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 Replies: 12 / Views: 1,595 |
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Pillar of the Community
United States
584 Posts |
http://www.ebay.com/itm/FANTASY-COI...t_500wt_1129IMO I don't like seeing things like this, It only brings more problems, Is it legal? Should it be reported? I understand the guy or woman probably has a family to support, but why not find a honest sector of coins. IDK could be just the stress. Thanks
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Valued Member
United States
134 Posts |
I saw a lady on ebay yesterday selling Ike silver dollars. See was getting around $25 for 2. She had great feedback from the buyers because the people buying them really think they are silver. I showed my wife an Ike the other day and asked her what it was and she a silver dollar. |
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Valued Member
United States
466 Posts |
I should start selling "silver ikes"
then use the money to buy real silver dollars.
When does it become the fault of the buyer and not the seller? I mean people are just plain old dumb. Research what you are buying!
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Pillar of the Community
United States
968 Posts |
I would report that. Those might be ok IF there is the word "Copy" stamped on them. The problem is we are only seeing the obverses, and I don't see it on them. If they do say copy on the reverse he needs to show it. Otherwise they are counterfeits whether he says they are replicas or not.
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Pillar of the Community
United States
2757 Posts |
legally, the question is: are they meant to copy legal US tender? If yes, then they need COPY. If no, they are legal and they don't even need COPY stamped on them.
totally a rip off, but I'm not sure it is illegal.
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Rest in Peace
United States
10625 Posts |
I've seen the large cents for sale on ebay in the past and they were stamped copy on the reverse. My problem is they are included under the large cent listing. They should be in the toy section or something.... |
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Pillar of the Community
United States
1302 Posts |
I've seen fantasy minted pieces like a 1964 Franklin half and a 1970 Peace dollar. I don't know what laws govern this kind of activity, but I'm very impressed by the information on the "slab". First off, how crappy does the minter have to be if only 2/5th of the coins minted and never meant for circulation don't make MS-66? That's pretty bad. |
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Bedrock of the Community
United States
20753 Posts |
At one coin show a dealer was selling 1856 Flying Eagle cents with COPY on the back. He really did OK and sold a lot of them. If someone made some of the other ones that are rediculous to find I think I'd buy the faked ones with COPY on them. Nice little Album Hole Fillers. I really don't see a problem with this. For a while a company was making copies of the old Ford T-Birds and selling them. People make copies of almost anything nowadays so why not impossible to find coins. Edited by just carl
10/20/2011 5:46 pm
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Bedrock of the Community
United States
10045 Posts |
And look at the fine print...what exactly is "sterling silver clad"...how much silver is that? All this junk that is being churned out...it's going to hurt the hobby. Someday, it will have to be all gathered into one big pile...and buried in a huge pit.  |
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Pillar of the Community
United States
3755 Posts |
mark, what year were those Ikes? You do know they WERE made in 40% silver from 71-76 right? So, they could well have been silver Ikes. And silver dollar is a generic term for most folks over the age of 35. I grew up calling them that. It was a carry over from when the dollars were all silver. I know there were like 40 years in between, but the term stuck. Put a link up to that listing so we can see what they are.
As for the OP. If those have copy stamped on them, perfectly legal.
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Bedrock of the Community
United States
17884 Posts |
Quote:
legally, the question is: are they meant to copy legal US tender? If yes, then they need COPY. If no, they are legal and they don't even need COPY stamped on them. The Hobby Protection Act requirement for COPY to be on the items is not limited to just those copies of legal tender coin age HPA Title 15 Chapter Sec 2101 (b) (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 The key point here is "What is an imitation numismatic item"? For that we check the definitions section of the act, Sec 2106 (3) and (4) (3) The term "original numismatic item" means anything which has been a part of a coinage or issue which has been used in exchange or has been used to commemorate a person or event. Such term includes coins, tokens, paper money, and commemorative medals. (4) The term "imitation numismatic item" means an item which purports to be, but in fact is not, an original numismatic item or which is a reproduction, copy, or counterfeit of an original numismatic item. So a copy of say a hard times token which was never legal tender would still have to be marked because it would be a copy of an original numismatic item. In my opinion Daniel Carr's 1964 Peace dollar, the 1964 Franklin half, and 1975 Ike dollar should have to be marked because they also fall under the definition of an imitation numismatic item "The term "imitation numismatic item" means an item which purports to be, but in fact is not, an original numismatic item" They purport to be,but in fact are not, a 1964-D Peace dollar, an 1964 Franklin half dollar, and a 1975 Ike dollar. |
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Valued Member
United States
58 Posts |
What I want to know is how they got it slabbed in an ACCGS case if it's a COPY?
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Moderator
 United States
189340 Posts |
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Replies: 12 / Views: 1,595 |
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Posted 10/20/2011 10:24 am
