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why is it counterfieting? itz not the same as the current u.s. coinage...i thought states or individuals could print their own as long as they didnt say it was the real deal that comes out of the u.s. mints....


3 posted on 04/04/2011 10:23:04 AM PDT by raygunfan
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To: raygunfan

Has anyone ever noticed that in countries like the UK, private banks print (or use to) their own currency? (pounds sterling)

As long as they meet the legal US standard for silver and gold coins they should be allowed.


9 posted on 04/04/2011 10:31:11 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: raygunfan
why is it counterfieting? itz not the same as the current u.s. coinage...i thought states or individuals could print their own as long as they didnt say it was the real deal that comes out of the u.s. mints....

Title 18 > Part 1 > Chapter 25 > § 485: "Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents or any gold or silver bar coined or stamped at any mint or assay office of the United States, or in resemblance or similitude of any foreign gold or silver coin current in the United States or in actual use and circulation as money within the United States...Shall be fined under this title or imprisoned not more than fifteen years, or both. "

32 posted on 04/04/2011 12:35:00 PM PDT by K-Stater
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