Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Selling Copper/Silver? Huh?
>
Reply to Thread
Message:
<p>[QUOTE="John Burgess, post: 8092654, member: 105098"]far as I know it's been "unlawful" to melt copper cents or nickels since 2007. and illegal to export them also since then. </p><p><br /></p><p>You can melt and export silver and gold u.s. coins if you like though. it was "unlawful" to melt silver coins in the late 60s for a couple years... '67-'69.... I think.</p><p><br /></p><p>Anyways, pretty sure the cent and nickel thing is due to the costs involved with minting new ones for circulation if people are removing them to melt and export. </p><p>travelers may take up to $5 in pennies and nickels out of the country, and individuals may ship up to $100 in these coins out of the country. </p><p><br /></p><p>and I though people caught faced up to a $10,000 fine, or imprisonment of up to five years, or both. it was an interim rule, not sure if it was suspending since 2007, or if it still applies. Just saying it was a thing. </p><p><br /></p><p> It is <i>not</i> illegal to melt, form, destroy, or otherwise modify US coins, including pennies, unless the objective is fraudulent or with the intent of selling the raw materials of the coins for profit at the cost of the taxpayers needing to pay for the replacement of it for commerce use.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 8092654, member: 105098"]far as I know it's been "unlawful" to melt copper cents or nickels since 2007. and illegal to export them also since then. You can melt and export silver and gold u.s. coins if you like though. it was "unlawful" to melt silver coins in the late 60s for a couple years... '67-'69.... I think. Anyways, pretty sure the cent and nickel thing is due to the costs involved with minting new ones for circulation if people are removing them to melt and export. travelers may take up to $5 in pennies and nickels out of the country, and individuals may ship up to $100 in these coins out of the country. and I though people caught faced up to a $10,000 fine, or imprisonment of up to five years, or both. it was an interim rule, not sure if it was suspending since 2007, or if it still applies. Just saying it was a thing. It is [I]not[/I] illegal to melt, form, destroy, or otherwise modify US coins, including pennies, unless the objective is fraudulent or with the intent of selling the raw materials of the coins for profit at the cost of the taxpayers needing to pay for the replacement of it for commerce use.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Selling Copper/Silver? Huh?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...