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<p>[QUOTE="scottishmoney, post: 1346949, member: 12789"]Counterfeiting coins has been illegal since coins were first created in antiquity, no issuing authority with any sense tolerates counterfeiting. The US government is certainly no exception. Granted, there were far more prosecutions for such in the past - back then if you made a base metal half dollar ca. 1920 you could make a profit by counterfeiting. What has transpired though with our coins having no practical value now they are NOT counterfeited for circulation purposes in the USA because it is not economical. The only counterfeiting of USA coins now is for collectable era coins that are valued for their rarity - and made outside of USA jurisdiction in China. Have enough of those and you can bet you will be hearing from the FBI or Secret Service.</p><p><br /></p><p>However it is known that the Sacagawea dollar coins are indeed being counterfeited in Colombia, presumably by the drug cartels there, and then they are sold at a discount into Ecuador, where USA dollar coins do circulate - practically the only place in the world where they do. And you can indeed believe the Secret Service is pursuing the forgers because they are also cranking out larger denomination US bills.[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 1346949, member: 12789"]Counterfeiting coins has been illegal since coins were first created in antiquity, no issuing authority with any sense tolerates counterfeiting. The US government is certainly no exception. Granted, there were far more prosecutions for such in the past - back then if you made a base metal half dollar ca. 1920 you could make a profit by counterfeiting. What has transpired though with our coins having no practical value now they are NOT counterfeited for circulation purposes in the USA because it is not economical. The only counterfeiting of USA coins now is for collectable era coins that are valued for their rarity - and made outside of USA jurisdiction in China. Have enough of those and you can bet you will be hearing from the FBI or Secret Service. However it is known that the Sacagawea dollar coins are indeed being counterfeited in Colombia, presumably by the drug cartels there, and then they are sold at a discount into Ecuador, where USA dollar coins do circulate - practically the only place in the world where they do. And you can indeed believe the Secret Service is pursuing the forgers because they are also cranking out larger denomination US bills.[/QUOTE]
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