Is this even legal?

Discussion in 'Bullion Investing' started by Lasers, Nov 16, 2014.

  1. Lasers

    Lasers Active Member

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  3. fretboard

    fretboard Defender of Old Coinage!

    Sure it's legal, he says it's fake right in the description. I know what you're saying but buyers have to take responsibility or get taken to the cleaners.
     
  4. chip

    chip Novice collector

    I doubt it is legal, I mean if I were a big refiner like Pampe Suisse or one of the others that he is selling these plated things, I sure would not want to lend my name to the enterprise.

    If he was selling Rolex watches and plainly said in the description that it was a cheap knockoff, I do not think Rolex would say oh well it is ebay and anything goes.

    I would think it would do harm to the companies he is counterfieting and would do real harm to their reputations.
     
  5. rlm's cents

    rlm's cents Numismatist

    Legal, probably yes. But it is against eBay rules, but that does not seem to matter anymore either.

    http://pages.ebay.com/help/policies/currstamps.html
     
  6. Lasers

    Lasers Active Member


    I agree with you 100%. I'm sure he will get in trouble one day.
     
  7. Treashunt

    Treashunt The Other Frank

    nah, he says it is just plated in his description
     
  8. afantiques

    afantiques Well-Known Member

    The item is said to 85% as dense as gold assuming the information about dimensions and weight is correct (a big assumption) so what is it, a block of Uranium alloyed with a bit of lead?

    Pure lead would be about half the density of gold.
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Or it could be that he's lying about the dimensions.

    I know it's hard to believe that someone selling fake bullion bars would actually lie about them, but it could happen.
     
  10. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    Wouldn't he be required to have the bar itself marked some way to indicate it was fake?
     
  11. Kirkuleez

    Kirkuleez 80 proof

    Item has been removed.
     
  12. Lasers

    Lasers Active Member

  13. Blaubart

    Blaubart Melt Value = 4.50

    I would think there must be some sort of trademark/intellectual property infringement issue. That's what I would be most concerned about if I were the seller. It looks like he is based in Australia though, and I'm not sure what the trademark laws are like there, but I can't imagine they are too much softer than here in the US.

    The ebay policy violation for selling clad/replica bullion is more straightforward, but less of a concern for the seller since it's just a policy violation and not "illegal".
     
  14. Argenteus Fossil

    Argenteus Fossil Active Member

    To me it wouldn't matter where he is selling them from. He is selling them TO the United States and here it is illegal. It is in violation of the Stamping Act of 1906. These items specifically violate section 297 titled "Stamping plated articles." Below is a link to a .gov website of the law.

    The act also specifies importation of such items into the United States. The violation results in a fine no greater than $5,000 and/or 1 year imprisonment.

    http://www.gpo.gov/fdsys/pkg/USCODE-2009-title15/html/USCODE-2009-title15-chap8.htm

    I have reported all of his items I deem in violation of the law as illegal items.
     
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