(a) A person commits the crime of criminal simulation if,


(1) with intent to defraud, the person makes or alters any object in such a manner that it appears to have a rarity, age, source, or authorship that it does not in fact possess; or


(2) with knowledge of its true character and with intent to defraud, the person possesses or utters an object so simulated.


(b) Criminal simulation is


(1) a class C felony if the value of what the object purports to represent is $500 or more;


(2) a class A misdemeanor if the value of what the object purports to represent is $50 or more but less than $500;


(3) a class B misdemeanor if the value of what the object purports to represent is less than $50.