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Thread: US coins that are illegal to own?

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    U.S. Money Collector Magman's Avatar
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    US coins that are illegal to own?

    I was thinking about it, but I realized, I only know of 2 coins that are illegal to own. The 1933 20$ gold, and the 1974 Aluminum Cent.

    Are there any others?

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    Numismatist
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    1964 D peace dollar, 1974 copper clad steel cent, 1975 aluminum cent, 1877 quintuple eagle in gold. At one time the government held that coins not conforming to the Act of 1873 were illegal which led to the confiscation of some error coins.
    Slab collector and researcher
    reported as of 12/29/06
    132 companies 332 production varieties

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    Supporter! mrbrklyn's Avatar
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    Click here to enlarge Originally Posted by Conder101 Click here to enlarge
    1964 D peace dollar, 1974 copper clad steel cent, 1975 aluminum cent, 1877 quintuple eagle in gold. At one time the government held that coins not conforming to the Act of 1873 were illegal which led to the confiscation of some error coins.
    is there proof of there being any 64 Peace dollars?

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    Supporter** Mr. Coin Lover's Avatar
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    Peace Dollar

    No there isn't. The way I understand it the mint employees that wanted to purchase them had already done so, and then had to turn them back in to the mint. The mint employees tossed them into a basket or something and the melt-down was done by weight, not an actual coin count. There are a lot of theories or stories that some employees tossed in a few Morgans instead. The same also applies that some congressmen or senators were given coins as often happens and they kept them. Obviously if there are any, there are speculated to be one of the most expensive coins ever minted. With that being said if there are any, it is surprising none have ever turned up in Europe or Asia in a collection where it would not be against the law to own.Click here to enlarge

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    Expert Plunger Sniper RickieB's Avatar
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    Any of the (12) .9167 Gold Sackies that went up in the Space Shuttle!

    RickieB
    Last edited by RickieB; 11-09-2008 at 08:59 AM.
    Best regards,

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    Supporter** Mr. Coin Lover's Avatar
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    I know nothiing about currency except some of them are IMO works of art and you certainly have some. Looks good.Click here to enlarge

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    Immodestrator scottishmoney's Avatar
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    Click here to enlarge Originally Posted by RickieB Click here to enlarge
    Any of the 12 .999 Gold Sackies that went up in the Space Shuttle!

    RickieB
    Should legalise them and auction them off to pay off the national debt. The government should start operating like a corporation and be responsible to it's stockholders - the American people. When they create treasures and tell you you cannot possibly own them, then something is wrong with the government and it is out of touch and needs to be flushed.
    All gave some, some gave all - Remember The Heroes!

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    I'M LEGEND kidromeo's Avatar
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    Question

    Can someone explain why the coins mentioned in this thread are illegal to own or post any link?
    All I know that the 1933 double eagle is illegal.
    Thanks

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    Expert Plunger Sniper RickieB's Avatar
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    Click here to enlarge Originally Posted by kidromeo Click here to enlarge
    Can someone explain why the coins mentioned in this thread are illegal to own or post any link?
    All I know that the 1933 double eagle is illegal.
    Thanks
    http://www.smalldollars.com/dollar/page20b.html

    Here ya go Kid..

    RickieB
    Best regards,

    RickieB

    Former U.S.M.C. 0311

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    U.S. Money Collector Magman's Avatar
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    Click here to enlarge Originally Posted by RickieB Click here to enlarge

    that doesnt say they're illegal though. It just says they're not meant for the public Click here to enlarge

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    Member Tallbassguy's Avatar
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    Click here to enlarge Originally Posted by Magman Click here to enlarge
    that doesnt say they're illegal though. It just says they're not meant for the public Click here to enlarge

    yeah....what he said!

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    Numismatist GDJMSP's Avatar
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    Click here to enlarge Originally Posted by kidromeo Click here to enlarge
    Can someone explain why the coins mentioned in this thread are illegal to own or post any link?
    All I know that the 1933 double eagle is illegal.
    Thanks
    For the most part because the coins were not released by the mint. In the case of the '74 aluminum cents, they were gievn to members Congress but the Congressmen were supposed to give them back. Same for the '64 Peace dollars, they were supposed to give them back.

    Now some would say what about patterns, the '94-S dime etc. They weren't released by the mint either. But in a way they were, somebody at the mint had to release/sell them to somebody else. So perhaps that is why there is no issue with these coins.
    knowledge ..... share it

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    Moderator De Orc's Avatar
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    Why on earth were they given to someone, then they were suppose to give them back!! or am I missing something here?
    My Notes 1176 to date 02/06/09 http://www.banknotebank.com/?collection=De-Orc

    My Coins 2168 to date 02/06/09 http://www.omnicoin.com/?collection=De-Orc

  14. #14
    Coin Collector
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    I'll be silly as I don't quite understand - why make so much fuss about the status of such coins? Is it because it undermine the mint policies?
    My partial list of coins: Omnicoin

    My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month.

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    Moderator CamaroDMD's Avatar
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    Isn't there one legal 1974 Aluminum cent out there slabbed and legal to own...sort of like there is one legal 1933 Double Eagle?

    Click here to enlarge Originally Posted by GDJMSP Click here to enlarge
    Now some would say what about patterns, the '94-S dime etc. They weren't released by the mint either.
    Was the 1894-S dime a pattern? I know it had a very small mintage (24?) but I never knew the story behind it. You make it sound like it has a similar story behind it, sort of like the 1913 Liberty Nickel.

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