
436 Posts
 Posted 08/07/2009  4:00 pm  Show Profile   Bookmark this reply Add hippiebrian to your friends list
O.K., I couldn't resist...I sent him a link in the questions section and asked if he or she knew that this was an illegal sale...was that wrong>
Valued Member
Australia
126 Posts
 Posted 08/08/2009  01:49 am  Show Profile   Bookmark this reply Add lilaznkev1n to your friends list
I hate replica coins!
Bedrock of the Community
United States
20753 Posts
 Posted 08/11/2009  10:02 am  Show Profile   Bookmark this reply Add just carl to your friends list
We can pass all the laws we want about counterfeiting coins and currency but you have to find someone to inforce that in other countries and that is where those laws just fail. Try going to China and arresting someone for breaking one of our laws. Not a good idea. And now that they are also making the slabs with their faked coins, even more difficult to see what is what. Diplomatic attempts to stop the counterfeiting is also sort of a joke.
My suggestion is to go to our jails, find counterfeiters, pay them to make fake Chinese coins and currency, start to flood the China markets with them. The China government would catch on that we too can be nasty and possibly stop their counterfeiters. I've heard they have a lot of postage stamp collectors in China. So lets start making fakes of those too.
Do unto others as they would do to you.
Valued Member
United States
303 Posts
 Posted 08/11/2009  1:02 pm  Show Profile   Bookmark this reply Add hc8604 to your friends list
I think they covered their own coins. There are so many fakes of Chinese coins. Probably even their own current currency too..
Valued Member
United States
140 Posts
 Posted 08/12/2009  10:17 am  Show Profile   Bookmark this reply Add Dkillett to your friends list
Its this way in every hobby. There is always someone out to make a quick buck. It may take a while but what comes around goes around.

Karma is a very funny thing, as it always happens to people who think they are getting away with something.

The time will come when these crooks will pay for this, unfortunately many unsuspecting people will be taken for their hard earned money.

Very sad, but that's how it happens.
Pillar of the Community
United States
1055 Posts
 Posted 08/12/2009  10:48 am  Show Profile   Bookmark this reply Add cownas22 to your friends list
I suggest buying the fake coins and paying with those fake $100 (for movies only) bills! An eye for an eye!
Valued Member
United States
429 Posts
 Posted 08/14/2009  12:04 am  Show Profile   Bookmark this reply Add penny pincher to your friends list
There is no way to stop it, no matter how we change the currency there will always be someone to copy it. Paper money has been copied sense day one and there are actual presses in other countries to make US currency. Coins to slot machines have also been duplicated and getting the right look and feel is more of a personal challenge to some than the actual profit. Then there is always conspiracy reports about the mint and/or government(s) being involved with it.

No matter how you look at it there will always be fakes and the technology we all process can do a good job at it. Remember when they made the first changes to the current currency that some kid using just his printer and scanner was making passable fakes.

What scares me is how good they are getting and the fact they can fool most people. I was talking to a dealer a few months ago about the same thing and they were shocked on the quality being produced. He told me he had a client come in with one and wanted an estimate of what it was worth. He looked at it for a long time and could not figure out what was wrong with it but knew something was not right. After some time the client could not hold in his laughter anymore and started to laugh and finally told him it was a fake and what stood out on it. The item was so small that without a microscope or knowledge of what it was it could easily be passed on to someone else.
Valued Member
United States
436 Posts
 Posted 08/14/2009  04:33 am  Show Profile   Bookmark this reply Add hippiebrian to your friends list
I, with my newbie knowledge, will definatelly stay away from fee-pay, and don't think I'll purchase a coin worth over, say, 200 bucks without a trustworthy slab (one of the top 4). Seems like the only way to go these days.
Valued Member
United States
69 Posts
 Posted 08/14/2009  12:20 pm  Show Profile   Bookmark this reply Add gibby3 to your friends list
Does any one know the best way to detect these fakes, I have not seen one personally but I am guessing they are underweight.
Pillar of the Community
United States
3294 Posts
 Posted 08/14/2009  12:24 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list
Weight and density are good because most fakes are not correct on those.
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