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Masonic penny and maybe a button
- Thread starter dk dogs
- Start date
From the US Treasury department website, the law on currency:
Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months, or both.
Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months, or both.
Bayoutalker
New member
What about all of those machines at tourist areas that flatten a penny and imprint it with a picture of some kind? If that were illegal surely they would not exist.
http://en.wikipedia.org/wiki/Elongated_coin
The US statute which prohibits the mutilation of US currency only applies if you try to use it fraudulently.
"The process of creating elongated coins is legal in the United States, almost all parts of Japan, South Africa and parts of Europe. In the United States, U.S. Code Title 18, Chapter 17, Section 331 prohibits "the mutilation, diminution and falsification of United States coinage." The foregoing statute, however, does not prohibit the mutilation of coins, if the mutilated coins are not used fraudulently, i.e., with the intention of creating counterfeit coinage or profiting from the base metal (the pre-1982 copper U.S. cent which, as of 2010, is worth more than one cent in the United States). Because elongated coins are made mainly as souvenirs, mutilation for this purpose is legal, when location of the coin presser has the permit from the mint to do so."
Its only illegal if you alter currency to try to increase its value, IE, turn $1 bill into $10 bill, ect. There will always be people that complain about the laws but if it was illegal it wouldn't be so popular at all the amusement parks. I've seen these penny flattener machines at Museums and court houses...
The US statute which prohibits the mutilation of US currency only applies if you try to use it fraudulently.
"The process of creating elongated coins is legal in the United States, almost all parts of Japan, South Africa and parts of Europe. In the United States, U.S. Code Title 18, Chapter 17, Section 331 prohibits "the mutilation, diminution and falsification of United States coinage." The foregoing statute, however, does not prohibit the mutilation of coins, if the mutilated coins are not used fraudulently, i.e., with the intention of creating counterfeit coinage or profiting from the base metal (the pre-1982 copper U.S. cent which, as of 2010, is worth more than one cent in the United States). Because elongated coins are made mainly as souvenirs, mutilation for this purpose is legal, when location of the coin presser has the permit from the mint to do so."
Its only illegal if you alter currency to try to increase its value, IE, turn $1 bill into $10 bill, ect. There will always be people that complain about the laws but if it was illegal it wouldn't be so popular at all the amusement parks. I've seen these penny flattener machines at Museums and court houses...
Bayoutalker
New member
Thanks for the info. I always wondered about that.