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<p>[QUOTE=&quot;chip, post: 891276, member: 19122&quot;]One huge difference between the 67-69 ban on melting silver coinage and the more recent ban against melting copper cents is that today all circulating US coinage contains copper. Knowing and trusting Mr. Dickens assessment of the general characteristic of the law, I would guess that the worry is that lifting the ban on melting copper could raise the price of copper used in coinage and then it would be possible that all coinage would end up being more intrinsically valuable than the nominal (face) value.</p><p><br /></p><p>Probably not, imo since the use of copper for coins is a fraction of its use. The rising value of copper would be more due to the unreasonable practice of attempting to secure political support thru redistributing money according to political loyalties than to people pulling pre 82 cents for smelting.</p><p><br /></p><p>Just as a note, this message is not politically partisan since many examples can be furnished of political actions that both major parties have enacted that took money from the people and gave it to those that support them.</p><p><br /></p><p>One recent proposal is to allow the director of the treasury to bypass congress and change metal composition for coinage as he sees fit. This would be a huge mistake since it could be used to benefit politically connected companies, and would further intrude the political fly into the public business ointment.[/QUOTE]</p><p><br /></p>

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