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 Replies: 60 / Views: 7,387 |
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Valued Member
Canada
288 Posts |
I don't see anything wrong with counterstamping these coins. It's a long-held practice. I find them uninteresting and of no historical significance, but the owner can do as he or she pleases.
Just to add, I don't think this is at all like what Daniel Carr is doing. He strikes fantasy coins with a high level of detail and craftsmanship.
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Pillar of the Community
Canada
5324 Posts |
The US is kind of different on this issue, some dealers wanted it both ways with their Hobby's Act which allows for clearly copy coins to be sold, but with the increase flood of fakes even PCGS, NGC, and some dealers are recently trying to change the old act
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Pillar of the Community
Canada
2845 Posts |
Quote:
I don't see anything wrong with counterstamping these coins. It's a long-held practice. I find them uninteresting and of no historical significance, but the owner can do as he or she pleases.
I agree, The problem with the "it's illegal!" argument is the intent of the Canadian Criminal Code is solely to protect the intrighty of the Canadian Currency system. And in accordance to legislation, a penny is worth one cent. So it seems somewhat ironic for collectors of coin to rely on Cdn legislation to protect pennies when the Cdn government as issuer, is entitled to destroy them. Under the Alloy Recovery Program, all pennies that are redeemed for one cent are legally melted. My point then, is it important by the Counter-stamping on this penny that the Govt of Canada is being robbed the value of copper because the penny is no longer redeemable for one cent? Edited by wildflowerAB
12/30/2016 12:43 pm
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Valued Member
Canada
115 Posts |
It's their coins, their choice. However, if I was the coin dealer, I would rather make tokens of my own to commemorate the centennials of the incidents rather than overstamping old, valuable, numismatic coins.
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Pillar of the Community
 Canada
5590 Posts |
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Pillar of the Community
Canada
514 Posts |
eww - those coins were worth something, now they look to only be fodder for being melted down.
I would personally never buy one.
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Pillar of the Community
Canada
3692 Posts |
DBM: "It is illegal to deface Canadian currency"
...with the intent to defraud by passing as current. Unless he spends them at his grocer he is fine. Damaged coins though with no added value or interest. Stamping is cheap. Just imagine what the other side looks like now.
okiecoiner: "I'm not so sure that pennies are actually legal tender"
...Yes, all Canadian coins ever made that say Canada on them are still legal tender, even our 50 cents coins.
To the people saying it's his coin collection, he can do what he pleases with his property... Well I'm quite sure that monies are the property of the issuer and can be recalled at any time. If the banks wanted their money back I'd give it to them in exchange for something of real value to represent my labor spent to earn it. The reason governments and mints recall monies is because at the time they are worth more than the amount written on them.
Edited by Libertad
01/15/2017 10:03 am
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Pillar of the Community
Canada
1700 Posts |
Looking at this as a numismatic matter I don't find the law to be too relevant. I do believe, as many have stated, that the design of stamping words over words is not very aesthetically pleasing.
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Pillar of the Community
Canada
5246 Posts |
@alan, further to your question on my threshold, I haven't really thought about it. I suppose that I might pay $12 shipping for 100 large cents, but would rather not.
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Pillar of the Community
Canada
955 Posts |
Did you know that it is still legal(at least it was in 2003) to drive 500 hundred head of cattle down Bathurst St. in downtown Toronto? The defacing laws are the same,old outdated but still on the books. Having said that , I agree that the counter stamp is not that pleasing to the eye , especially on a fairly well preserved piece. I liked the idea of using the coin along with other info about a specific date on a card or such . P.S.-I do not in any way think the law(s) should be repealed. Defacing or the cows  Edited by Canacoins
01/18/2017 10:19 pm
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Pillar of the Community
United States
4211 Posts |
I am not fond of any coin ever being counter stamped for
any reason but that is just my personal preference.
I know I would never buy one.
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Bedrock of the Community
United States
10038 Posts |
But do they counterstamp the cows before the drive?
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Valued Member
United States
137 Posts |
I agree that the stamped lettering is barely legible on these coins anyways. I would never purchase one personally, but to each their own I suppose.
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Pillar of the Community
Canada
955 Posts |
@Earle42-  Good question |
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New Member
United States
19 Posts |
It saddens me as well to see these coins defaced. I appreciate the natural state of a coin and it's original purpose for being made. Just my opinion however |
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Replies: 60 / Views: 7,387 |
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Posted 12/30/2016 11:31 am
