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 Replies: 53 / Views: 7,777 |
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Pillar of the Community
United States
809 Posts |
84 tons!! how much for shipping?  |
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Valued Member
United States
58 Posts |
I think he offers storage for you at his site.
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Pillar of the Community
 United States
4989 Posts |
A person can still be prosecuted even if they have complete ignorance of a law. They must, however, commit the act willfully. Hence, someone who inadvertently sells pennies to a legitimate looking buyer would not be guilty of a crime since the act they willfully committed - selling coins to some random buyer - is not illegal. If, however, someone sells coins to a known smelter (i.e. "wemeltyourcoins.com") they are culpable even if are ignorant of the currency laws.
Edited by fenton
01/07/2011 1:13 pm
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Bedrock of the Community
United States
17884 Posts |
The "not knowing" would save you from the fine and imprisonment. It would NOT protect you from the next part "In addition, by law, any coins exported, melted, or treated in violation of the regulation shall be forfeited to the United States Government. " That has nothing to do with not knowing. So you can avoid a $10K fine but you would lose all the cents and or copper.
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Pillar of the Community
United States
3294 Posts |
The legal term is Ignorantia juris non excusat, which looks to be Latin for, "I don't care if you didn't know about the law, go directly to jail and do not collect $200."
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Pillar of the Community
United States
958 Posts |
It's o.k superdave
He made himself the idiot with his lack of knowledge
He did not read the restrictions before his comment was posted.
HAD he actually READ the u.s mint press release he would have know what it said ,instead of hersey
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Pillar of the Community
United States
958 Posts |
its not ignorance of the law , that stops arrest and fines
like conder mentioned
" KNOWING "
Its the way the law is written itself.
If the pennies get siezed and taken away? I didnt even talk about that......nor is that my point the point was not knowing avoids jail time and fines
If the canadian man buys them in the usa then takes out of the country? The usa citzen did no crime.
the canadian that exported them broke any u.s laws.
The U.S cant just go arrest him in canada and sieze the coins or copper.
The canadian govt would have to give permission.
Just like right now it illegal for a canadian to melt down canadian copper cents.
But NOT illegal for a american to buy up to $10,000 worth of candian copper cents in canada and melt them down in the u.s.a
This has been discussed on other threads.
Right now if a man flies in from china buys those 25 million pennies and has them loaded on a docked asian freight ship sailing to china. Then flyss home to china
Good luck getting the chinese govt to extradite him.
Edited by coppertop5150
01/07/2011 8:14 pm
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Pillar of the Community
United States
3592 Posts |
I put a small disclaimer on my auctions to the effect that these coins are not for export or melt per our current laws. May not be perfect, but it proves I made an attempt and probably helps if I decide not to sell them to "wemeltpennies".
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Pillar of the Community
United States
958 Posts |
manineman I was wanting to know how many people dont know the melt/export restrictions. I emailed 2 sellers on ebay. of over $5 face in copper pre 82 cents Wheat cent rolls BOTH SAID THEY WOULD SHIP TO CANADA at buyers EXP. One said he WOULD SHIP ANYWHERE IN THE WORLD at buyers EXP. So it's obvious they ether "dont know" or willing to break the law Edited by coppertop5150
01/09/2011 12:04 am
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Valued Member
United States
117 Posts |
It's probably a publicity stunt. They will break it up and become the number one supplier of pre-82 copper to the bullion hoarding masses that are not collectors. They will probably branch out to silver and gold. Commercials on TV. Just a hunch.
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Valued Member
Canada
54 Posts |
Hi guys.I'm new to the site and just learned this fact now.Thank you
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Pillar of the Community
United States
1704 Posts |
Most people are unaware that cents are legal tender in amounts up $5.00 maximum. So, if the bank or retailer wanted to they don't have to take more than that in a single transaction. That law was written in 1793 when the cents were first coined and is still enforceable.
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Locked
822 Posts |
Quote:
Most people are unaware that cents are legal tender in amounts up $5.00 maximum. So, if the bank or retailer wanted to they don't have to take more than that in a single transaction. That law was written in 1793 when the cents were first coined and is still enforceable. Prove it please. |
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Pillar of the Community
United States
659 Posts |
If it is true that cents are only legal tender in amounts up to 5 dollars, DON'T TELL IT TO MY DUMP BANK! Last time I dumped $80 in pennies. They hate me.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Most people are unaware that cents are legal tender in amounts up $5.00 maximum. So, if the bank or retailer wanted to they don't have to take more than that in a single transaction. That law was written in 1793 when the cents were first coined and is still enforceable. Try again. US cents were NOT legal tender until the Act of April 22nd 1864 and even then they were only legal tender to the amount of ten cents. You are confusing it with the $5 legal tender limit placed on silver coinage in 1853. Cents finally received unlimited legal tender status in 1933. That legal tender status was restated in the coinage act of 1965. And while the US won't go into another country after a foreign national who comes over here, buys up the cents, and ships them home. If they intercept the cents before they enter the other country they will still confiscate them. Edited by Conder101
01/10/2011 11:43 am
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Replies: 53 / Views: 7,777 |
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Posted 01/07/2011 1:05 pm
