Are the Chinese just scapegoats for a lot of counterfeits?

BigE · March 23, 2010 2:55PM

A lot of other countries could be doing the same thing. North Korea produces loads of good fake 100.00 bills. Some of the fake slabs, inserts and coins could be easily produced right here in the USA. What do you think, could China just be a smokescreen

-----------BigE

SurfinxHI · March 23, 2010 4:03PM

Ever been to China? Biggest black market/rip off market around. Having said that, I've seen similar stuff in Vietnam, South Korea, Thailand, Cambodia, etc etc.

In several Chinese markets, I have seen not only US coins, but French and older Chinese coins. All don't "ring" true, though several I've seen were pretty good. And those are just laying out on tables and in dusty corners of every shop. Crazy.

Also, North Koreans produce some interesting coins...I've got several. Maybe I should start a thread of those...??

BigE · March 23, 2010 4:34PM

Yes, I have been to China. That's why I was wondering why they get pinned with importing all the poor fakes sold on e-bay when they are capable of much better.

What about all the bad krugerands and AGE's and Saints on the market that are way better copies that fool dealers everyday?

I would love to see a thread on the North Korean stuff if you have time

---------BigE

SurfinxHI · March 23, 2010 4:46PM

I'll see what I can get imaged. I have mostly silver rounds that I purchased in Pyongyang the early 2000s.

I don't know much about the AGEs or gold issues...can't have much of an opinion there. The Chinese fakes I've seen in the little shops have all made me stop and look...and wonder what the heck it is doing in that little shop. I guess I'm not too up on the fake market on ebay -- as you note -- the Chinese are pretty good at what they do. But then again, how's this for an explanation: there are definently different "grades" of fakes in China for all kinds of products, and those all have different price points. So maybe the bad stuff on Ebay is someone being cheap and getting the "low quality" fake, vs. the stuff that dealers get faked out on that is the higher priced "high quality" knock-off. Just a thought. This argument would probably apply to most "fakers" out there as well, not strickly to China. (Shoot, DVDs have all kinds of different quality in the various markets around the world!)

Cheers!
Greg

droopyd · March 23, 2010 5:56PM

Look at name-brand clothing on eBay. So many obvious bootlegs coming from Thailand and Malaysia.

ricko · March 23, 2010 9:18PM

Much of the blame is put on China due to early fakes detected on ebay originating there. It is true, fakes originate from many countries and the really good ones do survive longer... even into B&M's inventory. Counterfeiting is an age-old practice, and in all areas where profit can be made. While probably a bit unfair to label all counterfeits Chinese, they are a major source. In the US, most counterfeiters are now concentrating on tarnish, much faster to produce and highly profitable. Cheers, RickO

derryb · March 23, 2010 9:23PM

They just produce more of everything than most other nations. They are hungrier. If it will sell, they will make it.

Gemineye · March 24, 2010 5:46AM

<< <i>Are the Chinese just scapegoats for a lot of counterfeits? >>

Probably....they outsource the plasic slabs and labels to other countries but mainly concentrate on the coins themselves....

Are the Chinese just scapegoats for a lot of counterfeits?

Comments

Leave a Comment