Watch with those coins. Here's a report from Morning Edition this morning:
"A lot of Americans would be happy to see pennies eliminated. But the U.S. Mint now prohibits melting them down. It turns out that the metal in both pennies and nickels is worth more than the coin itself. The copper and nickel in a nickel costs seven cents. The Mint's new rules also cover coins shipped out of the country. Violators face jail time and up to $10,000 in fines."
Penny smashing is a completely legal activity. In the US, you can't mutilate coins if your purposes are fraudulent, for example, mutilating a nickel to make it look like a quarter. But if you're using them for a legit purpose, like making a souvenir, mutilation is legal.
As for pennies being worth more than one cent, that's been true for some time now. The US Mint has yet to prove itself very practical when it comes to currency manufacture.
Got it at a local place: Fusion Beads. It may be the best bead store in Seattle metro. Click here for their Hill Tribe Silver page. You can also get it at the semi-annual bead shows that hit the area. I love the stuff and can never get (by which I mean afford) enough of it.
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"A lot of Americans would be happy to see pennies eliminated. But the U.S. Mint now prohibits melting them down. It turns out that the metal in both pennies and nickels is worth more than the coin itself. The copper and nickel in a nickel costs seven cents. The Mint's new rules also cover coins shipped out of the country. Violators face jail time and up to $10,000 in fines."
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As for pennies being worth more than one cent, that's been true for some time now. The US Mint has yet to prove itself very practical when it comes to currency manufacture.
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