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It's legal to melt them down now. You can't deface U.S. currency to try to make it look like it's higher value, or to shave small amounts of metal to combine wi
by Jeremy1026 2y ago
It's legal to melt them down now. You can't deface U.S. currency to try to make it look like it's higher value, or to shave small amounts of metal to combine with other coins shavings to the point that they have value. As per [1]:
> 18 U.S. Code § 331
> Whoever fraudulently alters, defaces, mutilates, impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the mints of the United States, or any foreign coins which are by law made current or are in actual use or circulation as money within the United States; or
The key word is "fraudulently", if you're doing it for art you're good.
[1] https://www.law.cornell.edu/uscode/text/18/331#:~:text=§%20331-,18%20U.S.%20Code%20§%20331%20%2D%20Mutilation,diminution%2C%20and%20falsification%20of%20coins&text=Shall%20be%20fined%20under%20this,645%2C%2062%20Stat. https://www.law.cornell.edu/uscode/text/18/331#:~:text=§%203...
- Cpoll 2y agoInteresting, I always assumed it was covered by the same law that makes it illegal to burn bills (https://www.law.cornell.edu/uscode/text/18/333 https://www.law.cornell.edu/uscode/text/18/333), but apparently not.
- lIl-IIIl 2y agoNPR's Planet Money podcast said that it is illegal to melt the pennies, and that there are a bunch of penny collectors waiting for the day it is legal. https://www.npr.org/transcripts/676247474 https://www.npr.org/transcripts/676247474