Do you have a legal ruling or legal precedent to that effect that you can cite ? Show us the established criteria which defines the threshold at which defacement of a coin nullifies the coin's legal tender status. Is a carved "hobo" nickel still legal tender or is it counterfeit ? What about a 1944-D Lincoln cent with parts of the 4 carved off to make it look like a "1914-D" ? It is certainly a "faked" 1914-D cent, but is it still legal tender ? Or how about an early US Bust coin with a significant amount of re-engraving on it to make it appear to have stronger details ? This was a fairly common practice in earlier days of collecting. Is such a coin still legal tender ? To my knowledge, there is no legal precedent which indicates that such a things are not legal tender. The GBI case which you cited above actually bolsters my position. The judge determined that producing a coin with a date that was never originally issued for that design type did NOT violate the Hobby Protection Act (HPA). GBI was found to be at fault for violating Section 18 counterfeiting statutes, not the HPA statutes. There is no violation of Section 18 in my situation because there is no legal statute which indicates over-striking of existing coins is a problem in of itself (so long as it is not done for fraudulent purposes).
I agree it is certainly worth the $3.00, plus it also goes into the online photo registry for future owners in the event of it changing hands .
I think yours are way better. When I get my latest shipment back from ANACS, I am going to do more of my own.
That's also what my friend Guido says. Funny how you two think alike. Just because he's in possession of counterfeiting tools doesn't necessarily mean he's making counterfeits like the Chinese. Every one of his fantasy $100 notes are overstrikes of genuine, existing $100 notes.
By your own argument Daniel, if you were using blank planchets and striking them to make the exact same coins you are making, those would be counterfeit coins - yes or no ? And your answer has to be yes because that is exactly what GBI was doing. Daniel your entire argument hinges on the point that what you are doing is legal because you are using legal tender coins for planchets. But you are completely ignoring the fact that those legal tender coins cease to be the coin they used to be the moment you strike them. When you overstrike a coin it isn't still the same coin it used to be, it is an entirely new and completely different coin. Yeah it used to be a legal tender coin, but it sure isn't anymore once you overstrike it. And if you think it is, I dare you, I defy you, to send one of them to the Treasury Department and ask them if it is still a legal tender coin.
NICE MD !!! I haven't seen a lot of MS 70's come back on any DC issues.. Possibly more now with the more current issues, but we will have to see as more pieces get submitted. He created a fantastic design on that piece for his friend Dave Emslie's business (PC&G)... Did you happen to purchase the fractional 1/10th silver Proof-like version of the same design ?
Bigpoppa, I tend to stick mostly with large silver, or in the case of Daniel Carr's work, also Copper and Bronze. I didn't get the fractional, as I tend towards bigger coins, having been a dollar and half dollar collector for years.
If I made and distributed pieces which looked exactly like issued US coins (except for the date), and I struck them on my own blank planchets, then it would be the same situation as GBI (except for the way they were advertised and marketed). That is only your opinion. I stated in a previous post that there is no legal criteria which defines the amount of defacement that a coin can sustain and still retain its legal-tender status. However, the US Mint will redeem mutilated current US coins BY WEIGHT. Coin World already asked the US Treasury Department about that. They referred Coin World to the US Secret Service. The Secret Service referred Coin World to the US Attorneys office. The Attorneys Office told Coin World to ask their own lawyer. Twice (by certified/registered letter) I asked the FTC (who administers the Hobby Protection Act) about this. They didn't deem the issue important enough to reply.
Exactly. That's why they're letting Guido alone even though he's in possession of the plates and could very well make counterfeits off blank paper instead of overstrikes off same-denomination notes. His, like yours, are overstrikes, not counterfeits.
C'mon Eddie--intent, intent, intent. You know the game. If Guido wants to make some funny money as a hobby and does not distribute it or try to pass it as real, Guido walks. Same situation--it is the intent to deceive that simply is not there. That would be my argument to a judge if I were in court--no intent; it is simply a curio or token for one's own amusement and the amusement of like-minded individuals.
Is there a website available owned by Guido , with full disclosure of his process , which I can purchase these over strike bank notes ? I may be interested in some for my collection as long as they are struck on original notes and he accepts returns and stands behind his original creations . Is his business named Guido's Notes or something more creative like Guido's Cash Me If You Can.com ?? I've been searching the entire net and can't find him in any Google search .. Additionally I've not been able to find any restaurants anywhere in my area that serve those tough nickel steaks you mentioned earlier Possibly you could recommend a joint nearby or are they some nefarious joints also owned by your friend Guido ??