According to Coin World, the Treasury Office of Inspector General (OIG) “may” investigate how the U.S. Mint has handled the sales of limited-edition numismatic collectibles. Coin World may have confirmed information provided to me on background.
Although the web-based ordering has sort-of worked, I reported on the systemic issues facing the U.S. Mint in moving forward. In summary, my investigation found:
- The alleged silver shortage was not a shortage of silver but a failure of the U.S. Mint to manage its supply chain properly.
- The U.S Mint’s insistence that Internet robots (BOTs) were the cause of their web-based issues was the symptom of a more significant problem that they have not learned from their past mistakes.
- The U.S. Mint’s management managing like they were afraid of repercussions because the lawyers said so. The way it sounded, the U.S. Mint management was not managing but taking instructions. If they cannot manage, should they be replaced by lawyers?
An investigation by the Treasury OIG is an excellent first step. But experience has shown that an OIG report does not guarantee that U.S. Mint will fix the problems. I have seen government managers and appointees say all of the right things and do little to nothing.
It might require an act of Congress to fix the U.S. Mint. If it requires an act of Congress, don’t hold your breath waiting for changes.