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All Forums Category: General Numismatic Forums Forum: Main Coin Forum

Is It Illegal To Melt Canadian Coins?

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numismo
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 Posted 04/27/2010  10:28 am Show Profile   Bookmark this topic Add numismo to your friends list Get a Link to this Message Number of Subscribers
Is it illegal in the U.S. to melt Canadian cents for their copper value? From 1942 to 1979 they were heavier than a U.S. cent and contained more copper.
Americanamafia
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 Posted 04/27/2010  10:42 am  Show Profile   Bookmark this reply Add Americanamafia to your friends list Get a Link to this Reply
Is it Illegal to melt canadian coins, yes. Do they have jurisdiction to procecute you in the US, no. Is it a crime in the US to deface foreign money, no, unless you are trying to modifiy it (ex. turn a five into a 100). Could you do it, yes. Would it cost more in gas to melt it than it is worth to do it, yes unless you have a smelter and can do it on a large scale (ex. greater than 100lbs)
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Ugly
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 Posted 04/27/2010  11:27 am  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply


In practice Canadian coins are melted all the time, especially when nickel hit it's peak. Mostly it's silver coins that are smelted back down though.
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