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Counterfeit - what does it mean ?
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<p>[QUOTE="kaparthy, post: 38184, member: 57463"]It is expressly against U.S. law to buy and sell counterfeit U.S. money. There is no question about it. That also applies to any kind of counterfeit money from any standing government, or any corporation, foreign or domestic, such as counterfeit U.K. pounds. </p><p><br /></p><p>According to an interview I conducted with a Secret Service agent last summer, the government merely confiscates the contraband of innocent sellers. "We didn't know..." often works. However, if you actively counterfeit coins to sell them, you cannot plead ignorance. I would hate to be in your shoes when they show up. </p><p><br /></p><p>Well, yes, counterfeits of money that is no longer current are not a concern of some of the laws. The Austro-Hungarian Empire is not with us today, so the U.S. Secret Service has no interest in counterfeit Koronas. However, there is still the Hobby Protection Act, which is also a federal law. The HPA does make it illegal to create fakes, unless they are clearly marked as such -- as defined in the law: incuse, so high, etc.</p><p><br /></p><p>The collectibility of <u>genuine</u> historical artifacts, albeit "contemporary counterfeits" is established. So, that is safe in a legal sense. Blacksmith tokens, fourees, raised banknotes, etc., are valid areas of investigation and collecting.</p><p><br /></p><p><b>I always assume that any serious collector has a copy of the <i>Coin World Alamanc </i> and therefore knows the actual wording of the relevant laws. </b>[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 38184, member: 57463"]It is expressly against U.S. law to buy and sell counterfeit U.S. money. There is no question about it. That also applies to any kind of counterfeit money from any standing government, or any corporation, foreign or domestic, such as counterfeit U.K. pounds. According to an interview I conducted with a Secret Service agent last summer, the government merely confiscates the contraband of innocent sellers. "We didn't know..." often works. However, if you actively counterfeit coins to sell them, you cannot plead ignorance. I would hate to be in your shoes when they show up. Well, yes, counterfeits of money that is no longer current are not a concern of some of the laws. The Austro-Hungarian Empire is not with us today, so the U.S. Secret Service has no interest in counterfeit Koronas. However, there is still the Hobby Protection Act, which is also a federal law. The HPA does make it illegal to create fakes, unless they are clearly marked as such -- as defined in the law: incuse, so high, etc. The collectibility of [U]genuine[/U] historical artifacts, albeit "contemporary counterfeits" is established. So, that is safe in a legal sense. Blacksmith tokens, fourees, raised banknotes, etc., are valid areas of investigation and collecting. [B]I always assume that any serious collector has a copy of the [I]Coin World Alamanc [/I] and therefore knows the actual wording of the relevant laws. [/B][/QUOTE]
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Counterfeit - what does it mean ?
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