Hand It Over !! U.S. Coins That Could Be Deemed Illegal To Own

Actually they were Seized by the U.S. Mint because they found out they were going to be Auctioned so then they were returned.

 

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I believe Mr. Norfed went to prison for counterfeiting.

 

It's "Bitcoin" backed by a commodity basically. Feds shut it down. But don't think it was considered counterfeit.

 

He was trying to replace the dollar which is the key word there. He was making an alternate competing currency which 1000% of the time will get the Feds arresting you.

 

The 1974 Aluminum Cent is NOT illegal to own or sell as I understand it...it's the 1974-D that is.

 

All Daniel Carr counterfeits

 

If they wanted to get really technical. The 43 and 44 wrong metal cents. The 70-s half dime dollar and $3. The 84 and 85 trade dollars The 73-cc no arrows dime. And all the type 2 and 3 1804 dollars and gobrecht dollar restrikes among others that have questionable origins

 

She didn't say what mint mark it had.

 

1933 Saints: IMO, the ANA acted disgracefully by accepting the coins at the 2006 ANA convention and taking "no position" on ownership. That was gutless and wrong. I'll bet that if some of the ANA Board's members had THEIR coins seized, they'd take a damn position.

 

What about the hennings nickel?? He made counterfeits and was arrested. He made a lot of the and it was collectors from what I read that got him caught up...

 

If it's a counterfeit coin, then having it seized isn't a suprise.

OTOH, the Omega Saints haven't been seized. Hmmmm.....

 

The law makes all patterns after 1896 strictly government property and illegal to own. But there are a fair number of them out there in the market and the government rarely goes after them. They have on a few occasions.

He was convicted under the anti counterfeiting section of title 18 Chapter 25 section 486
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title [1] or imprisoned not more than five years, or both.

The governments official position is that it IS government property and illegal to own. But they have never made any attempt to actually recover it. But if one ever comes up for public auction there is a good chance they would try to have it withdrawn and surrendered to the SS.

 

Most likely one of the plated cents (and their name is Legion) that are out there.

 

He was convicted under the anti counterfeiting section of title 18 Chapter 25 section 486
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title [1] or imprisoned not more than five years, or both.



They weren't considered counterfeit. But thanks.

https://www.gainesvillecoins.com/blog/government-liberty-dollars

 

That's what I thought too, except she said it didn't have the weight like a regular cent and sounded different when she dropped it on the table. Like I wrote, I have no way of verifying the coin as she was too afraid to show it to me.

 

Really ? I think about a million 1974's were produced. None has surfaced except in museums....the grading services haven't graded any ?

I would think if the Fed wanted them, they'd go after them BEFORE an actual auction if they knew they existed.

 

How many times have people come on the forums claiming to have an aluminum cent and saying "it FEELS much lighter than a regular cent and it doesn't sound the same when dropped." But when we finally get them to actually weigh the coin it ends up weighing 3.1 grams and is just a plated cent. It happens a LOT. I don't think she was trying to mislead you, but people tend to "see" and "feel" what they expect to. Ssame thing happens a lot with people who think they have a "silver" cent. Many say it is clearly heavier, until they actually weigh it. You can't trust your senses.

Yes 1.5 million pieces were made as a test run to make sure the equipment could process them. It is believed all of those were destroyed. The existent 74 aluminum cents came from a different source. When the Mint was testifying before the Congressional committee on coinage on the aluminum cent proposal, examples were passed out among the committee members. After the hearings were adjourned it was discovered that 10 or 12 pieces had not been returned. One of these turned up a few years later when the Congressman left office and one of his aides found the coin in the Representatives desk while cleaning it out. Rather than turn it over to the Mint for destruction, he sent it to the Smithsonian. That was how they got their specimen, the mint did not send them one.

A second piece, the Toven specimen, has this for its story. Supposedly one of the Capital police observed a Representative pull something out of his pocket and what appeared to be a dime fell out. The officer picked it up and tried to return it to the Congressman who told him to just keep it. Later the officer discovered it was a 1974 aluminum cent. They kept it for many years and eventually the family submitted it to ICG for authentication and slabbing. It was slabbed as an AU-58. About a year later it was resubmitted, this time to PCGS and was slabbed as MS-62. The piece is still held by the Toven family and even though the government says it is their property and illegal to own, they have made no attempt to recover the Toven coin.

Those are the only two KNOWN specimens. There may be others still being held by Congressmen or their families. Or they may just be lost.

 

$10 1933 Indian Head Eagles: Does anybody collect Indian Heads and know the story of the 1933's ?

I know 4 or 5 left the Philly Mint through "legit" means and the PCGS/NGC count is about 35, but is that number inflated by crack-outs or double-counts ?

 

Yes, I understand all of this. I was just telling what happened to me, and as originally stated, I didn't see it.

 

Basically everything in the population guides is inflated by that to some extent. There's definitely some in the NGC count that are in PCGS holders now