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BIDEN ANNOUNCES END TO MELT BAN!!!

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BIDEN ANNOUNCES END TO MELT BAN!!!

Postby Lemon Thrower » Fri Apr 01, 2011 11:15 am

APRIL FOOLS!!!!
Last edited by Lemon Thrower on Thu Apr 01, 2021 7:24 am, edited 1 time in total.
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Re: MELT BAN LIFTED!!!

Postby VWBEAMER » Fri Apr 01, 2011 11:44 am

:lol:
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Re: MELT BAN LIFTED!!!

Postby glass » Fri Apr 01, 2011 1:04 pm

LOL check out coinflation
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Re: MELT BAN LIFTED!!!

Postby HPMBTT » Fri Apr 01, 2011 2:26 pm

Somehow, I knew this was an April Fool's joke. But it did put a smile on my face when I saw the title. :) Nice one.
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Re: MELT BAN LIFTED!!!

Postby Roadrunner » Fri Apr 01, 2011 2:52 pm

Sorry, didn't get me. In fact I was considering doing this before I saw this page. :lol: :lol:

Good one though!
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Re: MELT BAN LIFTED!!!

Postby pennypicker » Fri Apr 01, 2011 3:46 pm

For a second there I actually believed it. :roll:
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Re: MELT BAN LIFTED!!!

Postby inflationhawk » Fri Apr 01, 2011 4:19 pm

Some day this won't be a joke.
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Re: MELT BAN LIFTED!!!

Postby Country » Fri Apr 01, 2011 4:50 pm

GOOD ONE!!! :lol:
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Re: MELT BAN LIFTED!!!

Postby Lemon Thrower » Sun Apr 03, 2016 6:37 am

bump
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Re: MELT BAN LIFTED!!!

Postby scyther » Sun Apr 03, 2016 7:25 am

Lemon Thrower wrote:bump

You got me for a second... because it's not April Fool's day...
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Re: MELT BAN LIFTED!!!

Postby coppernickel » Sun Apr 03, 2016 5:58 pm

:thumbup:
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended.
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Re: MELT BAN LIFTED!!!

Postby johnbrickner » Mon Apr 04, 2016 5:08 am

Got me.
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Re: MELT BAN LIFTED!!!

Postby Lemon Thrower » Mon Apr 04, 2016 3:35 pm

scyther wrote:
Lemon Thrower wrote:bump

You got me for a second... because it's not April Fool's day...


sorry, was out of town.

:lol:
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Re: MELT BAN LIFTED!!!

Postby coppernickel » Sat Mar 30, 2019 7:31 pm

:clap: bump, good enough to bring back. :thumbup:
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended.
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Re: MELT BAN LIFTED!!!

Postby thecrazyone » Tue Aug 13, 2019 3:08 pm

Yeah, I think this would have been on the main page of CNN, lol.
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Re: MELT BAN LIFTED!!!

Postby Recyclersteve » Tue Aug 13, 2019 5:58 pm

Actually I think that it is legal to melt war nickels. Never have done so, and I've heard the refining costs could be very expensive. So it is something I may never do.
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Re: MELT BAN LIFTED!!!

Postby frugi » Tue Aug 13, 2019 8:06 pm

Recyclersteve wrote:Actually I think that it is legal to melt war nickels. Never have done so, and I've heard the refining costs could be very expensive. So it is something I may never do.


nope. war nickels are illegal to melt. the law states one cent and five cent coins, it does not specify the metallic composition.
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Re: MELT BAN LIFTED!!!

Postby Recyclersteve » Tue Aug 13, 2019 11:51 pm

frugi wrote:
Recyclersteve wrote:Actually I think that it is legal to melt war nickels. Never have done so, and I've heard the refining costs could be very expensive. So it is something I may never do.


nope. war nickels are illegal to melt. the law states one cent and five cent coins, it does not specify the metallic composition.


Let me add a little something to support my reasoning. Perhaps this will be news to some:

https://www.leftovercurrency.com/is-it- ... elt-coins/

And the text...

"Is it legal to melt coins in the USA?

In the US, a melt ban was introduced in 2009: the US Mint prohibits the melting, treating and bulk exporting of one-cent penny and 5-cent nickel coins. Some exceptions apply, such as exporting less than $100 worth of coins, or melting 5-cent silver alloy coins dated 1942 to 1945 (source: Federal Register Vol. 72, 2009).

So you cannot melt your US pennies and nickels in the United States or abroad. Else you risk a fine of $10,000 and/or five years of imprisonment."

Anyone want to dig into Federal Register Vol. 72 (2009) to see exactly what it says?
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
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Re: MELT BAN LIFTED!!!

Postby fasteddy » Wed Aug 14, 2019 2:18 pm

that is what it says...

From Mr Google and the Fed register Vol 72 easy peesy...

"(d) The prohibition contained in 82.1 against the exportation, melting, or treatment of 5-cent coins shall not apply to the 5-cent coins inscribed with the years 1942, 1943, 1944, or 1945 that are composed of an alloy comprising copper, silver and manganese."
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Re: MELT BAN LIFTED!!!

Postby Recyclersteve » Wed Aug 14, 2019 2:59 pm

Thanks for finding that Eddy!
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
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Re: MELT BAN LIFTED!!!

Postby frugi » Tue Aug 20, 2019 10:53 pm

well i'll be damned
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Re: MELT BAN LIFTED!!!

Postby coppernickel » Tue Mar 31, 2020 6:49 pm

I just had to. It's an old topic, but great.

http://www.coinflation.com/mint-decides ... penny.html
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended.
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Re: MELT BAN LIFTED!!!

Postby Recyclersteve » Wed Apr 01, 2020 2:46 am

Back in the day my wife made me melt. But I guess that was a bit different from what you meant.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: MELT BAN LIFTED!!!

Postby Lemon Thrower » Fri May 08, 2020 5:13 pm

sorry I'm a little late for April's Fools day this year.
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Re: BIDEN ANNOUNCES END TO MELT BAN!!!

Postby Lemon Thrower » Thu Apr 01, 2021 7:24 am

Happy April Fools friends!
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