At American Metal Market Daily: “Chasing the elusive jackpot in America’s waste stream”

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“The U.S. Mint has an obligation to redeem damaged coins…there needs to be a mechanism to recycle coins,” former U.S. Mint director Edmund C. Moy, who headed the agency from 2006 to 2011, told AMM in an interview.

Moy said without hesitation that “it’s not feasible to counterfeit most coins … it’s a high-volume, low-margin business. When you look worldwide, most efforts focus on high-denominated coins. … Counterfeiting coins is a more costly and complicated process than counterfeiting paper money,” he said.

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