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 Replies: 20 / Views: 3,938 |
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Valued Member
United States
168 Posts |
Could someone tell me anything about this coin if it was man made or machine made if its a common error year.  Moved to Modern US Errors forum - Sap |
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Pillar of the Community
United States
1150 Posts |
Someone counterstamped this with the letter 'c.' Essentially this would be considered ' PMD' or post mint damage. |
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Moderator
 United States
56855 Posts |
 Not an error. John1  |
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Valued Member
United States
318 Posts |
I have seen other posts with this kind of stamping on coins. Why do they do that? For what reason would someone stamp a coin? Might be just to give people something to talk about.
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Pillar of the Community
Canada
1733 Posts |
It was generally done by a merchantsprofessionals as free advertising, but other reasons for counter stamping include - re valuatuating circulating coins or stamping foreign coins for use in a new locale.
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Moderator
Australia
16826 Posts |
Quote:
I have seen other posts with this kind of stamping on coins. Why do they do that? For what reason would someone stamp a coin? Unless you actually found the person who had done this, you'd never know for sure. Some stampings appear to be a deliberate attempt to personalize a coin, sort of a quick and dirty version of an old-style "love token", or even to turn the coin into a token for some other use (though this is more usually done with foreign coins). Other stampings, with a more random arrangement, are presumably just someone trying out their new metal-stamping gear on a convenient piece of cheap unwanted metal: a coin. And there are no doubt a few unscrupulous types out there who are stamping coins just to try to sell them to the ignorant as "error coins". Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
4416 Posts |
My avatar is a counterstamped coin. The issuer, Lemuel Pomeroy, was a gunsmith in the early 1800's, and the marks match those on the firearms he made in 1826. He worked in Pittsfield, Mass. A half dozen coins or so, having his marks, are recorded in reference books. These coins may have been stamped to confirm the marks on his guns.
One of the more unusual reasons for stamping coins was to mark them in case of theft. This was done by some early collectors or those who simply hid their coins. Take my avatar coin for example. Were it to be stolen, it would be quite traceable should it enter the collector marketplace. Having a few, virtually unique coins in one's collection nowadays certainly can't hurt.
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Valued Member
United States
318 Posts |
I guess I could stamp about 100 nickels, just for fun. I would want a "fleur-de-lis" stamp to do them with. Then see if any come back to me in my lifetime. Too bad I can not put a small note on the coins (like a message in a bottle) where it reads to call me at this phone number "if anyone can read this note on this coin". That would be great as a little tracking device of some sort.
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Moderator
Australia
16826 Posts |
Quote:
Too bad I can not put a small note on the coins (like a message in a bottle) where it reads to call me at this phone number "if anyone can read this note on this coin". That would be great as a little tracking device of some sort. That's a temptation I would avoid if I were you. Americans are legally allowed to abuse their coins in a surprising number of ways, but placing advertisements on them and putting them back in circulation is one of the few ways that are prohibited. 18 USC section 475. I wouldn't want a bored federal agent to find one of your coins and decide to give you a rather unpleasant phone call. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
4416 Posts |
Sap wrote: Quote:
Americans are legally allowed to abuse their coins in a surprising number of ways, but placing advertisements on them and putting them back in circulation is one of the few ways that are prohibited. 18 USC section 475. IMHO, it doesn't appear that this law applies to the act of stamping advertising upon existing, genuine coinage. It appears to target forms of imitation currency; advertising that, in and of itself, bears a likeness to currency. Any lawyers out there?  |
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Bedrock of the Community
United States
12437 Posts |
I do not know how the Treasury would treat coins counterstamped for advertising purposes but they did throw a fit a few years ago in a similar scenario. In 2005, 20th Century Fox, along with the Franklin Mint, released 40,000 California quarters with a sticker application that advertised the premiere of Fantastic Four: Rise of the Silver Surfer. The promotion ended when Franklin Mint was issued a Cease and Desist order.
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Pillar of the Community
United States
4416 Posts |
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Valued Member
United States
286 Posts |
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Bedrock of the Community
United States
17884 Posts |
Quote:
IMHO, it doesn't appear that this law applies to the act of stamping advertising upon existing, genuine coinage. It appears to target forms of imitation currency; advertising that, in and of itself, bears a likeness to currency. The first part prohibits making advertisments, cards etc on imitations of Government securities Quote:
Whoever designs, engraves, prints, makes, or executes, or utters, issues, distributes, circulates, or uses any business or professional card, notice, placard, circular, handbill, or advertisement in the likeness or similitude of any obligation or security of the United States issued under or authorized by any Act of Congress Then you get the second part with that big ol OR at the beginning. Quote:
or writes, prints, or otherwise impresses upon or attaches to any such instrument, obligation, or security, or any coin of the United States, any business or professional card, notice, or advertisement, or any notice or advertisement whatever, shall be fined under this title. That OR indicates that this portion of the law can stand on its own (you can get in trouble for violating either the first part OR the second part) and it clearly relates to advertisements on genuine US currency or coins. Edited by Conder101
01/23/2012 7:55 pm
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Valued Member
474 Posts |
Does that mean the 1 dollar or 5 dollar notes we see from time to time that are stamped "Track this bill online at "blahblahblah.com" are in violation of the aforementioned law? Just wondering...
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Valued Member
United States
168 Posts |
Is it illegal to have these coins even though you had nothing to do with the advertising on them? Just curious, I refuse to go to jail over a penny with something stamped on it!
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Replies: 20 / Views: 3,938 |
Posted 01/22/2012 2:15 pm
