Central bank warning： these ＂commemorative coins＂, counterfeit money!
CCTV News:Some commemorative coins in the market, known as "the producer of the People’s Bank of China", are suspected of false advertisements. Recently, the People’s Bank of China issued an early warning of false information about coins to remind the public. According to the reporter’s investigation, there are still some enterprises and individuals selling "Gui Li Commemorative Coins" named by the central bank.
The central bank issued an early warning message: these commemorative coins are fake!
On January 4th, the Business Management Department of the People’s Bank of China (Beijing) issued a false information warning for coins, saying:
Recently received feedback from the masses, some websites and mobile phone clients posted advertisements, claiming that "the central bank started" and "the People’s Bank of China supervised the production", involving commodities including:Founding ceremony Commemorative Coin, Great Power Rise Commemorative Coin, Glory Chinese Gold and Silver Coin. These are all false advertisements. The People’s Bank of China has never issued or supervised the above commodities.
To this end, some people have been deceived and suffered economic losses. The business management department of the People’s Bank of China has handed over the relevant clues to the market supervision and management department for handling.
Survey: Counterfeit coins are still sold online.
The reporter’s investigation found that there are still some enterprises and individuals selling counterfeit commemorative coins named by the central bank. These sellers claim that the commemorative coins are issued or authorized by the People’s Bank of China, and the circulation is limited. Each person is limited to two sets, and the price of commemorative coins is generally lower than the face value or issue price.
Among many "counterfeit commemorative coins", glory Chinese gold and silver coins are one of them. The reporter noted that on November 15th, 2018, the People’s Bank of China issued the Announcement of Commemorative Coin Issuance to Celebrate the 40th Anniversary of Reform and Opening-up. The contents of the announcement include the patterns, specifications, circulation, coinage units, sales channels, distribution methods and anti-counterfeiting features of gold and silver commemorative coins. In contrast, the announcement of the issuance of gold and silver investment coins commemorating the 40th anniversary of reform and opening-up in Glory China is too simple, which only contains the introduction, exchange price and circulation of commemorative coins.
According to the seller’s claim, each set of gold and silver investment coins commemorating the 40th anniversary of China’s reform and opening-up, with the original price of 800 yuan and the current price of 600 yuan, includes six 100 yuan coins with a diameter of 40mm and one 200 yuan coin with a diameter of 70mm. "Issued by the relevant authoritative units authorized by the People’s Bank of China, produced under the supervision of China Coin Museum, and cast by Shanghai Mint", each collection is equipped with precious metal detection certificate, production certificate, collection certificate, anti-counterfeiting certificate and collection ticket, and 2018 sets are issued nationwide, and each person is limited to 2 sets.
The seller said that this set of investment coins has the collection value and appreciation space, and only sold 600 yuan during the activity, which has more appreciation space. "If you order, please do it as soon as possible, because the sales of this set of things are hot, and there is not much feedback from the warehouse just now, and it may be out of stock tomorrow and the day after tomorrow." At the same time, the seller also said that this set of coins can not be exchanged for money in the bank, but can be transferred to other Tibetan friends.
There is another fake commemorative coin named "1 kg commemorative silver coin of founding ceremony" on the Internet. The customer service claims that this commemorative coin is pure silver, "issued and minted by the People’s Bank of China in conjunction with Shanghai Mint Co., Ltd.", which has collection value and appreciation space. It can be collected by itself or sold to others. "Everyone can only collect two sets, but not every consumer who places an order can buy them. They need to be screened by the system before they can be delivered. After about 3 days, they can receive commemorative coins and pay on delivery."
Expert: Suspected of false advertising and fraud
As for the appearance of "Gui Li Commemorative Coin", senior professionals in coin collection introduced that commemorative coins are divided into ordinary commemorative coins and precious metal commemorative coins. At present, all ordinary commemorative coins issued in China have a face value of 10 yuan or less, also known as circulating commemorative coins, which are equivalent to RMB and have little premium space, so most counterfeit commemorative coins are often precious metal commemorative coins. The face value of precious metal commemorative coins is only symbolic and cannot be used in circulation, so it has certain collection value.
Then, is it fraud or counterfeiting that the seller releases information to induce consumers to buy currency that is not issued or supervised by the People’s Bank of China? What legal responsibilities will you bear?
According to legal professionals, the People’s Bank of China is the only issuer of precious metal commemorative coins, and the central bank issues the issuance plan every year. The seller’s publication of such "commemorative coins" through the Internet is a fictional fact, concealing the truth, defrauding consumers and being suspected of publishing false advertisements. If the seller sells these "commemorative coins" to consumers and defrauds consumers of money, it may be suspected of fraud.
Reminder: beware of "cash on delivery" goods
The business management department of the People’s Bank of China reminds the masses, especially the elderly consumers, to be cautious in participating in coin collection, to raise their awareness of self-protection and not to believe in relevant advertisements. Be especially wary of goods sold by "cash on delivery". Please report to the market supervision and management department in time if you find similar false advertisements.
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In 2019, there are 13 items and 66 varieties of precious metal commemorative coins.
On January 10th, the People’s Bank of China announced the issue plan of precious metal commemorative coins in 2019, including 13 projects and 66 varieties.
These 13 projects are:
2019 Panda Gold and Silver Commemorative Coin, 40th Anniversary Panda Plus Silver Commemorative Coin, 2019 Lunar New Year Silver Commemorative Coin, 2019 Auspicious Culture Gold and Silver Commemorative Coin, 2019 Beijing, China World Horticultural Exposition Precious Metal Commemorative Coin, China Calligraphy Art (Lishu) Gold and Silver Commemorative Coin, 70th Anniversary of the Establishment of Diplomatic Relations between China and Russia, World Heritage (Pingyao Ancient City) Gold and Silver Commemorative Coin, The 7th military world games Gold and Silver Commemorative Coin, the 70th anniversary of the founding of People’s Republic of China (PRC), the centenary of the founding of Nankai University, the 2019 Beijing International Coin Expo and the 2020 China Gengzi (Rat) Year.