Grade of 1886-O Morgan

agreed.

 

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I have now asked several lawyers about this.... they have told me that as they see it.... the coin/bill is yours and as long as you aren't changing it into something it's not.... IE altering a $10 bill to a $100 bill.... you can do whatever you want to do to it. There very well may be laws against it.. but they are not enforced....

Think about all of the gold plated coins you have seen for sale on TV... you would think that if this was against an enforced law these people would be arrested and locked away... right? Who else breaks the law on TV for the world to see???

 

I have no problem throwing people who whiz coins in jail. They should be punished to the full extent of the law!! :hammer:

 

To a degree this is true LD. Now don't recall the name of the outfit, but while I resided in Colorado, there was a local weekly TV coin auction outfit. I personally had purchased a few coins from them . Low and behold, one was counterfeit and another turned out to be altered. To make a long story short, after much telephone discussions with them to no avail, I went to their studio in colorado and met the Owner/auctioneer. He refunded my money, on the spot. They were later found to have been conducting a fraudulent business operation , and the LAW was enforced.

 

:smile

 

Of course, there was a law passed, I think in 2006, not sure, that stated that it was now illegal to melt down pennies for the purpose of selling the copper bullion. I think the law is funny because they passed it to preserve the pennies in circulation. But, I'm taking these pennies out of circulation....as are many other people. Of course, I'm not melting them down....that's against the law. But, they are now my pennies. I don't have to put them back into circulation, so the law is mute.

 

Lets see, its illegal to melt, mutilate, and alter our coins.. The government has melted millions of silver coins, rolled cents are very popular, and their are some people who make a living carving hobo nickels.. not to mention all the encased coins in the U.S., how about all the jewelery and belt buckles with silver dollars in them.. Some of our laws are total BS.. If your counterfeiting money thats a different story, you belong in prison..

 

What about elongated pennies???
Olmanjon:kewl:

 

The source is Wikipedia. Not the best source, but I believe the information to be accurate.

The process of creating elongated coins is legal in the United States, Canada, South Africa and parts of Europe. In the United States, U.S. Code Title 18, Chapter 17, Section 331 prohibits "the mutilation, diminution and falsification of United States coinage." The foregoing statute, however, does not prohibit the mutilation of coins, if the mutilated coins are not used fraudulently, i.e., with the intention of creating counterfeit coinage. Because elongated coins are made mainly as souvenirs, mutilation for this purpose is legal. There, blank planchets, slugs or U.S. cents are occasionally used, though this law is often ignored both by the users of the machine and law enforcement. This method is also often used in countries, such as Australia, who either do not or no longer have a cent (or equivalent) coin.

Me again....Or course, you could say that making them elongated bypasses the new law about melting pennies, since they are no longer pennies. That's all fine and dandy, until you realize it cost $.50 to press one of these pennies in the machine. I guess you'd have to own one to get around the law.