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melt laws

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Kiwiman
Penny Pincher Member

225 Posts

Posted - 08/02/2010 : 11:15:15

I've been wondering lately about the nickel and penny melt laws. One of the reasons the laws may be taken away is that because the copper pennies are no longer need for circulation because there are so few since they were minted 28 years ago. But if they want to take away the melting law on pennies because they are no longer needed wouldn't they have to take away the law on melting nickels? which i assume they wouldn't do because all nickels in circulation are ones that could be melted down, so because of that would they not lift the ban or would they make a new law allowing melting of pennies but not of nickels?

Edited by - Kiwiman on 08/02/2010 11:15:49

highroller4321
1000+ Penny Miser Member

USA
2648 Posts

Posted - 08/02/2010 : 12:40:51

Since all nickels can be melted for profit, even the 2010's, I think if/when the ban comes off it will only be for the pennies.

Copper Penny Investing
www.portlandmint.com

fb101
Administrator

USA
2856 Posts

Posted - 08/02/2010 : 12:43:54

ditto highroller4321

beauanderos
1000+ Penny Miser Member

USA
2408 Posts

Posted - 08/02/2010 : 12:52:44

There ought to be enough zinc pennies floating around now to handle everyday transactions. So get with it congress... lift the ban on penny melts

Hoard now and hold on!

http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/

Kiwiman
Penny Pincher Member

225 Posts

Posted - 08/02/2010 : 13:49:00

quote:
Originally posted by highroller4321

Since all nickels can be melted for profit, even the 2010's, I think if/when the ban comes off it will only be for the pennies.

but can they lift it on the pennies but not the nickels or would they have to make a new one just for nickels?

highroller4321
1000+ Penny Miser Member

USA
2648 Posts

Posted - 08/02/2010 : 15:32:58

quote:
Originally posted by Kiwiman

quote:
Originally posted by highroller4321

Since all nickels can be melted for profit, even the 2010's, I think if/when the ban comes off it will only be for the pennies.

but can they lift it on the pennies but not the nickels or would they have to make a new one just for nickels?

Im sure they can amend the law and take the word penny out.

Copper Penny Investing
www.portlandmint.com

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