Skip to comments.Fake certified coins could cost Burnsville coin firm
Posted on 04/07/2011 4:31:50 PM PDT by DeaconBenjamin
Robert Webber says he spotted the 1845 U.S. silver dollar as a Chinese counterfeit the minute he saw it.
Webber, of Goldsboro, N.C., returned the bogus coin to Burnsville Coin Co. last year for a refund of $449. He included a note warning that the other two coins he had ordered, at a cost of $12,400, must be certified as authentic by the Professional Coin Grading Service (PCGS) -- or else.
It appears that Burnsville Coin owner Barry Skog is about to find out what that means.
Webber said the other coins he received -- 1851 and 1858 silver dollars -- not only were fakes, but also were encased in counterfeit PCGS holders. He showed them to PCGS representatives at a Boston coin show last year, and its parent company, Collectors Universe, filed suit against Skog and his company in a California federal court alleging trademark infringement.
Skog never formally responded to the charges; a handwritten denial he sent to the judge last month was rejected as improper. The clerk of the court declared Skog in default. Collectors Universe now seeks a judgment against him.
In filings this week, the company asked the court to bar Burnsville Coin from selling coins in counterfeit PCGS holders; to order Skog to turn over all counterfeit coins and holders for destruction; and to turn over all profits his company made by selling any coins in counterfeit PCGS holders. The company also seeks $11,772 in legal costs.
Thursday, Skog wrote that a hearing is pending in California "in which we plan to plead 'Not Guilty' and we have requested a change in venue. We have been in business for over 35 years and sold nearly 5,000 coins last year alone! There is a question on two of them. That should say something!"
(Excerpt) Read more at startribune.com ...
$5 each, or $5 total? Where did you get them?
You can verify a graded coin. The coin at the top of the page doesn’t verify. Also there’s a holographic image on the back of the coin holder that’s not easy to duplicate. I bet that’s how the person knew the holders were fake.
$5 each, while I was in Vancouver and don’t remember just which year.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.