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 Replies: 38 / Views: 5,903 |
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Pillar of the Community
United States
2120 Posts |
Quote:
Counterfeit Coins Are Popping Up At an Alarming Rate As Silver Prices Rise We All Need To Be On Guard ! SOUND THE ALERT!  Quote:
you might be able to scare the seller into giving you a refund by threatening to contact the secret service I would do it anyway. Say, I believe these are counterfeit, I want my money back, or I will alert the authorities. |
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New Member
 United States
7 Posts |
Okay, I am back from the coin shop and Yes, they are fakes.
I only took four in to them. I was to embarrassed ...
Well live and learn, right!
I do want to thank you each for your time and wisdom. I now have 204 souvenirs!...
May be I will stick magnets on the back and use them on my refrigerator.. eh, maybe not...
Thats what I get for being greedy lol...
Once again , Thank you!
Good Day!
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Pillar of the Community
United States
1116 Posts |
i am sorry to hear about this lily
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Pillar of the Community
United States
3098 Posts |
There is something in the law that prohibits knowingly selling/passing off counterfeits. Now whether that extends to foreign currency, that is the question. I would personally try to get a refund for all of them. He is breaking the law, because he never indicated those were copies or replicas.
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Valued Member
United States
300 Posts |
If they had been genuine, some of the larger ones you displayed would've been worth probably about $10-$11 a piece
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Pillar of the Community
United States
2661 Posts |
Quote:Unfortunately because they are Mexican coins I don't think any US laws were broken. If those were counterfeits of US coins you might be able to scare the seller into giving you a refund by threatening to contact the secret service. You may be protected by State Law. I know that in North Carolina it is illegal to sell fakes, copies, and/or reproductions of any numismatic articles (coins) if they are not identified as such. The state you live in may have the same or similar laws which may entitle you to a full refund of your money and the offending articles might have to turned in to the proper authorities. |
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Valued Member
United States
323 Posts |
even if they are counterfit, isn't there a chance they have silver in them? That would still give the silver bullion value right?
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Bedrock of the Community
United States
10982 Posts |
Quote:
There is something in the law that prohibits knowingly selling/passing off counterfeits. That would be "The Hobby Protection Act" and it applies to any numismatic item sold in the U.S. regardless of origin. It is difficult to enforce however and for $200 you'd be better of contacting the seller and asking for a refund. |
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Moderator
 United States
15432 Posts |
I've read the entire thread lily and am sorry for you how it turned out.
Seems like you have a good spirit about it despite the obvious disappointment.
Do try and contact the seller .... perhaps you can at least gain back some of your money.
Lesson for all of us ..... in this hobby knowledge is the key to success.
David
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Moderator
 United States
6563 Posts |
Quote:
I now have 204 souvenirs If we started a thread called "Post Your Worst Coin Buying Mistake" then it'd be a Long one  There are collectors of counterfeits so you might be able to sell them as such. Defiantly try and get your money back from the seller first. But if you can't then test the waters on ebay or on here once you meet the necessary requirements. Quote:
even if they are counterfit, isn't there a chance they have silver in them? That would still give the silver bullion value right? If there was silver it'd be plated and they don't look it. Some high end counterfeiters do make silver coins to fool the specific gravity and magnet tests but they are of much higher quality and you might even have some right now  |
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Bedrock of the Community
United States
20753 Posts |
I wouldn't be to sorry just yet. Just because one dealer said fakes to a few of them means not to much. He may be correct but like a medical problem, you should try for a second opinion. That dealer could have been trying to set you up to resell them to him for half what you paid. Of course he may be correct. If all coins are Mexican or other, I would spend a little time trying to find out exactly what I have and not just start feeling sorry. And even if they turned out to be Silver, so called Silver spot values means little. If you go to a jewler and try to buy just Silver, that is what they would charge you. If you tried to sell Silver to anyone, mostly they would give you much less since they too want to make a profit. And at a flea market you just never know. One seller at a flea market I go to had large bins full of coins for $1 each but if you purchased numerous ones, his prices would drop. Going through them I found many Mercury dimes in really decent shape and a few of the dates shocked me. A few 26S's, a 21, a 21D, and the 42/41. Many others in really nice shape too. You never know at a flea market. |
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Pillar of the Community
United States
1523 Posts |
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Bedrock of the Community
United States
17884 Posts |
From what I see they are all fakes. Quote:Unfortunately because they are Mexican coins I don't think any US laws were broken. If those were counterfeits of US coins you might be able to scare the seller into giving you a refund by threatening to contact the secret service. The Hobby Protection Act makes it illegal to sell unmarked copies doesn't matter if they are US or Foreign. And the anti counterfeiting laws apply to the production of US or foreign coins and currency. If they were made in this country US law was broken, and the sale broke other US law. |
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Pillar of the Community
United States
1801 Posts |
I fear they are all fakes. The 1872 Peso you posted even says "copy" right on the coin in the photobucket picture. All of these coins are common fakes showing up in all the swap meets and flea markets, there are even people going door to door out here in CA in the downtown area trying to sell these "to raise money for gas to get back home" or some other such nonsense. There will be no silver in the coins. I would go back to the swap meet and if the seller is there again complain to the people running the meet that he cheated you and sold you counterfeit coins and threaten to call the police and press charges. Most swap meets don't want problems like that. By the way, the hobby protection act of 1973 makes it illegal to sell fake numismatic items that are not marked "copy" and I do not believe it applies only to fake US coins. http://www.coinlink.com/Resources/c...tection-act/If there are any legal scholars out there that know different, please post. |
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Valued Member
United States
322 Posts |
Wait, jfransch, if you said you saw "copy" stamped on the coin, the seller is not doing anything wrong! He did not break law at all! He is selling fake coin and somehow declare it. To me, he didn't do anything wrong, even if I didn't agree with what he is doing. Look at US Cheap Coins in this forum. You will see fake coins on ebay on top of the list right away. |
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Replies: 38 / Views: 5,903 |
First Page
Posted 05/17/2010 4:50 pm
