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<p>[QUOTE=&quot;medoraman, post: 11393613, member: 26302&quot;]I have heard this, but only at the Philadelphia mint mainly in the 18th century. Part of the mint act was mining on demand. Customers could bring pm in, and have it struck in whatever denomination they wished. The mint would do so, and pay them in copper the residual value of the pm. However, the mint was able charge a fee if they agreed to immediate exchange the ore for coins immediately. The mint was not allowed to charge to strike the ore to demand. There was no seignorage really on the earliest mint pm coins, only copper. They didn&#039;t trust the government, so a $5 coin had to have $5 in gold in it. Only later did there become seignorage in coins.[/QUOTE]</p><p><br /></p>

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