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How Chinese Counterfeit Coins are Traded | Gold Investment Deals

How Chinese Counterfeit Coins are Traded

December 16, 2012 by  
Filed under Gold Coins


The Gold & Silver PAC held a reception on March 31st honoring Congressman Lamar Smith Republican of 21st Congressional District of Texas. Mr Lamar is Chairman of the House Judiciary Committee. At the meeting, David Hall, CEO of Collectors Universe/PCGS, briefly outlined how Chinese Counterfeit coins in fake PCGS holders are traded. He used the example of a dealer who was sued by PCGS for selling counterfeit PCGS PCGS holders that were made to order from Chinese manufacturers.

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Comments

12 Responses to “How Chinese Counterfeit Coins are Traded”
  1. eaglesguy2036 says:

    Don’t you just fucking hate China. 

  2. superhawkn says:

    Just search on allibaba all gold coins, silver everything! Fakes ! All dates

  3. superhawkn says:

    How about seller on Ioffer selling product below wholesale!!

  4. sovietweapons says:

    The coins are being counterfeited in China. Out of USSS jurisdiction.

  5. sovietweapons says:

    Lamar smith is that fucking piece of shit that proposed the sopa bill, i’d love to paint my walls with his blood.

  6. T Martin says:

    DENSITY will also be the key: density = mass/volume. Measure the thickness because chinese fake zinc will be thicker.

    The formula to calculate the volume of a cylinder is:

    v = h * pi * r squared

    where

    v = volume
    h = height (in you case the coin thickness)
    r = radius (one-half the diameter)

    Density of silver: allmeasures(.)com/Formulae/static/formulae/density/29(.)htm

  7. TMike293 says:

    The polices in China are only used to control the people. The gov acutually indirectly encourage such practice, especially if those fake are to be exported to other countries. Before, when China wasn’t strong and have big enough balls to mess up with the U.S., those fakes are to send to third class countries or other developing countries in Asia. So, wake up Americans, if you want to fck China, do it asap, when you still can do sth!!!

  8. infowarguy says:

    The US Secret Service should be investigating and charging counterfeiters for counterfeiting currency if those coins are still legal tender, and they are.

  9. fuelban says:

    Good video, & the thing I take away here is what you said about the money still being legal tender, this should involve the authority’s and they should be doing more in my view.
    Thom in Scotland.

  10. DumpTown says:

    PCGS did not actually grade the coins. Both coins and slabs were counterfeit.

  11. rshamouni says:

    Why was PCGS not able to detect the counterfit coins?

  12. pdxeddie1111 says:

    makes me wonder how they get away with it in such a policed country like China without the government knowing about it and if the government knows then they are condoning it

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