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 Replies: 190 / Views: 24,700 |
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Pillar of the Community
Canada
1751 Posts |
Lately I've been coming across more and more imitations of RCM coins, yesterday under newly listed, I found a seller with both robins and 1st duck. These are silver clad and the seller,states they are not RCM coins. He has over 10 of each for $15 each. Sorry I don't know how to include listings in my posts. Then there's a seller from the states selling titanic fakes. This seller is midpointus and had titanic item number. 111163005723. It's easy for new people to get fooled thinking they are getting a deal. I know, it's taking me several months to pick out the fakes, thanks to the great education I get on this forum. After a year of collecting I still consider myself a newbie. I wondering how we can combat this growing problem? |
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Bedrock of the Community
Australia
21788 Posts |
The Chinese are doing some reasonably good fake proofs these days, and althouth the seller says they are not RCM coins, they MUST otherwise be fakes. They are often sold by the manufacturer's agent for quite a low price, and so an unscupulous buyer can pass them off as genuine coins in a subsequent sale. It is just a form of fake coin laundering. Since they are sold off in lots of 10 or more to make a profit on production, you can bet the only silver in them is in the plating. The easiest way to detect them is by weight, but you can't do that if they are still in the seller's hands. Ask the seller for a weight and no reply is the usual response. Common sense and gut feeling demands that you just ignore them. You can't stop those b*'s from manufacturing them, so the problem persists. Sadly, some of them are subsequently sold as genuine coins. |
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Pillar of the Community
 Canada
1751 Posts |
I thought ebay had a hard line policy on not allowing fakes to be sold on their site. I can see it can be very profitable to buy these coins at $3 and sell them at $ 15 a piece. It's a sad comment, when there's not much that can be done about it. These are even high end coins that are being copied. I used to think, it was the rare classics, being copied. Boy was I misinformed. |
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Bedrock of the Community
Australia
21788 Posts |
New product Chinese fakes don't necessarily have to enter the market via ebay, but I'll betcha a few DO escape in this way. I have been collecting ancient coins for about 30 years, and fakes have always been about. Examining and investigating every ancient coin of significant value for authenticity, is a VERY prudent habit to follow before purchase. It is to my great educational advantage that I maintain a 'black' collection of ancient coins. Stamp collectors meet with the same (sometimes severe) problems, when it comes to rare and valuable stamps. Fortunately for me I am not in that scene; I don't understand stamps. My stamp colletion is very small, and of little value. |
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Valued Member
Canada
90 Posts |
These "fake" coins are not coins, there is no face value on it, it may be legal to make it yourself.
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Pillar of the Community
Canada
814 Posts |
yeah iv seen these before I have reported them to RCM a while ago.... heres the links to the fakes They use RCM pic but they have pics of the fakes.....which look terrible *** Staff Edit - No need to advertise these. ***Edited by Solidifier
09/27/2013 06:51 am
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Valued Member
Canada
126 Posts |
Click on the link that solidifier just posted and scroll down to the pictures of how the company makes the coin... pretty much each picture is a sweat shop.
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Pillar of the Community
Canada
5324 Posts |
Take a closer look, they are exact copies in with dollar or cents on them, as I mentioned before only the RCM can start the process because they own the copyrights and are the harmed party. Also the RCM are the only ones with the political connections to curb this problem, they just don't care as long as we keep buying their coins. When the big influx of these fakes hit every flea market, our original coins will be bullion value. Contact the RCM, stop buying new coins and tell them to open their eyes on this issue. They did not produce these copies for sale in China? |
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Pillar of the Community
United States
1002 Posts |
This is a quote from the first link: "I sell these copied coins only want to make your collections more perfect."  |
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Valued Member
Canada
480 Posts |
How do they even make money? I didn't think the market was that big your min order is 100units and its only $2.XX a coin. Look at all the people they have to hire. They must be working for free. At least Nike sells their shoe's for $100-300.
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Pillar of the Community
Canada
2124 Posts |
What I found in the product's description:
"These commemorative coins are not solid silver but silver plated or clad. "
"I only sell replica coins for collections, none of the coins I sell are original. Please don't buy them as the original coins."
So ... the buyer knows what he's buying. From the buyer's point of view, I don't see a difference between buying these and buying for example a Hologram Superman coin at $250.
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Valued Member
Canada
330 Posts |
The bigger problem is the people buying these coins to resell. Yes this manufacturer/distributor is being upfront and when you buy from them, you know what you're buying.
The people buying this crap are the ones intending to resell as originals.
This is a pure ripoff and these folks are allowed to operate behind a communist government wall.
Unfortunately, there's no way to stop it........
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Pillar of the Community
Canada
1751 Posts |
It's very disheartening that people are reselling these fakes, and ruining the confidence of the consumer. The amount we pay the mint for over priced silver, they should try and educate people or try and curtail the selling of these fakes. In the end it will ultimately, have a negative impact on demand for their product. They could have an educational blurb on their site to inform people of this problem. They could even have a contact number for reporting sellers of fake RCM products. I've noticed a top rate seller is selling the fake ducks & robins. I'm wondering if the person is even aware, of the problems his product causes. He could be thinking an easy way to make money and people get an imitation for less money. When we look at grocery products, how many of them are knock offs of popular brand, even having packaging that closely resembles the real brand. As consumers we know that there are knock offs of famous brands, and choose accordingly. Until I joined this forum and was educated to the issue and implications, I didn't see anything wrong, with owning or selling copies. Especially if they weren't advertised as the original. Since I've been educated to the dangers, my attitude has completely changed. I'm finding this a great discussion! |
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Pillar of the Community
Canada
5324 Posts |
Sure there is a way to stop this, contact the RCM. Do you see knock off iphones openly on ebay, would apple ever allow this to happen. |
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Pillar of the Community
Canada
814 Posts |
I have contacted RCM a couple times about it.....no response... |
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Pillar of the Community
Canada
2124 Posts |
RCM web: I suspect that I have a counterfeit coin in my possession. Who can I contact? While the Royal Canadian Mint produces all circulation coins in Canada, as well as numismatic coins for purchase, any investigation into counterfeit currency must be initiated by the police. If you suspect you have a counterfeit coin in your possession, you should report it to your local police. The Royal Canadian Mounted Police (RCMP) have Regional Counterfeit Coordinators stationed across the country to assist the investigating agency. For more information on counterfeit coin detection, please visit the RCMP's website: http://counterfeitcoins.bc.rcmp.caThe Mint encourages customers to purchase numismatic coins only from reputable coin dealers. Please consult our comprehensive list here.
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Replies: 190 / Views: 24,700 |
Posted 09/27/2013 01:48 am
