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Does Fed melt bronze for profit?
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<p>[QUOTE="GDJMSP, post: 288815, member: 112"]Now actually stop and think about what you are suggesting gang - then ask yourself this question. Why does the mint make so many cents every year ? Because they are all removed from circulation by the public. They sit in jars and bowls in every house in America, sometimes for years. And that has been the case for more decades than I can remember.</p><p><br /></p><p>And the public doesn't do this to save them for the copper value - they do it just to save them, as money. Then, sometimes years later, they go and cash them in. Where do you think all these stories about people cashing in thousands, thousands of dollars worth of cents come from ? There are about a half dozen published every year. Now think about all those that aren't published.</p><p><br /></p><p>No, the govt, isn't hoarding cents to melt them for their metal value. They'd get rid of them in a heartbeat if they could. They've tried several times already. But every time they try there is a public outcry and the cent remains.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 288815, member: 112"]Now actually stop and think about what you are suggesting gang - then ask yourself this question. Why does the mint make so many cents every year ? Because they are all removed from circulation by the public. They sit in jars and bowls in every house in America, sometimes for years. And that has been the case for more decades than I can remember. And the public doesn't do this to save them for the copper value - they do it just to save them, as money. Then, sometimes years later, they go and cash them in. Where do you think all these stories about people cashing in thousands, thousands of dollars worth of cents come from ? There are about a half dozen published every year. Now think about all those that aren't published. No, the govt, isn't hoarding cents to melt them for their metal value. They'd get rid of them in a heartbeat if they could. They've tried several times already. But every time they try there is a public outcry and the cent remains.[/QUOTE]
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