Congressmen Alex Mooney (R-WV) criticized the United States Mint for its “disappointing and concerning” miss of recognition or movement on the flourishing problem of high-quality counterfeits of U.S. precious-metals coins entering the country from China and elsewhere.
In a minute antiquated Mar 6, Rep. Mooney took the U.S. Mint to charge on its regular one-page response to a before minute that he and Congressman Frank Lucas sent last Oct asking for information as to whether, and to what extent, the U.S. Mint has taken active stairs to strengthen the firmness of America’s minted coins, including reviewing and implementing the anti-counterfeiting measures already put in place by certain unfamiliar supervision and private mints.
“The U.S. Mint’s response antiquated Nov 17, 2017, seemed to advise a faith that the problem was not significant,” wrote Mooney in his Mar 6 letter.
“However, the U.S. Secret Service has given briefed my bureau about the border of this activity and its disappointment with a miss of understanding actions by other agencies, including the U.S. Mint.”
“The matter of counterfeits has been regularly lifted as a critical issue in the china attention press… As your organisation is aware, there have been anti-counterfeiting technologies on the marketplace for some time – and many of these technologies have already been adopted by some of your ‘competitors,’” continued Rep. Mooney.
Mooney also mentioned one of these technologies (called Veriscan) and relayed an engaging offer by U.S. formed Manfra, Tordella Brookes, which now provides the blanks for the U.S. Mint’s Palladium Eagle Coins, “to arrange the union of (the anti-counterfeiting technology) on the next distribution of the U.S. Mint’s palladium coins but charge” as good as “back substantiate already released U.S. Mint coins, supposing the dies and prolongation samples are available.”
As a member of the House Financial Services subcommittee which oversees the U.S. Mint, Congressmen Mooney has been heading a congressional exploration into the counterfeiting problem, seeking information from sovereign agencies about the inlet and apportion of complaints — and ensuing investigations — per tawdry U.S. gold, silver, and bullion coins and what anti-counterfeiting programs, if any, are in place to strengthen the firmness of U.S. coins minted privately of gold, silver, platinum, and palladium.
“We praise Representative Mooney for his ongoing movement in fortifying sound income and for assisting Congress practice its slip duties in suitability with Article I, Section 8, Clause 5 of the U.S. Constitution,” pronounced Stefan Gleason, Director of the Sound Money Defense League.
“It’s critical the U.S. Mint stop sitting on the sidelines and yield support to the U.S. Secret Service as good as the changed metals attention in rebellious the problem of tawdry changed metals coins.”
“Unfortunately, there is clearly a good-for-nothing opinion at the U.S. Mint toward safeguarding the only inherent banking that is now even constructed by the sovereign government,” continued Gleason.
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A full duplicate of the Rep. Mooney’s Mar 6, minute can be found here. His strange Oct 27, 2017 minute is found here, and the U.S. Mint’s regular response antiquated Nov 17, 2017 is here.
The U.S. Mint produces 1-ounce American Gold Eagles, Silver Eagles, and other precious-metals coins.
The Sound Money Defense League is an Idaho-based open policy organisation operative nationally to bring back bullion and china as America’s inherent money. For criticism or some-more information, call 1-208-577-2225 or email firstname.lastname@example.org.
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