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Report File
Date Issued
Submitting OIG
Department of the Treasury OIG
Other Participating OIGs
Department of the Treasury OIG
Agencies Reviewed/Investigated
Department of the Treasury
Components
United States Mint
Report Number
OIG-20-042
Report Type
Audit
Agency Wide
Yes
Number of Recommendations
8
Questioned Costs
$0
Funds for Better Use
$0

Open Recommendations

This report has 1 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
2-1 Yes $0 $0

The U.S. Mint Director before processing any mutilated or uncurrent redemptions should ensure the Mint strengthens and finalizes standard operating procedures for all coin exchange programs before accepting any redemptions. This would include using tests and subject matter experts to authenticate the genuineness of coins redeemed, as well as working with the Board of Governors of the Federal Reserve System to develop appropriate interagency procedures to assure the integrity of the coin redemption process for uncurrent coins.

Department of the Treasury OIG

United States