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Category Archives: policy

Money manufacturing continues during a shutdown

The last time the government shutdown, because Congress did not do their job, was on September 30, 2013. Over the weekend, the major impact will be the recreational-based activities including the National Parks and the Smithsonian Museums—although many of these agencies will remain mostly open using what is called “carry-over funding” which are services whose […]

U.S. Mint to resume Mutilated Coin Redemption Program

Starting on January 19, 2018, the U.S. Mint will be resuming the Mutilated Coin Redemption program. The program was suspended in December 2015 when the government alleged that a company in New Jersey was importing counterfeit coins from China to redeem as mutilated coins. Formal charges were brought against the persons involved in March 2016 […]

Senate Rejects Ryder

With the gaveling in the second session of the 115th Congress, the Senate allows the inaction to the nomination of David Ryder to be the next Director of the U.S. Mint to end without a vote. Officially, Ryder’s nomination was “[returned] to the President under the provisions of Senate Rule XXXI, paragraph 6 of the […]

December 2017 Numismatic Legislation Review

Each two-year term of congress is marked by sessions that begin every January 3rd at noon. When the House and Senate gavel into session on January 3, 2018, it will be the second session of the 115th Congress. Political watchers have called the 115th congress everything from contentious to partisan to dysfunctional to names that […]

How the new tax bill will hurt numismatic businesses

The Industry Council for Tangible Assets (ICTA) issued an alert warning that a provision on the House of Representatives’s tax plan has the potential to hurt the numismatic industry and asked its members to contact their representatives to let them know of the issue. Like many legislative actions, the bill was probably not targeted at […]

David J. Ryder nomination hearing held on October 24

The Senate Committee on Banking, Housing, and Urban Affairs held a nomination hearing on October 24 and heard from David J. Ryder, nominated to be the 39th Director of the U.S. Mint. As part of his opening statement, Ryder had noted that he worked for Secure Products, a company focused on developing anti-counterfeiting solutions for […]

Weekly Numismatic World News for October 22, 2017

The Coin Collectors Blog has been and always been about collecting numismatics in all forms from a collector’s point of view. As I am coming up on my 12th anniversary of writing this blog, I would like to address a few comments I have received via email. As a reminder, a blog is short for […]

Mnuchin under investigation for Fort Knox trip

Being Secretary of the Treasury does have its perks. On August 21, Secretary of the Treasury Steven T. Mnuchin traveled to Louisville, Kentucky to speak at a luncheon sponsored by the Louisville chamber of commerce. Joining him on the flight was his wife, actress Louise Linton. Later in the day, Mnuchin, Senate Majority Leader Mitch […]

Lack of leadership at the U.S. Mint

Following the sell out of the 225th Anniversary Enhanced Uncirculated Coin Set, a few readers asked if I was going to post a comment. I declined to let the rest of the industry have this discussion. I would rather have a discussion about a different issue related to the U.S. Mint: the lack of leadership. […]

July 2017 Numismatic Legislation Review

As part of my bill tracking, I am including the status of the Saint-Gaudens National Historical Park Redesignation Act even though it does not have numismatic content. Given the impact of Agustus Saint-Gaudens to the numismatic world, it seems fitting to watch the status of this bill. Converting it from a National Historic Site to […]