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Copper in pennies worth more than a cent...
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<p>[QUOTE="Eskychess, post: 199581, member: 4692"]What you can and can't do and then what you will be prosecuted and not prosecuted for are two very different ideas. Yes, it's illegal to destroy money - however, I highly doubt you'll be prosecuted because the Federal government profits in most cases if you actually do destroy the money. Now the penny and nickel are becoming exceptions - but if you destroy say one of those new George Washington dollars, the government will simply make a brand new one at a fraction of the cost and keep the change. Now pennies and nickels, yes, if enough people destroyed enough that had to be replaced, seeing it costs more than a penny to make a penny (or one cent - I don't see the big deal in being so forceful with the correct term) then it would be a concern to the government. I still highly doubt the government would prosecute anyone for destroying money - for one it's stupid and for two if it does become profitable that profit will not last for very long. Look at how long silver lasted in circulation. Eventually all the coppers will disappear from circulation anyway. I have about $50 worth of BU coppers in a huge jug. I've been sorting pennies for a couple years now. If it's BU and copper, it's a keeper!</p><p><br /></p><p>Esky[/QUOTE]</p><p><br /></p>
[QUOTE="Eskychess, post: 199581, member: 4692"]What you can and can't do and then what you will be prosecuted and not prosecuted for are two very different ideas. Yes, it's illegal to destroy money - however, I highly doubt you'll be prosecuted because the Federal government profits in most cases if you actually do destroy the money. Now the penny and nickel are becoming exceptions - but if you destroy say one of those new George Washington dollars, the government will simply make a brand new one at a fraction of the cost and keep the change. Now pennies and nickels, yes, if enough people destroyed enough that had to be replaced, seeing it costs more than a penny to make a penny (or one cent - I don't see the big deal in being so forceful with the correct term) then it would be a concern to the government. I still highly doubt the government would prosecute anyone for destroying money - for one it's stupid and for two if it does become profitable that profit will not last for very long. Look at how long silver lasted in circulation. Eventually all the coppers will disappear from circulation anyway. I have about $50 worth of BU coppers in a huge jug. I've been sorting pennies for a couple years now. If it's BU and copper, it's a keeper! Esky[/QUOTE]
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