fake 1/2 shark coins - australian seller on ebay?

goldpelican said:
Crimes (Currency) Act 1981 said:
9 Possessing counterfeit money or counterfeit securities
(1) A person shall not:
(a) have in his or her possession counterfeit money (not being an excepted counterfeit coin), knowing it to be counterfeit money; or
(b) have in his or her possession a counterfeit prescribed security, knowing it to be a counterfeit prescribed security.
(1A) Subsection (1) does not apply if the person has a reasonable excuse.
Note: A defendant bears an evidential burden in relation to the matter in subsection (1A) (see subsection 13.3(3) of the Criminal Code).
(2) It is a defence to a prosecution of a person for an offence against subsection (1) in relation to the possession of counterfeit money or a counterfeit prescribed security if the person charged establishes to the satisfaction of the court:
(a) that he or she did not make the counterfeit money or counterfeit prescribed security; and
(b) that he or she did not, after the time when he or she first learned that the counterfeit money or counterfeit prescribed security was counterfeit money or a counterfeit prescribed security or the time when he or she acquired the counterfeit money or counterfeit prescribed security, whichever was the later time, have a reasonable opportunity to surrender it to a member of the Australian Federal Police or of the police force of a State or Territory or to any other person prescribed for the purposes of this section.
(3) A person shall not, with intent to defraud, have in the possession of the person an excepted counterfeit coin, knowing it to be counterfeit money.
Penalty:
(a) in the case of a person, not being a body corporateimprisonment for 10 years; or
(b) in the case of a person, being a body corporate$50,000.
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A member on the forum has been down this road before - the legislation is pretty clear on this, and advice from the AFP at the time was that the "reasonable excuse" exception could only be determined by a court - I.e. if you were caught with a fake for "comparative use", they would still charge you and let the courts work out if you would be allowed to keep it for the purported use. Hence the "evidential burden" bit.

Subsection 3 would apply to anyone buying a fake from eBay and then passing it off as real currency. $50k fine and 10 years of contemplation.
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Did the authority nail the SS member for selling fakes buffalo rounds?
 
A fake buffalo round is not counterfeit currency. That becomes a local police matter, or at worst, a civil claim.
 
Knowing what's involved in getting a licensing deal - $9.90 for the Batman coin wouldn't even cover the royalty, so it's copyright infringement as well.
 
goldpelican said:
Knowing what's involved in getting a licensing deal - $9.90 for the Batman coin wouldn't even cover the royalty, so it's copyright infringement as well.
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Sounds like Time Warner, who owns the rights, would be interested in learning of this.

I'm sure they've got a pretty good-sized legal dept.. :)


"DC Comics, Inc. is an American comic book publisher. It is the publishing unit of DC Entertainment, a company of Warner Bros. Entertainment, which itself is owned by Time Warner. DC Comics is one of the largest and most successful companies operating in American comic books, and produces material featuring many well-known characters, including Superman, Batman..."

http://en.wikipedia.org/wiki/DC_Comics
 
Ok anyone still around in this post?

Search lunar horse silver coin. Look at sold listings. Check out the bidding war that went on for a fake horse coin... 100% feedback the seller has too...
 
Although I have not seen the fake Australian coins in person, I have seen fake US Morgan silver dollars (I bought one of these by accident), US ASE's, Canadian Maples, etc. All the fake gov coins I saw were pretty bad looking compared to the real ones. Even the fake gold coins I have seen in person (Krugs and sovereigns were pretty bad if you knew what you were doing). I got the Morgan when I bought a deal that included several low quality silver dollars that I bought near melt. When I got home and went through them, I saw it right away and could hear the "clink" sound wasn't right, it only weighed 19 grams or so too. I got the dealer to take it back and give me a real one.

As far as generic silver goes, the Chinese sellers are pumping out tons of the crap and the bars look really good. I have seen some here and there in the bins at local stores. It used to be the giveaway was the one ounce bars would each be in an individual plastic case. Now the sellers have figured out that everyone is on to that, so they started making them in sheets of 10 bars in soft plastic sheets similar to the real ones. (see below link)

It seems nobody in the gov cares about fake silver/gold coins/bars. Maybe what the online pundits say about the gov not wanting people to own gold and silver is true, thus they don't do anything to stop fakes because they want us to be afraid to buy them? I don't know if that is true or not, but nothing is being done to stop them that I know of. Some people have been arrested here after being caught selling the fake bars to dealers, but that doesn't stop the stuff from being made in the first place. I stopped buying generic silver a while back and stick to gov made stuff that I am very familiar with so hopefully I won't get fooled.

Just my opinion.

http://www.aliexpress.com/item/Seal...Silver-Plated-Brass-Core-Bar/32236609769.html

Jim
 
Jim4silver said:
Although I have not seen the fake Australian coins in person, I have seen fake US Morgan silver dollars (I bought one of these by accident), US ASE's, Canadian Maples, etc. All the fake gov coins I saw were pretty bad looking compared to the real ones. Even the fake gold coins I have seen in person (Krugs and sovereigns were pretty bad if you knew what you were doing). I got the Morgan when I bought a deal that included several low quality silver dollars that I bought near melt. When I got home and went through them, I saw it right away and could hear the "clink" sound wasn't right, it only weighed 19 grams or so too. I got the dealer to take it back and give me a real one.

