This bill establishes the crime of selling counterfeit items, specifically targeting fraud related to gold, silver, or other precious metals, and introduces enhanced penalties when the victim is a senior citizen. A person would be guilty of a third-degree crime if they engage in deceptive practices such as misrepresenting the composition of coins or bullion, falsely claiming professional grading, or altering coins to inflate their perceived value. The bill also mandates that convicted individuals pay restitution to victims amounting to three times the damages incurred.

Additionally, the bill stipulates that if the victim is a senior citizen, defined as someone 62 years of age or older, the defendant must serve a mandatory prison term that is at least one-third to one-half of the imposed sentence or one year, whichever is greater, and they would be ineligible for parole during this time. The bill clarifies that convictions under this statute will not merge with other offenses, ensuring that offenders face separate penalties for each crime committed.