LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

COT Gold, Silver and US Dollar Index Report - November 15, 2019
By: GoldSeek.com

Gold Miners’ Q3’19 Fundamentals
By: Adam Hamilton, Zeal Research

Did the Comex just create more 'paper gold' for price suppression?
By: Dave Kranzler

Illiquidity And Gold And Silver In The End Game
By: Darryl Robert Schoon

Precious Metals Update Video: Gold momentum turning up in oversold territory
By: Ira Epstein

Metals Market Likely Bottoming
By: Avi Gilburt, Elliott Wave Trader

Wait two years for disclosure of repo cash recipients and amounts, New York Fed tells GATA
By: Chris Powell, GATA

Precious Metals Update Video: Gold has its first real bounce
By: Ira Epstein

Asian Metals Market Update: November-14-2019
By: Chintan Karnani, Insignia Consultants

COMEX Gold Into Year End
By: Craig Hemke, TF Metals

 
Search

GoldSeek Web

 
Congressmen Press the U.S Mint for Action on Counterfeit Gold and Silver Coins


 -- Published: Monday, 30 October 2017 | Print  | Disqus 

Washington, DC (October 30, 2017) -- Congressmen Alex Mooney (R-WV) and Frank Lucas (R-OK) delivered a formal letter to the United States Mint and Secret Service, urging aggressive action on the growing problem of high-quality counterfeits of U.S. precious metals coins entering the country from China and elsewhere.

 

“Enclosed herewith is a 1995 1 oz. Gold American Eagle coin, carrying a face value $50 and ostensibly minted by the U.S. Mint,” Mooney and Lucas wrote.  “You are free to keep it, as it’s a worthless tungsten fake.”

 

As members of the House Financial Services subcommittee which oversees the U.S. Mint, Congressmen Mooney and Lucas are seeking information from the government institution responsible for the production of coinage for the United States, such as “the nature and quantity of complaints – and resulting investigations – regarding counterfeit U.S. gold, silver, and platinum coins within the last two years,” and “what anti-counterfeiting programs, if any, are in place to protect the integrity of U.S. coins minted specifically of gold, silver, platinum, and palladium.”

 

The congressmen request information as to whether, and to what extent, the U.S. Mint has taken proactive steps to protect the integrity of America’s minted coins, including reviewing and implementing the anti-counterfeiting measures already put in place by certain foreign government and private mints.

 

And they seek clarification regarding the “expected roles of the Secret Service, U.S. Customs and Border Enforcement, and other federal law enforcement agencies in detecting and investigating counterfeits of U.S. coins minted of precious metals and the extent of their coordination with the U.S. Mint.”

 

The congressmen also raised concerns about a Secret Service decision not to investigate the origin of a counterfeit batch of Gold American Eagle coins when the matter was recently brought to its attention.

 

“We commend Representative Mooney and Representative Lucas for their actions in defending sound money and for beginning to exercise Congressional oversight duties in accordance with Article I, Section 8, Clause 5 of the U.S. Constitution,” said Stefan Gleason, director of the Sound Money Defense League.

 

“We look forward to a meaningful explanation from the U.S. Mint and the Secret Service for what appears to be a lackadaisical attitude toward protecting the only truly constitutional currency that is currently even produced by the federal government,” said Gleason.

 

A full copy of the congressional letter can be found here.

 

The U.S. Mint produces 1 Oz American Gold Eagles, Silver Eagles, and other precious metals coins.

 

Jp Cortez is the assistant director of the Sound Money Defense League, an organization working to bring back gold and silver as America's constitutional money. Follow him on Twitter, @JpCortez27.

 


| Digg This Article
 -- Published: Monday, 30 October 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.