December 8, 2008
Protect yourself from the dangers of counterfeit material
Dear ANA member,
New counterfeit operations have sprung up across the world,
particularly in China, where relaxed laws protect these operations from
liability. The counterfeiters use clever production methods and
cutting-edge die-making technology, creating forgeries that are
difficult for most collectors to detect. A wide variety of counterfeit
objects are being produced, including U.S. and world coins, paper
money, errors, and even slabs. With the assistance of unprincipled
dealers and investors, this new material is flooding the market at an
astonishing rate, compromising the investments of collectors and the
integrity of honest dealers.
Below are some links that look at counterfeiting in greater detail, including an eye-opening article in Coin World
exploring how new counterfeit material is produced and finds its way
into the United States market. In addition, the ANA will be developing
a comprehensive online resource guide, offering counterfeit
detection courses at Summer Seminar and conventions, and
creating an exhibit exploring modern counterfeiting.
An educated numismatic community is the best defense against this
widespread problem; we encourage everyone who loves the hobby to
increase their awareness.
Coin World Article
other links
ANA Consumer Awareness Page
U.S. Mint Consumer Awareness Page
Department of the Treasury, Advanced Counterfeit Deterrence
Compilation of Articles on Counterfeiting (Robert Matthews)
|
