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

1. (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. (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. (1) a class C felony if the value of what the object purports to represent is $750 or more;
2. (2) a class A misdemeanor if the value of what the object purports to represent is $250 or more but less than $750;
3. (3) a class B misdemeanor if the value of what the object purports to represent is less than $250.