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Replies: 16 / Views: 2,332 |
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Pillar of the Community
United States
1267 Posts |
After reading a recent thread (another forum) about the 'First Strike Lawsuit' a question came to mind. Is there a law or any sort of mint imposed policy which prohibits or at least frowns upon US Mint workers when they collect coins, sell/deal coins, sell or buy bullion, etc.
In your opinion, should there be a policy in place which would address the issue?
Ben
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Pillar of the Community
United States
597 Posts |
I don't know how the mint could prohibit someone from collecting or dealing in coins so long as it has nothing to do with their job. Now if they are pilfering 1964 Peace dollars and pawning them off on ebay it might be another matter...
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Pillar of the Community
United States
2600 Posts |
I've always wondered how some of these errors ever get out of the mint. I suspect that the mint workers should be given credit here and to that extent, perform a valuable service.  I can think of 5 nickels the world would not have if not for an industrious mint employee. Jim
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Bedrock of the Community
United States
20753 Posts |
Posted - Today : 09:38:02 AM I've always wondered how some of these errors ever get out of the mint. I suspect that the mint workers should be given credit here and to that extent, perform a valuable service. I can think of 5 nickels the world would not have if not for an industrious mint employee. Jim I shouldn't tell you this but there is a government department working at the Mint that you are not supposed to know about. This is the Mint Error Secret Service known as MESS. They are responsible for creating, disttributing and notifying the public of so called accidental error coin releases. Have you noticed that as fast as an error is made and distributed the public finds out? Have you noticed the amount of attention in the news media of such errors? This is only one of the many methods the Mint has to make money. It is that department that infiltrates coin forums and coin shows and sells these errors and the profits go back to the Mint.   As to Mint employees collecting coins. Not sure of any law that could ever be made to say what you can or can not do on your own time. Only if I worked with coins all day long, every day, every week all year long I would think the last thing I would want to see at home would be a coin.
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Pillar of the Community
United States
2797 Posts |
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Valued Member
United States
144 Posts |
Well, many employers are making rules about what you can and can't do with your own time, and money (of course, they are still being challenged).
For example, stock purchases, smoking, being naughty on the Internet or in a magazine.
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Bedrock of the Community
United States
20753 Posts |
AHH yes there are some things people try to impose on others on their own time. What I was referring to was try asking a CAB driver to go our for a drive. If you worked in Pizza place all day, would you want a Pizza when you got home? If you shinned shoes all day, would you go home and shine your own? Of course there are exceptions to any job. For example a bank teller still likes money when they come home. I think the Mint personal go home and pretend coins don't exist.
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Pillar of the Community
United States
2269 Posts |
I see your point Carl. I would think that most mint employees see their work at the as a job. I don't believe too many employees collect what they make everyday. When I was in my teens, I worked at a movie theatre for a few years. To this day, I cannot stand the smell or the taste of popcorn. 
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Pillar of the Community
United States
2443 Posts |
I've heard that the mint caught people smuggling error coins out in there shoes...so the point of this: everyone check shoes in garage sales and second hand stores!
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Pillar of the Community
United States
2600 Posts |
What is next, cavity searches? Better tape those sharp edges  Jim  I'm probably in trouble again, but I just had to. 
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Bedrock of the Community
United States
20753 Posts |
Posted - Today : 12:22:32 AM
I've heard that the mint caught people smuggling error coins out in there shoes...so the point of this: everyone check shoes in garage sales and second hand stores!
Possible. But have you ever tried walking with coins in your shoes. Don't know about you but one little, tiny pebble in my shoe and I limp all over the place. HMMM. This does make me wonder why some coins smell.
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Bedrock of the Community
United States
12437 Posts |
quote: I've heard that the mint caught people smuggling error coins out in there shoes...
I don't know about here in the US, but an employee of the Royal Australian Mint was caught doing this very thing last year with $2 coins- more than $130,000 worth. http://www.smh.com.au/news/national...5228544.html
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Pillar of the Community
United States
2269 Posts |
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Pillar of the Community
United States
1173 Posts |
OK...it may seem extreme, but, yes, the Mint can develop and implement policy that would prevent "conflict of interest" activities by its employees. That wouldn't specifically prohibit coin collecting, but could, potentially, prevent dealing in certain types of coins, especially "error" coins and unauthorized minted coins. It should be agains the rules for mint employees to strike coins that they subsequently pilfer and sell for a profit.
I would bet big bucks that the mint has policy (or policies) in place that prohibit employees from knowing/intentionally minting errors or unauthorized coins, from financially benefitting from such activities, or from making such activities possible by third parties.
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Pillar of the Community
United States
1713 Posts |
It would be pretty sad to work in the mint and not be able to buy out any of those lovely errors!
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Bedrock of the Community
United States
17884 Posts |
quote: If you worked in Pizza place all day, would you want a Pizza when you got home?
Did for 12 1/2 years, had a pizza most every day for break, still ate a lot of pizza after I got home and on my days off. Still eat a lot of it today. I'm the exception I guess.
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Replies: 16 / Views: 2,332 |