Industry information from elsewhere on the web

           The United States Mint established the Mutilated Coin Redemption Program so people and businesses could exchange bent and partial coins (commonly referred to as mutilated coins) for reimbursement. The information on the U.S. Mint website outlines the process for submitting mutilated coins for reimbursement.  

          Wealthy Max Limited, originally named Glory Smart Limited, was, until 2014, one of the largest suppliers of mutilated coins to the U.S. Mint’s Mutilated Coin Redemption Program.  Between 2002 and 2014 it had successfully sent over 170 shipments of mutilated coins to the U.S. Mint, all of which had been sourced as a by-product of China’s vast recycling industry.  But what are the origins of Wealthy Max? 

          The US Mint recently began accepting mutilated coins from scrap recyclers after a 2 year hiatus while it investigated an alleged massive Chinese coin fraud operation.

          Some entrepreneurs can make a business out of the strangest of phenomena. Take Ronnie Shahar from Australia, who started up a company that buys old coins found in end-of-life cars at recycling yards. 

           Danish authorities have released two Chinese citizens detained for 48 days after attempting to exchange a huge bag of Danish coins mistaken for counterfeit money.

          The accused duo were found not guilty and told they were free to go after police and the central bank confirmed that the kroner, which amounted to 32,765 euros, was not fake.

          Workers in China sift through piles of shredded aluminium. Damaged coins are pulled from piles of metal scrap.