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#11
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Reid ranted as follows:
... not to mention his maturity, exemplified by among other things his taking a picture of me from my Web site, defacing it, then putting it on his Web site. This is rich. Here is Reid's page: http://www.netaxs.com/~reidgold/column/IndexFrame.html and this is another of Reid's pages. http://www.netaxs.com/~reidgold/column/reid_pinch.html Please note the howl of pot calling kettle black. |
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#13
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#14
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dml3dm wrote:
The legalities regarding mere possession of these bogus coins aren't clear. Two areas of U.S. law deal with counterfeit coins. Title 18, Part I, Chapter 25 (Counterfeiting and Forgery) of the U.S. Code, Sections 485, 489, and 492 deal with counterfeits of U.S. and world coins. The Hobby Protection Act of 1973 (Title 15, Chapter 48, Sections 2101 through 2106 of the U.S. Code, plus 1988 amendments) deals with counterfeits of ancient coins. Nothing in the above statutes says that simple possession of counterfeits of collectible coins is illegal, and no court in the U.S. has ever ruled on the legality of this. According to Armen R. Vartian, the most visible numismatic legal expert in the U.S., "The statutes do not criminalize the mere possession of counterfeit money." What's more, no court case has ever specifically addressed the issue of the legality of simple possession of counterfeits of collectible coins, though some cases have touched upon this area in a tangential way. For there to be "judicial clarity," a court ruling has to address this issue specifically, according to Vartian, a lawyer, numismatist, Coin World legal columnist, and author of the book A Legal Guide to Buying and Selling Art and Collectibles. (snip) Although the Secret Service has confiscated high-visibility collections of counterfeits of U.S. coins, this hasn't happened in some 30 years. The ownership of counterfeits of collectible coins a non-issue today in the eyes of the authorities, who understandably devote their resources primarily toward going after those who make and pass fake bills. Standard Catalog of Counterfeit and Altered United States Coins Virgil Hancock and Larry Spanbauer Sanford J. Durst, 1979 It's a pity someone doesn't read the books listed in this post. p. 44 of the book cited above: "The 1894-S dime is, according to Mr. Yeoman, a real rarity, only 24 coins having been struck. Because of that great rarity, few attempts to counterfeit it are made. Any 1894 dime being offered should be subjected to such severe scrutiny that the fake would be exposed, thus, no buyer. In fact, the specimen shown here (enlarged) was offered by mail to a US collector, and that's how it happened to be photo'd and then seized as contraband by the US Secret Service. It's the specimen on which the seller, a Filippino, hung the $50,000 price tag." Alan 'you know, contraband?' |
#15
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http://www.secretservice.gov/money_coins.shtml Website acknowledges that coin counterfeiting is now primarily of collectible coins. Effective March 1, 2003 the U.S. Secret Service is moving to the Department of Homeland Security and will no longer be a Bureau of the Department of the Treasury. The U.S. Secret Service, in addition to providing executive protection,investigates crimes involving U.S. securities, coinage, other government issues, credit and debit card fraud, and electronic funds transfer fraud. http://www.secretservice.gov/investigations.shtml Website says counterfeit investigation was the 'original mandate' and that the 'primary enforcement jurisdictions' will increase in significance in the 21st Century. Alan 'they seem to care' |
#16
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Alan & Erin Williams wrote in message ...
Alan 'they seem to care' What is this, contagious? Yep, language at government Web sites equals reality. In truth (I know you're big on truth), the reality of the situation is as has been described here too many times. The Secret Service devotes the vast majority of its resources to protecting the country's money supply and the President, its dual mission. It devotes very few resources and time, relatively speaking, to protecting the numismatic marketplace, for reasons obvious to any sane person. It is still under statuatory obligation to protect all legal tender, but in the real world, in practice, what it wants to stop are those making and trying to pass thousands of fake $100 bills, who are often organized crime types and hostile foreign interests, not coin collectors keeping a handful or couple of dozen fakes of old quarters and half dollars in the house. It will go after those who *sell* counterfeits of old coins as authentic coins, but even here there's a fraud threshold below which it typically won't involve itself, and for it to throw the book at the seller, it has to show that the seller was knowingly selling counterfeits, that is, engaged in fraud (there are ways it uses to make this determination). This is the real world -- how things work. But feel free to continue to present the real world from what you read on the Web. It's very educational! -- Email: (delete "remove this") Coin Collecting: Consumer Protection Guide: http://rg.ancients.info/guide Glomming: Coin Connoisseurship: http://rg.ancients.info/glom Bogos: Counterfeit Coins: http://rg.ancients.info/bogos |
#17
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reidgoldsborough wrote:
But feel free to continue to present the real world from what you read on the Web. It's very educational! Hmmm.....didn't the Secret Service agent who recently contacted you regarding counterfeits of collectible coins find you through the Web? ++++++++++ Phil DeMayo - always here for my fellow Stooge When bidding online always sit on your helmet Just say NO to counterfeits |
#18
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#19
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ustion (mark) wrote in message ...
Do you have an attribution for that "fraud threshold"? Or, is this another one of those clever play-on-words like when you were refering to the Secret Service's "counterfeit guy"? With the way you post here, you are one of the very last people on Earth I'd disclose my sources to, or actually provide any information to. You were the one who has said that I don't interview people when I quote them, all the rest. Pure bozodom. -- Email: (delete "remove this") Coin Collecting: Consumer Protection Guide: http://rg.ancients.info/guide Glomming: Coin Connoisseurship: http://rg.ancients.info/glom Bogos: Counterfeit Coins: http://rg.ancients.info/bogos |
#20
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