Cryptocurrency Q&A
Is drilling a hole in a coin illegal?
Is drilling a hole in a coin illegal?
Daniele
Sat Oct 19 2024
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6 answers
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I'm wondering if it's illegal to drill a hole through a coin. I've seen some coins with holes in them and I'm curious if this is something that's allowed by law or if it's considered defacement or damage to currency.
6 answers
ShintoMystery
Mon Oct 21 2024
The United States currency system is safeguarded by rigorous federal laws, ensuring the integrity of its financial instruments. This protection extends to both paper bills and coins, underlining the government's commitment to maintaining a secure and trustworthy currency.
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TaegeukChampionship
Mon Oct 21 2024
The cornerstone of this legal framework is Title 18 of the United States Code, specifically Section 331. This provision serves as a deterrent against any attempts to undermine the authenticity of American coins.
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GinsengGlory
Mon Oct 21 2024
According to Section 331, it is a federal crime to intentionally alter, mutilate, or falsify coins in any manner. This sweeping legislation covers a broad range of illicit activities, from tampering with coins' metallic composition to counterfeiting their appearance.
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Margherita
Sun Oct 20 2024
The severity of this offense underscores the importance placed on preserving the integrity of the currency system. By holding perpetrators accountable, the law helps to maintain public confidence in the value and authenticity of American money.
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CryptoVisionary
Sun Oct 20 2024
The enforcement of this law is critical to the stability of the nation's economy. It ensures that the circulation of coins remains unhindered by fraudulent practices, preserving the trust that underpins financial transactions.
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