Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Community Currency Local Money
>
Reply to Thread
Message:
<p>[QUOTE="kaparthy, post: 20039, member: 57463"]It is indeed a Federal crime to counterfeit any money medium: US Code Title 18 Chapter 25 secs 472, 473, 475, and 491. You can be charged separately with additional crimes involving the tools and other media of counterfeiting under 18 USC 25: 474, 476, 477. Note also that 18 USC 25: 473 makes it illegal to "deal" in counterfeits, which includes transfering them with the intent of their being used as genuine. So, basically, there are three Federal crimes: counterfeiting, spending counterfeit money, and possessing the tools to do the work. (These are also the range of laws violated by sellers of fake Seated Dollars in electronic auctions, another topic entirely.)</p><p><br /></p><p>The Federal government recognizes community currency as taxable money. Income in community currency must be reported as such.</p><p><br /></p><p>Technically, like any designer of currency, I worked with the artists to incorporate active and passive security features. </p><p><br /></p><p>One of the inherent protections is the fact that these money media (Toronto Dollars, Ithaca Time Dollars, Madison Money, etc.), tend to circulate in only a few dozen shops at most. As an ADJUNCT medium -- and one not good outside of town -- community currency tends to be intertwined with the people who use it.</p><p><br /></p><p>All of that being as it may, the designers started by looking at foreign banknotes I gave them, especially the cool ones from small countries. I lent them <i>The Art of Money</i> and other references. It took them about three months and five or six meetings to hammer out the details. Just stippling the Petoskey Stone border took one artist about 100 hours.</p><p>Then there were the ideological arguments among the currency board members (not the artists) over whether cherries are an evil monoculture.</p><p><br /></p><p>It was an experience, I assure you![/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 20039, member: 57463"]It is indeed a Federal crime to counterfeit any money medium: US Code Title 18 Chapter 25 secs 472, 473, 475, and 491. You can be charged separately with additional crimes involving the tools and other media of counterfeiting under 18 USC 25: 474, 476, 477. Note also that 18 USC 25: 473 makes it illegal to "deal" in counterfeits, which includes transfering them with the intent of their being used as genuine. So, basically, there are three Federal crimes: counterfeiting, spending counterfeit money, and possessing the tools to do the work. (These are also the range of laws violated by sellers of fake Seated Dollars in electronic auctions, another topic entirely.) The Federal government recognizes community currency as taxable money. Income in community currency must be reported as such. Technically, like any designer of currency, I worked with the artists to incorporate active and passive security features. One of the inherent protections is the fact that these money media (Toronto Dollars, Ithaca Time Dollars, Madison Money, etc.), tend to circulate in only a few dozen shops at most. As an ADJUNCT medium -- and one not good outside of town -- community currency tends to be intertwined with the people who use it. All of that being as it may, the designers started by looking at foreign banknotes I gave them, especially the cool ones from small countries. I lent them [I]The Art of Money[/I] and other references. It took them about three months and five or six meetings to hammer out the details. Just stippling the Petoskey Stone border took one artist about 100 hours. Then there were the ideological arguments among the currency board members (not the artists) over whether cherries are an evil monoculture. It was an experience, I assure you![/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Community Currency Local Money
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...