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Topic: Is it counterfeiting?
Message: Posted by: Dorian Rhodell (Mar 22, 2015 02:05PM)

I'm sure this topic has been covered before, but I can't find it, and I'm insanely curious.

Basically, I'm wondering how counterfeiting laws apply to the production of gimmicked coins. These coins are, of course made to look real, and are exact copies of real coins.

But ...

If it's illegal to produce exact copies of coins and bills, how is it that manufacturers are able to do just this?

Is there an agreement they sign, or a fee they pay? Obviously, these companies aren't about to break the law, so there must be something that makes everything legal.

Paul's response:

The counterfeiting laws were enacted to keep people from profiting by defrauding other people, destabalizing the economy, etc. In other words, obviously criminal intent. I believe that you are safe from prosecution as long as there is no intent to defraud. Maybe one of the lawyers on board could address this? Also, I'm pretty sure the laws covering this are publc record and available without directly contacting the treasury!
Maybe Harvey Rosenthal could shed some light...

Best, PSC