A Coin World article by Paul Gilkes reports that the US Mint has suspended the Mutilated Coin Redemption Program “pending the development of additional safeguard”.
As previously reported here, the US government pays $19.84/pound for dimes, quarters and half dollars that are bent, broken or corroded. Chinese recyclers were returning 'coins' that did not have the metallic composition of original coins. Every year millions of dollars of such coins are somehow being found in China by firms that recycle cars and electronic equipment.
No comments:
Post a Comment