ANACS certification... If fake, they might keep it?

I was reading the fine print, and it says that if a coin I'm thinking of sending in to be verified (a trade dollar) turns out to be fake, they reserve the right to keep it/turn it over to the Secret Service?

Is that just legal mumbo jumbo to cover their butts?

Edit:

I missed the bold part before.

I think it would be *worse* for it to come back with the "Questionable Authenticity" rating! Has that ever happened to anyone here?

 

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Makes me think twice before doing business with ANACS. Government is supposed to be our servant, not our overlord. If the specimen is counterfeit it needs to be returned to the submitter that way. The Nazi SS (Secret Service) have no right to our personal property. Where do they get the authority to do any of this under our U.S. Constitution? This amounts to theft, a crime in of itself. "Like" if you agree with me.

 

Well, I'd rather have the coin come back "Questionable Authenticity" than not come back to me at all. If I sent in a counterfeit coin then I would definitely want it back as well.

 

They use the"questionable authenticity" to avoid having any legal obligation or liability. If they say they know it's counterfeit, they may have issues with the SS. Also, what if they are wrong? What if they claim the coin a fake, call the SS and later find out it was authentic. It's CYA legaleeze. They ship the coin back to you, and wash their hands of it.

 

if it is fake id prefer to put it in the hands of the government then to pass it around or turn it into a local bank to the fraud department...

 

If later it was found the coin was not counterfeit what do you think the chances are the SS would voluntarily give back the property to its rightful owner? I'd say there's a bigger chance of me finding a kiwi bird running loose in the streets of New York City!

 

That is a legitimate concern. Consider that back in 1969 there were fake 1969 DDO cents discovered and the SS started confiscating them. They also started confiscating 1969-S DDO cents as counterfeits! Later when it was realized that the 69-S DDO's were real, only a few were returned. The SS had destroyed the rest.

 

If it's a Chinese fake there's nothing I'd like more than if the government returns it and all the rest of these fakes back to their exact point of origin in a cruise missle I would love it if they blew up the factory turning these gd things out!!

 

Heck, I don't think OP needs to worry about the SS confiscating his trade dollar. They've known about these fakes for years and have done nothing but sit on their hands.......

 

i would be glad to do business with anacs with that counterfeit policy, it is illegal to own counterfeit money and i would help the authorities any way i could to trace the coins origan, i would not want the coin returned to me as i could then be arrested for possesion of counterfeit money, not worth it, same as if i brought something to a pawn shop an it turned out to be stolen property, i would not expect it to be returned to me and i would cooperate in finding who stole it an who the rightful owner is, as for a counterfeit coin i would prefer that they keep it and turn it over to the authorities, any loss incurred by me from purchasing a counterfeit coin i would consider minimal compared to the consequences of getting arrested for having it in my possesion, an if the coin turns out not to be counterfeit i would hope the goverment returns it an if not then thats a loss i have to deal with, a coin can be replaced, better safe than sorry, been there done that dont want to do it again...

 

Well, you can own counterfeit coins in this country:

In the United States it is perfectly legal to own counterfeits, provided you have no intent to defraud someone with them. [18 U.S.C. Chapter 25 § 485] and [18 U.S.C. Chapter 25 § 490]

 

Take it easy bill... no sense starting a war over something so trivial, lol. Remember, if it wasn't for the Chinese embracing capitalism, we wouldn't be seeing the influx of fake goods (not just coins, but just about everything that's manufacturable).

 

T

Yup and if not for the Chinese Walmart would be out of business

 

Depending on where you acquired the fake ... you might be able to ask for your money back, in which case who would argue against having it properly handled? Certainly if you bought it on ebay and it was confiscated when you had it certified or graded you would be made whole, shipping and all. Wouldn't your reputable dealer do the same? He should have known better in the first place but everybody makes mistakes. If a fake was confiscated I would expect them to investigate the origins of the thing.

 

Who is "them"? The SS? They don't need to investigate the origin.. they already know where the coin originated.

 

I'm sure that clause is in there just to protect ANACS from getting into trouble with the federal government. I'll bet that other TPGs have similar things in their fine print just to cover their back side.

 

Notice the plurality of origins. There might be enforcement opportunities along the path, even if we can't address the source.

 

What if the coin cost you a hefty sum or might be more valuable as a fake. You might want to rethink your argument because if it happened to you in real life I'm fairly sure you would take a different approach with your own personal circumstances.

 

Well, U.S. Customs did make a "token" intercept of some Chinese manufactured trade dollars back in 2011.... since then, hundreds of thousands of fakes have entered the U.S., with little or no interference.
http://www.coinworld.com/articles/chinese-counterfeit-seizure-in-chicago-first-

 

This is an interesting thread. Please help it to stay visible by dropping any Political angles. There is no need for it, and next post I have to delete may create deeper problems.