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<p>[QUOTE=&quot;Check_M_All, post: 170422, member: 6661&quot;]Treashunt is right as far as my understanding. There is a difference between replica and counterfeit. It is legal to make a replica coin with the word &quot;COPY&quot; on it. There are guidelines about the size that the word has to be and such. Counterfeit is made to deceive, to be passed off as authentic. It is always illegal to produce counterfeits. However it is not illegal to own counterfeits that have been produced... kind of backward logic, but....</p><p><br /></p><p>The laws on defacing money are concerned with altering the money to try to pass it off as a different value. Essentially, you can do anything you want to your money. It&#039;s yours. There are just things that, if done, it becomes illegal to try to circulate the money. </p><p><br /></p><p>Melting coins is legal. It is not defacing. It is destroying. There is no law preventing it, however, if necessary to preserve the money supply, the government can institute a law. This is unlikely considering all of the talk of ditching the cent anyway.</p><p><br /></p><p>It would not take hundreds of thousands of coins to make it worthwhile. If you could get 2 cents a piece for them, 100 rolls or $50 would yield $100. </p><p><br /></p><p>You cannot get full copper scrap price/pound for them, though. The coins are 95% copper. This puts them into the category of #2 copper, which gets a lower price. #1 copper must be at least 98% pure, clean copper.</p><p><br /></p><p>I keep them. I believe that they will disappear from the money supply and in time will gain in value. Look at the old wheat backs. There are so many of them still out there, but they&#039;ve been hoarded up. Rolls of circulated, common date wheats can sell for as much as $3/roll. </p><p><br /></p><p>I have seen those copper investment bars on eBay. 1 pound of pure copper stamped, blah, blah... at ~$50, and I have seen people buying them at that price. The buyers - well.... The sellers - Genius! Would I ever buy one. Not a chance, but, hey, if there are people who will buy it... more power to &#039;em. Makes me wish I had a home smelting kit. I might throw some cents in there... a bunch of pre-82&#039;s with some zincs in a proportion to make 92.5% copper 7.5% zinc, and market some 1lb. &quot;Sterling Copper .925 fine&quot; bars for $35. A substantial discount over .9999 fine copper. Stamp some neat pictures of Marilyn Monroe, astronauts, Santa... and they&#039;re also &quot;art bars&quot; not just a &quot;wise&quot; investment, but beautiful to behold.[/QUOTE]</p><p><br /></p>

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