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<p>[QUOTE=&quot;Good Cents, post: 3912338, member: 100720&quot;]When they talk about China stealing our technology, our copyrights and &quot;intellectual property theft&quot; from China, I always thought it meant that they don&#039;t crack down on those making fake expensive pocketbooks and I have to admit that I never really cared much about that.</p><p><br /></p><p>But after everything I&#039;ve read about fake coins and bullion since starting this post, I&#039;m learning more and more about how detrimental all this counterfeiting is for Bullion, Numismatics and other expensive items.</p><p><br /></p><p>It is legal in China to create identical &quot;replicas&quot; of anything in the world, including Gold &amp; Silver coins, as long as the company creating it sells it as &quot;replicas&quot;. But there are no Chinese laws governing the goods after that. So the buyer can resell all those identical &quot;replicas&quot; to unsuspecting buyers and flood the markets with fake items.</p><p><br /></p><p>Also, Chinese Bullion &amp; Numismatic Counterfeiters have their own &quot;Mint&quot; operations which function completely legitimately in China as a real mint would while creating &quot;replicas&quot; of any PM coin and this is completely legal in China.</p><p><br /></p><p>Plus, they&#039;ve gotten REALLY good at creating fakes of anything that is valued by Numismatists and Bullion Collectors and Stackers to the point where dealers are fooled. PCGS and NGC holders and their stickers and the correct content of the holder and weight and measurement of the coin in the holders have all been perfected. So if we go to coin shows without thousands of dollars of detection equipment, or without buying from dealers who have the mega equipment, we won&#039;t ever know what we&#039;re buying because this stuff is flooding the market.</p><p><br /></p><p>So, we&#039;re basically screwed. They&#039;re killing a hobby and an age-old hands-on investment (PM) and there&#039;s nothing anyone can do about it because the U.S. can&#039;t control what happens in China no matter how much it effects the U.S.</p><p><br /></p><p>This isn&#039;t political, it&#039;s historical and it is now an important part of Numismatics and Bullion collecting.[/QUOTE]</p><p><br /></p>

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