Elimination of the penny essay

On April 17, 2007, a Department of the Treasury regulation went into effect prohibiting the treatment, melting, or mass export of pennies and nickels . Exceptions were allowed for numismatists , jewelry makers, and normal tourism demands. [41] The reason given was that the price of copper was rising to the point where these coins could be melted for their metal content. [42] In 1969, a similar law regarding silver coinage was repealed. Because their silver content frequently exceeds collector value, silver coins are often sold by multiplying their "face value" times a benchmark price that floats relative to the spot silver price per ounce. [43] According to US law, US citizens are allowed to melt foreign coinage (. Canadian pennies) for personal or commercial use. [44]

Elimination of the penny essay

elimination of the penny essay

Media:

elimination of the penny essayelimination of the penny essayelimination of the penny essayelimination of the penny essay