David J. Ryder

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David J. Ryder
David J. Ryder official photo.jpg
34th and 39th Director of the United States Mint
Assumed office
April 12, 2018
PresidentDonald Trump
Joe Biden
Preceded byEdmund C. Moy
In office
September 1992 – November 24, 1993
PresidentGeorge H. W. Bush
Bill Clinton
Preceded byDonna Pope
Succeeded byPhilip N. Diehl
Personal details
Born (1955-10-14) October 14, 1955 (age 65)
Billings, Montana, U.S.
EducationBoise State University

David J. Ryder (born October 14, 1955) is the current Director of the United States Mint. He formerly served in the same position from 1992 to 1993.

Early life and education[]

David J. Ryder was born in Billings, Montana on October 14, 1955.[1] Raised in Boise, Idaho, he attended Boise State University.[1][2]

Career[]

Ryder worked for the United States Department of Commerce as deputy commissioner general of the U.S. Pavilion at the 1984 Louisiana World Exposition 1983–84, and then commissioner general 1984–85.[1] From 1985 to 1986, he worked in the Office of the Vice President of the United States as Director of Advance.[1] He was director of operations for TCOM Systems, Inc. from 1986 to 1988.[1]

He was director of operations of the 1988 Republican National Convention.[1] After George H. W. Bush won the 1988 U.S. presidential election, Ryder was director of management and operations for Bush's transition team.[1] From 1989 to 1990, he was Deputy Chief of Staff of the Office of the Vice President of the United States.[1] From 1990 to 1991, he was Deputy Treasurer of the United States.[1]

In 1991, President Bush nominated Ryder to be Director of the United States Mint and he subsequently held this office from September 1992 to November 1993 via a recess appointment.

Ryder joined Secure Products, a corporate venture “spin-off” of the Sarnoff Corporation, launched in 1994. In 2007 the Honeywell Corporation acquired Secure Products where Ryder held the position of Global Business Development Manager and Managing Director of Currency for Honeywell Authentication Technologies. Both Secure Products and Honeywell developed and launched highly advanced anti-counterfeiting systems for both manual and high-speed authentication of currency, passports, bank checks, and other commercial products. Ryder worked closely with Honeywell's technical team in the development and issuance of 18 United States patents.

In 2017, Ryder was again nominated as Director of the United States Mint by President Donald Trump and confirmed by a voice vote on March 21, 2018.[3]

In 2021, Ryder was named one of Coin World's Most Influential People in Numismatics (1960-2020).[4]

Controversy[]

During Ryder's second tenure as Mint director, the Mint has generated substantial controversy among coin collectors for its creation and selling of "aritficial rarity" coins, or coins created with strict mintage limits. In November 2019, the Mint sold an Enhanced Reverse Proof 2019-S Silver Eagle, which sold out within 20 minutes of release.[5] In November 2020, the Mint sold special 75th Anniversary of World War II Silver Eagle and Gold Eagle proof coins, with mintage limits of 75,000 and 1,945 coins, respectively.

The sale of both coins generated fierce backlash from Mint customers and collectors.[6][7]

The Mint attracted further negative publicity after releasing the commemorative 2021 100th anniversary Morgan and Peace dollars. The available coins sold on May 24, 2021 sold out in minutes,[8] and collectors' anger at the quick sellout caused the Mint to postpone releasing the remaining dollars in the program.[9]

References[]

  1. ^ Jump up to: a b c d e f g h i "George Bush: Nomination of David J. Ryder To Be Director of the Mint". www.presidency.ucsb.edu. Retrieved April 18, 2018.
  2. ^ "David J. Ryder, Director | U.S. Mint". www.usmint.gov. Retrieved May 26, 2020.
  3. ^ "President Donald J. Trump Announces Intent to Nominate Personnel to Key Administration Posts". whitehouse.gov. October 3, 2017. Archived from the original on January 20, 2021 – via National Archives.
  4. ^ Coin World: Celebrating 60-The Most Influential People in Numosmatics 1960-2020. Amos Media (Coin World). 2021. p. 140.
  5. ^ Clinton. "Silver American Eagle Reverse Proof Sells Out in 20 Minutes". uscoinnews.com. Retrieved November 20, 2020.
  6. ^ Gibbs, William T. "Monday Morning Brief for Nov. 18, 2019: Anger over fast sellout". coinworld.com. Amos Media Company. Retrieved November 20, 2020.
  7. ^ "Mint Website Will Crash". Coin World. 61 (3162): 15. November 16, 2020.
  8. ^ Gilkes, Paul. "Available privy-marked 2021 Morgan dollars sell in minutes". coinworld.com. Amos Media Company. Retrieved May 30, 2021.
  9. ^ "United States Mint postpones pre-order windows for remaining 2021 Morgan and Peace silver dollars". news.coinupdate.com. Coin Update. Retrieved May 30, 2021.

External links[]

Government offices
Preceded by
Donna Pope 		Director of the United States Mint
1992–1993 		Succeeded by
Philip N. Diehl
Preceded by
Edmund C. Moy 		Director of the United States Mint
2018–present 		Incumbent
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