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Can I Melt Down Coins for the Metal?
Posted By Jim On 01/18/2012 @ 7:16 am In Personal Finance | 4 Comments
If you read my post about finding the melt value of junk silver coins , you probably wondered to yourself whether it was possible for you to melt the coins down yourself. It’s definitely possible but it’s also illegal.
The Mint outlined new rules  in 2006 that said it was illegal to melt coins, it’s illegal to export coins for melting, and you can carry up to $5 in pennies and nickels out of the country or ship $100 abroad for “legitimate coinage and numismatic purposes.” While pennies and nickels were explicitly called out in the 2006 rules, other coins were included as a result of previous rules.
What happens if you break it? The regulations authorize a fine of no more than $10,000 and/or up to five years in prison. Pretty stiff stuff.
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 melt value of junk silver coins: http://www.bargaineering.com/articles/melt-value-junk-silver-coins.html
 outlined new rules: http://www.usmint.gov/pressroom/?action=press_release&ID=724
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