Copper Penny Hordes (Legal?) - Coin Community Forum

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Author	Replies: 4 / Views: 2,804
Coinage Valued Member Canada 159 Posts	Posted 09/21/2009 6:03 pm I just saw an auction on ebay for the sale of 2000 Lbs of American copper pennies. (wow!) Is it legal to sell hordes of Canadian copper pennies to Americans? Our copper penny is a little more pure. :) Report this Post to the Staff

1945V Valued Member Canada 386 Posts	Posted 09/21/2009 6:40 pm I think selling and buying hugh amounts of copper pennies is OK (even cross-broder) It is melting them for scrap or defacing them in any way in their native country, that is illegal in both Canada and the US. Although, I don't think this applies to Canadians melting US coins in Canada for scrap or vice versa Americans melting Canadian coins in the USA. Report this Post to the Staff
artdio Pillar of the Community 1844 Posts	Posted 09/21/2009 8:48 pm defacing ( melting, cutting ect..)Money is Illegal, but if you are the seller then thats fine, as you cannot control what the buyer does once they are in possession of said money... Also if the scrap metal dealer wants to buy the stuff for melt value then he is the one who will be breaking the laws... Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/21/2009 11:28 pm If that particular ebay seller were to sell to a Canadian, that would be illegal. The 2006 melt ban placed limits on exports by travelers of $5 and $100 for shipping coins with "legitimate coinage and numismatic purposes". However, the melt ban would not apply to a Canadian in Canada, you guys can melt as many as you can get. BTW, defacing US coinage for non fraudulent purposes is perfectly legal but defacing paper currency is not legal at all. Report this Post to the Staff
WpgLwr Pillar of the Community Canada 1082 Posts	Posted 09/21/2009 11:33 pm 1945V hits the nail on the head. Report this Post to the Staff
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