Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The legality of owning/selling counterfeits
>
Reply to Thread
Message:
<p>[QUOTE="Conder101, post: 3426287, member: 66"]Eyeappealingcoins brought up Sec 492 before I could but I do have one comment on something he said</p><p><br /></p><p><br /></p><p>Sec 485 limits it to those foreign coins current in the US. but Sec 489 extends it to "any token, disk, or device in the likeness or similitude as to design, color, or the inscription thereon of any of the coins of the <a href="https://www.law.cornell.edu/uscode/text/18/489" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/uscode/text/18/489" rel="nofollow">United States</a> or of any foreign country issued as money, either under the authority of the <a href="https://www.law.cornell.edu/uscode/text/18/489" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/uscode/text/18/489" rel="nofollow">United States</a> or under the authority of any <a href="https://www.law.cornell.edu/uscode/text/18/489" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.law.cornell.edu/uscode/text/18/489" rel="nofollow">foreign government</a> shall be fined under this title." Which seems to include ALL foreign coins.</p><p><br /></p><p>And one other thing, Sec 492 also has provisions for how you can petition to have the counterfeits returned to you if there was no willful negligence or intention to violate the law.</p><p><br /></p><p><br /></p><p><br /></p><p>There are no demonitized US coins. Coinage act of 1965 made all US coins, whenever made, legal tender.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3426287, member: 66"]Eyeappealingcoins brought up Sec 492 before I could but I do have one comment on something he said Sec 485 limits it to those foreign coins current in the US. but Sec 489 extends it to "any token, disk, or device in the likeness or similitude as to design, color, or the inscription thereon of any of the coins of the [URL='https://www.law.cornell.edu/uscode/text/18/489']United States[/URL] or of any foreign country issued as money, either under the authority of the [URL='https://www.law.cornell.edu/uscode/text/18/489']United States[/URL] or under the authority of any [URL='https://www.law.cornell.edu/uscode/text/18/489']foreign government[/URL] shall be fined under this title." Which seems to include ALL foreign coins. And one other thing, Sec 492 also has provisions for how you can petition to have the counterfeits returned to you if there was no willful negligence or intention to violate the law. There are no demonitized US coins. Coinage act of 1965 made all US coins, whenever made, legal tender.[/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
>
The legality of owning/selling counterfeits
>
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...