The TPGs spot them and send them back to the customer. As collectors, we send them back to the seller if we catch it. Where do all of the counterfeits that are caught, go? You never here about them being destroyed. I'm sure many are sold for what they are but are back on the market at some point as real. I don't see an end to the problem.
Well some people intentionally collect them, so I hope they end up in those kinds of collections and not in unsuspecting collectors hands. I assume the bad dealers release them back into the wild, but I would be curious about what the honest dealers do with their bogus coins. We have plenty of good dealers here, so I am sure they will tell us.
I'm sure many dealers keep them for study pieces and I'm sure many go into the melting pot with the rest of the junk silver which is where they belong if their even silver and of course many end up on sleaze bay to fool the unsuspecting
I would estimate that 90% go right back on the market after a half-hearted "playing the fool" generic excuse by the seller.
And you won't, because there isn't one. Even if you pulled and melted every fake that was found, they would just make more.
Personally, I don't like the idea of someone collecting known counterfeits. Granted, it can provide them a good reference library for such coins, but when the collector eventually passes away, the heirs will likely put them right back in the marketplace. I'd much rather see one of these collectors take detailed notes and photos of each counterfeit coin and then destroy it. Chris
Or a better idea keep them as study pieces and counter stamp each one with copy fake counterfeit or the like so the coin can never again be sold as real
Maybe? I recall a memo someone posted somewhere about eBay & Pay Pal counterfeits were they got sent. It was somewhere in Texas. Omega coins today still are popular due to myth almost . Secret Service is still on the hunt ,China is not in their scope yet ?? ^/^ ??
Well, I have at least 20 of them. All bought knowing they were of course fakes. They are good to study and learn from.
In the dumpster, ideally. But really, some people collect those, some keep them to know their enemy, but most end up in the collections of the less experienced. May they all rust in peace
