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<p>[QUOTE=&quot;NorthKorea, post: 1134488, member: 29643&quot;]Thank you for the correction about the status. You&#039;re correct that it wasn&#039;t passed by Congress and therefore not a law. However, as a regulation, if you are found in violation, you would be subject to the consequences of such.</p><p><br /></p><p>I&#039;m not a billionaire, so I wouldn&#039;t exactly call the $10,000 and five years in prison maximum per instance &quot;toothless.&quot;</p><p><br /></p><p>As for fry-daddy&#039;s question of &quot;why melt known quantities&quot;...</p><p><br /></p><p>The best answer I can give is that the 90% coins, as circulated currency, don&#039;t hold assay once they leave the mint. Smelters pay by the gram, as opposed to face-value multipliers. They then melt the coins to recover not only the silver, but the copper and whatever other base metals that might be present in the particular coins in question. If I were operating a business in an economy without a legitimate fiat currency, I would be more hesitant to accept 90% coin than properly documented and assayed silver. There are tests to verify silver and gold content. I&#039;m sure that if the price of silver should breach $50 per ounce, then better silver tests would be developed for pawn shops to quick test silver purity. With smelted/assayed silver, the assumption is .999 purity. It might be higher, but that&#039;s the minimum if it&#039;s &quot;pure silver.&quot; That can be used to establish a value quickly based upon weight in troy or grams.</p><p><br /></p><p>In both cases, you&#039;d need a gram scale (ideally to two decimal places) to give a fair price, and more likely than not, the US coin silver would be accepted at a discount to [insert name of country here] bullion silver.</p><p><br /></p><p>Conder, where/how did you find out that the regulation exempts war nickels? I&#039;d like a definitive answer on that before I start chasing them down en masse.[/QUOTE]</p><p><br /></p>

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