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For sale: A 50-cent coin necklace going for $37. Is this legit?

Would you pay almost $40 for a 50-cent coin?

What if the coin was made into a necklace?

If you're keen, there are a few sellers on Etsy, an online marketplace, flogging Singapore 10-cent and 50-cent coin-jewellery.

An example is this necklace - made out of a $1 Singapore coin - retailing for $37.45 from someone known simply as 'TheCoinShop'.

 

Under the description of the coin, she writes: This $1 Singapore coin has been recommended as a Feng Shui cure or activator by a few Masters.

Here is one popular tip by Master Lynn Yap $1 Singapore coins generate wealth and luck.

According to the Singapore Feng Shui Queen, they have special powers to draw Good Luck into the house and also to protect the house against bad omens.

The same e-retailer is also selling a 50-cent coin - fashioned into a necklace - for $37.45.

While there is limited information about her identity, it seems likely she is based in the United States.

The website indicates that these products are shipped from the US.

Going by the reviews, 'coin jewellery' certainly has its fair share of fans.

Another seller has simply used a 20-cent coin and a leather cord to make a necklace worth $16.08.

Some like troiloartevintage have gone one step better - by putting up just a simple vintage 10-cent coin for $9.30.

That's right, almost $10.

Is such coin jewellery legal?

According to the Currency Act, it's not.

Mutilating, destroying or defacing currency notes and coins

23.

—(1)  Any person who —

(a)
mutilates or destroys any currency note or coin;
(b)
causes any change in a coin so as to destroy or diminish its value or utility;
(c)
prints or stamps, or by any like means writes, or impresses, on any currency note any mark, word, letter or figure; or
(d)
defaces any coin by stamping thereon any name or word, whether the coin is or is not thereby impaired, diminished or lightened,
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.

Since the sellers are based overseas, lawyer Rajan Supramaniam said it will be difficult for the police to establish their identity.

"But it is possible, that if this were to be pursued, these sellers could be called up by the Singapore police," he added.

Source: Etsy

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