The U.S. Mint has been without an appointed director since Edmund C. Moy resigned as the director effective on January 9, 2011, although he had vacated his office earlier. Moy’s term was to expire on September 5, 2011. He was one of the few officials from the George W. Bush administration to work under Barack Obama.
Moy will be remembered for the problems with the U.S. Mint’s website ablity to meet collector demand and the debacle over not having enough bullion planchets to meet demands of investors and collectors.
Ryder comes to the U.S. Mint after holding the position of Global Business Development Manager and Managing Director of Currency for Honeywell Authentication Technologies. As part of his work, Ryder worked with the Royal Mint during their development of the security technology that they are currently being used for the new one-pound coin.
During his confirmation, Ryder was asked about counterfeit technologies and how it could help in the United States. Although counterfeiting is a concern, current circulating coins are not the counterfeiter’s targets. For coins, the targets are the older collectible coins with an overwhelming target being Morgan and Trade dollars.
This is a return for Ryder who served as the 34th Director from September 1992 to November 1993 during the administration of President George H.W. Bush. His experience with running the U.S. Mint in the past and his work with Honeywell should help him be successful.
Welcome, Mr. Ryder and good luck!
And now the news…
Football fans were shocked to learn that Patriots tight end Rob Gronkowski is a coin collector. On Wednesday night ESPN Sports Business Reporter Darren Rovell tweeted a new detail about Gronkowski's $1million home being burglarized on February 5, the night the Patriots lost to the Philadelphia Eagles in Super Bowl LII. → Read more at dailymail.co.uk
To mark the 20th anniversary of Astana and the 25th anniversary of the national currency, the National Bank of Kazakhstan will issue a new series of commemorative coins. This is great news for numismatists of many countries. → Read more at kazakh-tv.kz
Bank tellers beware! A coin con man may be on a roll, warn North Vancouver RCMP – literally. The inventive fraudster recently bilked a bank in North Vancouver by cashing in what the teller believed were more than 45 toonies and leaving significantly lighter, pocketing $2,600 in bills. → Read more at nsnews.com
A junk dealer in Turkey returned 100 gold coins he found hidden away in an old stove, state run Anadolu news agency reported on Friday. Asir Ozturk, 36, has been making a living by collecting and selling junk materials in Burdur for the last 20 years, according to the report. → Read more at thenews.com.pk
In 1974, Reno stock investor and real estate man, Lavere Redfield, passed away at the age of 77 years. Lavere was born in Utah and his father died when Lavere → Read more at elkodaily.com