If genuine, the intercepted counterfeits would have a retail value of about $2 million
(Temecula, CA) June 1, 2021 – Representatives of the Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) and its Anti-Counterfeiting Task Force (ACTF) on the request of the Secret Service provided on-site numismatic expertise to federal law enforcement agents in the Los Angeles area who seized more than 40,000 fake Morgan and Peace dollars, American Eagle silver bullion coins and $2½ Indian Head gold coins.“The counterfeits were intercepted from overseas shipments and seized during a two-month joint investigation by the Secret Service and U.S. Customs and Border Protection,” explained ACEF Anti-Counterfeiting Director Doug Davis who flew from Dallas, Texas to California to assist investigators.
He and task force volunteer Lee Minshull of Palos Verdes, California, a long-time member of the Professional Numismatists Guild (www.PNGdealers.org), met with federal investigators at the International Mail Facility in the Los Angeles suburb of Torrance, California. That is where approximately 1,700 packages of seized counterfeit coin shipments were stored.
“There were numerous wheeled carts filled with packages that contained coins seized during the eight-week targeting operation. We were told that each package contained an average of 27 to 32 coins, all of them counterfeits,” said Davis.
“The quality of the hundreds of counterfeits we personally examined varied from good to very good, especially the counterfeit silver American Eagles,” stated Minshull.“It appears that the fakes we saw probably were made by three different counterfeit manufacturers. If they were genuine, the retail value of these 40,000-plus coins would be over $2 million,” added Minshull.
Davis said the coordination between ACEF/ACTF, Secret Service, and Customs and Border protection “provided valuable intelligence information that supports our work in exposing the widespread proliferation of counterfeit coinage and precious metals into the U.S. marketplace. Most importantly the success of this operation provides us with evidence to continue educating the higher-up administration within Secret Service, Customs and Border Protection and other law enforcement agencies about the growing problem of counterfeits.”
He added: “We will be providing Secret Service with a report of our evaluation. Secret Service was very appreciative of our assistance and willingness to travel at short notice to assist in the investigation. We could not say anything publicly about this operation earlier until federal agents finished part of their investigation.”
This is only one of many cases during the past 12 months in which ACTF has provided numismatic experts to assist Secret Service and other Federal law enforcement agencies on counterfeit cases stretching across the United States.
“ACEF is playing an important role in aggressively identifying counterfeit manufacturers, organized groups, individuals, e-commerce, and social platforms selling counterfeit coins and precious metals. Most importantly, is the resources and experts ACEF has at its disposal to assist local, state, and federal agencies during the investigative process and enhances expeditious indictments and prosecution,” Davis emphasized.
The Anti-Counterfeiting Educational Foundation and its volunteer task force depend entirely on the support of the numismatic profession and the hobby community. ACEF is a 501(c)(3) non-profit corporation.
Monetary contributions can be made online at www.acefonline.org/donate or by check sent to ACEF, 28441 Rancho California Rd., Ste 106, Temecula, CA 92590.
For additional information, contact ACEF Executive Director Brueggeman at email@example.com.