Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Daniel Carr
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 1415496, member: 22143"]I would argue that if we were talking about an overstrike of a coin that was issued as legal tender, then the overstrike does not change its legal tender status. According to the legal definition of legal tender in 31 USC 5103, only congress has this power. One can always take a "mutilated" (in their eyes) currency either to the US Mint or the US Bureau of Engraving who will do an examination and redeem it's face value. I would think it would be within the Mint's technical abilities to immediately see the overstruck coin was indeed one of theirs. Of course nobody will do this due to the numismatic value. Given this, I don't think the overstrike changes the legal tender status. </p><p><br /></p><p>There is a law, 18 USC 333, that prevents such changes being made to bank notes, but it does not seem to apply to coins.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1415496, member: 22143"]I would argue that if we were talking about an overstrike of a coin that was issued as legal tender, then the overstrike does not change its legal tender status. According to the legal definition of legal tender in 31 USC 5103, only congress has this power. One can always take a "mutilated" (in their eyes) currency either to the US Mint or the US Bureau of Engraving who will do an examination and redeem it's face value. I would think it would be within the Mint's technical abilities to immediately see the overstruck coin was indeed one of theirs. Of course nobody will do this due to the numismatic value. Given this, I don't think the overstrike changes the legal tender status. There is a law, 18 USC 333, that prevents such changes being made to bank notes, but it does not seem to apply to coins.[/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
>
Coin Chat
>
Daniel Carr
>
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...