Is it really legal to counterfeit nickels and pennies?
Is it really legal to counterfeit nickels and pennies?
I wouldn’t do it because of the cost of metal
http://www.law.cornell.edu/uscode/html/uscode18/usc_sec_18_00000485—-000-.html
"Anyone who manufactures a counterfeit U.S. coin in any denomination above five cents is subject to the same penalties as all other counterfeiters. Anyone who alters a genuine coin to increase its numismatic value is in violation of Title 18, Section 331 of the United States Code, which is punishable by a fine or imprisonment for up to five years, or both. "
http://www.secretservice.gov/money_law.shtml
If It is illegal show me where in the united states code that it would fall under.
yeah it is illegal to counterfeit pennies and nickels
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Too bad you didn’t read far enough in the Cornell University site you mention. This is the section of the United States Code that refers to counterfeit pennies and nickels:
http://www.law.cornell.edu/uscode/html/uscode18/usc_sec_18_00000490—-000-.html
TITLE 18 > PART I > CHAPTER 25 > § 490 Minor coins
" Whoever falsely makes, forges, or counterfeits any coin in the resemblance or similitude of any of the one-cent and 5-cent coins minted at the mints of the United States; or
Whoever passes, utters, publishes, or sells, or brings into the United States, or possesses any such false, forged, or counterfeited coin, with intent to defraud any person, shall be fined under this title or imprisoned not more than three years, or both."
The difference is in the penalty — three years vs fifteen years.
Yes it is illegal but probably not profitable now although it used to be.