Now that the United States Mint has a real director — one nominated
by the president, confirmed by the Senate, and sworn into office —
what will he do that changes the bureau and the collector customers it serves?
Ryder brings to the office a wealth of experience, including a prior stint as Mint
director during the presidency of George H.W Bush. He also has
practical experience, acquired while leading a company that
manufactures and supplies covert and forensic security features for
the authentication of currency, value documents and products.
Both of those areas of expertise are important in today’s minting
business. Ryder is no political appointee selected simply to recognize
service to the president who nominated him. And he brings to the Mint
a level of knowledge in an area that the United States Mint has
neglected and even claimed was no big deal — the counterfeiting of the
Mint’s precious metals coins.
Regular readers of my editorials in Coin World know that I
have criticized the Mint bureaucracy for its head-buried-in-the-sand
approach to a problem that everyone else in the coin community
recognizes as a serious problem that requires a serious response from
the government. Counterfeit coins are a problem for this country and
the collector community in particular.
Thanks to the work of others in the numismatic community, namely
those who work on behalf of the Industry Council for Tangible
Assets’ Anti-Counterfeiting Task Force, two government agencies
— the Secret Service and the Customs and Border Protection, are now
more aware of the problems and seem to be taking steps to do something
meaningful about them.
Now it is time for David Ryder to make sure that the U.S. Mint steps
up and starts to take this issue seriously.
We have hit pause on our Monday Morning Brief videos. They will
return later this year.