Mutilated Coin Exchange May End, Too Many Fakes

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Author	Replies: 11 / Views: 721
livingwater Pillar of the Community United States 2233 Posts	Posted 05/13/2024 09:15 am The US Mint wants to end mutilated coins exchange partly due to foreigners sending in fakes. Wow, seems like even mutilated coins are faked. https://www.coinworld.com/news/us-c...eks-comments Edited by livingwater 05/13/2024 09:19 am Report this Post to the Staff

Coinfrog Bedrock of the Community United States 94367 Posts	Posted 05/13/2024 09:52 am Good link, thanks. Report this Post to the Staff
jbuck Moderator United States 188660 Posts	Posted 05/13/2024 12:47 pm Very interesting. Thank you for sharing. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Maine Member Valued Member United States 450 Posts	Posted 05/13/2024 3:43 pm Good Article. IMHO, the mint made the right move. The whole thing seems to be a waste of taxpayer $ if they have to sort out the counterfeits. Thank you for sharing, Report this Post to the Staff
captainmandrake1 Pillar of the Community United States 878 Posts	Posted 05/13/2024 4:06 pm I'm surprised that they were even doing that with foreign entities. Report this Post to the Staff
ijn1944 Bedrock of the Community United States 19161 Posts	Posted 05/13/2024 4:10 pm Very good info. Report this Post to the Staff
Dearborn Moderator United States 96315 Posts	Posted 05/13/2024 4:49 pm great info - I never needed that (I save all my coins..) Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
Tunnioc Pillar of the Community United States 3179 Posts	Posted 05/13/2024 4:54 pm None of mine are fake! Report this Post to the Staff
jbuck Moderator United States 188660 Posts	Posted 05/13/2024 5:06 pm Yikes! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
MrPink2018 Pillar of the Community United States 2473 Posts	Posted 05/13/2024 6:06 pm @Tunnioc: wow, what a collection of roadkills! I find that stuff every night, but I do not save them, they get put right back into circulation. Report this Post to the Staff
Tunnioc Pillar of the Community United States 3179 Posts	Posted 05/13/2024 6:21 pm I was figuring to melt them all down into 1 ingot someday! Report this Post to the Staff
Sap Moderator Australia 16831 Posts	Posted 05/13/2024 7:51 pm Unlike many other countries, banks in the US are not obligated to redeem, accept or exchange mutilated coins. This means that once the Mint's program is formally cancelled, no avenue of redemption will be available and a bent or mutilated coin would only be worth scrap metal value. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
	Replies: 11 / Views: 721

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