This is an old law and I believe refers to melting down gold and silver coins that are worth more than their face value. I think a lot of people have been guilty of that in the past few years. I bet the mint would love to have those old silver dimes and quarters back at face value now. Think of all the NCLT coins they could make by melting them down.
As for gold plating pennies I don't think any body will get in trouble for that.
Don't think you will get in trouble. Back in Chem12, we plated pennies as a lab experiment. Doubt the school would let us do something illegal in class.
Arianzo, that is incorrect. Demonitized coins, such as the montreal/calgary olympic coins, are able to be melted, and usually are. Also, there are exeptions, as many largescale melting operations of pre 69 coins exist.
Just about every major smelting operation in the world is melting pre 1969 Canadian silver into bars. If that is illegal, why is it done so openly, and without recourse?
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