7 Signs You Are Buying a Counterfeit Product

You love the finer things in life -- designer clothing, precious jewelry and top-of-the-line electronics -- but can't really afford them at retail price.

(Image credit: iStockphoto)

You love the finer things in life -- designer clothing, precious jewelry and top-of-the-line electronics -- but can't really afford them at retail price. So you take to the internet or pound the pavement in a sketchy downtown shopping district in search of deep discounts. You, dear reader, are a counterfeit merchant's dream come true.

The counterfeit market is big business for scammers looking to take advantage of consumers by selling low-cost, low-quality replicas of luxury goods and brand-name products. Last year, the number of counterfeit seizures by U.S. Customs and Border Protection (CBP) totaled 31,560 -- up 9% from 28,865 in 2015. The most popular product categories on the CBP's seizure list include apparel and accessories, electronics, footwear, watches and jewelry, and handbags. The total estimated manufacturer's suggested retail price for those items (if they were authentic) was $1.4 billion, according to the CBP.

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Andrea Browne Taylor
Contributing Editor

Browne Taylor joined Kiplinger in 2011 and was a channel editor for Kiplinger.com covering living and family finance topics. She previously worked at the Washington Post as a Web producer in the Style section and prior to that covered the Jobs, Cars and Real Estate sections. She earned a BA in journalism from Howard University in Washington, D.C. She is Director of Member Services, at the National Association of Home Builders.