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Do you really own your AGE's and other government issued bullion??
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<p>[QUOTE="medoraman, post: 998975, member: 26302"]To the OP point, yes the government has made a law saying melting cents and nickels illegal, but I do not think it would stand if challenged. There was a previous case where the courts have ruled coins are personal property, that once government puts them into circulation they do not own them anymore except to make sure someone isn't using them deceptively. Melting of your own personal property is perfectly legal, and I think if nickels and cents became worth 4x or 5x face someone would challenge the law and win. This takes money, though, and its free for government to pass an illegal law and scare smelters from melting their now inflation eroded coinage. So I am saying YES, you do own your coins and have the right to do whatever you want with them. In time this law will fall, or it will just be worth enough to export US coins out of country for smelting, as has happened to India, Philippines, and many other countries.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 998975, member: 26302"]To the OP point, yes the government has made a law saying melting cents and nickels illegal, but I do not think it would stand if challenged. There was a previous case where the courts have ruled coins are personal property, that once government puts them into circulation they do not own them anymore except to make sure someone isn't using them deceptively. Melting of your own personal property is perfectly legal, and I think if nickels and cents became worth 4x or 5x face someone would challenge the law and win. This takes money, though, and its free for government to pass an illegal law and scare smelters from melting their now inflation eroded coinage. So I am saying YES, you do own your coins and have the right to do whatever you want with them. In time this law will fall, or it will just be worth enough to export US coins out of country for smelting, as has happened to India, Philippines, and many other countries.[/QUOTE]
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Do you really own your AGE's and other government issued bullion??
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