Dang, this is funny. Not for the guy selling the coins, but simply just how gullible people really are.
I was selling iPod replicas a few years back on gaybay.
I sold around a 1,000 which were dropshipped.
I even put in the description 'genuine ipod replica' and people STILL paid for them.
He will get his PayPal account frozen, but if the guy can prove that he has not done anything wrong, they may unfreeze it. The only problem I can see is that he put 'undated' in the item description when it had a date on one side.
In the UK he could be prosecuted under the Trade Descriptions act, but I really do doubt it. And if he did, he would only have to pay the money back, which pisspal would do for him anyway.
If the boys in blue did come knocking well, lets face it, this is the uk and the laws are piss poor. He MAY get done for fraud, but in the uk he'll be unlucky to be prosecuted and if he does get a sentence-say 6 months, he'll probably get it reduced for good behaviour etc. to 3 days.
If you think how many peeps are fiddling the system on gaybay, well it beggars belief.
Ebay account suspended, pisspal account frozen - thats it.
Hey, think i've got some new 20ps somewhere - now where did i put them?