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U.S. Customs seizes nearly $12 million in fake championship rings
Championship rings are the goal for just about every player in a sports league, and they’re also highly prized by collectors to the point that they can sell for well into five figures when they hit auction.
Naturally, that’s going to lead to a hefty counterfeit market.
That market reportedly got a little smaller last month when U.S. Customs and Border Patrol seized 177 counterfeit championship rings estimated to have a total retail price of $11.7 million, officials announced Tuesday. That works out to roughly $66,000 per ring.
The seized rings, reportedly shipped in from China and discovered at JFK Airport, infringed on the trademarks of the NFL, NBA, NCAA and MLB. The teams with bogus rings included the New York Yankees, New England Patriots, Chicago Cubs, Philadelphia Eagles and many, many others.
“Every day CBP Officers protect the American public and its economy,” CBP New York field office director Troy Miller said in the release. “This most recent interception of counterfeit sports rings demonstrates the ongoing vigilance and commitment to the mission by our CBP Officers and Import Specialists.”
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