Message:

<p>[QUOTE=&quot;rlm&#039;s cents, post: 2176881, member: 7957&quot;]<i>&quot;Though the legalities regarding ownership of bogus coins aren&#039;t completely clear, there&#039;s nothing in the statutory or case law in the U.S. that indicates simple possession is illegal. Two areas of U.S. statuatory law deal with counterfeit coins. Title 18, Part I, Chapter 25 (Counterfeiting and Forgery) of the U.S. Code, Sections 485, 489, and 492 deal with counterfeits of U.S. and world coins. The Hobby Protection Act of 1973 (Title 15, Chapter 48, Sections 2101 through 2106 of the U.S. Code, plus 1988 amendments) deals with counterfeits of ancient coins.</i></p><p><i><br /></i></p><p><i>Similarly, no court in the U.S. has ever ruled that possession of counterfeits of collectable coins is illegal. What&#039;s more, at least two circuit courts have ruled that possession of counterfeit coins without intent to defraud doesn&#039;t violate the section of the U.S. Code on counterfeiting U.S. coins (United States v. Cardillo, 708 F.2d 29 [1983], and United States v. Ratner, 464 F.2d 169 [1972]), according to collector and lawyer Michael Benveniste.</i></p><p><i><br /></i></p><p><i>&quot;The statutes do not criminalize mere possession of counterfeit money,&quot; concluded Armen R. Vartian in a November 5, 2001, Coin World column titled &quot;Owning Counterfeits.&quot; As a lawyer, numismatist, Coin World legal columnist, and author of the book A Legal Guide to Buying and Selling Art and Collectibles, Vartian is the most visible numismatic legal expert in the U.S.</i>&quot; <a href="http://coinsguide.reidgold.com/counterfeits.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coinsguide.reidgold.com/counterfeits.html" rel="nofollow">http://coinsguide.reidgold.com/counterfeits.html</a></p><p><br /></p><p>And there are several other sources out there.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in