The United States Mint has temporarily ceased processing applications and material submitted to its Mutilated Coin Redemption Program pending the development of additional Program safeguards.
The Mint will post updates on the status of the Program on their website as soon as they become available. We came across this information recently when doing some research for a story we were working on
Category Archives: Mutilated Coin Redemption Program
United States Mint resumes Mutilated Coin Redemption Program
Washington — The United States Mint is resuming its Mutilated Coin Redemption Program.
Established under the authority of 31 U
United States Mint Resumes Mutilated Coin Redemption Program
The United States Mint is resuming its Mutilated Coin Redemption Program. Established under the authority of 31 U.S.C. § 5120, the program provides an avenue through which individuals and businesses can exchange bent and partial coins (commonly referred to as “mutilated coins”) for reimbursement. In 2015, the Mint suspended the program to assess the security […]
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Gold & Silver PAC January 2018 e-Newsletter:
By Scott Barman for the Gold & Silver PAC ….. Gold & Silver News From the Political Coordinator HAPPY NEW YEAR! A new year not only marks the beginning of the year but also a chance for a new beginning. For states whose legislature is part-time based on the state constitution, the sessions begin in earnest […]
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United States Mint Publishes Final Rule on Exchange of Mutilated Coins
Under the authority of 31 U.S.C. § 5120, the United States Mint established a program by which people and businesses could exchange bent and partial coins (commonly referred to as “mutilated coins”) for reimbursement. In November 2015, the United States Mint suspended the program to assess its security and to develop additional safeguards to enhance […]
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CoinWeek News Wire for October 20, 2017: Debtor Nation, Crypto-Corruption
By Coinweek …. CoinWeek News Wire for October 20, 2017: Brain Food 1.) ‘Like stars in a complex constellation, these objects convey the sweep of Jewish history’ This exceptionally rare gold coin was minted in Judaea immediately after the conquest of Jerusalem and brought with a deployment of Roman troops to England soon afterwards. Two […]
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CoinWeek News Wire for July 14, 2017: The War on Cash
By Coinweek …. CoinWeek News Wire for July 7, 2017: The War on Cash 1.) Visa Takes War on Cash to Restaurants Visa has long considered cash one of its biggest competitors and has been taking steps to chip away at it. Getting rid of cash is a priority for Visa Chief Executive Al Kelly, […]
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CoinWeek News Wire for November 4, 2016
By Coinweek …. CoinWeek News Wire for November 4, 2016 Canada 150 1.) Royal Canadian Mint unveils its 2017 Canada 150 circulation coin series The Royal Canadian Mint has unveiled its 2017 Canada 150 circulation coin series featuring the work of five Canadians selected by popular vote to design the tails side of the […]
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US Mint News – Request for Comments on Coin Exchange Program
For many years, the United States Mint has administered a program by which people and businesses could exchange bent and partial coins (commonly referred to as “mutilated coins”) for reimbursement. Bent coins are defined as U.S. coins which are bent or deformed so as to preclude normal machine counting but which are readily and clearly […]
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Wealthy Max Presents Motion to Dismiss in Civil Forfeiture Case
By Wealthy Max Ltd ….. The Wealthy Max Limited legal defense team from GeyerGorey LLP, represented by Robert Connolly, presented the arguments behind its motion to dismiss the civil forfeiture case brought by the US Attorney for the District of New Jersey. The hearing was held in the courtroom of Judge Juan R. Sanchez, […]
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U.S. Mint News – United States Extends Suspension of Coin Exchange Program
Under the authority of 31 U.S.C. 5120, the United States Mint established a program by which people and businesses could exchange bent and partial coins for reimbursement. Fused or mixed coins cannot be redeemed by the United States Mint. On November 2, 2015, the United States Mint suspended the exchange program for a period of […]
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Wealthy Max Ltd – FormerFeds Group Issues Mutilated Coin Redemption Program White Paper
Recommends U.S. Mint Require Tougher Compliance Program for Coin Redeemers By FormerFeds Group, LLC ……. The FormerFeds Group, LLC today announced the release of its White Paper on the U.S. Mint’s Mutilated Coin Redemption Program including recommendations to improve coin redemption procedures. This program was suspended by the Department of the Treasury in November 2015 […]
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Wealthy Max Opens Up to Redeem Name
By Joshua McMorrow-Hernandez for Coinweek ……. Recycling firm Wealthy Max Ltd is hoping to save face with a transparency program following a controversy that spelled massive fines and civil proceedings for the company, which has links to China. The firm, which submitted tons of coins to the United States Mint’s Mutilated Coin Redemption Program, has […]
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U.S. Mint Suspends Coin Exchange Program
Under the authority of 31 U.S.C. 5120, the United States Mint established a program by which people and businesses could exchange bent and partial coins for reimbursement. Fused or mixed coins cannot be redeemed by the United States Mint. Because of the possibility of unlawful activity on the coin exchange program, the United States Mint […]
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