Late last year, the U.S. Mint finally resumed its long-standing Mutilated Coin Redemption Program at the U.S. Mint
ISRI helped develop the certification system for large scale redemptions
the Mint released its certification process in mid-January and has just begun accepting submissions of mutilated coins
the Mint has admitted that it will take several years to redeem the enormous backlog of mutilated coins held at scrapyards throughout the United States and abroad
The Mint reserved its authority to make facility visits before and after approving a company’s certification
The Mint also notified redeemers that it will refer suspicious cases to the Justice Department
Resuming this program for scrap recyclers was an important victory for ReMA and its members
this effort, while taking three years, involved advocacy with the U.S. Mint and Congress to get it resumed.
