news related : IF YOUR MONEY IS YOUR MONEY WHY IS IT ILLEGAL... [+] ballot by thesoothsayer ACTIVE Thu Dec 14, 06 - Fri Dec 14, 07 ...to melt your nickles and pennies to makea profit ? U.S. Mint officials said Wednesday they were putting into place rules prohibiting the melting down of 1-cent and 5-cent coins. The rules also limit the number of coins that can be shipped out of the country. The new regulations prohibit the melting of 1-cent and 5-cent coins, with a penalty of up to five years in prison and a fine of up to $10,000 for people convicted of violating the rule. A nickel is 25 percent nickel and 75 percent copper. The metal in one coin costs 6.99 cents for each 5-cent coin. When the Mint's cost of producing the coins is added, the total cost for each nickel is 8.34 cents. Modern pennies have 2.5 percent copper content with zinc making up the rest of the coin. The current copper and zinc in a penny are worth 1.12 cents. The cost of production drives the cost of each penny up to 1.73 cents. Pennies made before 1982, which are still in circulation, would be even more lucrative to melt down because they contain 95 percent copper and only 5 percent zinc. The metal value in those coins is 2.13 cents per coin, Mint officials said. The rules also require that shipments of the coins out of the country be for legitimate coinage and numismatic purposes and cap the size of any one shipment to $100 worth of the coins. The new regulations are being published in the Federal Register and will go into effect as interim rules which will not become final until the government has a chance to consider possible modifications based on public comments. Officials said they had received a number of inquiries from the public in recent months concerning the value of the metal in the coins and whether it was legal to melt them. (These excerpts were takeen from AP, on Yahoo news.) Should the Government be able to tell you what to do with your money ? Yes, It really isn't your money No, you should be able to do as you please Yes, You can only circulate or save money No, I'm gonna smelt it SORRY, THIS POLL IS NOW CLOSED. Ballot #106855 : Voting Finished : SEE RESULTS Comment: show your vote with comment?

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