It makes no difference if a counterfeit is sold as such or as real, either way it is a crime. Like I said in another post, I have seen a "crowd" change eBay policies based on volume of said "crowd". If you report a Gucci handbag as being fake, they will remove it within 12 hours, I know this from experience. But if we could get eBay to ban counterfeit coins, I'd say that would be a big blow to the market as it must be a main outlet stream for the 3rd party vendor.ĮBay has lots of policies. I agree that Alibaba will never be stopped, by us anyway. However, other bullion may well have design rights / copyrights / intellectual property that may be infringed, so could still end in a lawsuit for the counterfeiter. I think the majority of people on here would spot a fake using their preferred methods of testing, it's the general public that will struggle.Īs you quite rightly say, legal tender is illegal to counterfeit. Ryan, I disagree on some of your points to be honest. Sorry about the negative input but personally I think it'd be a losing battle unless copied legal tender is being sold as 100% real. I think it'd only be legal tender that is illegal to copy, I don't think there's anything illegal about copying bullion.Īlso places like alibaba and the Chinese places making these copies will never be stopped no matter how much you try, china has no copyright laws, they even make copied cars etc.ĮBay probably has it's own terms and conditions regarding replicas and as long as they're not broken then they're not going to stop anyone selling them because they're not going to lose out on money no matter how small an amount, they don't have to and they're not going to waste there time trying. I don't think anyone here would be able to tell the difference between a real one and a fake on a lot of these unless you had a real one to compare or unsealed it and done an acid test, although the sliding magnet test works perfectly, a lot of people aren't going to be able to tell though. On the other hand, if you look at the number scams going 'round (both in coins and stories), do your own due diligence is not an easy / short task, so keep bringing up the fake elements and blame the persons, is a way that gives more results than just blaming yourself. I didn't do my own due diligence, and one was a gamble. I have been stung on eBay with fakes twice, but I blame nobody but myself. In a perfect world, people would buy from trusted non-eBay sellers first until they knew what they were doing. If you don't, it's obvious you shouldn't be buying from eBay. Let's be honest, the majority of fakes are easily identifiable if you know what you are looking for. If I decide to buy a new car, I check everything out before I commit. If I have not bought from somebody before, I ensure I pay by regular PayPal so I am protected if the item is fake. There is PLENTY of advice out there, enough to stop people buying fakes. Whilst I sympathise with those who unknowingly buy these fakes, people should do their own diligence before they embark on buying precious metals. I have said it before and I'll say it again. Who will trust an eBayer in the future if the world is saturated in fakes ? Edited Apby Pete These coins will be flipped at some point I guess so killing the game for the stacking community in time. Just looking today at Australian silver coins for sale in the next 24 hours. I am quite prepared to telephone eBay and make a formal complaint as they don't seem to bother when such items are reported as replicas. My suggestion is to start compiling a list of these sellers of counterfeit coins and bars and when we deem appropriate we can bring this to the attention of the appropriate authorities. Has anyone bought one of these coins and compared to the genuine coin ? 999 silver etc and no-where is there a mark to state they are not the genuine article. These coins are perfect looking replicas and state one ounce fine silver or. Most are stating somewhere in their description that these coins are plated so technically not a problem to the buyers knowing this BUT. I am getting very frustrated by the increased number of sellers on eBay selling replicas.
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