Ivy Mike
Member
Owning a bunch of pennies isn't illegal. What would be illegal is getting all those pennies and melting them down to get the copper and zinc. If they found out you were doing that, you'd have grumpy US Treasury guys knocking on your door, and rightfully so. You'd have broken the law.Hope they don't make it illegal to own a lot of pennies. I hope I don't need a license to take them to the bank and turn them in. California, what a joke.
The ATF got involved because of a tip about this person possibly conducting transfers outside the scope of his FFL.
California might get involved or they might simply let the ATF handle things as it was a federal law that was broken.
of course, the whole scrap penny thing could be solved by simply discontinuing production of the penny and let people remove them from circulation. But that's a different thread.