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<p>[QUOTE=&quot;GDJMSP, post: 3470724, member: 112&quot;]And it wasn&#039;t just US coins. For as long as coins have existed, at the time they were minted, their face value has exceeded their metal value. Sure, as mentioned above, there have been some exceptions worldwide where that was that was not the case due to extraordinary circumstances. But as a general rule they were few and far between.</p><p><br /></p><p>The minting of coins has always been a business, and seigniorage has always been the source of the profit. Long before the US even existed the Nobility used to pay a lot of money to Royalty just to purchase the right to mint coins because it was such a profitable business. And it still is even today.[/QUOTE]</p><p><br /></p>

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