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Replies: 20 / Views: 4,366 |
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Bedrock of the Community
United States
14454 Posts |
I am sure they are investigating the person who contacted them wanting to know where his shipment was. He may be in a world of trouble if they can prove he has done this before also (which I am betting this isn't the first time). It will take more money to get him out of trouble then he made off the sales of counterfeit coins if they can pin that on him and also contact some of his buyers, with them also taking charges out on him.
About it being mostly China, well just look how everything has moved to China to make products that were made here in the USA. They know how the real thing is made and they have the equipment to make it so they counterfeit the real deal. If it is made here in the USA they just buy one and reverse engineer it to see how its made, you have to admit they are a smart bunch over there
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Valued Member
United States
277 Posts |
Ya we have just as many unscrupulous people in the U.S. as the next country and possibly even more. The post should be labeled can you believe the lengthes someone will go to to make a buck.
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Pillar of the Community
United States
1150 Posts |
Since when have communists ever had morals?
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Bedrock of the Community
Australia
21788 Posts |
In this market, for the Chinese, the question of morals or shame does not arise. If you can copy it, and sell it for a profit, you do so. That's it. Nothing to do with morals.
The points that Sap makes are, of course, quite correct, but I think the Chinese couldn't care less.
Do I appear to be cynical? You bet!
It essential that you have to be, to avoid this type of fraud. We need the CCF to protect ourselves, by warning each other.
So who is importing these fakes into the American market? The Chinese? Americans? Or both?
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Pillar of the Community
United States
870 Posts |
The problem is, our country of 300 million a lot of money for coins, fake or not. A country of over a 1.5 billion has five times the number of good and bad people.
The most significant coin counterfeit artists have not all come from China, but the technology is readily available. The Chinese government is in no real way motivated to crack down - and I'm not saying that in a negative way, they just have their own issues. But, there ya have it.
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Bedrock of the Community
Australia
21788 Posts |
During the 1970's to the 1990's a huge number of fakes came out of the Middle East, particularly from Beirut, with concentration mainly on ancient coin forgery. Many excellent examples of forgeries of Greek staters of Philip 11 and Alexander the Great exist in good quality gold.
I keep scratching my head, figuring out why these two types turn up most often in almost 'as struck' condition. If you are going to buy either of these types, it is essential that you get them only from dealers who have the highest reputation, with a resident expert.
I suspect that a lot of them are still undetected.
They also started making fake British sovereigns with slightly more gold than the original ones, mainly for trade.
To stop this, the British Government replied by minting large numbers of sovereigns dated 1925, then started minting current dated sovereigns from 1957 to 1968, using the Gillick bust of Elizabeth 11.
If you can't beat 'em, join 'em!
Edited by sel_69l 04/23/2011 06:00 am
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Pillar of the Community
United States
594 Posts |
Quote: Since when have communists ever had morals?
They don't. They are the "enemy". China is not going to wage a war on the U.S., that might start WWIII. However, they can destroy our economy, with fakes and Walmarts. Go ahead and pick something up with a "made in" label. I'll bet ya it doesn't say "Made in the U.S.A.". It's getting harder and harder to find that label. I'm surprised the U.S. even allows trade with China. They have done a lot more damage to us via the Korean and Vietnam wars, and in backing the current North Korea, then Cuba ever has. As far as I'm concerned, nothing should be let into the country from China. They say that when you buy illegal drugs, that you are supporting terrorism. But what they don't tell you is everytime you buy something made in China, you are supporting communism. Sorry for ranting but you touched a sore spot. And my Mama taught me not to discuss politics. 
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Pillar of the Community
United States
594 Posts |
Quote: I am sure they are investigating the person who contacted them wanting to know where his shipment was. He may be in a world of trouble if they can prove he has done this before also (which I am betting this isn't the first time). It will take more money to get him out of trouble then he made off the sales of counterfeit coins if they can pin that on him and also contact some of his buyers, with them also taking charges out on him.
And if he/she works at a Chinese embassy, he/she has diplomatic immunity and can't be touched and will continue to do it.
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Valued Member
United States
271 Posts |
My brother came by from a journey across the US attempting to find gold. Along the way he funded his trip with his huge store of common date Morgan dollar. He did find gold, but very little. He said at a stop in AZ he was approach by a young hispanic boy offering to sell him silver coins. The kid wanted $20 each but eventually settled for 8 coins for $20. They were very nice looking Chinese Trade dollars. They looked right, they weighed right, they almost sounded right. But I was suspect as almost sounding right isn't right enough for me, I know the sound of silver. He took a propane torch to one and the silver peeled away very quickly. Fakes, of course. I carry one in my pocket now as a reference. Even showed it to a few pawn shops and they were all fooled until I told them otherwise. One guy was very upset when I shown him it was fake, he produced 10 he bought only a few weeks ago at $30 each that where identical, and also fake. The fakes are out there and anyone buying any silver coin needs to know how to spot them.
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Pillar of the Community
United States
594 Posts |
Interesting story Chad. Thanks for sharing it.
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Bedrock of the Community
United States
20753 Posts |
Quote: The point I'm making is its not the Germans, not the English, not the Russians, not the Italians, not the Japanese, not the Swedes etc. It's always the Chinese doing stuff like this. They are so used to watching what's selling, producing a "Knock-off", shipping and selling it, that they don't know when the lines has been crossed between aggressive business practices and a criminal operation.
Obviously your not getting around much. Try going to flea markets more and you will see faked items from all over the World. One so called importer/flea marketer told me his Korean Government actually hired him to sell their products here in the USA. MY favorite is batteries with names on them like Dinocell, Denocell, Durasell and so many others I really have no idea any more how to spell the real one. And for all anyone knows, the real ones are made in China. One coin dealer at a local flea market told me about once a month a guy with a Russian Accent roames around trying to sell counterfeit coins of ours made in Russia. Many of those are sold to the Chinese since they have it so easy to get items into our country. Mexico too makes all kinds of counterfeit items and is brought in accross the border almost daily. And now with almost 31 million illigals here and many with all kinds of faked items, no one really knows what is what anyway. And you really can't blame other countries since almost everything sold in our stores is from out of this country lately. Try to find a TV set, Radio, DVD player, Phone, Camera, etc that says Made in USA. Although your cars may be made here, about 75% of all the parts are from other countries. We USED to raise own counterfieters but I suspect out crime families have outsourced this type of work too.
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Pillar of the Community
United States
594 Posts |
Quote: Although your cars may be made here, about 75% of all the parts are from other countries. And the money from the sales of those cars goes back to the parent country, i.e. Japan, Korea, Germany..., and does not contribute to the American GNP, but to theirs.
Edited by KenRingold 04/24/2011 12:03 pm
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Valued Member
United States
426 Posts |
Quote: We USED to raise own counterfieters but I suspect out crime families have outsourced this type of work too. Yeah which reminds me of a historical fun fact: Back in the mid 1800's massive amounts of Cap & Ray 8 Reales were counterfeited here in the states and sent to China to pass as the originals for trade. Many of these "contemporary counterfeits" are now on ebay and some of the rarer ones even command larger premiums than the original. Kind of ironic that now the chinese are returning the favor and sending us their fakes. I wonder if anyone in the far off future will be collecting them.
Edited by RealPeso 04/24/2011 1:01 pm
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Bedrock of the Community
United States
17884 Posts |
True, but those cap and rays 8 reales were wanted for trade and the only features they needed were an identifiable design and good silver content. It didn't really matter where they were made, just that they were good silver.
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Valued Member
India
229 Posts |
sigh even indian coins are counterfeited in china
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