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Mar 12, 2018

GATA | THE GATA DISPATCH: Congressman criticizes U.S. Mint for inaction on counterfeit precious metal coins.



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


Submitted by cpowell on 11:02PM ET Monday, March 12, 2018. Section: Daily Dispatches From EIN Presswire.com
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 ...


"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:
http://www.fox8live.com/story/37704978/congressman-criticizes-us-mint-fo...