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<p>[QUOTE=&quot;Collector1966, post: 785946, member: 17919&quot;]In 1967, there was a law implemented to prohibit the melting of US silver coins in a vain attempt to keep them in circulation. But people were hoarding the 90% silver coins, as well as the 40% Kennedys that were being produced at the time, and they didn&#039;t circulate. Two years later, the Coinage Act of 1969 was passed which made the melting of US silver coins legal.</p><p><br /></p><p>In 2007, a similar law was implemented ostensibly to keep pennies and nickels, whose metal content may be more than their face value, in circulation by preventing their exportation and melting. The other poster said he was nonetheless hoarding those coins. No doubt many others are as well.</p><p><br /></p><p>I was pointing out the similarities between today and 40 years ago.</p><p><br /></p><p>Where&#039;s the contradiction?[/QUOTE]</p><p><br /></p>

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