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Replies: 71 / Views: 7,813 |
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Pillar of the Community
Canada
519 Posts |
Edit: I swear I saw a listing with an image of the Mallard Ducks very similar to the linked site but I cannot find it. Regardless, these copies and others like them are definitely already circulating. The RCM and Canadian government definitely need to throw some real money at this fake money problem!
Edited by o-train 08/08/2013 10:47 pm
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Valued Member
Canada
430 Posts |
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Valued Member
Canada
430 Posts |
Edited by Coinsplus 08/08/2013 11:56 pm
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Pillar of the Community
Canada
1700 Posts |
It is good that someone has already contacted PCGS regarding this scandal. Although the United States of America has no right of enforcing their Hobby Protection Act in China, I discovered a Chinese Act with the literal translation of "Product Quality Act of the People's Republic of China". Link: http://news.xinhuanet.com/legal/200...t_700668.htmGoogle translate a part of it if you wish. When the Shanghainese office PCGS gets called into this matter, they will have an act protecting them in this case when they open it.
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Pillar of the Community
Canada
3234 Posts |
The Chinese government tolerate these exported fakes (watches, CD's and rare world coins etc.) because there are no real penalties for them.
Hit them with huge tariffs on everything and you'd think that they would put a stop to it.
Most of the world has set standards but at this point China does not abide by established world standards.
If they suddenly can't move their many regular exports, then they would quickly put a stop to the few cheaters in their country.
I'm surprised that these many fakes haven't been stopped yet...Who hasn't heard of the fake Rolex's for decades now.
On the world economy, it's probably being treated as "small peanuts" and not worth bothering over, but for us,..it's slaps us right in our face.....
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Pillar of the Community
Canada
5324 Posts |
Once again, its the mints of the world that have the political power to stop this counterfeit How many of us can afford a portable XRF to test an nclt or bullion coin or this example if they flood the market with 20 for 20 coins or the 100 for 100. Contact the national mints if this continues all our collections will become worthless. When you really think about it how can they make much profit at 3.00 each with free shipping, maybe a government sponsor product.
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Pillar of the Community
1844 Posts |
the answer to free shipping is simple..The Government pays for all shipping ... The seller simply mails the product and the Gov. pics up the tab... Its a great way to flood the market with your products. Dont forget at 3.00 a piece it likely costs them pennies to mass produce them, so a nice profit for sure.... Now if ebay would cancel all those types of listings it might help in the fight, with no market place to sell them to the masses , they might give up
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Rest in Peace
United States
10625 Posts |
There is no way to shut it down. The chinese government doesn't care about you or any one outside the government of china. All the fools on this planet that allowed the import of chinese products started something that can not be stopped in your lifetime, if at all.
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Pillar of the Community
Canada
519 Posts |
This kind of behaviour is endemic to China. If something can be faked or copied they have already done it or are working on how to do it. A friend of mine who grew up in India told me about how a group of local weavers were run out of business when the market was flooded with mass produced Chinese textiles. The hand-woven garments are very expensive so everyone started buying the much cheaper Chinese products produced in factories. The knock-offs appear basically identical and the people just wanted the look of the expensive clothing without the cost.
This has been going on a very long time and I think there is likely way too much money and politics involved for anything to change in the near future.
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Pillar of the Community
Canada
1700 Posts |
The main topic question is: how could we fight counterfeit certified coins? We are evidently going a bit too far from just self-protection as customers. If the chance of changing anything in the near future, why not just learn to identify fake coins and buy them raw? It is understandable that very valuable coins should come certified, but I believe that ebay has a protection plan that covers those counterfeit risks.
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Pillar of the Community
United Kingdom
2889 Posts |
ebay is certainly a big marketplace for coins - but the vast majority of those "valuable coins" will never go anywhere near it. Some of the big auction houses have been caught out with fakes before as well (I'm thinking mostly ancients here as that's the area I know best for fakes). They duck and dive but they will mostly acknowledge their error if cornered and reimburse the buyer if there error is proved. This is partly why the fees are so high for them.
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Pillar of the Community
 United States
1949 Posts |
I know a fellow collector who ordered a few from this website simply to become more knowledgeable and to examine some in hand- The coins came to his door registered mail- no customs issues at all. However, in hand, these coins are CLEAR fakes, even if there are no markings on them. The weights aren't even close, the metals aren't correct, and in hand, these things aren't even close. That being said, I can certainly see these things causing a huge problem on ebay, especially with poor pictures.
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Pillar of the Community
 Canada
1980 Posts |
i realize that most fakes can be identified by material weight craftsmanship etc.. but china is getting better , all they need to do is make the coins the right metal, weight, and identical features so it will be virtually impossible to detect (and I'm sure they are doing that now) and once these hit the market in full volume then we are in trouble, take the 1948 silver dollar,, mintage I think is 18,780 what happens when that number is now 6 million and no way to tell the fake from the real one,, do you think you can still sell yours for $1000?
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Pillar of the Community
Canada
1700 Posts |
Someone here who knows about metals could probably help me out on this:
several years ago, China started to produce fake gold bracelets with a metal very similiar to the quality of gold (likely not pyrite). I learned about this while watching news from Chinese Central Television, which also stated that the metal was so similiar to gold that it required a very expensive instrument to distiguish it from real gold (acid tests and such never worked).
This could have been a false memory (since I couldn't find sources related to this topic), but just for our knowledge, is there someone here that could relate to this metal?
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Pillar of the Community
 Canada
1980 Posts |
how do we link this thread to the american forum? maybe the more people that are aware of this problem the more we can do something
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Replies: 71 / Views: 7,813 |