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The Angry News - Melt down your change!

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Uploaded by on Dec 15, 2006

The US mint has decided to pass laws to prevent the melting down of coins that are now worth more than their face value.

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  • Under the new rules, it is illegal to melt pennies and nickels. It is also illegal to export the coins for melting.

    Violators could spend up to five years in prison and pay as much as $10,000 in fines. Plus, the government will confiscate any coins or metal used in melting schemes.The rules are similar to those enacted in the 1960s and 1970s, when metals prices also rose, the Mint said. Before today's new regulations, it was not illegal to melt coins.

  • @violetvwatson Actually, those are old rules. There's just more reason to break them now.

  • Becussssee wurking wood bee tu haad!! Timeless

  • @tapout320 Yes it would be

  • I think this law will dropped at least for the pre1982 cents. First of all, they're not being minted any more and they now only take up about 20% of the total pennies circulating today and will only shrink more with time and as more people hoard them for their copper content. I would write to the Treasury about lifting this ban for the pre1982 cents. As for the zinc cents and nickels, the law will gone on for some time.

  • @ScorpioBornIn69 You go with that

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  • @AngryAussie They outlawed melting silver coins back in the 1970s till when silver got very high in 1979, it was lifted. I see the same out come for at least the pre1982 cents when either copper hits $10 a pound or higher or when almost all the pre82s are pulled out of circulation. As for nickels and the post1982 zinc cents, this law will go on for quite some time unless they quit making these coins. Only time will tell this one.

  • @AngryAussie I think this law will be dropped at least for the pre1982 cents. First of all, they're not being minted any more and they now only take up about 20% of the total pennies circulating today and will only shrink more with time and as more people hoard them for their copper content. I would write to the Treasury about lifting this ban for the pre1982 cents. As for the zinc cents and nickels, the law will gone on for some time. They did this with silver coins back in the '70s.

  • @madmankitchen Hooray for you

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