As the tide of the civil war began turning against them and victory by the Chinese Communist Party looked inevitable, Chiang Kai-shek and the Kuomingtang decided to activate their insurance policy: a small island that had only recently been returned to them following Japan’s surrender in World War II.
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The phrase “buyer beware” may not have been invented for people shopping in China, but it might as well have been.
After all, China is infamous for its pirated products. Whether its movies, software, watches, luxury goods, or toys (and at one point, music – but that seems to be changing – although that’s only because they haven’t figured out how to pirate Pandora or Spotify yet), Chinese counterfeiters make fake versions of almost any consumer good imaginable. In fact, some enterprising Chinese pirates have moved on from the consumer goods market, setting up things like fake Ikeas and Apple stores, and even fake law firms. Thanks to lax copyright law enforcement, pretty much the only thing in China that hasn’t been illegally copied and then passed off as the real thing has been the Great Wall (and give them time – someone will probably figure out how to do it). That’s why, when a hoax story about fake pork buns with cardboard inside made the rounds on the Internet a few years ago, everyone believed it.
All of this is just a roundabout way of saying: “Don’t buy coins from China – because they’re probably fake.”
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About Me:
- Former Lawyer.
- Current Journalist/Writer/Editor.
- Author of "Nixon in New York: How Wall Street Helped Richard Nixon Win the White House," published in 2018.
- Husband, father and dog-lover.
- Pittsburgh Steelers fan. Manchester United supporter.
- Chicago via Pittsburgh, New York City and several others.