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Souvenir Flattened Cents Legal / Yes

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Author Previous TopicReplies: 17 / Views: 2,591Next Topic Page 2 of 2
Pillar of the Community
United States
2600 Posts
 Posted 03/02/2008  12:42 pm  Show Profile   Bookmark this reply Add Jim1953 to your friends list
Thanks, Carl, but I already have a couple of those. Kurt, now you have me thinking, I wonder what a store clerk would do if you came in and tried to spend one?

Jim
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United States
5318 Posts
 Posted 03/02/2008  12:55 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
Carl, if only those rail companies would engrave their name on the wheels of the train...it could start a new collector craze
But I imagine "die wear" would be terrible.
Valued Member
United States
168 Posts
 Posted 03/04/2008  6:52 pm  Show Profile   Bookmark this reply Add dcarver9183 to your friends list
i'll take as many of those coins as possible...maybe they'll be worth something. I could get HSN to sell them for me. we could sell them as rare coins that were found after years of research...hehe
Pillar of the Community
United States
533 Posts
 Posted 03/04/2008  7:33 pm  Show Profile   Bookmark this reply Add MorganNoob to your friends list
quote:
Carl, if only those rail companies would engrave their name on the wheels of the train...it could start a new collector craze
But I imagine "die wear" would be terrible.



quote:
i'll take as many of those coins as possible...maybe they'll be worth something. I could get HSN to sell them for me. we could sell them as rare coins that were found after years of research...hehe

You might be on to something here, but first we would have to get ICG to grade them as MS70. Or betteryet, we could smash "ICG graded PR70 coins, and then sell them on HSN as Proof Smashed Coins!!
Valued Member
United States
328 Posts
 Posted 03/04/2008  8:44 pm  Show Profile   Bookmark this reply Add gbchaosmaster to your friends list
quote:
Or better yet, we could smash ICG graded PR70 coins, and then sell them on HSN as Proof Smashed Coins!

Valued Member
United States
168 Posts
 Posted 03/05/2008  3:53 pm  Show Profile   Bookmark this reply Add dcarver9183 to your friends list
absolutely hilarious!!
Valued Member
United States
174 Posts
 Posted 03/05/2008  6:31 pm  Show Profile   Bookmark this reply Add gussyboy1 to your friends list
SOOOOO Funny! You all are a hoot!
This is better than GO's serrated slab opening incident---NOT!

Gussyboy1
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United States
5318 Posts
 Posted 03/06/2008  03:33 am  Show Profile   Bookmark this reply Add KurtS to your friends list
"we could smash "ICG graded PR70 coins, and then sell them on HSN as Proof Smashed Coins!"

I laugh every time I read this

And I bet those "Coin Vault" cons could pitch'em with a straight face.
Pillar of the Community
United States
6326 Posts
 Posted 03/06/2008  09:26 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
I would be interested in buying any "gold layered" or "platnum layered"..PSC's (proof-smashed-coins).
One question I have though.... Would the train wheels remove the "gold wash" though?.......just curious. And could I get a "premium" on the re-sale after buying the PSC's from HSN ? (I'm sure they have only a few left too!)
I'm ready to invest....I just need a reliable provider !
Edited by eaglefoot
03/06/2008 09:27 am
Bedrock of the Community
United States
17884 Posts
 Posted 03/12/2008  11:59 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
quote:
So I suppose any merchant is obligated to accept them as legal tender?

They may still be legal tender, but the merchant is under no obligation to accept them. There is not law that says you must accept legal tender.
Valued Member
United States
342 Posts
 Posted 03/12/2008  12:36 pm  Show Profile   Bookmark this reply Add Dockwalliper to your friends list
Interesting note...While legal in the US it is NOT legal in Canada.

Section 11(1) of the Currency Act states that "no person shall, except in accordance with a licence granted by the Minister [Minister of Finance], melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada." Furthermore, Section 456 of the Criminal Code of Canada makes it a criminal offence to deface circulation coins: "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." The offence is not dependent on fraudulent intent.
-Royal Canadian Mint

Pillar of the Community
United States
6326 Posts
 Posted 03/12/2008  12:39 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
So, then, they'll be no Elvis Canadian nickles ? ......awwww man !
Edited by eaglefoot
03/12/2008 12:40 pm
Bedrock of the Community
United States
17884 Posts
 Posted 03/13/2008  1:56 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
quote:
Interesting note...While legal in the US it is NOT legal in Canada.

Many countries have similar laws regarding their coins. (defacemnet being illegal)
Edited by Conder101
03/13/2008 1:57 pm
Pillar of the Community
United States
5318 Posts
 Posted 03/13/2008  2:05 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
"...a criminal offence to deface circulation coins"
I suspect that somewhere back in time, a king or queen did not want their portraits defaced on currency, leading to that current nebulous ruling.
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188770 Posts
 Posted 03/13/2008  2:37 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Interesting concept, especially since the Canadian coins have an image of a sitting Sovereign.
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