sometimes, at the Philadelphia Mint. With all of these Philly coins passing through in our threads that are just plain worn out die damage. It reminds me of watching live NASA feeds from the control room, where everyone is standing around, drinking coffee, pretty much not doing much at all. It's hard to imagine such a huge difference between them and Denver & San Fran. Oh sure, there are plenty of nice coins coming from them also but there is a big difference. Maybe our Commander In Chief should take a tour and get a business mans perspective. Because I'm pretty sure they would not tell me what the problem is. Just sayin".
Alas, he probably doesn't have the time to grace the Mint with his eminence to whip 'em into shape show 'em how to manage a Mint...which he could totally do, considering what he did for the Trump Marina Hotel Casino, err...rather, the Golden Nugget. Instead he could send that permanent member of the National Security Council of his, you know, the one with the Bulgarian movie star hairdo?
I would imagine that if the Mint is showing a profit, that's all the folks in DC really care about. Correct me if I'm wrong -- puuuhhleez -- but wasn't Teddy Roosevelt the last president to really care about US coinage?
@tommyc03 your post reminds me of the scenes in "Apollo 13" with the smoke filled rooms and the bald engineers puffing on ciggies to make their own lives as risky as the astronauts lives.
Maybe someone needs to explain to them it would make a BIGGER profit if they would stop making cents and five cent pieces. More money in the general fund. (Which they would then spend on some other worthless item.)
When you have defense projects like the F-35 eating billions of dollars chasing down mere millions seems like overkill.
My question is, if it costs 7¢ to make a nickel, and 4¢ to make a dime, why not switch them? Then, both coins are made at a profit.
That would work, but you just changed every nickel out in circulation into a dime, and every dime into a nickel as well. If there are currently more nickels in circulation than dimes people will be happy. If there are dimes than nickels they will be unhappy.
Coinage involves acts of Congress and, as already suggested, the mint overall turns a profit and by law they need to mint cents, nickels, dimes, etc., with their current specifications. So, relative to other government agencies and dollar figures, it rarely comes up as a concern. So, strangely, it seems like the only way we'll see massive changes in coinage is if the mint starts losing money.
