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<p>[QUOTE=&quot;Twiggs, post: 219566, member: 8076&quot;]3 - </p><p><br /></p><p><a href="http://www.usmint.gov/pressroom/index.cfm?flash=yes&amp;action=press_release&amp;ID=724" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/pressroom/index.cfm?flash=yes&amp;action=press_release&amp;ID=724" rel="nofollow">http://www.usmint.gov/pressroom/index.cfm?flash=yes&amp;action=press_release&amp;ID=724</a></p><p><br /></p><p>This article relates to the U.S govs ban on coin melting. The ban itself is somewhat laughable. You can leave the country with no more than 5.00 in coin in your pocket OR export 100.00 worth at any one time. HUH?</p><p>If they are so concerned with coin being shipped out to be melted down, then why allow any to be exported.</p><p><br /></p><p>The new regulations authorize a fine of not more than $10,000, or imprisonment of not more than five years, or both, against a person who knowingly violates the regulations.</p><p><br /></p><p>.......&quot;new regulation? what regulation? what are you talking about? Im not melting coin, why would I want to do that?&quot;</p><p><br /></p><p>GREAT scare tactic! How exactly do they plan on enforcing this ruling? The coin in your pocket is your property, to do with as you like. When it is actually in circulation, it belongs to the government.</p><p>What they really want is not to have to make any more because they can&#039;t afford it. SO you can&#039;t melt it down, but it doesnt say anything about hoarding, which seems to be what people are doing</p><p><br /></p><p>So hoard people!.</p><p><br /></p><p>Ive been saving Lincolns but Im in Canada, so does this ruling apply to me if they are in circulation up here?</p><p>If I take Mr. Lincoln and set fire to him, will I go to jail? The new law is vague and uninforcible for the average Joe. You would have to get caught at a smelter with a ton of coin for them to do anything.</p><p><br /></p><p>So the point to all of this...they will have to produce more cents and nickels whether they like it or not with a cheaper alloy. The Mint shouldn&#039;t have said anything in the first place. They now have created a shortage monster which will only get worse and will continue to drive the price of silver and copper up.</p><p><br /></p><p>My opinion....the multitude of Washington errors is nothing but a setup by the Mint. They are causing a buying hoarding frenzy to make a financial gain for their silver/copper blunder.[/QUOTE]</p><p><br /></p>

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