(1)
No person shall—
(a) make or issue or attempt to issue any metal piece except as provided under section 4 for the purpose of coin;
(b) possess, custody or control of any metal piece with the intent to issue the piece for use as money for a medium of exchange.
(2)
Whoever contravenes the provisions of sub-section (1) shall be punishable with imprisonment which may extend to one year or with fine or with both:
Provided that if any person convicted under this section is again convicted, he shall be punishable with imprisonment which may extend to three years or with fine or with both.