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<p>[QUOTE="medoraman, post: 1142504, member: 26302"]I would point out also that it was not a law outlawing melting cents and nickels, it was a treasury rule. This has not been litigated, and in the past the courts have ruled that coins are individuals personal property, not public property, so legally the government should have no authority on what you do with them. They would have authority to prevent export, but not what you do with your private property in the US. The treasury still has no issue with defacement of cents, (elogated cents have been made for eons, and no one is stopping them), so I believe in reality the rule is there to scare smelters into not accepting them to smelt until the percentage of them in circulation is miniscule. I believe they will be force by economics to change the nickel at least, and by the time older cents and nickels are gone from circulation they will repeal the rule, unless forced to earlier by a lawsuit.</p><p><br /></p><p>Treasury rules do not equal constitutional law, especially unchallenged. The big point is who would challenge it? That takes money.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1142504, member: 26302"]I would point out also that it was not a law outlawing melting cents and nickels, it was a treasury rule. This has not been litigated, and in the past the courts have ruled that coins are individuals personal property, not public property, so legally the government should have no authority on what you do with them. They would have authority to prevent export, but not what you do with your private property in the US. The treasury still has no issue with defacement of cents, (elogated cents have been made for eons, and no one is stopping them), so I believe in reality the rule is there to scare smelters into not accepting them to smelt until the percentage of them in circulation is miniscule. I believe they will be force by economics to change the nickel at least, and by the time older cents and nickels are gone from circulation they will repeal the rule, unless forced to earlier by a lawsuit. Treasury rules do not equal constitutional law, especially unchallenged. The big point is who would challenge it? That takes money.[/QUOTE]
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