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U.S. Mint Numismatic Coin Programs: Allegation of Additional Losses on the Olympic Commemorative Coin Program

T-AIMD-97-124 Published: Jun 26, 1997. Publicly Released: Jun 26, 1997.
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Highlights

GAO discussed its preliminary findings regarding an allegation about the U.S. Mint's Atlanta Olympic Commemorative Coin Program (Olympic Coin Program). The allegation claims that the Olympic Coin Program has lost approximately $24.7 million, while the Mint has previously reported losses of only about $2 million. GAO has not yet completed its work and, accordingly, cautions that its results are only preliminary.

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Cost accountingCurrency and coinageFinancial managementFinancial management systemsLossesMarketingSportsPrecious metalsTransportation costsAdministrative costs