Lipscombe Auction House in New Zealand has been accused of selling fake rare coins and bullions. A buyer spent nearly $8000 on coins and bullions, only to find out they were all fakes. The buyer refused to complete the sale of $1500, but the auction house took the buyer to a tribunal and won, meaning the buyer has to complete the sale. Experts believe the auction house's actions are unethical, but not illegal. The auction house's terms and conditions state it is not liable for any errors in the condition or authenticity of the items it lists.

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