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COINAGE OFFENCES
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COINAGE OFFENCES . The coinage of See also:money is in all states a See also:prerogative of the See also:sovereign See also:power; consequently any infringement of that prerogative is always severely punished, as being an offence likely to interfere with the well-being of the See also:state. In the See also:United See also:Kingdom the See also:statute See also:law against offences See also:relating to the See also:coin was codified by an See also:act of 1861. The statute provides that whoever falsely makes or counterfeits any coin resembling or apparently intended to resemble or pass for any current See also:gold or See also:silver coin of the See also:realm (s. 2), or See also:gilds, silvers, washes, cases over or See also:colours with materials capable of producing the See also:appearance of gold or silver a coin or a piece of any See also:metal or mixture of metals, or files or alters it, with See also:intent to make it resemble or pass for any current gold or silver coin (s. 3), or who See also:buys, sells, receives or pays a false gold or silver coin at a See also:lower See also:rate than its See also:denomination imports, or who receives into the United Kingdom any false coin knowing it to be counterfeit (ss. 6, 7), or who, without lawful authority or excuse, knowingly makes or mends, buys or sells, or has in his custody or See also:possession, or conveys out of the Royal See also:Mint any coining moulds, See also:machines or tools, is guilty of See also:felony (ss. 24, 25). The See also:punishment for such offences is either penal See also:servitude for See also:life or for not less than three years, or imprisonment for not more than two years, with or without hard labour. Whoever impairs, diminishes or lightens current gold or silver coin, with intent to pass same, is liable to penal servitude for from three to fourteen years (s. 4), and whoever has in his possession filings or clippings obtained by impairing or lightening current coin is liable to the same punishment, or to penal servitude for from three to seven years. The statute also makes See also:provision against tendering or uttering false gold or silver coin, which is a See also:misdemeanour, punishable by imprisonment with or without hard labour. Provision is also made with respect to falsely making, See also:counterfeiting, tendering or uttering See also:copper coin, exporting false coin, or defacing current coin by stamping names or words on it, and counterfeiting, tendering or uttering coin resembling or meant to pass as that of some See also:foreign state. The act of 1861 applies to offences with respect to colonial coins as well as to those of the United Kingdom. By the constitution of the United States, See also:Congress has the power of coining money, regulating the value thereof and of foreign coin (See also:Art. i. s. viii.), and the states are prohibited from coining money, or making anything but gold and silver money a See also:tender in See also:payment of debts (Art. i. s. x.). The counterfeiting coin or money, uttering the same, or mutilating or defacing it, is an offence against the United States, and is punishable by See also:fine and imprisonment with hard labour for from two to ten years. It has also been made punishable by state legislation. Additional information and CommentsThere are no comments yet for this article.
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