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CU sues dealer over fake coins, PCGS Slabs
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<p>[QUOTE="Shoewrecky, post: 1067499, member: 22350"]Has anyone read the most recent article (my title) in CoinWorld magazine this past week?</p><p> </p><p>If you havent, here's the short story: Collector's Universe (CU) initiated a lawsuit on Dec 7th in U.S. District Court, Central District of California against a Burnsville, Minn. rare coin firm of up to 25 unnamed John does of violating Hobby Protection Act, Lanham Act, Voilation of RICO common law fraud, conspiracy nd violation of California's unfair competition law.</p><p> </p><p>*the company sold/continues to sell fake PCGS slabbed coins without the word copy from China.</p><p> </p><p>makes you wonder how long it has been taking place, are they only doing this on high dollar value coins, if you could prove that you purchased the coin (s) from the said company would PCGS verify your coin then go after the company for the fees that would normally be charged?</p><p> </p><p>Now if the Chinese were creating the fake slabs, where did they get the Serial Number from...possibly a genuine coin? On top of that, if a John Doe bought a slabbed coin from the accused and resold the coin, it would make you wonder how coins are out there?</p><p> </p><p>I am sure this isnt the first time this has happened though I hope more people out there will fight against these counterfeiters. </p><p> </p><p>Just makes you want to me more cautious![/QUOTE]</p><p><br /></p>
[QUOTE="Shoewrecky, post: 1067499, member: 22350"]Has anyone read the most recent article (my title) in CoinWorld magazine this past week? If you havent, here's the short story: Collector's Universe (CU) initiated a lawsuit on Dec 7th in U.S. District Court, Central District of California against a Burnsville, Minn. rare coin firm of up to 25 unnamed John does of violating Hobby Protection Act, Lanham Act, Voilation of RICO common law fraud, conspiracy nd violation of California's unfair competition law. *the company sold/continues to sell fake PCGS slabbed coins without the word copy from China. makes you wonder how long it has been taking place, are they only doing this on high dollar value coins, if you could prove that you purchased the coin (s) from the said company would PCGS verify your coin then go after the company for the fees that would normally be charged? Now if the Chinese were creating the fake slabs, where did they get the Serial Number from...possibly a genuine coin? On top of that, if a John Doe bought a slabbed coin from the accused and resold the coin, it would make you wonder how coins are out there? I am sure this isnt the first time this has happened though I hope more people out there will fight against these counterfeiters. Just makes you want to me more cautious![/QUOTE]
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