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<p>[QUOTE="RIchard Abanes, post: 6322770, member: 117841"]Given the following laws, where is the benefit of gathering together all of my junk copper coins & junk silver coins that have no significant numismatic value? </p><p><br /></p><p><br /></p><p>1. It is illegal to to melt down copper pennies & silver coins (nickels, dimes, quarters, dollars) for the sole intention of selling that copper/silver to offshore or local metal scraping industries.</p><p><br /></p><p>2. It is illegal to take more than $5 worth of pennies and nickels out of the U.S.</p><p><br /></p><p>3. It is illegal to sell the melted-down metal for profit.</p><p><br /></p><p><br /></p><p>I don’t understand how to sell my unwanted copper/silver coins for their spot silver/copper worth, nor do I know who would even bother buying these coins for the copper/silver prices if it is illegal to do anything with the copper/silver obtained from them. Can someone explain? I’ve read several online article sand none of them actual explain what I’m asking.</p><p><br /></p><p>Sorry if this is a dumb question. Very new to all of this stuff.[/QUOTE]</p><p><br /></p>
[QUOTE="RIchard Abanes, post: 6322770, member: 117841"]Given the following laws, where is the benefit of gathering together all of my junk copper coins & junk silver coins that have no significant numismatic value? 1. It is illegal to to melt down copper pennies & silver coins (nickels, dimes, quarters, dollars) for the sole intention of selling that copper/silver to offshore or local metal scraping industries. 2. It is illegal to take more than $5 worth of pennies and nickels out of the U.S. 3. It is illegal to sell the melted-down metal for profit. I don’t understand how to sell my unwanted copper/silver coins for their spot silver/copper worth, nor do I know who would even bother buying these coins for the copper/silver prices if it is illegal to do anything with the copper/silver obtained from them. Can someone explain? I’ve read several online article sand none of them actual explain what I’m asking. Sorry if this is a dumb question. Very new to all of this stuff.[/QUOTE]
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