A man charged with selling allegedly counterfeit coins in fake
Numismatic Guaranty Corp. and Professional Coin Grading Service
holders to pawn shops in the Minneapolis area will get his day in
Minnesota state court Sept. 25.
Eric Michael Johnson, 28, from Waite Park, Minnesota, is named in a
July 31 complaint filed in Minnesota’s 7th Judicial District in
Stearns County, charging him with one felony count of theft by swindling.
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If convicted, Johnson faces a maximum sentence of up to five years
in prison and/or a fine of up to $10,000.
The alleged offenses, according to the complaint, transpired between Aug. 18, 2016, and
Jan. 20, 2017.
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The offenses allegedly took place at Pawn America shops in Anoka and
St. Cloud, and a Max It Pawn shop, also in St. Cloud.
The total value of the sales is purported to have been $4,340.50.
The counterfeit coins alleged to have been involved in the
transactions, as well as the counterfeit grading services holders in
which they were encapsulated, are:
➤ 1929 $5 Indian Head $5 half eagle, PCGS Mint State 62.
➤ 1902-S Coronet $10 eagle, NGC MS-63.
➤ 1909-O Indian Head half eagle, PCGS About Uncirculated 58.
➤ 1902-S Coronet eagle, NGC MS-65.
➤ 2014 gold American Eagle, NGC Proof 70.
➤ 2014 gold American Eagle, NGC holder.
The value alone of a PCGS MS-62 1929 Indian Head half eagle, if
genuine, is $42,500.
Johnson was arrested Feb. 27, 2017, at the Pawn America shop in
Anoka by Minnesota Department of Commerce Special Agent Joseph K. Boche.
Boche was coincidentally at the pawn shop to pick up surveillance
video to corroborate Johnson’s alleged earlier sales when a shop
employee alerted the investigator that Johnson was in the store trying
to sell an NGC MS-69 Australian 2009-P Kangaroo $100 coin.
The coin and holder were both subsequently determined to be
counterfeit. The issue is supposed to be a 1-ounce .9999 fine gold piece.
In a Mirandized statement, according to the July 31 complaint,
Johnson admitted to purchasing coins on the Chinese website, Aliexpress. A
check of the website on Aug. 30, 2017, by Coin World found
offers of 2015-dated Australian $100 “replica copy” gold pieces for $3
each, but the pieces bore no markings indicating they were copies.
The pieces bear the designs and weight and gold fineness legends of
the genuine issues.
According to the complaint, Boche’s investigation was triggered Feb.
16, 2017, when he was notified by a collector that the 1909-O half
eagle he had purchased for more than $5,000 in a PCGS holder from Pawn
America in St. Cloud had turned out to be counterfeit, as was the holder.
The collector informed Boche he had fallen on the ice on his way
home after his purchase, and the corner of the coin holder was broken.
When he brought the piece to Central States Coin shop to resubmit it
to PCGS for reholdering, he learned the coin and holder were both counterfeit.
An unnamed member of the Industry Council for Tangible Assets
Anti-Counterfeiting Task Force played a role in Johnson’s apprehension.
“While this may appear to be a small case, it is important to
understand that this type of illegal activity is happening throughout
the United States,” said Beth Deisher, director of anti-counterfeiting
at the Industry
Council for Tangible Assets. “The ease with which dishonest
people can order counterfeit coins and bars from China and sell them
in the United States makes it a crime of opportunity.”
Deisher noted that coins offered at below market value, particularly
from a Chinese seller online or from unfamiliar sellers in the United
States, have a high probability of being counterfeit.
“It’s best to deal with professional coin dealers whose credentials
you can check and from those who have been in business for years,”