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 Replies: 31 / Views: 6,441 |
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Valued Member
United States
171 Posts |
The threshold of how much damage and mutilation is necessary to invalidate the legal tender status of a coin has never been clearly defined.
Indications are that a coin will retain legal tender status indefinitely, so long as it has not been divided into smaller bits. However, just because a coin is technically legal tender, that doesn't mean that a person must accept it. Once a coin has been defaced to a certain degree, it may still be legal tender, but it is no longer an ACCEPTABLE COIN.
In other words:
A coin that is woefully defaced and mutilated could legally be presented as payment by one party in a transaction, and it could be legally rejected as an unacceptable coin by the other party. In this case, neither party has broken any law.
Changing the apparent face value of a bank note, however, is another matter (for example, bleaching a $1 bill and printing a $10 over it). This is especially true if the person doing the alteration has done so for the purpose of passing it to an unsuspecting person for $10 so as to make a $9 "profit".
Regarding my over-strike coins, I do not make claims as to their legal tender status. But I do clearly indicate that they should not be used as legal tender.
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Pillar of the Community
 United States
5828 Posts |
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they are the same metal content and size of the circulating legal tender coins regardless of what date is put on these they are technically counterfeits. But the fact of the matter is THEY AREN'T COUNTERFEITS. No matter how you look at it they are not! They are US coins overstruck with dies bering a different date! That makes them US coins. NOT COUNTERFEIT. |
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Pillar of the Community
Australia
7096 Posts |
Quote:But the fact of the matter is THEY AREN'T COUNTERFEITS. No matter how you look at it they are not! They are US coins overstruck with dies bering a different date! That makes them US coins. NOT COUNTERFEIT. Hmm What would you say if the Chinese decided to overstrike common worn Peace dollars as rare date CC morgans. Would these still be US coins and Not counterfeits ? |
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Moderator
 United States
54283 Posts |
If you overstrike a coin to a non-existent date, it is no longer the original coin as struck, and becomes a counterfeit IN MY OPINION. Daniel Carr and whoever approved his shenanigans would disagree with me.
If you overstrike a coin to a different date that was actually minted, it is no longer the original coin as struck, and becomes a counterfeit IN MY OPINION.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
Canada
4911 Posts |
Quote:Quote:Quote: But the fact of the matter is THEY AREN'T COUNTERFEITS. No matter how you look at it they are not! They are US coins overstruck with dies bering a different date! That makes them US coins. NOT COUNTERFEIT. Hmm What would you say if the Chinese decided to overstrike common worn Peace dollars as rare date CC morgans. Would these still be US coins and Not counterfeits ? how can they be counterfeits if they are baring dates that the government never struck? any coin even if it identical to a government issued coin cant be counterfeit if the government never made that date of coin to begin with IMO Feel free to call me Will.
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Pillar of the Community
United States
4469 Posts |
For a coin to be counterfeit it must similar enough to the authentic coin so as to confuse an ordinary unsuspecting person. I believe a 1921 CC Morgan would confuse an ordinary person. There have been examples of Chinese counterfeit coins sold on ebay of coins the U.S. government never struck. If a crook sold a Dan Carr 1964 Pease Dollar as genuine, is it a counterfeit? Or if the Dan Carr 1964 Pease Dollar was used as legal tender to pay a debt, Is it a counterfeit? |
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Pillar of the Community
United States
505 Posts |
I would,at this time,definitely accept a Fantasy coin in return for goods or services....
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Pillar of the Community
Australia
7096 Posts |
I am at a total loss as to why some people consider these Daniel Carr coins to be "Kosher"  They were not minted by the US Government, they are the same size and metal content as circulating coins, They are the same design with a denomination on them and they don't have "Replica, Copy or Fantasy" stamped onto the coin. If these were produced in China in the exact same way everyone would be screaming "Counterfeit" from the rooftops. Unbloodybelievable Edited by trout1105
05/16/2016 12:45 am
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Pillar of the Community
 United States
1119 Posts |
Quote:What would you say if the Chinese decided to overstrike common worn Peace dollars as rare date CC morgans. Would these still be US coins and Not counterfeits ? Yes, Still a US coin with a face value of $1. It was issued from the mint and monetized at $1. The collectible value was never the question. |
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Pillar of the Community
United States
1119 Posts |
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am at a total loss as to why some people consider these Daniel Carr coins to be "Kosher"
They were not minted by the US Government, they are the same size and metal content as circulating coins, They are the same design with a denomination on them and they don't have "Replica, Copy or Fantasy" stamped onto the coin.
If these were produced in China in the exact same way everyone would be screaming "Counterfeit" from the rooftops.
But the Dan Carr coins actually were minted and monetized by the US Government. Before an alteration that did not change the monetary value of the coin Edited by Steele
05/16/2016 01:47 am
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Pillar of the Community
Australia
7096 Posts |
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Yes, Still a US coin with a face value of $1. It was issued from the mint and monetized at $1. The collectible value was never the question.
It comes to me as absolutely NO surprise that the US coin market if rife with counterfeits with that sort of Logic  |
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Moderator
United States
189537 Posts |
Quote:However, this program is currently on hold while it is under administrative review. It seems that the US Mint was fleeced over a period of several years by the redemption of large quantities of intentionally-mutilated counterfeit US coins from China. A previous discussion for reference... https://goccf.com/t/246760 |
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Moderator
United States
189537 Posts |
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Pillar of the Community
Australia
7096 Posts |
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Also, for reference...
Criky jbuck, That seems to have put a cat amongst the pidgin's  |
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Moderator
United States
189537 Posts |
Well, just wanted to show that we have been discussing this for a long time.  |
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Replies: 31 / Views: 6,441 |
First Page
Posted 05/15/2016 4:20 pm
