Would it be legal to sell replicas online and state that they are replicas?
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I did this for a few months two years ago, and then I sold my Web site. It's fun selling online and I would like to do it again, but first I want to do the right thing.
Although your purchasers would doubtlessly appreciate your gesture, two wrongs wouldn't make a right in the case of advertising replicas as replicas. Most laws concerning counterfeits target the production end of the counterfeiting process, so circulating an already illegal product--regardless of how you advertise it--is dangerous.
Familiarize yourself with the policies of the United States Patent and Trademark Office (www.uspto.gov), and when in doubt, avoid selling counterfeits.