melting gold

If a person were to find gold, whether it be coins, nuggets, or bars are there specific laws that prevent a person from melting it into any shape/form that they wish?


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http://www.thunting.com/smf/index.php/topic,21169.msg141966.html#msg141966

I figure if it's my gold-I'll do whatever I want with it-far as that goes, I'm gonna do whatever I want with whatever I got, pencilneck officials can go flip sand

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http://www.thunting.com/smf/index.php/topic,21169.msg141977.html#msg141977

First there are private collectors out there that will buy them. Second  not sure what if any claim the army are government will have on it.

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http://www.thunting.com/smf/index.php/topic,21169.msg141987.html#msg141987

It is illegal to deface or destroy United States currency. Only the feds have that privilege.  I have never heard of anyone going to jail over that issue unless they bleach out a five dollar bill and print a $50 on it.  Coins are always worth more intact than melted.

United States currency and coinage are governed by federal law through the U.S. Treasury Department. Generally, it is illegal to fraudulently deface, mutilate, impair, diminish, falsify, scales or lightens any coins minted or "coined" in the United States or any foreign coins which are by law made current or are in use or circulation as money within the U.S. (18 U.S.C. 331)

The stamps on gold bars are only for purity and/or origin or government stamps.  You could stamp Micky Mouse on it, it's not currency.  And why tell anyone anything.  You are free to sell them to anyone.  If no one knows where it came from they cannot lay claim.

If you find some gold bars, and feel it's necessary, I will be happy to fence them for you and I will only charge 10% of the selling price.  Let me know.

Shushhhhhhhhhhhhhhhhh.........
-Roy-

Posted on: February 03, 2011, 07:13:30 PM

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This is why I would not do it.  I don't like jail and I really like keeping my money.

United States Code
TITLE 18
PART I
CHAPTER 17
? 331. Mutilation, diminution, and falsification of coins

Whoever fraudulently alters, defaces, mutilates, impairs, diminishes,
falsifies, scales, or lightens any of the coins coined at the mints of
the United States, or any foreign coins which are by law made current
or are in actual use or circulation as money within the United States;
or whoever fraudulently possesses, passes, utters, publishes, or
sells, or attempts to pass, utter, publish, or sell, or brings into
the United States, any such coin, knowing the same to be altered,
defaced, mutilated, impaired, diminished, falsified, scaled, or
lightened? Shall be fined under this title or imprisoned not more than
five years, or both.

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http://www.thunting.com/smf/index.php/topic,21169.msg142036.html#msg142036

That was the "TAX MAN"!

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