Are You Kidding Me? 250k Face In Copper Pennies (!) - Page 4

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Author	Replies: 53 / Views: 7,782	Page: of 4

Maineman750 Pillar of the Community United States 3592 Posts	Posted 01/08/2011 06:34 am 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". Report this Post to the Staff
coppertop5150 Pillar of the Community United States 958 Posts	Posted 01/09/2011 12:03 am 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 Report this Post to the Staff
ebm Valued Member United States 117 Posts	Posted 01/09/2011 12:13 am 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. Report this Post to the Staff
CanadianCoinGuy Valued Member Canada 54 Posts	Posted 01/09/2011 01:48 am Hi guys.I'm new to the site and just learned this fact now.Thank you Report this Post to the Staff
Gyrene7483 Pillar of the Community United States 1704 Posts	Posted 01/09/2011 7:49 pm 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. Report this Post to the Staff
scubu Locked 822 Posts	Posted 01/09/2011 7:54 pm 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. Report this Post to the Staff
penny man Pillar of the Community United States 659 Posts	Posted 01/09/2011 8:35 pm 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. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 01/10/2011 11:40 am 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 Report this Post to the Staff
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