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According to federal law, you are not allowed to fraudulently deface or mutilate any U.S. or foreign currency in use in the United States. However, "fraudulently" is the operative word. *Essentially, if you never try to use the coin as currency again, then drilling a hole into, or otherwise mutilating, a coin is not illegal.* Otherwise, operators of the popular coin press machines would be in serious trouble. However, if you try to pass the coin back into circulation, then you are committing a serious crime. 

Read more: http://www.ehow.com/how_7601392_drill-through-coins.html#ixzz2gafjy9eA
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