Leather Works Spin Coins Discussions | Drop

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Leather Works Spin Coins

Showing 1 of 27 conversations about:

Leather Works Spin Coins

tulio

Mar 7, 2017

I believe it's illegal to do this to American Currency. MASSDROP check out the currency laws.....you could be liable!

PTrainor

Mar 7, 2017

tulio" Is it illegal to damage or deface coins? Section 331 of Title 18 of the United States code provides criminal penalties for anyone who “fraudulently alters,defaces, mutilates impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the Mints of the United States. "

tulio

Mar 7, 2017

PTrainorSo why is mass drop selling illegal iyems

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donatj

Mar 7, 2017

tulioThe keyword is "fraudulently" as in "fraudulently alters" the meaning behind that is for instance using a $10 bill as the basis for counterfeiting a $100 bill or such. It's not illegal to deface a coin for non-fraudulent purposes, such as how museums and zoos often have machines to squish pennies into their logo or animals or such.

neilgx

Mar 7, 2017

tulioI was thinking the same thing. Neat item with huge markup, but completely illegal.

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nugenrules

Mar 7, 2017

tulioHere's what www.treasury.gov has to say:
"Section 331 of Title 18 of the United States code provides criminal penalties for anyone who “fraudulently alters, defaces, mutilates impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the Mints of the United States.” This statute means that you may be violating the law if you change the appearance of the coin and fraudulently represent it to be other than the altered coin that it is. As a matter of policy, the U.S. Mint does not promote coloring, plating or altering U.S. coinage: however, there are no sanctions against such activity absent fraudulent intent." - (https://www.treasury.gov/resource-center/faqs/Coins/Pages/edu_faq_coins_portraits.aspx)
So it is legal to modify currency, but it is illegal to try to use it as something else (melting nickels together and making a quarter).

ponagathos

512

Mar 7, 2017

PTrainorI think the key word there is fraudulently. I believe it is only illegal to alter it and try to pass it off as another denomination or different metal. If you want to turn your money into non-money, not a problem. Think of those machines everywhere that turn your penny into a souvenir.