http://forums.silverstackers.com/
It has come to my attention that a Chinese website is advertising counterfeit Perth Mint 2012 Year of the Dragon 1oz silver coins, and is currently shipping to Australia. It has been disclosed that at least one shipment of 500+ coins is on its way to Australia, presumably intended for resale.
The same seller is also advertising 2011 1oz Gold Kangaroo bullion coins.Under the Crimes (Currency) Act 1981, it is a federal offence to offer to buy, sell, receive or dispose of "non-excepted counterfeit money". Counterfeits of Perth Mint legal tender bullion coinage falls under this description, as does counterfeits of currency with legal tender status in countries other than Australia. Penalties are up to 12 years imprisonment or $60,000 fines for individuals.
Be very wary of buying either of these coins from sources such as eBay, the likely destination for resale.
An undisclosed member is importing one of these coins for publicising of the issue (the Act permits purchase of counterfeit coins with a "reasonable excuse", which surely the dissemination of a public warning would be acceptable). They will be sharing images of the coin including destructive testing for public education purposes in the next few weeks.
Due to the serious nature of this particular counterfeit (modern premium bullion coins with Australian legal tender status), the owners of Silver Stackers wish to make the following very clear:
If you are suspected or accused of selling these, or any other counterfeit legal tender, via Silver Stackers, the owners of this forum will fully cooperate with the Australian Federal Police in the investigation of the alleged crime.
There will be a ZERO TOLERANCE policy for the trade of these counterfeits on this forum, and confirmed sales of counterfeits via this forum will result in reports being made to the AFP. Silver Stackers will not be party to the trade of counterfeit Australian legal tender.
The photos show the obverse and reverse - a Perth Mint replica.
Now the photos could simply be of a real coin, and different products are supplied. Waiting to see what the member receives.
This is the photo though of the 2011 Gold Kangaroo being advertised on the website:
The black rectangle is where I redacted some identifying information (no point advertising where to get them). As can be seen in the photo, the effigy has an obvious gold-plate appearance, instead of the proof-like mirror finish of a genuine coin. Same discrepancy is visible in a few other photos of the coins, including a bulk shot of them in capsules.
How convincing the silver fakes are is yet to be seen, but I would suspect the same issue - no proof-like finishes on the coin. Still, the word needs to get out as a lot of new buyers won't be aware of the difference.
Another view:
Just to be clear, if anyone posts references to the originating site, either names or links, they will be removed.
Now the photos could simply be of a real coin, and different products are supplied. Waiting to see what the member receives.
This is the photo though of the 2011 Gold Kangaroo being advertised on the website:
The black rectangle is where I redacted some identifying information (no point advertising where to get them). As can be seen in the photo, the effigy has an obvious gold-plate appearance, instead of the proof-like mirror finish of a genuine coin. Same discrepancy is visible in a few other photos of the coins, including a bulk shot of them in capsules.
How convincing the silver fakes are is yet to be seen, but I would suspect the same issue - no proof-like finishes on the coin. Still, the word needs to get out as a lot of new buyers won't be aware of the difference.
Another view:
Just to be clear, if anyone posts references to the originating site, either names or links, they will be removed.
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