Counterfeit coin from e-bay

coolest

If you purchased a counterfeit coin from e-bay do you think we should be required to return the coin to the seller/counterfeiter to get a refund?

rec78

I dont know how you could demand a refund if you did not return it.

sinin1

yes, do you think you should be able to just keep it - and the seller should trust you that it is counterfeit? Not all sellers know a coin is counterfeit and not all buyers are correct in their assessment in the coin being counterfeit

MsMorrisine

as a counterfeit without "copy" on it, what would the law and courts say needs to be done with it?

ambro51

Heres an attempt to answer your question

from the ANACS website




At ANACS, any coin that we believe may be counterfeit or altered may be returned to the customer with a note calling the piece “Questionable Authenticity.” This would mean we are not absolutely certain the coin is a counterfeit, but we believe it is. Before we ever say a coin is absolutely counterfeit or altered, we send it to renowned experts who offer their opinion.

If we are absolutely certain that a the coin is a counterfeit or an alteration, pursuant to federal law and in accordance with our legal obligations we are required to turn the piece over to the U.S Secret Service. The Secret Service’s standard procedure is to contact the current owner and the previous owner and have the previous owner return the purchase price to the buyer. The Secret Service’s ultimate goal is to trace the coin back to the original perpetrator.

rgCoinGuy

<< <i>If you purchased a counterfeit coin from e-bay do you think we should be required to return the coin to the seller/counterfeiter to get a refund? >>



Yes. The other side of the coin is who made the buyer the supreme authority on counterfeits? If I buy a coin and claim its counterfeit, I just get to say so and keep it and get my money back?

mrpotatoheadd

<< <i>If you purchased a counterfeit coin from e-bay do you think we should be required to return the coin to the seller/counterfeiter to get a refund? >>

If you sold a coin on eBay and the buyer said it was counterfeit, do you think the buyer should have to return the coin to you in order to get a refund?

ambro51

Well....I just went though that as we all know. Bought a fake, had it inspected by anacs and adjudged as what one would commonly call a counterfeit...retuned it to the seller with said paperwork...and then seen it back up on ebay.

The process SHOULD have went according to what ANACS wrote, but in the strictest sense it did NOT. The secret service has far better things to do than to trapse across the country chasing down people who sell old counterfeit coins ebay.

There are no clear paths on how to resolve it completely, just do as I done and if you return a counterfeit.....keep good watch that it dosent reappear. If it DOES, use everything in your power to have it removed again.

19Lyds

As far as counterfeit money goes, I know from first hand experience that if you happen to receive a counterfeit bill as change from some unobservant retail employee, you do not get any "refund" when someone DOES notice that its counterfeit. The bill simply gets confiscated and you lose whatever its monetary value might have been. I see no difference with coins since counterfeit coins have absolutely no monetary value.

I have purchased two counterfeit 1971-S IKE Dollars off of eBay and when notified, both sellers offered a full refund (Including shipping) for the return of the coins. BUT, since I'm a collector, I chose to keep them both.

Future counterfeits will be returned though since these only have value to those that want them AS counterfeits. Technically, the coins could be confiscated by any law enforcement or government official, at anytime, with no financial return.

Unless the buyer is actually in the market for a counterfeit coin, its best to seek a return and refund from the seller. If the seller does not comply then further action could be warranted by either eBay or local law enforcement officials.

19Lyds

<< <i>Well....I just went though that as we all know. Bought a fake, had it inspected by anacs and adjudged as what one would commonly call a counterfeit...retuned it to the seller with said paperwork...and then seen it back up on ebay.

The process SHOULD have went according to what ANACS wrote, but in the strictest sense it did NOT. The secret service has far better things to do than to trapse across the country chasing down people who sell old counterfeit coins ebay.

There are no clear paths on how to resolve it completely, just do as I done and if you return a counterfeit.....keep good watch that it dosent reappear. If it DOES, use everything in your power to have it removed again. >>



But it is the Secret Service's JOB to track down counterfeit currency AND coins. If they do not have the time then perhaps they should MAKE the time since its the truct in the money which is at stake here and not necessarily the dollar amount. Additionally, if the seller was notified that the coin is counterfeit and yet put it up for sale again as authentic, he/she is in violation of federal law and should be reported!

Its not a question of being just a "little bit counterfeit", its either authentic or its a fake and someone is going to lose money on it!

droopyd

<< <i>As far as counterfeit money goes, I know from first hand experience that if you happen to receive a counterfeit bill as change from some unobservant retail employee, you do not get any "refund" when someone DOES notice that its counterfeit. The bill simply gets confiscated and you lose whatever its monetary value might have been. >>



A friend of mine once had a nice long chat with the Secret Service about a $20 he had received from an ATM that turned out to be counterfeit.

MsMorrisine

<< <i>
Future counterfeits will be returned though since these only have value to those that want them AS counterfeits. Technically, the coins could be confiscated by any law enforcement or government official, at anytime, with no financial return.
>>




how about turning the counterfeits into law enforcement then?

shorecoll

I think you should return them along with a copy of the letter you send to the Secret Service. It's up to them to investigate or not. If enough people did this, maybe the USSS would start caring.