@jt88 said:
If you buy this coin in auction can the government confiscate it?
Is this a "coin" if there's no denomination?
I know the collecting community may call it a coin but it seems the government and coin collecting community have different definitions of some things.
Technically it’s a “fantasy piece”. It has no denomination and was never monetized by Congress.
@jt88 said:
If you buy this coin in auction can the government confiscate it?
Is this a "coin" if there's no denomination?
I know the collecting community may call it a coin but it seems the government and coin collecting community have different definitions of some things.
Technically it’s a “fantasy piece”. It has no denomination and was never monetized by Congress.
As with this coin, I’m sure there’s a statute of limitations that applies.
A statute of limitations would apply to the prosecution of the person who might have broken the law to create the coin or remove it from the mint. If the Feds were to deem it contraband it would remain illegal even if those responsible could no longer be prosecuted.
@jt88 said:
If you buy this coin in auction can the government confiscate it?
I doubt it as a number of other Sacajawea quarter mules have sold at auction.
Someone can correct me if I am wrong but I believe the other Sacagawea mules are legal because some were found in rolls or bags that were distributed through normal channels.
@jt88 said:
If you buy this coin in auction can the government confiscate it?
I doubt it as a number of other Sacajawea quarter mules have sold at auction.
Someone can correct me if I am wrong but I believe the other Sacagawea mules are legal because some were found in rolls or bags that were distributed through normal channels.
I'm not sure abut these specifically, but there are often a few ways coins can be legal to own, including distribution and being vetted by the Secret Service.
@FredWeinberg had a good census of these on his website and may be able to comment.
The US mint actually sent out a press release around May/June 2000 acknowledging the Quarter/Sac
mules-There was never a serious threat to confiscate them
Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
@FredWeinberg said:
The US mint actually sent out a press release around May/June 2000 acknowledging the Quarter/Sac
mules-There was never a serious threat to confiscate them
Comments
Technically it’s a “fantasy piece”. It has no denomination and was never monetized by Congress.
Piece de caprice then.
👌😎
PCGS catalogs this as a regular coin (non-error) with coin number 893257:
https://www.pcgs.com/coinfacts/coin/2000-d-sac-1-mule-south-carolina-25c/893257/64
A statute of limitations would apply to the prosecution of the person who might have broken the law to create the coin or remove it from the mint. If the Feds were to deem it contraband it would remain illegal even if those responsible could no longer be prosecuted.
Someone can correct me if I am wrong but I believe the other Sacagawea mules are legal because some were found in rolls or bags that were distributed through normal channels.
I'm not sure abut these specifically, but there are often a few ways coins can be legal to own, including distribution and being vetted by the Secret Service.
@FredWeinberg had a good census of these on his website and may be able to comment.
The US mint actually sent out a press release around May/June 2000 acknowledging the Quarter/Sac
mules-There was never a serious threat to confiscate them
for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
Thanks @FredWeinberg!
It's great to know the Mint acknowledged these!