Originally Posted by
84fiero
Indeed, the Mint obviously knew for a long time what was going on but let it ride, probably since it was helping their project managers show "results" as measured by sales of the coins. They put in place some mild restrictions after the first big round of attention, but it was still easily workable for awhile longer - until the last big article/radio bit where the Mint had no choice but to respond to cut it off.
I think there's a difference between the information being known and loosely "out there", and waving big red flags that may force another crackdown similar to the Mint situation. Yes, FT exists to share information. Somewhere there is a balance between the two extremes.
Although I have to agree with this I just have to add an important point.
It was not us that killed the US Mint coins. We only account for a very very small overall % of all the coins that were minted.
If anyone had read between the lines during the congressional hearings then the main fact of why they shut down the minted coins was the fact that the coins were not being circulated as intended. The main purpose of the coins was to replace the delicate paper dollar. After they found out that Billions of coins remained in storage (uncirculated) that proved the program was a bust and the main reason coins were stopped.