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<p>[QUOTE=&quot;Conder101, post: 1693197, member: 66&quot;]Not in the early years, in fact they faced several attempts to abolish the mint because it was too expensive and was losing money.</p><p><br /></p><p>They have made a profit every year since 1964, and probably earlier as well.&nbsp; This past year their seigniorage profit dropped to only about $16M though, and the only reason it didn&#039;t go into the red was because they made a $79M profit on the last quarter production of 2011 President dollars. (The Mint 2012 fiscal year started in Sept 2011 so the last circulation strike president dollar was included in 2012.)&nbsp; They won&#039;t have that profit to offset losses on the 2013 fiscal year.&nbsp; If it hadn&#039;t been there for 2012 the mint would have lost something like $38M last year.[/QUOTE]</p><p><br /></p>

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