Congressman criticizes U.S. Mint for inaction on counterfeit precious metal coins


From EIN
via WVUE-TV8, New Orleans
Monday, March 12, 2018

WASHINGTON -- U.S. Rep. Alex Mooney, R-West Virginia, criticized the United States Mint for its "disappointing and concerning" lack of awareness or action on the growing problem of high-quality counterfeits of U.S. precious-metals coins entering the country from China and elsewhere.

In a letter dated March 6, Rep. Mooney took the U.S. Mint to task on its perfunctory one-page response to a prior letter that he and Rep. Frank Lucas sent last October asking for information as to whether and to what extent the U.S. Mint has taken steps to protect the integrity of America's minted coins, including reviewing and implementing the anti-counterfeiting measures already put in place by certain foreign government and private mints.

... Dispatch continues below ...


Buy, Sell, or Store Precious Metals with Money Metals

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

-- or by calling 1-800-800-1865.

Meanwhile, the Money Metals Depository --

-- has opened the largest Class III vaulting facility in the northwest United States and is offering fully segregated storage at the lowest rates in the industry.

Money Metals Depository's maximum-security vault is located in western Idaho, a safe distance from Wall Street, Washington, D.C., politicians, banks, and large, crime-ridden metropolitan areas. The online tools and account notification procedures of the Money Metals Depository give you complete transparency with your holdings all the time -- and you can buy or sell from your depository account with just a few clicks of the mouse. Get started here:

"The U.S. Mint's response dated November 17, 2017, seemed to suggest a belief that the problem was not significant," Mooney wrote in his March 6 letter.

"However, the U.S. Secret Service has since briefed my office about the extent of this activity and its frustration with a lack of supportive actions by other agencies, including the U.S. Mint." ...

... For the remainder of the report:

* * *

Join GATA here:

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: