Comments on: ACEF Warns About Websites Selling Fake Coins https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/ CoinNews delivers the latest World and US coin news Wed, 06 Jul 2022 01:45:47 +0000 hourly 1 https://wordpress.org/?v=6.1.1 By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510766 Wed, 06 Jul 2022 01:45:47 +0000 https://www.coinnews.net/?p=90151#comment-510766 A fake is likely better quality and at a reasonable price while NGC and The US Mint charge us a 500% mark-up I know who the real criminals are here and it’s not the guy selling the alleged fake.

]]>
By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510756 Tue, 05 Jul 2022 21:03:40 +0000 https://www.coinnews.net/?p=90151#comment-510756 In reply to Daniel.

Wasn’t the Land Down Under the only one smart enough reject Paypal?

]]>
By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510723 Tue, 05 Jul 2022 05:16:51 +0000 https://www.coinnews.net/?p=90151#comment-510723 In reply to SENZA.

Good Catch

]]>
By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510674 Mon, 04 Jul 2022 23:13:10 +0000 https://www.coinnews.net/?p=90151#comment-510674 In reply to SENZA.

I can think of worse

]]>
By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510673 Mon, 04 Jul 2022 23:11:28 +0000 https://www.coinnews.net/?p=90151#comment-510673 In reply to SENZA.

Absolutely possibly too much info for our own good yet our curious minds have to know – we salute you for your dose of reality Rich

Does anyone think Angus put on a few pounds LOL https://www.youtube.com/watch?v=x7AYLQr2CLM

]]>
By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510672 Mon, 04 Jul 2022 23:04:42 +0000 https://www.coinnews.net/?p=90151#comment-510672 In reply to Rich.

Actually it would all make sense

]]>
By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510671 Mon, 04 Jul 2022 23:02:35 +0000 https://www.coinnews.net/?p=90151#comment-510671 In reply to Rich.

Your data has deepened the mystery

Holy Crap I just had this thought – what if they are all Chinese and Rolex doesn’t even exist – OR

]]>
By: SENZA https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510670 Mon, 04 Jul 2022 22:57:17 +0000 https://www.coinnews.net/?p=90151#comment-510670 In reply to SENZA.

.

]]>
By: Daniel https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510665 Mon, 04 Jul 2022 21:47:25 +0000 https://www.coinnews.net/?p=90151#comment-510665 I got done on a full set of CC Morgan’s on Australian eBay.
The price was good, but not incredible. Australian prices for Morgan’s aren’t that high, as we don’t have an American level of intrinsic value attached to them.

So this set was probably around $1,800 USD at the time (about 10-12 years ago).
They weren’t stunning condition, had fairly normal levels of toning/patina, and generally looked the part for the asking price. The price was high, so not cheap enough to set off alarms.

When they arrived, and the coin flap sheet had been hap-hazardly folded over itself and stapled together, I thought “this isn’t representative of the level of care a numismatic would treat this rare collection of coins.

They pass a magnet test, but I haven’t bothered really checking them out, as I’m so mad that I want to have a sliver of hope that they are genuine.

]]>
By: Rich https://www.coinnews.net/2022/07/01/acef-warns-about-websites-selling-fake-coins/comment-page-1/#comment-510621 Mon, 04 Jul 2022 04:02:13 +0000 https://www.coinnews.net/?p=90151#comment-510621 In reply to SENZA.

Allegedly…
According to estimates by the Swiss Customs Service, there are some 30 to 40 million counterfeit watches put into circulation each year. More than 40 million fake watches are made every year (compared with roughly 30 million Swiss watches). Of the fakes, around 75 percent are Rolexes (Oct 20, 2016). Most replicas are made in China and they typically sell between $25 to $200 and the quality has gotten increasingly better over the past years. The Rolex Datejust and Rolex Submariner are prime targets for these replicas.
For instance, a few months ago nearly 500 counterfeit Rolex watches were seized by U.S. Customs and Border Protection in two separate shipments within a 48-hour span in Indianapolis, after they decided to inspect the two shipments based on intelligence gathering which noted a history of fraudulent shipments from the vendor. There were 300 fake Rolexes in the first shipment, and 160 in the other, all of which, if real, would have been valued at an estimated $10.1 million. Both shipments were headed to a residence in Brooklyn.

]]>