At first it seemed to be the perfect crime. The $1 Presidential coins were untraceable, legal tender and worth a lot more than their face value. They appeared perfect but for ‘errors’ in lettering on the edges – and that meant they were valuable to coin collectors.
William Gray, a former police officer for the U.S. Mint in Philadelphia, cashed in by stealing $2.4 million of the coins to sell to collectors.
The 64-year-old, who had worked at the Mint since 1996, sold them to a distributor in California after they were launched in 2007. But the law finally caught up with Gray yesterday when he pleaded guilty to charges of stealing government property and tax evasion…
U.S. Attorney Paul J. Fishman did not reveal how they caught the worker who posted the ‘mint error’ coins from New Jersey.
No one in the United States wants to use coins for anything anymore. And we already have the ugliest paper currency in the world.
I’ll stick with my debit card and keep my account current online, day-by-day.