The Numismatic Bibliomania Society

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V11 2008 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 11, Number 44, November 2, 2008, Article 24

CHINESE DEALER IN FAKE COINS SENTENCED TO JAIL

Bill Snyder forwarded this article with a new development in the tale of Chinese fake coin factories.
Chinese fake antiques,jpg A fake ancient coin dealer was sentenced to three years in jail and fined at a Nanjing court days earlier, causing an uproar in the collections society of whether the cultural relics market should observe the modern business norm of credit.

According to a report in the Market News, the Nanjing citizen surnamed Qin, sold 110 counterfeit ancient coins at 400 yuan each, claiming they were unearthed from a construction site. Qin pleaded not guilty of deceit, as there's an unspoken rule in trading antiques that it is the buyer's responsibility to determine the authenticity of the pieces.

An industry insider says it isn't deception to sell fake articles or deny returned goods on the collection market. People in this domain rely on their knowledge and experience to sort out masterpieces, and enjoy evaluating and differentiating antique articles, a shopkeeper at Nanjing Ancient Relics Market said.

Experts estimate as many as half of antiques dealers would face jail terms in China if the country punishes them using current laws for common businesses, and more astonishingly, Professor Yang Jingrong, a pottery expert at the Forbidden City, said during an interview with the Beijing Morning News that 95 percent of all articles on the antiques market were fakes.

To read the complete article, see: Should fake antique dealers be punished? (http://www.chinadaily.com.cn/china/2007-02/27/content_814924.htm)



Wayne Homren, Editor

Google
 
NBS (coinbooks.org) Web

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V11 2008 INDEX       E-SYLUM ARCHIVE

Copyright © 1998 - 2024 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster
coin