Over 70% of antiques on the black market are counterfeits. Traders in the illicit antique market say nearly 30% of the goods offered are counterfeit. There is no law to regulate this in Eastern Europe, says Stefan Proinov.
The free movement of people and goods within the European Union has made the trafficking of antiquities easier and they are easier to travel across Europe. So, in practice, trafficking in counterfeits is also easier.
There are people who specialize in scams with such items or coins and they are masters at figuring out the history of each product.
Big promotions are one of the markets for such counterfeits, but prior to this they have gone through a few bogus deals back in history to obtain a document of origin.