My $500 experiment...

**logansryche** · 01-09-2015, 12:14 PM

We don't have that law here in the states, but most build backyard foundry's and smelt em themselves. A few years ago a California based organization started stamping a couple of dollar bills and started a "Where's George" campaign. Our government backed up the program even though it's illegal to deface a bill. Coins don't seem to matter that much.

**Metalbestos** · 01-09-2015, 12:23 PM

Originally Posted by logansryche

We don't have that law here in the states, but most build backyard foundry's and smelt em themselves. A few years ago a California based organization started stamping a couple of dollar bills and started a "Where's George" campaign. Our government backed up the program even though it's illegal to deface a bill. Coins don't seem to matter that much.

Turn Off The Smelters: Melting Coins Illegal

I wouldn't try it

New rules outlaw melting pennies, nickels for profit - USATODAY.com

**Metalbestos** · 01-09-2015, 02:03 PM

Originally Posted by logansryche

We don't have that law here in the states, but most build backyard foundry's and smelt em themselves. A few years ago a California based organization started stamping a couple of dollar bills and started a "Where's George" campaign. Our government backed up the program even though it's illegal to deface a bill. Coins don't seem to matter that much.

Then there's alot of people on youtube that's going to jail.

If Laws Change, 'Penny Hoarders' Could Cash in on Thousands of Dollars - ABC News
Is it Illegal to Melt U.S. Coins? - Coinflation

Full article at Scrap Metal Forum: http://www.scrapmetalforum.com/off-topic-discussions/26603-my-$500-experiment-2.html#ixzz3OMdGmwyn

I wouldn't set my personal president on anything I see on YouTube . There is a lot of misinformation and people doing unethical / irresponsible things on you tube . I'm confused that you say there is no law , then post a link that says in the first 3 words . ( if laws change ) . Hoarding is fine but I wouldn't be smelting those coins just yet .

If it was legal you would not have to melt them . I'm talking U.S. currency of course .

**logansryche** · 01-09-2015, 02:13 PM

Originally Posted by Metalbestos

I wouldn't set my personal president on anything I see on YouTube . There is a lot of misinformation and people doing unethical / irresponsible things on you tube . I'm confused that you say there is no law , then post a link that says in the first 3 words . ( if laws change ) . Hoarding is fine but I wouldn't be smelting those coins just yet. If it was legal you would not have to melt them . I'm talking U.S. currency of course .

This is true but many are smelting them down to ingots and bars to take advantage of scrap pricing. I personally am going to start hoarding them and when I have enough smelt them down to bars for scrap.

-Matt