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- - Don't melt coins. (http://goldismoney.info/forums/showthread.php?t=91982)

Argentsum | 12-14-2006 10:40 AM
Don't melt coins. Straight from money.cnn.com If this ain't an invitation to hoard I don't know what is. http://money.cnn.com/2006/12/14/news...ion=2006121410 Mint: Don't melt money Government threatens prison for violators; at current prices the metal value of the coins may exceed their face values. December 14 2006: 10:22 AM EST <!--startclickprintexclude--> <!-- CONTENT --><!--endclickprintexclude--> NEW YORK (CNNMoney.com) -- The U.S. Mint has implemented a law against melting down pennies and nickles which, at current metals prices, could be worth more as metal than as currency. The Mint has received numerous questions over the past several months regarding the metal value of the coins and the legality of melting them. <!--startclickprintexclude--><TABLE style="PADDING-LEFT: 10px" cellSpacing=0 cellPadding=0 width=220 align=right border=0><TBODY><TR><TD class=IErow><TABLE cellSpacing=0 cellPadding=0 width=220 border=0><TBODY><TR><TD align=middle>http://i.cnn.net/money/2006/12/14/ne...nickels.03.jpg</TD></TR><TR><TD vAlign=top align=left>The U.S. nickel</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><!--endclickprintexclude-->"We are taking this action because the Nation needs its coinage for commerce," said Director Ed Moy in a statement. "We don't want to see our pennies and nickels melted down so a few individuals can take advantage of the American taxpayer. Replacing these coins would be an enormous cost to taxpayers." The new regulations authorize a fine of up to $10,000, or imprisonment of up to five years, or both, against violators. The rule also bans the exportation of the coins, beyond traveling with $5 worth and shipping up to $100 for legitimate purposes. <!--startclickprintexclude--><HR width="100%" noShade SIZE=1>

Lackluster | 12-14-2006 10:44 AM
Re: Don't melt coins. "We don't want to see our pennies and nickels melted down so a few individuals can take advantage of the American taxpayer." That's the Government's job.

The Great Ag | 12-14-2006 12:20 PM
Re: Don't melt coins. Quote:
Originally Posted by Lackluster (Post 444754) "We don't want to see our pennies and nickels melted down so a few individuals can take advantage of the American taxpayer." That's the Government's job.
Lackluster tells the truth!! We cant' screw each other, that's un-American. Only the gov't can screw us! The Great Ag

Big_Rob | 12-14-2006 01:39 PM
Re: Don't melt coins. Quote:
Originally Posted by The Great Ag (Post 444876) Lackluster tells the truth!! We cant' screw each other, that's un-American. Only the gov't can screw us! The Great Ag
Heh, and they do such a good job at doing it too.

grizzlyduck | 12-14-2006 02:12 PM
Re: Don't melt coins. i have been saving my pre-82 pennies and all my nickles for quite awhile now. i guess if i can't melt them in the future i'll just use them to pay my taxes this year. shipping will be a bitch, but it should be worth it. :D

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