Bill Would Outlaw Fake Slabs|
August 02, 2013
For decades after its passage as public law 93-167, the U.S. House of Representatives on July 30 passed a major revision to the “Hobby Protection Act,” which principally relates to unauthorized reproductions of American coinage rarities and political posters.
Eyes now shift to the Senate.
The bill addresses nagging, but contemporary problems, of individuals who not only make unauthorized reproductions, but who intentionally offer them for sale in phonied up coin slabs.
The legislation, H.R. 2754, was introduced just the week before in the House.
The Hobby Act amendments make it a violation “for a person to provide substantial assistance or support to any manufacturer, importer, or seller” if that person knows that the manufacturer, importer, or seller is engaged in any act or practice that violates the act. It applies the helper “should have known” legal principle.
False “slabbing” would also be punished. “Collectibles certification service means a person recognized by collectors for providing independent certification that collectible items are genuine.”
If slabs are copied it would violate the proposed amended act and also would violate trademark law. Civil penalties are provided, including a right under the hobby act for a collector to be a “private attorney general” and bring a claim against the perpetrator.
Note: Slab shown here is genuine.
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