The Hess auction house, which sells the world’s rarest coins and precious metal objects, is facing allegations of fraud and breach of trust after it emerged that it had failed to deliver a shipment of coins that it claimed it was entitled to deliver.
The items were allegedly purchased through an intermediary.
Hess, which operates in the United Kingdom, said the coins were being sold by the company for the value of up to £5,000 each.
The company also said the counterfeiters had failed in their obligations to protect the authentic coins.
Heres a look at some of the items that have gone missing, including a Roman bullion coin that was used to fund the Roman Empire.
The Heys said it had been in the possession of a third party since the sale of the coins was made, but that it was now in the hands of an Australian company and that the Australian company had been instructed to keep the counterfeit coins at a safe place.
Heys, which was founded in 2009, has had to settle fraud and counterfeit claims with the United States and Australia, but it said it was unlikely to make any further admissions of wrongdoing.
He was accused of selling the coins for £5k each.
“I do not intend to give any further information or comment on this matter,” the company said in a statement.
Heiss said the stolen coins were “a genuine investment in the future” and would be used by people “who would like to see Hess as a reliable and trusted provider of precious metal for investment purposes.”
The company said it “has been notified” of the claims, which were made on behalf of a customer who wanted to buy a piece of Heys’ rare coin collection.
A spokesman for the company told Reuters that he could not comment on the investigation.