Imagine This Happening at the Mint

messydesk

Mint director's kid takes out a credit card in their name, buys a ton of limited release stuff the second it goes on sale, say V75 AGEs, then makes a fortune on the secondary market flip.

https://www.marketwatch.com/story/nike-executive-resigns-after-her-son-used-her-corporate-card-to-buy-200-000-worth-of-sneakers-for-his-business-11614708765

jmlanzaf

@messydesk said:
Mint director's kid takes out a credit card in their name, buys a ton of limited release stuff the second it goes on sale, say V75 AGEs, then makes a fortune on the secondary market flip.

https://www.marketwatch.com/story/nike-executive-resigns-after-her-son-used-her-corporate-card-to-buy-200-000-worth-of-sneakers-for-his-business-11614708765

That is sort of how the 1933 Double Eagles got out. It wasn't nepotism, but it was cronyism.

All those damn isms...

MsMorrisine

teller window!

Zoins

@messydesk said:
Imagine This Happening at the Mint

You’re saying it didn’t? I wonder how many of the collector ordered Mint made fantasy coins were sold by relatives?

messydesk

@Zoins said:

@messydesk said:
Imagine This Happening at the Mint

You’re saying it didn’t? I wonder how many of the collector ordered Mint made fantasy coins were sold by relatives?

Well, if it did, nobody ever resigned over it. Then again, it is a government job.

ricko

There are more things that have transpired at the mint than anyone knows....and may still be happening. No doubt some of these errors left the mint under less than standard processes. And over the many years of operations, I am sure some 'special' coins were made and taken out for sale to 'collectors'. No system is totally secure. What the mind of man devises, the mind of man can defeat. Cheers, RickO

WAYNEAS

@ricko said:
There are more things that have transpired at the mint than anyone knows....and may still be happening. No doubt some of these errors left the mint under less than standard processes. And over the many years of operations, I am sure some 'special' coins were made and taken out for sale to 'collectors'. No system is totally secure. What the mind of man devises, the mind of man can defeat. Cheers, RickO

so true

Zoins

@ricko said:
There are more things that have transpired at the mint than anyone knows....and may still be happening. No doubt some of these errors left the mint under less than standard processes. And over the many years of operations, I am sure some 'special' coins were made and taken out for sale to 'collectors'. No system is totally secure. What the mind of man devises, the mind of man can defeat. Cheers, RickO

It is interesting that non-error coins have been harder and harder to escape. Escape is possible but then clawback via the legal system tends to prevail.

SaorAlba

1913 Liberty nickels are an example of something that was made and left the mint in less than honourable ways.

johnny9434

the 1913 v nickel was not authorized to begin with, jmo

PhillyJoe

Some one at the Denver Mint thought it would be neat to add an extra leaf to the corn stalk die for the state quarter. That caused a little commotion.

astrorat

@messydesk said:
Mint director's kid takes out a credit card in their name, buys a ton of limited release stuff the second it goes on sale, say V75 AGEs, then makes a fortune on the secondary market flip.

https://www.marketwatch.com/story/nike-executive-resigns-after-her-son-used-her-corporate-card-to-buy-200-000-worth-of-sneakers-for-his-business-11614708765

Ummm ... not quite what happened. The son did not take out a credit card in his mom's name. The kid used his mom's Nike corporate card to make the purchases. If the son had just taken out a credit card in his mom's name, it would not be the same issue ... a completely different kind of fraud than using a corporate card.

Now image the Mint Director's kid used his dad's government procurement card (just like a corporate card) and made the purchases ... now it's a closer kind of fraud.