Is it illegal to turn coins into rings?

Is it illegal to turn a coin into a ring? No. US laws state that it is illegal to deface or alter currency 'with the intention to defraud'. For instance, it is illegal to alter a one dollar bill with the intent to pass it off as a ten dollar bill.

silverstatefoundry.com - Frequently Asked Questions about Coin Rings - Silver State Foundry

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Coin Rings are finger rings hand forged primarily from gold, silver, brass, or copper coins. Usually they result in rings that preserve and display the detail from the original coin, both inside the ring's band, and the outside of the band which faces the world. First, based on the target size of the ring, a hole is carefully punched in the center of the coin. Second, using a complex combination of heat, pressure, and specialty tools, the coin is 'folded' into the desired ring shape, carefully protecting all the coin's detail. Third, a ring stretcher and special tools are use to dial in the final size and shape of the ring. Finally, the ring's edges are sanded and the ring is finished with either a rich patina that makes the ring's details 'pop', or a lustrous polish that shines brightly.

Is it illegal to turn a coin into a ring?

No. US laws state that it is illegal to deface or alter currency 'with the intention to defraud'. For instance, it is illegal to alter a one dollar bill with the intent to pass it off as a ten dollar bill. Coin rings are different in that there is no intention to present the ring as legal tender to purchase products or services. There is no intent to defraud or counterfeit by creating the ring. In this way, similar to the 'souvenir penny stretcher' machines found at tourist attractions and amusement parks - turning a coin into an object other than currency.

Which coins make the best coin rings?

Silver coins typically make the best coin rings. Silver coins respond best to the heat and pressure forging techniques required to create coin rings. Since few coins minted today are made of silver, vintage coins containing 50-92.5% silver are usually chosen. For US coins, these would include Morgan Silver Dollars, Walking Liberty Half Dollars, older Washington Quarters, Franklin Half Dollars, and certain JFK Half Dollars, amount others. There are other, more recently minted coins which contain 90%+ silver, called Silver Proofs, Gems, or Bullion. These coins were never released for circulation as currency because their value in silver or gold is worth many times the face value of the coin, but they make great coin rings. And there are a lot of vintage foreign coins with sufficient silver content to make good quality coin rings.

Which coins do not make good coin rings?

Many non-silver metals, such as copper, brass, and nickel, irritate and cause discoloration of the skin. Since most recently issued coins use a combination of these metals (known as 'clad' coins), they do not make good coin rings.

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