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<p>[QUOTE="Hobo, post: 1090625, member: 11521"]Perhaps you are not as well-versed regarding Chinese counterfeit coins as some of us. When we speak of Chinese counterfeits it is not sinophobia; rather we are referring to a genuine threat to our hobby (or business) that happens to come from China. We would be just as concerned (and outraged) if the threat came from any other country.</p><p> </p><p>One thing that you may not realize is that it is legal to produce counterfeit coins in China as long as the coins are dated before 1949 (the year of their revolution). The Chinese government does nothing to stop the production of counterfeit coins. And why should they? Counterfeiting is a HUGE HUGE business in China and the government benefits from counterfeiting (taxes, more exports, more US and other foreign currency coming to China, higher employment, etc.). </p><p> </p><p>You should also be aware that coins are not the only thing the Chinese counterfeit. Many of their products have been in the news over the last couple of decades: baby formula, pharmaceuticals, condoms, automobile parts, aviation parts, movie DVDs, software DVDs, music CDs, construction materials (have you heard of 'Chinese drywall'?), cosmetics, clothing, shoes, handbags, food, pet food, toys, cigarettes, etc., etc., etc. I doubt there is a product the Chinese have not counterfeited.[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 1090625, member: 11521"]Perhaps you are not as well-versed regarding Chinese counterfeit coins as some of us. When we speak of Chinese counterfeits it is not sinophobia; rather we are referring to a genuine threat to our hobby (or business) that happens to come from China. We would be just as concerned (and outraged) if the threat came from any other country. One thing that you may not realize is that it is legal to produce counterfeit coins in China as long as the coins are dated before 1949 (the year of their revolution). The Chinese government does nothing to stop the production of counterfeit coins. And why should they? Counterfeiting is a HUGE HUGE business in China and the government benefits from counterfeiting (taxes, more exports, more US and other foreign currency coming to China, higher employment, etc.). You should also be aware that coins are not the only thing the Chinese counterfeit. Many of their products have been in the news over the last couple of decades: baby formula, pharmaceuticals, condoms, automobile parts, aviation parts, movie DVDs, software DVDs, music CDs, construction materials (have you heard of 'Chinese drywall'?), cosmetics, clothing, shoes, handbags, food, pet food, toys, cigarettes, etc., etc., etc. I doubt there is a product the Chinese have not counterfeited.[/QUOTE]
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