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I wonder if they use counterfeits in China that are made in China?

blacksmokeblacksmoke Posts: 603
in U.S. Coin Forum
Oh that would just suck....
fun day at the office
Better to be thought a fool than to open your mouth and remove all doubt.

jeff

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  • UnknownUnknown
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  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>I wonder if they use counterfeits in China that are made in China? >>


    From what I understand, counterfeit US Collector coins are a product in China while counterfeiting or using counterfeit Chinese money warrants the death penalty.

    So, no, I don't believe that the Chinese spend counterfeits of their own coins.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭


    << <i>

    << <i>I wonder if they use counterfeits in China that are made in China? >>


    From what I understand, counterfeit US Collector coins are a product in China while counterfeiting or using counterfeit Chinese money warrants the death penalty.

    So, no, I don't believe that the Chinese spend counterfeits of their own coins. >>



    It's legal to create replicas of any coin dated prior to 1949 in China. The current government and currency system was established in 1949 so nothing prior to that is legal tender in China. I guess they didn't care about any coins prior to 1949 since none are legal tender for transactions and did not consider collectors at the time. What we have now is a consequence of that.
    Private Mint News | 2010 Lincoln Reverse Finalists
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>

    << <i>I wonder if they use counterfeits in China that are made in China? >>


    From what I understand, counterfeit US Collector coins are a product in China while counterfeiting or using counterfeit Chinese money warrants the death penalty.
    >>



    some friends and i have discussed this several times and the irony is not lost on us. unfortunately it doesn't stop at numismatics. :/
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • TireKickerTireKicker Posts: 870 ✭✭
    image
    All the best,

    Rob

    image

    Successful Trades with: Coincast, MICHAELDIXON

    Successful Purchases from: Manorcourtman, Meltdown
  • blacksmokeblacksmoke Posts: 603
    Sounds like we need to reevaluate our punishments for counterfeiting. Well, can't do that I guess, Ebay would go broke with all the lost revenue. image Can't have that.
    Better to be thought a fool than to open your mouth and remove all doubt.

    jeff
  • rickoricko Posts: 98,724 ✭✭✭✭✭


    << <i>Well, can't do that I guess, Ebay would go broke with all the lost revenue. Can't have that. >>



    imageMAO... Cheers, RickO
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Coins are only the tip of that iceberg.image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • BarryBarry Posts: 10,100 ✭✭✭
    No. Counterfeit coins, poison dog food, poison drywall, etc. are for export only.
  • BillJonesBillJones Posts: 34,793 ✭✭✭✭✭
    From what I have read the counterfeit problem is so bad in China that the banks will not take coins, which includes the new U.S. dollars. I've read that the economy has more than a few them in circulation.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • blacksmokeblacksmoke Posts: 603
    Serves them right!!!image
    Better to be thought a fool than to open your mouth and remove all doubt.

    jeff
  • johnny9434johnny9434 Posts: 29,218 ✭✭✭✭✭


    << <i>Sounds like we need to reevaluate our punishments for counterfeiting. Well, can't do that I guess, Ebay would go broke with all the lost revenue. image Can't have that. >>

    lmao, welcome to america. ( i wouldnt feel bad for them, that much)

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