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<p>[QUOTE="Conder101, post: 26088693, member: 66"]Wouldn't help. The overhead (cost of manufacturing) is over 2 cents not including the cost of materials. Even if whatever you made them out of was given to the mint for free, they would still be making them at a loss. Aluminim isn't a very good choice either. The aluminum oxide coating on the planchets is hard on the dies resulting in reduced die life, and when run through high speed counting/handing machines they have a tendency to cold weld themselves together.</p><p><br /></p><p><br /></p><p>True, but if they stopped making the cent they'd make $80+ million dollars more.</p><p><br /></p><p><br /></p><p>The seigniorage profits are transferred via a book keeping entry into the Treasury General Fund from which it can be spent like any other money. The mint doesn't transfer all of it though, part of it is retained and used for the operating funds of the Mint. This is why the Mint does not receive any appropriations (tax money) from the Congress. They are self funding.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 26088693, member: 66"]Wouldn't help. The overhead (cost of manufacturing) is over 2 cents not including the cost of materials. Even if whatever you made them out of was given to the mint for free, they would still be making them at a loss. Aluminim isn't a very good choice either. The aluminum oxide coating on the planchets is hard on the dies resulting in reduced die life, and when run through high speed counting/handing machines they have a tendency to cold weld themselves together. True, but if they stopped making the cent they'd make $80+ million dollars more. The seigniorage profits are transferred via a book keeping entry into the Treasury General Fund from which it can be spent like any other money. The mint doesn't transfer all of it though, part of it is retained and used for the operating funds of the Mint. This is why the Mint does not receive any appropriations (tax money) from the Congress. They are self funding.[/QUOTE]
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