Discussion in 'Coin Chat' started by CoinJockey73, Mar 1, 2021.
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Rainbow in the Dark .
I was under the assumption that it's illegal to deface money off any kind.
As long as you don't melt it down it's fine
No kidding? Learn something new, every day. Thanks!
It is, but it doesn't stop HSN and the Bradford Exchange from producing this colorized crap.
Colorizing coins isn't illegal... If you don't melt it down or destroy it until it is unrecognizable (on purpose) then it's perfectly legal
Then again, the issue of colorizing coins probably falls into a legal grey area.
Federal statute 18 USC 331 “whoever fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the mints of the United States … shall be fined under this title or imprisoned not more than five years, or both.”
However, it should be noted the keyword, in this case fraudulent. Therefore, there must be the intent to defraud a party to be considered an illegal act. Regardless, @CoinJockey73's question was rather narrow in scope, and yes, it is technically illegal to deface coins.
Then again, wouldn't the prosecuting attorney have to prove "fraudulent intent"?
That's a good point, @cpm9ball. However, with these manufactured "collectibles," it would probably be quite challenging to prove it. Regardless, I can't say I'm a fan of their marketing practices.
Neither can I! Maybe it would help if Congress passed a law that mandated a 50% reduction from face value for the sale of any colorized coin. Never happen!
Ever see the $ Bills with the chain messages on them? They are everywhere.
Support the SUCA law, and don't buy and become a SUCA lawbreaker.
This is a serious problem, because there is a SUCA offender born every day.
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