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Level 133 Comments: Respected Member Of Famiry
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- The quarter one is also iffy since Its illegal to deface curre…
Don't murder someone
You can legally deface United States coinage but you can not sell the content for the purpose of its melt value.
U.S. dollar bills are another story however because those are privately owned by the Federal Reserve System.
A normal person would sell them to a pawn or coin shop, the shop will in turn sell them to a smelting company.
None of this is illegal but it is rather depressing to see a lot of decent coins get melted when prices jump (usually during a recession).
Everyone misunderstands that law. It is illegal to deface currency and then pass it on. It's to prevent, for example, drawing on a one dollar bill to make it look like a ten.
If defacing currency at all was a crime, they wouldn't have those penny squishers in state parks.
We used to melt pennies made after a certain time period in high school chemistry because of the zinc core (after they figured out all copper cost more to manufacture than the penny, itself.) I think, generally, people would be okay if it's not on a grand scheme, depending. Gave me something to research though.
they are going to retire pennies?
But you're not defacing it? you just keep the more valuable one and put the normal one where it would have gone? No defacing involved
But to receive the higher value, I'm assuming since it would be made of silver, you would have to melt it down. Which is a big no no.
Otherwise you have a quarter that's not actually worth any more.
You don't melt it down, you sell it to a company that does.
It's not illegal.
You can easily sell them for higher than face value, and people will buy
Well you can sell it onto someone else and not do anything about it, or there might be a government scheme with it? either way most people aren't likely to melt it themselves at home
it is legal to melt down silver dollars half dollars dimes and quarters but not nickles or pennies
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