As far as generic silver goes, the Chinese sellers are pumping out tons of the crap and the bars look really good. I have seen some here and there in the bins at local stores. It used to be the giveaway was the one ounce bars would each be in an individual plastic case. Now the sellers have figured out that everyone is on to that, so they started making them in sheets of 10 bars in soft plastic sheets similar to the real ones. (see below link)

It seems nobody in the gov cares about fake silver/gold coins/bars. Maybe what the online pundits say about the gov not wanting people to own gold and silver is true, thus they don't do anything to stop fakes because they want us to be afraid to buy them? I don't know if that is true or not, but nothing is being done to stop them that I know of. Some people have been arrested here after being caught selling the fake bars to dealers, but that doesn't stop the stuff from being made in the first place. I stopped buying generic silver a while back and stick to gov made stuff that I am very familiar with so hopefully I won't get fooled.

Just my opinion.

http://www.aliexpress.com/item/Seal...Silver-Plated-Brass-Core-Bar/32236609769.html

Jim
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Look on the bright side. If the Government decides to confiscate your silver / gold you can just give them the fake stuff and hide the real stuff, I doubt they will know the difference.
 
Northerncoins said:
Jim4silver said:
Although I have not seen the fake Australian coins in person, I have seen fake US Morgan silver dollars (I bought one of these by accident), US ASE's, Canadian Maples, etc. All the fake gov coins I saw were pretty bad looking compared to the real ones. Even the fake gold coins I have seen in person (Krugs and sovereigns were pretty bad if you knew what you were doing). I got the Morgan when I bought a deal that included several low quality silver dollars that I bought near melt. When I got home and went through them, I saw it right away and could hear the "clink" sound wasn't right, it only weighed 19 grams or so too. I got the dealer to take it back and give me a real one.

As far as generic silver goes, the Chinese sellers are pumping out tons of the crap and the bars look really good. I have seen some here and there in the bins at local stores. It used to be the giveaway was the one ounce bars would each be in an individual plastic case. Now the sellers have figured out that everyone is on to that, so they started making them in sheets of 10 bars in soft plastic sheets similar to the real ones. (see below link)

It seems nobody in the gov cares about fake silver/gold coins/bars. Maybe what the online pundits say about the gov not wanting people to own gold and silver is true, thus they don't do anything to stop fakes because they want us to be afraid to buy them? I don't know if that is true or not, but nothing is being done to stop them that I know of. Some people have been arrested here after being caught selling the fake bars to dealers, but that doesn't stop the stuff from being made in the first place. I stopped buying generic silver a while back and stick to gov made stuff that I am very familiar with so hopefully I won't get fooled.

Just my opinion.

http://www.aliexpress.com/item/Seal...Silver-Plated-Brass-Core-Bar/32236609769.html

Jim
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Look on the bright side. If the Government decides to confiscate your silver / gold you can just give them the fake stuff and hide the real stuff, I doubt they will know the difference.
Click to expand...


Would be good to use them as a decoy for burglars I suppose. I don't think there will be any future PM confiscations, at least not here in the US. Not enough people own gold/silver bullion anymore and we are not on a gold standard like in 1933. I would be more worried about 401Ks, IRAs, etc.

According to a speech by Bernanke in 2002 (when he was just a mere fed governor), dollar devaluation is a tool to stop deflation. He mentioned several techniques the Fed could use to stop deflation should they need to do that. So far, they have done from what I see all of the techniques he mentioned ( QE1, 2, 3, etc.), with the exception of one. The one trick they haven't done yet (since 1933) is a dollar devaluation. He goes on to speak in fairly glowing terms about how successful that was for the US in 1933. Basically after they recalled the gold coins they then revalued gold 40% higher vs. the dollar. This was basically how they had to "print" money back on a gold standard. Now they can just print and don't need to worry about anything like gold backing to get in the way. I wonder how they will devalue the dollar next time since we are not on a gold standard? Maybe knock off a zero?

Here is a link for a long but informative read.

http://www.bis.org/review/r021126d.pdf


Just my opinion.

Jim
 
Sorry but I don't believe anything Bernanke has said or will say. The foxes are running the hen house in the USA as well as most other countries for that matter.
 
Northerncoins said:
Sorry but I don't believe anything Bernanke has said or will say. The foxes are running the hen house in the USA as well as most other countries for that matter.
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I agree with you in theory, but at this point it is not a matter of belief or not. Everything he mentioned has ALREADY taken place (except a modern day devaluation). Bernanke's speech that I linked from 2002 has been a perfect "road map" of what the Fed has been doing since 2008. The ONLY thing that has not yet occurred is the dollar devaluation. Whether or not that will happen in the future I don't know, but everything else he mentioned as a tool to fight deflation has been done, and some of it is still going on. I doubt you even read the speech but that is your option.

A dollar devaluation would be very bad for dollar holders who would lose a large amount of buying power. For him to even mention such a tactic and try to put a good "spin" on it tells me that it is coming someday, just like all the other tactics he mentioned which have already taken place. If someone like Bernanke is going to lie, it would be saying "everything is fine, don't worry, your buying power is safe", etc.

Sometimes TPTB do telegraph what they plan to do. You just probably won't hear it on your favorite TV show or even alternative news sites Alex Jones, etc.


All just my opinion.

Jim
 
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