Coin Dealer Busted For Making FAKES

Right here in Florida http://www.baynews9.com/content/36/2008/4/28/343720.html

 

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that is just wrong and scary

 

He is a repeat offender so I say shoot him slowly :smile :whistle: and also it's not just the Chinese then

 

yeah...from now on we have to blame florida for all the fakes...china is off the hook for the moment. Those darn Floridians!!

 

where have i read this before, oh yeah, http://www.cointalk.org/showthread.php?t=36582

hehehe

what a tool that guy is - i wonder how many people he ripped off.

-Steve

 

What a great mug shot ! Now let's get a photo of him in a nice AUTHENTIC bright orange jump suit.

 

he should be glad he's not in Maricopa County, Arizona - he'd be wearing pink and living in a tent.

-Steve

 

LOL Joe Arpaio for PRESIDENT...

 

Is this why the Democrts didn't hold a primary in Florida? :mouth:

Ribbit :whistle:

 

They did, but the DNC will not seat the delegates because FL pushed the date up......

I have worn the stripes and the pink......DUI a few years ago, and I credit Sherrif Joe with me realising if I continued to drink I was on a quick path to self destruction. We LOVE Joe in Maricopa County

Back to topic......coin dealers in FL are no different than anywhere else, but the bad ones DO get into the news alot. Don't forget FUN is one of the biggest coin shows of the year........

 

I can't help but wonder what the whole story behind this is. The news report and the video were both pretty poor examples of reporting. From them the only thing you could really say for sure was that he sold some counterfeits. The only coin you get anywhere close to a good look at is a fake 37-D three legged buffalo thatthey describe as altered not counterfeit. And it is clear from seeing it that it wasn't the real thing. The silver dollar in the video where the officer is saying that it should weigh 26.8 grams looks like your typical chinese fake. I don't know. I can't tell if he was making them, or if the chinese found that american partner they were looking for.

 

I would not call this guy a coin dealer. Rather, I would characterize him as a career criminal who sold coins as part of his criminal enterprise. From another article:

The article the OP linked to clearly states:

Hmmmm. Dies and a hydraulic press. Do ya think he was making counterfeit coins? It would be interesting to learn if the counterfeit coins he sold and had in his possession were made from the seized dies.

 

This makes me mad hearing this :headbang:

 

Oh, capital punishment, how do I love thee? Let me count the ways.
Electrocution
Drowning
Burning at the stake
Drawing and quartering
Beheading
Stoning
Firing squad
Gas chamber
Boiling
Crucifixion
Scaphism (look this one up)
Hanging
Starvation
Immurement
Columbian necktie

Hearing about guys like this make me feel less hatred towards the Chinese counterfeiters.

 

Collectible coins or counterfeits? They didn't identify them as counterfeits so they could simply be coins. Not surprising that a dealer would have thousands of collectible coins.

900 pounds. Is that what the machine weighed or the amount of pressure it could generate?

Just some of them? Would lead us to believe? Come on yes or no. And making US Currency? You don't use the same type of press for making coins that you do for printing currency Does the detective know what he is talking about or just being sloppy with his language? Of course we also have to consider that the report is being filter through a reporter and I have never seen a general reporter yet who could get a report on a numismatic subject right without garbling it.

 

Currency is something that is used as a medium of exchange...thus coins are currency.

 

It is not just numismatics that most reporters don't have a clue about. It is rare when a reporter actually understands what he/she is reporting on. I once heard a reporter state a tornado was "200 miles wide". (I think she meant 200 yards but she didn't even know enough about tornadoes to question one being 200 miles wide.)

In this case I think the garbling occurred in the reporting.

 

In the industry hydraulic presses are customarily referred to by their pressure in pounds per square inch.