2 The coin MUST be carried at all times. You can be challenged for it anywhere, any time. You must produce the coin without taking more than 1 step or an arm's length to produce it.
3. When challenging, the challenger must state whether it is for a single drink or a round of drinks.
4. Failure to produce a coin, for whatever reason, results in a
bought round or single drink (whatever the challenger
stated). This type of transaction could be expensive, so hold onto your coin. Once the offender (coinless challenger) has bought the drink or round, they can't be challenged again.
5. If all the challenged produce their coins, the challenger loses and must buy the drinks for all respondents. This too can be expensive, so challenge wisely.
6. Under no circumstances can a coin be handed to another in response to a challenge if a person gives their coin to another, that person can keep the coin -- it's theirs!!! However, if a person places the coin down and another person picks it up to examine it that is not considered giving, and the examiner are honour-bound to place the coin back. The examiner can't challenge while they hold another Members coin. After negotiating a ''reasonable" ransom", the examiner must return the, Member's coin.
7. If a coin is lost, replacement is up to the individual. A new coin should be acquired at the earliest opportunity -- losing a coin and not replacing it doesn't relieve a Member of his/her responsibilities. This is especially true if your fellow Members know that you traditionally carry a coin.
8. The coin should be controlled at all times. Giving a coin to just anyone is like opening a fraternity to just anyone. It is an honour to be given a coin, let's keep it that way. A given or awarded coin is of more personal value than a purchased coin.
9. No holes may be drilled in a coin.
10. The above rules apply to anyone who is worthy to be given/awarded a coin, has a purchased coin, or who is known to be a previous coin holder.
https://ibew993.org/wp-content/uploads/2016/08/IBEW993-Challenge-Coin-Rules-and-History.pdf
