What should I do with a fake coin?

When you inadvertently purchase counterfeit coins, you may be left wondering what to do with them. It's important to understand that owning, buying, or selling such coins is illegal according to federal law. This regulation is enforced to prevent the circulation of fake currency and maintain the integrity of the financial system.

Once you discover that a coin you've purchased is counterfeit, you have a responsibility to act. Continuing to possess the coin, even if you didn't intentionally buy it, can lead to legal repercussions. Therefore, it's crucial to take immediate steps to handle the situation properly.

The most appropriate action to take is to turn the counterfeit coin over to the authorities. You can do this by locating the nearest agent of the United States Secret Service, who are specifically trained to handle such cases. They will be able to take the necessary steps to ensure the coin is removed from circulation and investigate its origin.

Alternatively, you can contact your local law-enforcement officials. They may not have the same specialized training as Secret Service agents, but they can still assist in the process. They will likely coordinate with the Secret Service to ensure that the counterfeit coin is handled appropriately.

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