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US Mint Proposed Rule on Coin Exchange
The United States Mint has proposed revisions to its regulations concerning the exchange of uncurrent, bent, partial, fused, and mixed coins. These proposed updates aim to enhance the integrity of the coin acceptance and processing procedures and include revised redemption rates and new certification and submission requirements for participants.
US Mint Proposes Rule for Coin Exchange
The United States Mint has proposed a rule to revise regulations concerning the exchange of uncurrent, bent, partial, fused, and mixed coins. The proposed changes aim to enhance the integrity of the redemption process and prevent fraud, including establishing weight and shipment limits for coin submissions.
US Mint withdraws proposed rule ending coin exchange program
The United States Mint has withdrawn its proposed rule to end the exchange program for bent and partial coins. This action follows a proposed rulemaking from May 2021. The Mint cited increased volume, authentication difficulties, and operational losses as reasons for closing the program.
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