press release icon

Anti-Counterfeiting Educational Foundation Helps Rid Marketplace of $1+ Million of Fakes in 2020

by Professional Numismatists Guild (PNG)

Published on December 10, 2020

main image for Anti-Counterfeiting Educational Foundation Helps Rid Marketplace of $1+ Million of Fakes in 2020
Click image to enlarge.


Funded only by donations, the nonprofit ACEF worked with law enforcement agencies in 2020 to protect collectors, dealers and the general public by removing counterfeits from the marketplace.

Press Release Education & Research Authentication Clubs & Orgs Bullion



(Temecula, California) – Funded only by donations, the nonprofit Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) worked with law enforcement agencies in 2020 to protect collectors, dealers and the general public by helping remove from the marketplace over $1 million of counterfeit rare coins and precious metals items, according to a year-end update from the foundation.

Among the cases, ACEF and its Anti-Counterfeiting Task Force (ACTF) assisted Customs and Border Protection investigators in seizing over 1,500 counterfeit silver American Eagles at Dallas-Fort Worth International Airport and aided two investigations by the U.S. Treasury Department’s Office of Inspector General (OIG) involving the seizure of fake rare coins valued at over $450,000.

“ACEF/ACTF has become a central repository for offenses related to counterfeit coins and precious metals. We’ve developed a searchable database for offenses and intelligence information and are continually providing a tool for law enforcement to identify trends, patterns, suspects, manufacturers, as well as uncovering websites and social media platforms offering counterfeits,” explained Doug Davis, ACEF Director of Anti-Counterfeiting.

“The ACEF Task Force has over 80 active cases being reviewed and investigated. During 2020 we assisted law enforcement agencies in locating and seizing over $1 million dollars in counterfeit coins and precious metals,” said Davis who conducted a half dozen anti-counterfeiting seminars for law enforcement officers across the country during the past year.

ACEF also is currently assisting Treasury OIG with three cases involving elderly victims who unsuspectingly bought counterfeit coins housed in fake NGC and PCGS holders sold by a telemarketing firm.

With assistance from the Anti-Counterfeiting Educational Foundation, New Jersey legislators are considering a law that would impose criminal penalties for anyone selling counterfeit coins and precious metals.

“To effectively combat counterfeits, all states need to have statutes that address counterfeit coins and precious metals and provide criminal penalties. This would allow local, county and state law enforcement officers the tools to investigate, arrest and prosecute counterfeit coin and precious metal cases at a state level. ACEF is in the process of identifying states that do not have current statutes and providing legislators with a model bill for review and adoption,” said Davis.

“The work of the Anti-Counterfeiting Task Force is supported entirely by donations made to the Anti-Counterfeiting Educational Foundation, a non-profit corporation,” emphasized ACEF Executive Director Robert Brueggeman. “The donations, large or small, are making a difference to help prevent collectors, dealers and the general public from becoming victims of fakes.”

Monetary contributions can be made online at www.acefonline.org/donate or by check mailed to ACEF, 28441 Rancho California Rd., Ste. 106, Temecula, CA 92590. For additional information about donating, contact ACEF Executive Director Brueggeman at info@ACEFonline.org.



Visit these great CDN Sponsors



Leave a comment

Please sign in or register to leave a comment.

Your identity will be restricted to first name/last initial, or a user ID you create.
Comment   

Comments (1)

  • avatar image
    Frederick Beihl Reply

    A few years ago my business recovered over $5,000.00 worth of coins that were stolen by an employee of the USPS. The coins were intended to be sold to help pay for my son’s college tuition, and were on the way to NGC to be certified. Thanks to Doug Davis of NCIC and the dealer community along with local law enforcement this recovery was possible. Anti-counterfeiting is another aspect that must be battled with a cooperative effort. ACEF with Doug Davis as director can help with this task (www.ACEFonline.org). When counterfeits come my way I try to get photographs of the coin and suspect to alert the dealer community via the ACEF platform to share intelligence. I understand that someone may not be aware that their coin is a counterfeit, however, if they move along to the next dealer after being told it is a counterfeit they are just as bad for preying on the uninformed or unaware hobbyist or dealer. I recommend this site, and research material like: Bill Fivaz’s Counterfeit Detection Guide, and Whitman’s publication by the same author: United States Gold Counterfeit Guide. Explore the diagnostics of the genuine coin, and learn the diagnostics commonly seen on counterfeits. Consider having your key date coins certified now prior to selling or upgrading your collection to avoid your disappointment or the bad news to your heirs in the future. Fred Beihl, Rare Coins, ANA #3166770.

    Saturday, December 12, 2020 12:13 PM EST

    Please sign in or register to leave a comment.

    Your identity will be restricted to first name/last initial, or a user ID you create.
    Sign In/Register