ISRI Calls for Immediate Resumption of Mutilated Coin Program
This past Monday, ISRI officially submitted public comments to the U.S. Treasury calling for the immediate end to the suspension of the U.S. Mint’s Mutilated Coin Redemption Program.
The program was put on hold more than a year ago based
on fear of counterfeiting. In its comments, ISRI highlighted the suspension’s harmful impact on
the recycling industry and called for proper safeguards to be put in place with
the reinstitution of the program. These safeguards include: certification,
annual limitations, chain of custody, and material authentication. ISRI will
continue to reach out to the U.S. Treasury and Capitol Hill to leverage its
expertise on this issue and offer guidance to get the program back on track. We
look forward to increased cooperation on this issue on the part of the
government. If you have any questions or have been impacted by this issue,
please contact Billy Johnson.