Actually, I think China Post has entered into an agreement with the USPS, at least that is what I've heard. Their tracking numbers (different from USPS tracking numbers) are accepted and are fully trackable on USPS's website.
Well, there's no guarantee that what you see is what you get. The pictures look like a bunch of coins with varying grades, giving the buyers a sense of security. However, not even the Chinese sell their 90% silver fakes for that amount.
They took a report. They're looking at the auction now. I'll let you know what they say. No laughter from them when I told them it was over 7,200 fake silver coins on the way from China. Them: "Did you buy any?" Me: "Oh **** no!"
Oh cool. Did not know that. Very good to know. I tried to look up the USPS website about shipping from China. TO China, 5lbs is at least $50 in shipping.
Actually, I think U.S. Customs is more concerned... they have been intercepting some shipments. Here's just one: http://sgtreport.com/2011/04/agents-seize-fake-silver-coins-from-china-at-chicago-ohare/
" These Peace Silver Dollars are circulated, a nice way to collect 90% silver. A wonderful way to collect and invest! See the pictures of the actual coins you will receive." Peace Dollars = Morgan Dollars ???
Good point. They are both part of DHS. So.... we'll see if the message makes it to Customs. Yeah. Read about that bust earlier.
I knew I remembered a similar thread to this (although a very brief one) discussing the exact same thing. EBay pulled that auction quickly: http://www.cointalk.com/t167703/
A common tactic for eBay crooks of any kind, including counterfieters, is to use a picture of the real thing in the auction.
The sad part is that the chinese people that make these consider them "real" once they are made! Problem is they are not authentic coins made in the years that are on the coins. BTW I also reported to ebay. I agree this is a drop in the pan, but if more numismatists start reporting these and questioning sellers, it may cause a decline in the number offered. I would love to see EBay and auction sites being more careful with coins that have numismatic value, but who knows if and when that would happen. I think as long as they can make copies that fool people, then they will continue. Bet the Secret Service would be interested if the Chinese coin makers start manufacturing thousands of quarters, dimes, etc. and getting them into the US market (current coinage). Can you imagine what that would do to our country, plus they could make a bundle off it, just ship them in to their buddies that are already here.
It costs the Chinese counterfeiter about seventy-five cents to manufacture a fake silver dollar. This includes the planchets, the actually striking (the days of crude cast fakes are long gone) and the artifical aging/patina. Unlike the $100 "super notes" coming out of North Korea, they won't counterfeit current coinage, there's just not enough of a market. Even if they did, I doubt if there would be much of a financial impact.
Because wealthy women take offense to the idea of poor women being able to parade around with Louis Vutton handbags, that's why. Might lead to corruption of the gene pool if left unchecked, or so some women see it that way. As if any guy in his right mind is actually turned-on by a Louis Vutton handbag to begin with, that's the hillarious part of it. "Son, when its time to chose a mate, its important what handbag she carries"....lol...
Ebay made the right decision in regards to counterfeit Canadian coins (Thanks to Mr. Mike Marshall). Also Mike was able to involve Paypal in getting these illegal coins off the ebay. Why they are not doing the same with counterfeit USAnian coins?