Submission + - U.S. Mint makes law banning the melting of coins.
meltzroth writes: The U.S. Mint has made a illegal to melt down coins and then resell the resulting metal for scrap, resulting in fines and prison time for those who decide to liquefy Lincoln.
This doesn't seem practical for coins they are currently producing since they are made up of layers of two or more metals, and the process of separating them would probably offset the profit. I imagine this primarily applies to pre-1982 pennies, which were made from pure copper.
Link
http://money.cnn.com/2006/12/14/news/melting/index .htm?cnn=yes
This doesn't seem practical for coins they are currently producing since they are made up of layers of two or more metals, and the process of separating them would probably offset the profit. I imagine this primarily applies to pre-1982 pennies, which were made from pure copper.
Link
http://money.cnn.com/2006/12/14/news/melting/inde
