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What Happens If You Destroy a Coin?

Published in Economics 2 mins read

Destroying a coin can have several consequences, depending on the coin's value and the reason for its destruction.

Legal Consequences:

  • Damage to Currency: Destroying legal tender, like US currency, is not explicitly illegal. However, damaging coins with the intent to defraud is considered a crime.
  • Historical or Numismatic Value: If you destroy a coin with historical or numismatic value, you may be committing a crime, depending on the coin's rarity and significance. This is because historical artifacts are often protected by law.

Practical Consequences:

  • Loss of Value: Destroying a coin, especially one with numismatic value, will result in a loss of its monetary and historical value.
  • Environmental Impact: Melting coins for metal can have environmental consequences, as it requires energy and can release harmful pollutants.

Ethical Considerations:

  • Respect for History: Destroying a coin, particularly one with historical significance, can be seen as disrespectful to the past.
  • Financial Responsibility: Destroying a coin with monetary value can be considered wasteful, especially if the coin could have been used for other purposes.

It's important to remember that coins are a part of our history and economy. Consider the consequences before destroying any coin.

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