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<p>[QUOTE=&quot;cvicisso, post: 1351865, member: 29382&quot;]The law/rule in question states: </p><blockquote><p><i>Any person who exports, melts, or treats 5-cent coins or one-cent coins of the United States in violation of § 82.1 shall be subject to the penalties specified in <a href="http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=browse_usc&amp;docid=Cite:+31USC5111" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=browse_usc&amp;docid=Cite:+31USC5111" rel="nofollow">31 U.S.C. 5111</a>(d), including a fine of not more than $10,000 and/or imprisonment of not more than 5 years.</i></p><p><i><br /></i></p><p><i><br /></i></p></blockquote><p>You can find it here: <a href="http://www.federalregister.gov/articles/2006/12/20/06-9777/prohibition-on-the-exportation-melting-or-treatment-of-5-cent-and-one-cent-coins#p-38" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalregister.gov/articles/2006/12/20/06-9777/prohibition-on-the-exportation-melting-or-treatment-of-5-cent-and-one-cent-coins#p-38" rel="nofollow">http://www.federalregister.gov/articles/2006/12/20/06-9777/prohibition-on-the-exportation-melting-or-treatment-of-5-cent-and-one-cent-coins#p-38</a></p><p><br /></p><p>That being said... I personally hoard copper pennies. I pay face value, sort them, and stash them away. The penny (and probably the nickel) will be phased out soon (definitely this decade). At a minimum, the composition is going to be changed for the penny (again) and the nickel. Legislation is already in the works. Some could argue that this alone will cause an increase in value for ALL currently-circulating pennies, but particularly the copper ones.</p><p><br /></p><p>The details have been mentioned over and over, so I won&#039;t draw this out. IMHO, the law just doesn&#039;t matter. I also collect silver &#039;junk&#039; coins, as MANY on this forum do. How many of you melt them down? You don&#039;t? Why? Because that would be retarded. And you are not retarded... right? U.S. coins are in an easily identifiable / verifiable &#039;format.&#039; No one is going to request an assay on a $100 bag of copper pennies, and - perhaps more importantly - no one is going to counterfeit a $100 bag of pennies. Because <i>they </i>would be retarded. I just fail to see why in post after post people automatically assume that penny hoarders are going to melt their stash. Why would they do that? Why would they want to make it LESS authentic? Would Billy Bob melt down his $1000 face 90% junk coins, pour them into bars and stamp them 90% pure, Billy Bob&#039;s Metals, LLC, BFE? Yes. If... he&#039;s a <span style="color: #ff0000">edited, forum rules</span>. If not, he would keep his junk (heh heh... I said &#039;keep his junk&#039; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />) in its current EASILY IDENTIFIABLE FORM. </p><p><br /></p><p>Jeesh![/QUOTE]</p><p><br /></p>

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