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CMCC's Blog

24 Nov 2016

Is it legal to melt coins?

| CMCC

Not like I plan on doing it, but I wanted to ask if anyone knew if it was legal or not to melt coins.
I have seen lots of people make bullets, bars, etc. out of silver, copper, and even clad coins.
I just would like to know if this ought not to be done.

Comments

Mike B

Level 6

I haven't heard of a law before congress allowing private citizens to melt cents. Just think of what would happen. It would actually get out of control. Think of the varieties that would be destroyed that you could of had. No haven't heard of it don't think I will.

user_7180

Level 5

I have read the same as USER_9073 that only cents and nickels are illegal to melt.

Conan Barbarian

Level 5

what every one else said, it is illegal now to melt legal tender and also to burn legal notes but there are those that do and in the privacy of their home it is hard to know if they did or not. although it is illegal to melt coins it is not illegal to change the shape of a coin, for example people are allowed to put coins on a train track and more commonly the penny machines in many museums and parks around the US. there is a law that is trying to get past to allow people to melt cents due to the large number of copper penny hoarders and the push for the melted medal.

SpartaCuse

Level 4

My understanding it is not legal to destroy in any way , cut, melt, saw , deface, the coinage

ZanzibarCoins

Level 4

Interesting question, I collect the 1982 and before pennies, and I am seeing less and less. :)

I don't think you can melt them if they are still in circulation, but you can still flatten them like at the machines at carnivals

Kepi

Level 6

Great question! I learned alot from your blog! Thanks!

user_9073

Level 5

In the U.S. things are legal unless they are made illegal!! There is a Treasury Dept. rule on melting and exporting cents and nickels. In the web go to: https://www.federalregister.gov/documents/2007/04/16/E7-7088/prohibition-on-the-exportation-melting-or-treatment-of-5-cent-and-one-cent-coins I think that is the only current probation and I am not sure that this rule is still currently in effect.

Longstrider

Level 6

One has to wait for the given coin to be taken out of legal circulation, I believe. That's why some people are saving the copper cents of pre 1982 and some 1982. Good luck!

Mike B

Level 6

Hi happy Thanksgiving! From what I know and that's not alot. You can not melt legal tender coins. Bullion yes. Not currency. Any coinage used in today's economy is not allowed. Yes you have seen metals melted but it's not coinage we use. You see one hundred ounce bars same as gold. That's were jewelry comes from rings, medals, chains. I hope I given one light on your question. Many copper coins are made of the old coins. You can't melt pennies. Copper you can. For coins must say copy on it. That's the law. Take care have a good day!

CMCC

Level 5

Thanks for clarifying!

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