80 FR 66622 - Suspension of Coin Exchange by United States Mint

DEPARTMENT OF THE TREASURY
United States Mint

Federal Register Volume 80, Issue 209 (October 29, 2015)

Under the authority of 31 U.S.C. 5120, the United States Mint established a program by which people and businesses could exchange bent and partial coins for reimbursement. Fused or mixed coins cannot be redeemed by the United States Mint. Because of the possibility of unlawful activity on the exchange program, the United States Mint is suspending its redemption of bent and partial coins for a period of six months to assess the security of the program and develop additional safeguards, as necessary, to ensure the integrity of United States coinage. The redemption of uncurrent coins, as defined by 31 CFR 100.10(a), is unaffected by this suspension. Uncurrent coins may still be redeemed by Federal Reserve banks and branches in accordance with the criteria and procedures set forth in 31 CFR 100.10.

[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Notices]
[Pages 66622-66623]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27487]


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DEPARTMENT OF THE TREASURY

United States Mint


Suspension of Coin Exchange by United States Mint

ACTION: Suspension of Coin Exchange by United States Mint.

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SUMMARY: Under the authority of 31 U.S.C. 5120, the United States Mint 
established a program by which people and businesses could exchange 
bent and partial coins for reimbursement. Fused or mixed coins cannot 
be redeemed by the United States Mint.
    Because of the possibility of unlawful activity on the exchange 
program, the United States Mint is suspending its redemption of bent 
and partial coins for a period of six months to assess the security of 
the program and develop additional safeguards, as necessary, to ensure 
the integrity of United States coinage.
    The redemption of uncurrent coins, as defined by 31 CFR 100.10(a), 
is unaffected by this suspension.

[[Page 66623]]

Uncurrent coins may still be redeemed by Federal Reserve banks and 
branches in accordance with the criteria and procedures set forth in 31 
CFR 100.10.

DATES: Effective Date: November 2, 2015.

FOR FURTHER INFORMATION CONTACT: Tom Jurkowsky, Director, Office of 
Corporate Communications, United States Mint, Washington, DC, at (202) 
354-7222 or 354-7227 or [email protected].

    Authority: 31 U.S.C. 5120

    Dated: October 22, 2015.
Richard A. Peterson,
Deputy Director for Manufacturing and Quality, United States Mint.
[FR Doc. 2015-27487 Filed 10-28-15; 8:45 am]
 BILLING CODE P