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<p>[QUOTE="Conder101, post: 4802297, member: 66"]Haven't heard anything like that, do you have a source? It would be a good idea though, the sooner the better.</p><p><br /></p><p>What will happen to the ones in peoples hoards? They will sit there. Or they may get taken back to the bank, they will still be legal tender. Those taken back will eventually work their way back to the Federal Reserve and eventually get melted down. Just like all the previous obsolete coinage, large cents Indian heads, Shield, V and buffalo nickels etc.</p><p><br /></p><p>A buy back program? No, no need for one since they are still legal tender.</p><p><br /></p><p>Will they lose value? No more than they already have theyare so common they have no premium value.</p><p><br /></p><p>Will people melt them down? Only if copper gets high enough in price that after scrappers discount from spot for alloyed copper it would be profitable to do so. That would need to get copper to $6 or $7 a pound. Currently I think it's around $2.30[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 4802297, member: 66"]Haven't heard anything like that, do you have a source? It would be a good idea though, the sooner the better. What will happen to the ones in peoples hoards? They will sit there. Or they may get taken back to the bank, they will still be legal tender. Those taken back will eventually work their way back to the Federal Reserve and eventually get melted down. Just like all the previous obsolete coinage, large cents Indian heads, Shield, V and buffalo nickels etc. A buy back program? No, no need for one since they are still legal tender. Will they lose value? No more than they already have theyare so common they have no premium value. Will people melt them down? Only if copper gets high enough in price that after scrappers discount from spot for alloyed copper it would be profitable to do so. That would need to get copper to $6 or $7 a pound. Currently I think it's around $2.30[/QUOTE]
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