Pre-1982 penny's?

PeachOibleBoiblePeach#1

PeachOibleBoiblePeach#1

Well-Known Member
Am i crazy to seperate and save all my 95% copper penny's? What are your thought's,,,I know melting is no longer an option,,,But damn,,,The metal value is awsome:hump:,,,I sort all my penny's and save em" do you?
 
Jakabok Botch

Jakabok Botch

Well-Known Member
i keep all the wheat pennys....i have 2 steel ones from '43 .....and a brass dime from 1916 or somthin like that
 
Balzac89

Balzac89

Undercover Mod
violation of Title 18, Section 333 of the United States Code, which says that “whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months, or both.”
 
Jakabok Botch

Jakabok Botch

Well-Known Member
it just doesnt make sense to me....why wouldnt all these places be shut down for offing these "illegal" gifts that u even have to pay to make.....i think it costs like 50 cents extra per penny or some shit like that...idk maybe im just too stoned...
..there should be an officer standing behind the corner "DID U JUST SMASH THAT PENNY!!! $100"......lol
 
dam612

dam612

Well-Known Member
"
As you are already aware, a federal statute in the criminal code of the United States (18 U.S.C. 331), indeed makes it illegal if one "fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales or lightens" any U.S. coin. However, being a criminal statute, a fraudulent intent is required for violation. Thus, the mere act of compressing coins into souvenirs is not illegal, without other factors being present."
http://www.parkpennies.com/pressed-penny/penny-pressing-legal.htm
 
N

NoDrama

Well-Known Member
You can melt coins to your hearts content as long as it isn't fraud. Smelters and refiners have been legally melting pre '64 silver coins for almost 50 years now, precedent has been set.

YES!! I save all my pre 82 pennies. a pound of copper is worth $3.81 a pound. there are 145 (1909-1982) copper pennies in a pound. More than a 100% profit.

By the Way, Balzac almost had the correct law, but the one he pointed out is for paper instruments, for coins it is actually Section 331 of Title 18 of the United States code which provides criminal penalties for anyone who fraudulently alters, defaces, mutilates impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the Mints of the United States. This statute means that you may be violating the law if you change the appearance of the coin and fraudulently represent it to be other than the altered coin that it is. As a matter of policy, the Mint does not promote coloring, plating or altering U.S. coinage: however, there are no sanctions against such activity absent fraudulent intent.
 
Total Head

Total Head

Well-Known Member
when i was a kid we used to put coins on the train tracks because they got squished paper thin and about 3 inches in diameter. the metal would look all brand new after squishing. just so everyone is aware puting coins on train tracks is EXTREMELY dangerous. not because of the stupid urban myth that the train will derail (it won't, i promise) but because the coin goes flying at a speed faster than your eyes can follow, and the edges are so flat they're sharp. think stiffler's character in final destination...
 
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