On Sep. 25, US Treasury removed rule on bent, partial coin exchange.
US Treasury issued final rule removing US Treasury regulations re exchange of bent, partial, fused, mixed coins; removal will end exchange program for bent, partial coin.
Follows US Treasury May 2024 proposed to remove these regulations, see #104840.
Agency received 35 comments on NPRM, discussed legality of melting, coin disposal.
Final Rule
US Treasury regulations under 31 CFR 100.11, 31 USC 321, relate to request for examination of bent/partial coin for possible redemption, last amended Dec. 20, 2017.
US Mint has redeemed bent and partial coins for full face value, however, reported that the circumstances surrounding the redemption program have materially changed.
Today submissions must be carefully evaluated to ensure that counterfeit coins are not accepted to the program, authentication increasingly difficult and time-consuming.
As a result, US Mint proposed to end the exchange program for bent and partial coin.
