Other Languages

LangGerman LangChi langFr

The Mutilated Coin Redemption Program is Back

After an effort spanning three years, ISRI’s work to have the U.S. Mint restart its Mutilated Coin Redemption Program bore fruit and delivered a significant economic benefit to ISRI members.
  • 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 ISRI and its members
    • this effort, while taking three years, involved advocacy with the U.S. Mint and Congress to get it resumed. 

SPAN Main

Have Questions?