Heck I've been yelling about this for years. Just think if China distributed tons of really good fake bills, like $20's into our economy. Sure the article below is talking about rare bank notes but the Chinese have gotten really good at copying everyone else's money and the master counterfeiters over there are like Rock Stars over here. You think they're ever gonna stop? Heck no they're not gonna stop and it don't matter who becomes Pres, it's not gonna stop until we do something about it like revise and diminish the free trade agreement. What do you think?? http://www.coinnews.net/2012/06/25/pcgs-implores-congress-to-act-against-counterfeit-coins/ Executives of the Professional Coin Grading Service (www.PCGS.com) warn that the problems of Chinese-made counterfeits of rare coins are getting worse and could soon expand to include fakes of rare bank notes imported into the United States.
Counterfeiting has always been a problem in coin collecting. But I don't see how more government intrusion is the solution. The solution is to study up on counterfeit detection, not to get Big Brother to make new laws infringing on the free market. When a person knowingly sells a counterfeit as the real thing, it is fraud. That's all the law we need. Forcing private businesses to stamp "copy" on coins is an unfair infringement on their right to conduct business as they see fit. If somebody wants to make a copy of a rare coin without stamping copy on it, that is their prerogative. So long as it isn't being passed off as real, there is no fraud and nobody's rights are violated. It is only when the copied coin has been sold as real that fraud has been committed.
