New counterfeit operations have sprung up across the world, particularly in China, where relaxed laws protect these operations from liability. The counterfeiters use clever production methods and cutting-edge die-making technology, creating forgeries that are difficult for most collectors to detect. A wide variety of counterfeit objects are being produced, including U.S. and world coins, paper money, errors, and even slabs. With the assistance of unprincipled dealers and investors, this new material is flooding the market at an astonishing rate, compromising the investments of collectors and the integrity of honest dealers.

Below are some links that look at counterfeiting in greater detail, including an eye-opening article in Coin World exploring how new counterfeit material is produced and finds its way into the United States market. In addition, the ANA will be developing a comprehensive online resource guide, offering counterfeit detection courses at Summer Seminar and conventions, and creating an exhibit exploring modern counterfeiting.

An educated numismatic community is the best defense against this widespread problem; we encourage everyone who loves the hobby to increase their awareness.

• Coin World Article
• ANA Consumer Awareness Page
• U.S. Mint Consumer Awareness Page
• Department of the Treasury, Advanced Counterfeit Deterrence
• Compilation of Articles on Counterfeiting (Robert Matthews)

1. A person should save the online photo of the coin he wants to purchase. Many sellers remove the image and the title of the item once a purchase has been made.

2. A person should get the description and the auction information. It should either be e-mailed to the buyer or sent in writing by mail.

3. If there are suspicions regarding an auction, a person should ask for clarification from to the seller. This will avoid misunderstandings and confusion on the part of the buyer.

4. A person has the right to refuse any transaction where he thinks the price given on the coin is too high. One should be aware of the standard price of the specific coin and compare it to the price that was given during the online transaction.

5. A person can ensure that there will be no fraud by asking the seller, before the auction closes, if there is any available escrow assistance for the bidder.