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<p>[QUOTE=&quot;GDJMSP, post: 7847065, member: 112&quot;]When the &quot;gold dollars&quot;, $1 coins, were first introduced the mint was required by law to mint them for circulation, so they did. Problem was, just like every other $1 dollar coin that has ever been produced - nobody wanted them. The public simply refused to use them. So for a few years the majority of those $1 coins minted for circulation did just what you said - they sat in mint vaults. So yeah, they lost money on those that were never distributed. (they made substantial profit on those that were distributed). But that loss was easily overcome by all the other coins minted resulting in the mint still showing a net profit for those years.</p><p><br /></p><p>But then they changed the laws and the mint was no longer required to mint $1 coins for circulation so they quit minting them, and only minted enough to meet collector demand. And yes they make a substantial profit on those they mint for that reason.</p><p><br /></p><p>As for those that were in the vaults, I don&#039;t know if they are still in the vaults or not, but I suspect they have been melted down and remade into planchets for the new ones. If I am correct, then they made money on those too for they would have been sold to collectors.[/QUOTE]</p><p><br /></p>

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