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CHINESE DEALER IN FAKE COINS SENTENCED TO JAIL
Bill Snyder forwarded this article with a new development in the tale of Chinese fake coin factories.A fake ancient coin dealer was sentenced to three years in jail and fined at a Nanjing court days earlier, causing an uproar in the collections society of whether the cultural relics market should observe the modern business norm of credit.
According to a report in the Market News, the Nanjing citizen surnamed Qin, sold 110 counterfeit ancient coins at 400 yuan each, claiming they were unearthed from a construction site. Qin pleaded not guilty of deceit, as there's an unspoken rule in trading antiques that it is the buyer's responsibility to determine the authenticity of the pieces.
An industry insider says it isn't deception to sell fake articles or deny returned goods on the collection market. People in this domain rely on their knowledge and experience to sort out masterpieces, and enjoy evaluating and differentiating antique articles, a shopkeeper at Nanjing Ancient Relics Market said.
Experts estimate as many as half of antiques dealers would face jail terms in China if the country punishes them using current laws for common businesses, and more astonishingly, Professor Yang Jingrong, a pottery expert at the Forbidden City, said during an interview with the Beijing Morning News that 95 percent of all articles on the antiques market were fakes.
To read the complete article, see: Should fake antique dealers be punished? (http://www.chinadaily.com.cn/china/2007-02/27/content_814924.htm)
Wayne Homren, Editor
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