SpongeBob coins won’t cost NZ Mint as US broker collapses

Wed, 11 Jul 2012

By Paul McBeth July 12 (BusinessDesk) - The collapse of Iowa-based brokerage PFGBest won't leave NZ Mint out of pocket after the local precious metal minter was paid in full for its novelty SpongeBob Squarepants coins. Last year, NZ Mint was commissioned by PFGBest's PFG Precious Metals unit to manufacture and produce a limited edition range of coins based on the eccentric underwater characters in the Nickelodeon cartoon. This week, PFGBest collapsed after its regulated Peregrine Financial Group unit and owner allegedly defrauded customers...

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