Interesting - I was actually reading about that ring scam yesterday I saw that they actually manufacture tons of them in Paris and stamp things like "24K gold" into the band so that the potential mark will see it and think they really hit it big, and be more likely to give them some money. Naturally it's just an impression in the metal, not an actual indication of what it is.
The ring scam, though, I'm less likely to feel bad for the person. It's natural greed that got them burned (they were trying to make a profit on a 'found' ring, generally) instead of simple diversion and pickpocketing or threats of force, which makes me feel really bad for the people.
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