I have point blank asked a few auction houses how they vet items they sell, after finding fakes listed, and only get a copy of their return policy. So, they figure that if they auction a fake item and offer you a return/refund, they are not responsible. I stopped doing business with them and let them know why.
I believe I've mentioned this before, but it's germane to this post. I bought 13 foreign coins, discovered one was counterfeit. Auction house offered to take all 13 back and issue a full refund, but I knew I could sell the 12 and still make money so I thanked them kindly and kept all of them. Through some help here on CT I was put in touch with a man who collected 4 Reales contemporary counterfeits. I sold it and almost paid for all 13 with that one (counterfeit) coin. All the rest were gravy. Not every auction house is that responsive, unfortunately. Steve
Yes, I realized that afterwards. Thanks, though, @Steven Shaw. BTW, Hi-Bid actually did call me back, but told me that I couldn't simply have my account erased or eliminated. All of my information will stay in their possession, although I can deactivate my credit cards on their system.
My experience with a "not as described vendor" went on for nearly a year with my filing under state consumer protection. There was no ruling on the merits-as apparently local judges don't understand the coin hobby. But pulled an obscure case out of the blackhole stating that one has to essentially prove more than one sale IN OHIO to qualify. There are 93 pages of case law on the subject (with about 25 cases per page)! I purchased online one of the great roman emperors-an inexpensive coin-but features were clear enough to make out. (I was winning bidder of three). When I received it, it was covered in that thick black lacquer, which I naturally thought I would uncover what I bought, but turned out to be a non-identifiable cull/slug piece. When I contacted the seller he unleashed a barrage of vitriolic and profanity. Then the game was on with the seller and the (here very popular unnamed) internet company. What irritates me most of all is now I have to question perhaps others in may collection thanks to this one jerk. He put a dark cloud over what was beginning to be an enjoyable hobby.
But that won't get them off the hook selling counterfeits because counterfeits can't pass valid legal title to the item. (now if you examine the lots in person they may have an out in arguing that you purchased them knowing them to be fakes.) Modern or contemporary?
This is the coin. I was told the die chip over the 1 was a diagnostic for counterfeit. The coin weighs 10.74 grams.
Modern counterfeit. As a rule they aren't really worth much of anything but the old contemporary counterfeits usually are valuable,
Common to see rubbed areas revealing light reddish undercolor on fake copper coins. See them on fake Indian heads frequently. If you see that type of revealed reddish undercolor, not a definitive indicator, but warrants closer look for possible cast-related flaws, such as small bubble shapes on surfaces.