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<p>[QUOTE="Conder101, post: 810148, member: 66"]It is a Treasury Regulation and while not technically a law they do have the force of law so you can be charged and convicted of violating the regulation.</p><p><br /></p><p><br /></p><p>Simple answer, because the regulations says you can't MELT them, it does not say you can't damage them so they can't be used. So mutilation is legal, as long as you don't melt them. May sound silly but that is the way they wrote it.</p><p><br /></p><p>As for those who say they will wait until melting them is legal before they start hoarding them, that would have been like waiting until 1972 before deciding to start hoarding silver out of circulation. By that time 99% of the silver had already been pulled out of circulation. That was why the laws against melting the silver coins were repealed, there was almost none left in circulation so the loss of circulating coins due to melting was negligible, and it wasn't even worthwhile for the automated separators at the Fed to continue pulling out the silver.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 810148, member: 66"]It is a Treasury Regulation and while not technically a law they do have the force of law so you can be charged and convicted of violating the regulation. Simple answer, because the regulations says you can't MELT them, it does not say you can't damage them so they can't be used. So mutilation is legal, as long as you don't melt them. May sound silly but that is the way they wrote it. As for those who say they will wait until melting them is legal before they start hoarding them, that would have been like waiting until 1972 before deciding to start hoarding silver out of circulation. By that time 99% of the silver had already been pulled out of circulation. That was why the laws against melting the silver coins were repealed, there was almost none left in circulation so the loss of circulating coins due to melting was negligible, and it wasn't even worthwhile for the automated separators at the Fed to continue pulling out the silver.[/QUOTE]
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