drilling a hole in a coin?

Question

is it legal to alter canadian money? i want to put a hole in a dime to put on a necklace. and how would i put a hole in the coin?

Answer 1

It is illegal to deface any money, but people still do. I looked it up, no one has ever been prosecuted for this crime!
Use a small drill bit on a electric drill.

Answer 2

it's probably illegal, but if you were going to do it you'd need a drill and an appropriate size drill bit. I'd recommend a #59 wire gauge bit (will work for 20g and smaller wire as is, if filed slightly will fit 18g). When you drill, secure the dime to a piece of wood or something moderately thick (1-2 cm should work). Use tape, a clamp, anything to keep it from moving while you drill. It will get very warm, so don't hold it with your bare fingers (this is to avoid the, "Ow, hot!" followed by letting it go and the coin spinning around on the drill and going flying across the room.)

Answer 3

Are you in Canada? Canada may have laws for Canadian money *inside* Canada. I doubt that they extend beyond the nation's borders.

Relative to USA usage, when a coin is altered, it *ceases* to be legal currency and becomes scrap metal or a craft supply. Attempting to use it as money afterward is when the Law gets involved.

I recall exhibits and clothing embellished with USA coins at the Arizona State Fair every year I had attended. Some coins were drilled, others were hammered to make them dome-shaped and button-backs soldered in place. Buffalo nickels were a favorite for buttons.

If you wish to preserve the monetary and/or numismatic value of a coin, don't drill it. Get a nice rim-mount from a numismatic supplier.

Answer 4

It is actually only illegal to deface coins for the purpose of fraud in the U.S. Over periods of time the Treasury department has made a stink once in a while about love tokens but have had little to say about drilling a hole in them. I think Canada though, has stronger laws on the subject, but in reality can not really enforce them. It is better to get a coin bezel to put the oin in that way no hole. Most jewelery companies have inexpensive bezels. They should be available in base metals from a jewelry supply company.

Answer 5

To answer your first question, it is not legal to deface currency.

As for the necklace, why not create a holder for the coin and place it in that (like a convention badge necklace). You could change out the currency to whatever country you wanted, and maybe even get a gold coin at some point to put in there.

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Answer 6

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Answer 7

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Answer 8

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Answer 9

If it's illegal to deface it, you might like to try gluing it with superglue on to a pendant fitting which you can get in jewelry-making stores and craft stores, then hanging it on a chain. This would be cheap and easy to do.

Answer 10

It is illegal to deface American money but I don't know about Canadian although I would think so.