Step 8Done!
Note: In all candor, I do not personally find this to be an especially attractive ring although I do wear it daily. I think it would be a lot nicer if you can find a thicker coin to use, I'm currently looking for a thicker bronze coin to replace it with.
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Whoever fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales or lightens any of the coins coined at the mints of the United States, or any foreign coins which are by law made current or are in actual use or circulation as money within the United States; or whoever fraudulently possesses, passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or brings into the United States, any such coin, knowing the same to be altered, defaced, mutilated, impaired, diminished, falsified, scaled or lightened - shall be fined under this title or imprisoned not more than five years, or both. (Emphasis added.)
It is indeed illegal but the key word there is "fraudulently'
According to The New York Times, it cost the US Mint 1.73 cents for every penny and 8.74 cents for every nickel it makes. In 2006, in addition to the law already in the books, congress passed a ban on destroying US coins where the metal will be serve other uses. So maybe those museums are in violation of the laws but may have an exeption within the law that we private citizen does not.
in other words, it's legal to do this. people, please. Don't automatically assume you are doing something wrong just because the government languages things to scare you.
Clearly you're in hot water if you go hammering pennies or ripping or writing on dollars you intend to use as money. the moment you spend that money, you are breaking that law above.
Hey, thats the law. I had nothing to do with it so arguing it with me is pointless.
my $0.02 - (sorry)
don't be sorry for your good idea jtomm129. I may make one.
Thanks
This should clear up any questions about the legalities of U.S. coinage defacing:
Question:
Is it illegal to damage or deface coins?
Answer:
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.
Translation:
No it is not.
Reference:
United States Department of the Treasury
theres the one with the beveled edge.
And pretty much everyone rejoiced. I can recommend you all get on that coin phaseout bandwagon.. and get vocal. Your pockets will be lighter and free of clutter.
Thats my $1 worth.