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Pillar of the Community
Petersun's Avatar
Canada
1700 Posts
 Posted 06/14/2012  10:47 pm Show Profile   Bookmark this topic Add Petersun to your friends list Get a Link to this Message Number of Subscribers
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Penny4Me's Avatar
United States
745 Posts
 Posted 06/14/2012  11:31 pm  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
Why pay $16.99 for 1 Kilo (2.2 lbs) .999 Fine Copper Bullion Bars...Made in the USA?
Just save $3.40 95% Copper pre-1982 cents!
$3.40 of 95% Copper pre-1982 cents = 1 Kilo (2.2 lbs) .999 Fine Copper AND they were made in USA!
Someday we will be able to melt these pennies, just like the 1964 silver coins we melt today.

pay me $16.99 and I will send you $3.40 of 95% Copper pre-1982 cents = 1 Kilo (2.2 lbs) .999 Fine Copper





Pillar of the Community
Petersun's Avatar
Canada
1700 Posts
 Posted 06/14/2012  11:32 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply

Quote:
Someday we will be able to melt these pennies, just like the 1964 silver coins we melt today.

You're sure it's legal?
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Penny4Me's Avatar
United States
745 Posts
 Posted 06/14/2012  11:54 pm  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
right now it's NOT legal to melt pennies & Nickels, but after a few years when USA stops making pennies (like Canada) they will let us melt them... just like we can melt silver coins today.
Pillar of the Community
Petersun's Avatar
Canada
1700 Posts
 Posted 06/14/2012  11:57 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
Are we allowed to melt canadian pennies by any chance?
Pillar of the Community
Learn More...
Canada
9864 Posts
 Posted 06/15/2012  12:04 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
NO
Valued Member
Center Pin's Avatar
Canada
178 Posts
 Posted 06/15/2012  12:07 am  Show Profile   Bookmark this reply Add Center Pin to your friends list Get a Link to this Reply
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Merc Man's Avatar
United States
561 Posts
 Posted 06/15/2012  12:08 am  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply

Quote:
Someday we will be able to melt these pennies, just like the 1964 silver coins we melt today.


Just because people are melting silver coins doesn't mean it is legal. As a matter of fact, it isn't legal.
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erkle's Avatar
1119 Posts
 Posted 06/15/2012  02:12 am  Show Profile   Bookmark this reply Add erkle to your friends list Get a Link to this Reply
been looking for some copper bars myself, but not that far from home.
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nod2003's Avatar
United States
3294 Posts
 Posted 06/15/2012  07:47 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Hey Merc man, you have anything to back that statement up? I know pennies and nickels are not legal to melt, but as far as I know, silver coins are perfectly legal to melt (just please don't, I like them more as coins then as bars).
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 06/15/2012  08:30 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply

Quote:
Just because people are melting silver coins doesn't mean it is legal. As a matter of fact, it isn't legal


You seem pretty sure of this, however I am not sure I agree with your stance. Do you have something official backing up your claim? I have only seen a ban on pennies and nickels, nothing specific to the banning of melting silver coins.
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 06/15/2012  08:32 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
Here's a statement from the US Mint website about melting/exporting nickels and pennies:

http://www.usmint.gov/pressroom/ind...lease&ID=724

No mention of a ban on silver coins.
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Merc Man's Avatar
United States
561 Posts
 Posted 06/15/2012  09:29 am  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply
Well, I guess I make it sound more clear than it really is. There is certainly some ambiguity in the wording and I am sure it would be very difficult if not impossible to prove but if they wanted to I am sure they could get you on this from the US Code:


Quote:
Whoever fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the mints of the United States, or any foreign coins which are by law made current or are in actual use or circulation as money within the United States; or

link here: http://uscode.house.gov/uscode-cgi/...%20%20%20%20

Now the debate would be around whether these coins are "current" or "in actual use" or "in circulation as money". Given that they have not been demonetized and they are still currently able to be used as money should someone chose to I would say this covers them.
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Petersun's Avatar
Canada
1700 Posts
 Posted 06/15/2012  10:39 am  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
Alibaba is the Chinese website for many illegal vendors.
Plus, what about the shipping?
I was born and partially educated in China, and I understand the conditions of vending.
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allranger's Avatar
United States
1391 Posts
 Posted 06/15/2012  11:23 am  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
Merc Man, I think the key word in your quote is "fraudulently." It is the modifier that the whole rest of the statement depends on. While you are correct that you can argue that they are still current and not demonetized that only matters if the word "fraudulently" was absent from the code. It is not against the law to deface coins. It is only against the law to fraudulently deface coins. Since "fraudulently" is there it makes the issue of: "current" or "in actual use" or "in circulation as money" a moot point.

Fraud has a specific definition under the law, too. "In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual."

It seems clear to me and that is why I think you are incorrect in your interpretation.
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 06/15/2012  2:22 pm  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
MercMan...silver coins are being melted all the time and have been for years. As the poster above me stated, the key word is fraudently. If someone melts a US silver coin to make into a silver bar or silver jewelry, where's the fraud?
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