Early July of 2006, I won a Michigan National Note, The Peoples State Bank of Jackson Michigan which turned out to be a contemporary counterfeit. All said and done for the $713 winning bid, the seller refused to refund my money back through paypal. To get justice on this seller, here is what I did;
FIRST: I filed a complaint with the United States Postal Investigators for "Fraud through the mails" and " Larceny by Converson" because when I returned the note to the seller, he relisted it on ebay and sold to another collector and never refunded me initially, so in legal terms, that note was not his to resell because he never refunded me on the original transaction.
SECONDLY: I went directly to the Treasury Secret Service. With all said and done, the Secret Service in California has a special task force that works in relation with ebay on criminal matters such as this.
FINAL OUTCOME: This seller is currently being prosecuted, not for the counterfeit note itself, but as all buyers of legal tender money that is collectable, it is the " Sellers " responsibility to make sure that the currency is "genuine",...........if it is not, then the buyer can demand by reason and therefore the seller must make a refund, but only providing that the seller never mention the word "contemporary counterfeit" or "counterfeit" in his description.