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Bills vs. Coins.. Let me get this right!
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<p>[QUOTE="glaciermi, post: 170444, member: 4097"]It' costs the U.S. Bureau of Engraving .06 cents to print a 1$ Bill, it costs the U.S. Mint .06 cents to mint a $1 coin.</p><p><br /></p><p>A bill lasts 6 months, a coin 15 years.... so shouldn't the government be making 30x the amount of money manufacturing bills vs. coins?</p><p><br /></p><p>Part 2.. The Federal Reserve orders money from the mint.. they pay $1 for $1 regardless plus a surcharge, so the same federal government that is making big money manufacturing bills and coins, is paying full value plus to distribute this currency.</p><p><br /></p><p>So... how is the government loosing money making bills..it's paying itself say $2.05 a year for those two singles vs. $1.05 for that single sacagawea. In the long run the government is paying itself $2.05 x 15 years for the same amount of currency as a single $1 coin.</p><p><br /></p><p>So am I daft, or missing some point?[/QUOTE]</p><p><br /></p>
[QUOTE="glaciermi, post: 170444, member: 4097"]It' costs the U.S. Bureau of Engraving .06 cents to print a 1$ Bill, it costs the U.S. Mint .06 cents to mint a $1 coin. A bill lasts 6 months, a coin 15 years.... so shouldn't the government be making 30x the amount of money manufacturing bills vs. coins? Part 2.. The Federal Reserve orders money from the mint.. they pay $1 for $1 regardless plus a surcharge, so the same federal government that is making big money manufacturing bills and coins, is paying full value plus to distribute this currency. So... how is the government loosing money making bills..it's paying itself say $2.05 a year for those two singles vs. $1.05 for that single sacagawea. In the long run the government is paying itself $2.05 x 15 years for the same amount of currency as a single $1 coin. So am I daft, or missing some point?[/QUOTE]
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