Posted December 14, 2006 on the US Mint Website:
The United States Mint has implemented regulations to limit the exportation, melting, or treatment of one-cent (penny) and 5-cent (nickel) United States coins, to safeguard against a potential shortage of these coins in circulation. The United States Mint is soliciting public comment on the interim rule, which is being published in the Federal Register.
Specifically, the new regulations prohibit, with certain exceptions, the melting or treatment of all one-cent and 5-cent coins. The regulations also prohibit the unlicensed exportation of these coins, except that travelers may take up to $5 in these coins out of the country, and individuals may ship up to $100 in these coins out of the country in any one shipment for legitimate coinage and numismatic purposes.
It's a win win situation. If there's deflation they're still worth 1 cents or 5 cents. If there's inflation which there currently is they'll just keep going up. And you risked Zero income. now, America is gonna see a shortage of nickles and copper pennies........Great idea for the kids to get involved an learn the lesson of fiat currency......I would hate to have the kids banging my silver eagles on the table, but then again, who can resist that silver "ting"?
