Metal content?

Discussion in 'US Coins Forum' started by Tre, Dec 9, 2004.

  1. sylvester

    sylvester New Member

    It most certainly would. They used to give people the death penalty for doing that.
     
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  3. satootoko

    satootoko Retired

    I assume that is a code section, but since there are more than 50 governments promulgating legal codes in the United States, most of them with multiple codes, a section number is meaningless without identification of the specific code it is from.
    That doesn't support the statement that
     
  4. Andy

    Andy Coin Collector

    Roy, with your forty years of legal experience I am smart enough to know that I do not want to fence with you with words. However, there has been alot of recent changes within the rules that govern Commerce and Trade. It will take pages to give out all the details but if you want look up title 15, section 243. Both of my comments were "pulled" from there and they were not posted for legal discourse but rather general information in a causal setting for conversational purpose. Now how is that for a disclaimer:)
     
  5. Andy

    Andy Coin Collector

    In the USA, The National Gold and Silver Marketing Act does NOT require precious metals to be marked with quality. However, if a quality mark is used, the mark must be accompanied by a manufacturer's hallmark that is a registered trademark. If there is ever a question about the precious content of a piece of jewelry the manufacturer can be traced using the registered hallmark stamped on the piece. This accountability is particularly important in gold jewelry. A devious manufacturer could mark a piece 18Kt when, in fact, it was 10Kt and worth 1/3 less on gold content alone.

    Sterling Silver is very easy to test. Silver plated brass, Nickel Silver or low quality silver alloys will turn green when a drop of Nitric acid is applied. Sterling will turn a creamy color. When testing suspect goods a small file can be used to cut through any plating or lacquer in an unobtrusive part of the item.
     
  6. satootoko

    satootoko Retired

    I hope you are not recommending that questioned coins be tested that way!
     
  7. Andy

    Andy Coin Collector

    Not mine Roy. :)
    For our
    British friends interest:
    U.S. Code as of: 01/06/03
    Section 293. Penalty for infraction

    Every person, partnership, association, or corporation violating
    the provisions of sections 291 to 293 of this title, and every
    officer, director, or managing agent of such partnership,
    association, or corporation having knowledge of such violation and
    directly participating in such violation or consenting thereto,
    shall be deemed guilty of a misdemeanor, and, upon conviction, be
    punished with a fine of not more than $5,000 or imprisonment for
    not more than one year, or both, at the discretion of the court

    This may seem minor but it opens the door to the Rico Act which is big time in the big house for organized crime.
     
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