In a March 6 letter to the U.S. Mint, Rep. Alex Mooney, R-W.Va., chastised
the bureau for what he characterized as its continued lack of action
in combating the counterfeiting of the nation’s bullion coins.
Mooney and House colleague Frank Lucas, R-Oklahoma, first criticized
the Mint’s inaction in an Oct. 27, 2017, letter to David Motl, then
acting deputy Mint director. The March 6 letter is addressed to Motl,
who retired Jan. 31, 2018.
Mooney began taking on the Mint’s hierarchy after one of his
constituents was defrauded in the purchase of U.S. bullion coins
determined to be fakes.
In his March 6 letter, Mooney addressed the Mint’s Nov. 17 response
the Oct. 27 joint letter from him and Lucas: “The U.S. Mint’s response
dated Nov. 17, 2017, seemed to suggest a belief that the problem was
not significant. However, the U.S. Secret Service has since briefed my
office about the extent of this activity and its frustration with the
lack of supportive actions by other agencies, including the U.S. Mint.
“The matter of counterfeits has been repeatedly raised as a serious
issue in the coin industry press, including leading publications
like Coin World Magazine. I understand the U.S. Mint was
briefed on the still-growing problem at a meeting with representatives
of the Industry Council for Tangible Assets prior to responding to our
letter, which is part of the reason why your response was so
disappointing and concerning.”
Wendell Wolka concludes his series of columns on
allegorical figures depicted on obsolete notes with tips on
identifying several figures by their accessories.
Also in this issue, we take a look at a few of the dozens of
abbreviations in numismatics.
Mooney noted the officials acknowledged that the Mint is pursuing
technologies for identifying counterfeits, but his March letter notes
also that such technology has been in existence and in use for years.
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