This article was sent to me from one of the sites I subscribe to, thought some would like to know...' Lee Unser for Coin News, 2009. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Article, Book, Magazine, Video and Site Reviews, Coin or
Numismatic News.
Millions Lost From Counterfeit Coins, Hobby Leaders Warn
Posted: 12 Oct 2009 08:07 AM PDT
(Fallbrook, California) - Chinese-made counterfeit coins pose a significant financial threat to unsuspecting consumers, according to leaders of five of the country's most influential rare coin organizations. They warn the public is spending millions of dollars on fake U.S. coins offered in online auctions and elsewhere, such as flea markets and swap meets.
This counterfeit 1916-D Winged Liberty Head dime was sold online. Photo credit: Numismatic Guaranty Corporation.
In a jointly-issued consumer advisory (below) the groups caution the public not to purchase any so-called "replica" coins because they may be in violation of federal law. They also urge consumers to only purchase genuine rare coins from reputable, professional dealers or face the risk of losing money on copies that are illegal to re-sell.
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Read the rest of Millions Lost From Counterfeit Coins, Hobby Leaders Warn (685 words
Edited by Staff to remove YELLING 
of the bogus 1916-D 
Posted 10/16/2009 4:50 pm
