Friday, December 15, 2006

Don't Smelt Your Pennies Before They're Cashed!

It is now illegal to melt down your pennies and nickels to profit from the fact that the value of the metal in a nickel is now 6.99 cents, while the penny's metal is worth 1.12 cents. It is still legal to carry up to $5 in 1- and 5-cent coins out of the USA or ship $100 of the coins abroad "for legitimate coinage and numismatic purposes."

"Numismatic Purposes"

Sounds like a good team name for a team version of Monopoly.

Check out the following article for more information:

New rules outlaw melting pennies, nickels for profit