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Question:

Question about a hypothetical currency scheme.?

Could you exchange 1 million dollars for pennies (at various banks) in Canada, return to US and melt down those coins for copper content (since Canadian penies contain much more copper than US pennies), and sell the copper content for about 50% profit?

Answer:

You have to declare any money you transport across the border in excess of $10,000 worth. so if you make 100 trips you could move 100 million pennies across the border without telling anyone about it. It's illegal to melt us pennies in the us, and illegal to melt candian pennies in canada. Get the canadian pennies into the us and you are not in violation of either of these laws. You need pennies minted in 1996 and before for the high copper content. 100 million pennies weigh 550,000 lbs by the way
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