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ANA Email: Counterfeit Information

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xshift's Avatar
United States
2669 Posts
 Posted 12/08/2008  8:46 pm Show Profile   Bookmark this topic Add xshift to your friends list Get a Link to this Message Number of Subscribers
Interesting stuff.. not sure how many of you are ANA subscribers, but I just got this email from them:
----------------------
Protect yourself from the dangers of counterfeit material

Dear ANA member,

New counterfeit operations have sprung up across the world, particularly in China, where relaxed laws protect these operations from liability. The counterfeiters use clever production methods and cutting-edge die-making technology, creating forgeries that are difficult for most collectors to detect. A wide variety of counterfeit objects are being produced, including U.S. and world coins, paper money, errors, and even slabs. With the assistance of unprincipled dealers and investors, this new material is flooding the market at an astonishing rate, compromising the investments of collectors and the integrity of honest dealers.

Below are some links that look at counterfeiting in greater detail, including an eye-opening article in Coin World exploring how new counterfeit material is produced and finds its way into the United States market. In addition, the ANA will be developing a comprehensive online resource guide, offering Counterfeit Detection courses at Summer Seminar and conventions, and creating an exhibit exploring modern counterfeiting.

An educated numismatic community is the best defense against this widespread problem; we encourage everyone who loves the hobby to increase their awareness.

Coin World Article: http://r.listpilot.net/c/money/3bybhtc/1nj0p

other links

ANA Consumer Awareness Page: http://r.listpilot.net/c/money/3bybhtc/13bhe

U.S. Mint Consumer Awareness Page: http://r.listpilot.net/c/money/3bybhtc/1nj1q

Department of the Treasury, Advanced Counterfeit Deterrence: http://r.listpilot.net/c/money/3bybhtc/1nj2r

Compilation of Articles on Counterfeiting (Robert Matthews): http://r.listpilot.net/c/money/3bybhtc/1nj3s
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KurtS's Avatar
United States
5318 Posts
 Posted 12/08/2008  9:04 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Very informative links...thanks for posting this!
Valued Member
roots's Avatar
67 Posts
 Posted 12/09/2008  04:19 am  Show Profile   Bookmark this reply Add roots to your friends list Get a Link to this Reply
Wonderful information. Everyone should read the story of the Chinese counterfeiter.
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trdhrdr007's Avatar
United States
2335 Posts
 Posted 12/09/2008  10:08 am  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list Get a Link to this Reply
This is some scary stuff. I hate to be a pessimist, but it's only a matter of time before they figure out how to get the planchets to exactly match the originals in weight & diameter.
Valued Member
PennehChaos's Avatar
United States
311 Posts
 Posted 12/09/2008  11:48 am  Show Profile   Bookmark this reply Add PennehChaos to your friends list Get a Link to this Reply
Not pessimistic at all, just realistic.
Honestly, I wouldn't be all that surprised if the person interviewed CAN produce exact replicas, and chose not to show those to the reporter.

Couple other thoughts:

Funny that he's concerned about the PCGS, but the US Government poses no threat. Guess the Treasury Dept. is too busy watching for fake $20 bills (by changing them so frequently that the average person has only a vague idea of what they're supposed to look like nowadays).

Another scary thing is how much skill is being bought so cheaply. Can you imagine what it would cost to produce fakes of that quality, in that volume, in the U.S. while paying the workers a living wage?
Rest in Peace
Gary Burke's Avatar
United States
3730 Posts
 Posted 12/17/2008  02:04 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
Good information!

Edited by Gary Burke
12/17/2008 02:04 am
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