It's old news to most people, but those Chinese counterfeits are showing up in places other than eBay, and the popular press is starting to catch on. Here's an item from Saginaw, MI.
A rare-coin dealer is suspected of selling counterfeit coins at a collectibles show at the Antique Warehouse, 1122 Tittabawassee in Kochville Township, held on May 15, State Police Detective Sgt. Gary L. Thomas of the Bridgeport Post says.
“The person that purchased these started to think about how good a deal he got on some of these coins,” Thomas said. The buyer took the coins to an area coin dealer who “advised him that most likely they were counterfeit.”
Thomas said the coins did not weigh what they should have based on the type of metals used to mint the originals.
“Most of these coins appeared to have been circulated,” Thomas said. “They looked like they were of the correct era, but evidently these coins are being manufactured in China.”
Sight alone could not identify the coins as fakes, Thomas said.
He said the victim paid several thousand dollars for some of the coins, which if original, are valued at several hundred thousand dollars.
Thomas said no arrests have been made and the case may be turned over to the Secret Service because it involves U.S. Currency.
To read the complete article, see:
Rare coin dealer suspected of selling counterfeit coins in Kochville Township
Wayne Homren, Editor
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