Friday, May 13, 2011

Experiments in money Update!

So here is a clip from a email that I got from a friend that knew I was saving my pennies and nickles.
The Government just keeps closing the loop holes, but that's ok I'm still saving my pennies and nickles can't melt them or sell them out side of the U.S. But you can still sell them in the U.S. and we all know they will keep going up in value.













Have you ever spotted a 1964 quarter in your spare change?
Odds are slim to none.
If you’re a student of history, you know why. These coins were hoarded out of existence... years ago... for their silver content.
And that’s why beat-up quarters - dated 1964 or earlier - sell for $5 or $6 apiece on eBay.
But now, the lowly penny and nickel are following suit.
Most people don’t know this - but it’s ILLEGAL to carry more than $5 in pennies or nickels out of the country.
The U.S. Mint says, “We don’t want to see [these coins] melted down so a few individuals can take advantage of the American taxpayer.”

What’s going on here?
Well thanks to the surging price of nickel... copper... and zinc, the government is terrified. If they allow these coins to freely move about - they could disappear overnight.
In short, anyone with half-a-brain would melt them down - and double their money.
So to put a stop to this, the government has slapped a $10,000 fine or five year jail sentence on anyone caught with more than $5 in coins heading out of the country. (Thanks to David Hall Rare Coins and Van Simmons for passing this story along.)

Did you get that?
The Government will throw you in jail if you so much as try to make a $5 profit melting down pennies and nickels.
If that’s not a sign of desperation... and that the end of the dollar is near... I don’t know what is! It’s literally a financial death-threat from the Treasury.

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