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Replies: 20 / Views: 2,686 |
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Pillar of the Community
United States
3592 Posts |
I agree with Wein Fun...but on the upside, we are learning to detect counterfeits and learning much more about coins in general
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Pillar of the Community
United States
509 Posts |
Chadwick I think your intended purpose is laudable and has merit. I believe all of us share your exasperation and frustration but I don't think writing your Congressional rep would be an effective methodology. They have more than enough on their hands without concerning themselves with counterfeit coins from China. That's not even a bump in the road to them. They DO, however, listen to lobbyists and lobbyists listen to money. They are the ones who have the ear of our Representatives; not us. Just a thought.
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Moderator
 United States
23731 Posts |
I also agree with Wei Fun, Our government can afford to put the pressure on the Chinese to have them crack down on the counterfeiters.
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Valued Member
United States
100 Posts |
Writing and calling is pretty much a waste of time. However I doubt they have a form letter on file dealing with the issue of Chinese coin counterfeiters.
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Pillar of the Community
United States
4989 Posts |
We can certainly put more pressure on China. A fact often forgotten is that U.S. GDP is still 3x larger than that of China. They may pass us in 2050 but, for now, we're top dog by a great margin. And, historically, high growth economies like China tend to soar up for awhile and then crater in some crises. Many structural problems could unrail them. The U.S. is definitely in a position right now to pressure them on a wide range of issues.
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Pillar of the Community
United States
4897 Posts |
I totaly agree Fenton. Just think that they don't care abou Chinese counterfits right now. What with unemployment and three wars going on...a few thousand "coin nuts" getting scammed hardly seems like it would hit the radar...just an opinion.
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Pillar of the Community
United States
2589 Posts |
I think they should cut off chinese imports all together, but then again I have been called a dirty American imperialist before (my response was, "you bet I am"). -XoG
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Pillar of the Community
United States
4897 Posts |
That doesn't make you an Imperialist...more like a Nationalist....lol. Like the sentiment but it has never worked before in history. Gotta deal with them more atraightforward. Crazy Tariffs on their imports so we can't afford their crap (sic) anymore!
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Pillar of the Community
United States
2589 Posts |
Now that would be something, a tarrif on chinese replicas to make them more expensive than the real thing. I like the sound of that.
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Pillar of the Community
United States
4989 Posts |
Our national wealth also greatly exceeds China's (5x) and our dependency on them is a bit exaggerated. If we slap them with protective tariffs, 90% of the losses would be on their end not ours.
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Pillar of the Community
United States
687 Posts |
Protective tariffs don't work. Look up the Smoot--Hawley Tariff Act. Back to the topic: I think we'd better get used to good counterfeits, it's only a matter of time before the processes are good enough to fool not just the average collector, but the TPGs as well. Counterfeiting is an arms race, but one that I think we'll eventually lose. Add to that the fact the object being counterfeited is small, easy to mistake for an innocuous "common" object and ubiquitous I think even trying to catch importers is nearly impossible. We can't keep drugs, illegals, terrorists or killer bees out of the US, how can we keep counterfeit coins out? Disallow pocket change in border crossings or international shipping? It's not practical. Selling a known fake is fraud at a minimum. The best we can do is notify the authorities (or push on auction sites like ebay to do so) when a counterfeit is passed and hope that the laws we already have will be enforced.
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Pillar of the Community
United States
2589 Posts |
The Smoot--Hawley Tariff Act was a blanket tarrif on all imports during a time when we exported more than we imported, a targeted tarrif on the Red Chinese who we import more from than we export to has no similarities to Smoot Hawley at all.
Perhaps a solution to the counterfit problem would be for us to start counterfieting tons of yuan and shipping it over to china.
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Pillar of the Community
United States
4897 Posts |
XoG is right about Smoot. The term "Red" kinda bugs me though. A little too McCarthy for my (personal) taste. My point is education of the collector coupled with a tarrif on all chinese goods could help. Who's idea was it to give them "most favored nation" status anyway?
Also we need to stop being lazy...let's actually manufacture goods in the USA. That is what made us great in the first place....IMHO
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Pillar of the Community
United States
759 Posts |
From Martin Guitar country...sadly, they are counterfeiting those too.
On the coin side, the more I know about counterfeiting, the more I question my pursuit of this hobby.
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New Member
United States
5 Posts |
They problem is wide range, when it comes to China and counterfeiting. I may know squat when it comes to coins and currency. However they are hitting almost all markets of collectibles.
Hubby thought he was buying me a nice piece of amber, I got a nice looking piece of plastic. Good news, I have it on display in the open. After all if the dog chews it, nothing lost. ;-)
As to other stuff, I avoid "Made in China" when ever possible. I was so upset at Krogers, that I complained to their corporate office.... sorry but I want my Salmon from either the U.S. Canada or Chile. FYI, when buying frozen fish and seafood, you need to check the package. Over half of what our grocery store was carrying was from China!
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