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Mint worker admits theft of coins

A former police officer for the US Mint in Philadelphia has admitted to stealing 2.4 million US dollars worth of "error" coins and selling them to a coin distributor in California.

US attorney Paul J. Fishman in New Jersey said 64-year-old William Gray pleaded guilty to charges of theft of government property and tax evasion.

Gray, of North Wildwood, New Jersey, had worked at the US Mint since 1996.

In a federal court in Camden, New Jersey, he admitted taking one US dollar presidential coins that were missing edge lettering, knowing they would be considered more valuable to coin collectors because they were considered "mint errors". He posted them from New Jersey.

He was freed on 50,000 US dollars bail. He is scheduled to be sentenced on December 20.

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From Belfast Telegraph