President Trump nominated David J. Ryder to a five-year term as the 39th director of the United States Mint, the White House announced today, Oct. 5. The position has been officially vacant since Edmund C. Moy left it in January 2011.
Mr. Ryder is no stranger to the office. He served under President George H. W. Bush as the 34th Mint director from September 1992 to November 1993.
The following information was offered Oct. 3 in a White House release announcing the intent to nominate Ryder:
"Mr. Ryder served as manager and managing director of currency for Honeywell Authentication Technologies. Previously, Mr. Ryder served as CEO of Secure Products Corporation, which was acquired by Honeywell in 2007. In 1991, Mr. Ryder was nominated by President George H.W. Bush and confirmed by the U.S. Senate to serve as Director of the U.S. Mint. His prior government service also included Deputy Treasurer of the United States, Assistant to the Vice President and Deputy Chief of Staff to Vice President Daniel Quayle. Mr. Ryder was born in Billings, Montana and raised in Boise, Idaho. A graduate of Boise State University, Mr. Ryder is married with two children."
David Motl has served as the acting principal deputy director of the U.S. Mint since Jan. 20 when Rhett Jeppson resigned from the position.
Ryder must be confirmed as the 39th director by a vote in the Senate.
Ryder was appointed as a “recess appointment” without the approval of Congress, which is why he only served for 14 months & his short term as unofficial “Mint Director” ended without congressional approval when Congress adjourned in 1993. He was never confirmed by the Senate, which is required to hold the Director of the Mint title.
i don,t know, i think Mike would have been a better choice. He could have redeemed himself for all his shot comings he has done to unsuspecting customers. Does Ryder collect coins, i would emagin Honeywell would pay better. unless he wants to build his Fed, pension with our mint.
The base salary for the Mint Director position is $168,000 per year & can range as high as 211,000 (much more than a U.S. Senator!). The average Mint employee makes about $25 per hour. The Mint offers some employees performance bonuses too. In 2015 the Mint had 1,695 employees.
Hmmm, so why would Trump waste his time making this appointment? Is this guy pro-business and would therefore offer all collectable coins first to dealers before thinking of collectors (i.e. small mintages and no household limits)? Expand the list of approved bullion retailers? According to my records the coins I ended up buying in 92-93 most all had mintages of >= 500,000. Not a lot collectable but also pretty easy to keep one’s theme collection moving along. And then of course the 10th anniversary American Eagle set (containing the first W silver eagle) came out in 1995 which Ryder may… Read more »
Thanks for the info., Seth. I was wondering why he was there for such a short period.
they get something like 80% of their finale year base pay for a pension. Nothing to sneeze at. go,s good with a 401k .
what as coin collectors can we expect from him, is he a coin collector ?
Question is…will he last longer than Anthony Scaramucci…