Guaranteed 25% return per DAY on investment.

Quote from Daal:

This could be done as a business outside US territory(if that is still illegal, then by non-US citizens). The problem is transportation of coins, maybe a small factory located in the Mexico border could be an idea
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You can export coins, however, there is a cap and it is quite small. $5000 worth of coins for collecting purposes is allowed, or something like that.
 
Quote from peilthetraveler:

Actually, its only illegal to melt it down on a large scale. Havent you ever seen those machines that flatten pennies and make a design on them. Those are not illegal. Of course melting 1 metric ton of nickles would probably be considered a large scale. But melting down like 100$ of nickels probably wouldnt be.
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No, its illegal to melt them, period.

http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=724

If you have evidence to the contrary post it.

Those machines that alter coins are not illegal:

http://www.ustreas.gov/education/faq/coins/portraits.shtml#q13

"Question: Is it illegal to damage or deface coins?

Answer: Section 331 of Title 18 of the United States code provides criminal penalties for anyone who “fraudulently alters, defaces, mutilates impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the Mints of the United States.” This statute means that you may be violating the law if you change the appearance of the coin and fraudulently represent it to be other than the altered coin that it is. As a matter of policy, the U.S. Mint does not promote coloring, plating or altering U.S. coinage: however, there are no sanctions against such activity absent fraudulent intent."


Note that US mint rule also addresses the idea of exporting them and melting them outside the US - also illegal.
 
Does anyone else see the problem when a countries coins are worth more than face value and the dollar keeps going down in value? The government spends $1.26 million to make $1 million of nickels. Every year the government generally makes a little more than a billion nickels. So this year its possible that the government will lose 12 million dollars making nickels.


Oh for those of you that thought i was serious about melting nickels im not. I'm well aware of the law that came out in 2006 that even makes it illegal to transport nickels outside the US, let alone melt them down. But like I said...on a small scale its legal, but in the law books they dont define what constitutes large or small scale. Large scale might be a couple hundred dollars of nickels. Who knows.
 
Sorry...i just reread the dec 14, 2006 rules. It was not illegal to melt coins before that date, but yes...now it is. Apparently though you can smash pennies as long as you are not attempting to commit fraud.
 
Quote from peilthetraveler:

Here you go folks. Guaranteed way to make 25% ROI every day. All you have to do is go to the bank and buy rolls of nickels The melt value of a nickle is just over 6.26 cents per nickel

If you want 132% ROI and dont mind doing a little work, you can sort your pennies. Anything pre-1982 is worth 2.3 cents

For every metric ton of nickels you buy from the bank and then melt down and sell, you make $9300

http://www.coinflation.com/
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Will you then send us a letter (to post here in ET) from jail?
 
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