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Anti-Counterfeiting Educational Foundation Helps Rid Marketplace of $1+ Million of Fakes in 2020

Funded only by donations, the nonprofit Anti-Counterfeiting Educational Foundation (ACEF) worked with law enforcement agencies in 2020 to protect collectors, dealers, and the general public by helping remove from the marketplace over $1 million of counterfeit rare coins and precious metals items, according to a year-end update from the foundation.

Among the cases, ACEF and its Anti-Counterfeiting Task Force (ACTF) assisted Customs and Border Protection investigators in seizing over 1,500 counterfeit American Silver Eagles at Dallas-Fort Worth International Airport and aided two investigations by the U.S. Treasury Department’s Office of Inspector General (OIG) involving the seizure of fake rare coins valued at over $450,000.

“ACEF/ACTF has become a central repository for offenses related to counterfeit coins and precious metals. We’ve developed a searchable database for offenses and intelligence information and are continually providing a tool for law enforcement to identify trends, patterns, suspects, manufacturers, as well as uncovering websites and social media platforms offering counterfeits,” explained Doug Davis, ACEF Director of Anti-Counterfeiting.

“The ACEF Task Force has over 80 active cases being reviewed and investigated. During 2020 we assisted law enforcement agencies in locating and seizing over $1 million dollars in counterfeit coins and precious metals,” said Davis who conducted a half dozen anti-counterfeiting seminars for law enforcement officers across the country during the past year.

ACEF also is currently assisting Treasury OIG with three cases involving elderly victims who unsuspectingly bought counterfeit coins housed in fake NGC and PCGS holders sold by a telemarketing firm.

With assistance from the Anti-Counterfeiting Educational Foundation, New Jersey legislators are considering a law that would impose criminal penalties for anyone selling counterfeit coins and precious metals.

“To effectively combat counterfeits, all states need to have statutes that address counterfeit coins and precious metals and provide criminal penalties. This would allow local, county, and state law enforcement officers the tools to investigate, arrest and prosecute counterfeit coin and precious metal cases at a state level. ACEF is in the process of identifying states that do not have current statutes and providing legislators with a model bill for review and adoption,” said Davis.

“The work of the Anti-Counterfeiting Task Force is supported entirely by donations made to the Anti-Counterfeiting Educational Foundation, a non-profit corporation,” emphasized ACEF Executive Director Robert Brueggeman. “The donations, large or small, are making a difference to help prevent collectors, dealers, and the general public from becoming victims of fakes.”

Monetary contributions can be made online at www.acefonline.org/donate or by check mailed to ACEF, 28441 Rancho California Rd., Ste. 106, Temecula, CA 92590. For additional information about donating, contact ACEF Executive Director Brueggeman at [email protected].

Anti-Counterfeiting Educational Foundation
Anti-Counterfeiting Educational Foundationhttps://acefonline.org/
The Anti-Counterfeiting Educational Foundation Inc. (ACEF) is a 501 (c) (3) public charity incorporated in the state of Delaware. They work to mobilize law enforcement resources to protect the integrity of U.S. and world coinage by educating officials on the economic impact and growing threat of counterfeit circulating, collectible, and bullion coins. The ACEF seeks to become the primary industry liaison with law enforcement and other government agencies; provide education, expertise, and other resources to law enforcement to curtail the manufacture and distribution of counterfeit coins in the United States; and assist in the prosecution of suspects involved in any aspect of coin counterfeiting. The Anti-Counterfeiting Task Force is a division of the foundation and is comprised of 26 experts who volunteer their time in pursuit of the shared mission.

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