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Coins cost more to make than face value
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<p>[QUOTE="Just Carl, post: 130461, member: 4552"]I realize, as posted the Mint makes a lot of money selling proofs, uncirc's, commemoratives, etc. and this is supposed to indicate they are profitable. However, I still wonder if the profit from that offsets the loss due to the cost of metal, dies, machinery, man power, shipping to banks, bag and boxes for coin shipping, used to produce everday usage coins. The additional cost of fuel used to shipping coins all over the country with todays fuel prices also must be considered. Then there is the continuous process of replentishing old currency, new designs for currency, newer inks, etc. I think many, many of these costs are not included in the production of our money but are deferred to some other purpose or expenditures. I may be wrong but I've seen to many buried costs in our government.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 130461, member: 4552"]I realize, as posted the Mint makes a lot of money selling proofs, uncirc's, commemoratives, etc. and this is supposed to indicate they are profitable. However, I still wonder if the profit from that offsets the loss due to the cost of metal, dies, machinery, man power, shipping to banks, bag and boxes for coin shipping, used to produce everday usage coins. The additional cost of fuel used to shipping coins all over the country with todays fuel prices also must be considered. Then there is the continuous process of replentishing old currency, new designs for currency, newer inks, etc. I think many, many of these costs are not included in the production of our money but are deferred to some other purpose or expenditures. I may be wrong but I've seen to many buried costs in our government.[/QUOTE]
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Coins cost more to make than face value
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