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 Replies: 60 / Views: 7,385 |
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New Member
United States
44 Posts |
I'm personally not a big fan of this.
Maybe if it had a better design more pleasing to the eye it would make it a bit better.
But it really has no value to me, and certainly not $25.
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Pillar of the Community
Canada
5246 Posts |
@Alan, I am very fond of the Canadian large cents and would not hesitate to pay 25 cents for an unstamped one, even a 100 of them, in that condition. But that is just me.
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Pillar of the Community
 Canada
9865 Posts |
456. Every one who
(a) defaces a current coin, or
(b) utters a current coin that has been defaced,
is guilty of an offence punishable on summary conviction.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
9865 Posts |
11 (1) No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1463 Posts |
Dbm, I'm no legal expert, but 11 (1) would imply that simply by engaging in holding and hoarding coins for collecting and hobby purposes goes against the legislation, because the legal tender is being used as something other than currency?
Point taken oriole fair enough. May I ask what the threshold may be?
Keep in mind, say you could get 100 for 25$, would a person be willing to pay the 12$ -15$ shipping and hst on that?
I just see that the dealer is trying to add some value. If they can take something someone would only pay a quarter to a dollar for and sell for 25$ I don't begrudge him.
And I've got to say, that 1967 counterstamp is wow worthy to me anyways, pretty impressive that can be done with minimal damage.
Edited by Alan
12/29/2016 3:46 pm
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Pillar of the Community
Canada
5324 Posts |
The problem with allowing free reigns on tis type of over stamping or what ever is correct term, some new collectors will with the 67 dollar thinks it's a new 150 anniversary strike, he could take a Sunshine round and crank out really nice coins and if you like it buy it the design if done correctly could make a fortune.
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Pillar of the Community
Canada
2301 Posts |
Again Canadian dealers break the law and most (not all) Canadian collectors tolerate it. Doing this is illegal. No more no less.
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Pillar of the Community
United States
1695 Posts |
Seems like moral failure to deface them. To quote Bressett and Bowers, 7th edition, p. 39: "As a coin collector you are commissioned by posterity to handle each coin in your possession carefully and to preserve it in the condition it which it was received."
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Valued Member
Canada
299 Posts |
It's good to be King! So many laws...Like so many countries, the lawmakers of Canada are so busy debasing our currency through endless deficits and debt the poor penny was put out of a job. The rest of our coinage to follow, yes?
I don't care if someone is creating a novelty from a redundant piece of copper or silver (also removed from circulation due to seignorage margin disappearing...debasing again).
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Pillar of the Community
Canada
9865 Posts |
Stop the presses! They are gone from ebay. "Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1463 Posts |
Whats surprising is that the bank of Canada says it's not illegal to deface bank notes ? http://www.cbc.ca/news/entertainmen...da-1.2978860I will ask this again in regard to part of the legislation- with emphasis on the last part. "11 (1) No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada." This would imply that simply by engaging in holding and hoarding coins & paper for collecting and hobby purposes goes against the legislation, because the legal tender is being used as something other than currency? I take a hard stand against counterfeits as I am sure all do here, and applaud the work of nickelsguy and bobby. Though, I am interested in the subject of counterstamps and collecting at large. Is it in fact illegal to deface? The BOC says no for banknotes? Also, is it in fact illegal to use coin currency for purposes other than currency- ie hobby? Legislation seems to say yes? Edited by Alan
12/29/2016 10:20 pm
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Valued Member
Canada
220 Posts |
Heading in a bit of a different direction...I always find it a bit odd the coin community seems so fond of the JOP counterstamp coins for the same reasons mentioned in the posts above (defacing, criminal code, etc.)
People have paid quite a premium for some of these coins, produced by, what I understand, a businessman stamping his own initials on coins...
I wonder what it is that makes the collecting community tolerant of the JOP stamped coins, but really few others?
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Pillar of the Community
Canada
9865 Posts |
@twoods
Ignorance and greed.
"Dipping" is not considered cleaning...
-from PCGS website
Edited by DBM
12/30/2016 01:16 am
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Valued Member
United States
211 Posts |
I am dismayed by the actions of the dealer putting his advertising on the coins I saw in this thread. For one thing the stamps are invasive and ugly. But there is folklore involved in the "JOP" coin. Its a great story from yesteryear. Can be read about here: http://www.coinscan.com/silverd/page66.htmlThere is heart and drama in the JOP. Don't think its crass advertising. |
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Pillar of the Community
Canada
2845 Posts |
Currency Act Marginal note:Defaced coins not current (2) No coin that is bent, mutilated or defaced, or that has been reduced in weight otherwise than by abrasion through ordinary use, shall pass current. http://laws-lois.justice.gc.ca/eng/...ullText.htmlA defaced penny is no longer redeemable for one cent. |
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Posted 12/29/2016 2:29 pm
