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Treasury inspector general may investigate Mint sales
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<p>[QUOTE="Beardigger, post: 7833364, member: 104605"]The problem is the OIG has no teeth. They do not have the power to make the mint do anything. All they can do is issue reports and recommendations. Basically, they can tell them what they should be doing, but have no power to make that happen And as long as the treasury is getting $540 million a year, I doubt anything meaningful to us collectors will occur. </p><p><br /></p><p>They will issue the investigation findings, make recommendations, and check back in a year or two to see if any of their recommendations were followed, if not, they will do another investigation......issue findings, and check back in a year or two......see any pattern here? LOL!</p><p><br /></p><p>the paragraph from the article below says it all.</p><p><br /></p><p>Regarding Mint controls over the sales of “limited-production, investment-grade” products, the plan is “to determine if the Mint’s practices adhere to established policies and procedures designed to ensure the broadest and most fair access.” On the same subject, OIG also plans to scrutinize actions taken by the Mint relating to weaknesses identified in prior Treasury OIG checks, to see if actions adequately addressed issues noted.[/QUOTE]</p><p><br /></p>
[QUOTE="Beardigger, post: 7833364, member: 104605"]The problem is the OIG has no teeth. They do not have the power to make the mint do anything. All they can do is issue reports and recommendations. Basically, they can tell them what they should be doing, but have no power to make that happen And as long as the treasury is getting $540 million a year, I doubt anything meaningful to us collectors will occur. They will issue the investigation findings, make recommendations, and check back in a year or two to see if any of their recommendations were followed, if not, they will do another investigation......issue findings, and check back in a year or two......see any pattern here? LOL! the paragraph from the article below says it all. Regarding Mint controls over the sales of “limited-production, investment-grade” products, the plan is “to determine if the Mint’s practices adhere to established policies and procedures designed to ensure the broadest and most fair access.” On the same subject, OIG also plans to scrutinize actions taken by the Mint relating to weaknesses identified in prior Treasury OIG checks, to see if actions adequately addressed issues noted.[/QUOTE]
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