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<p>[QUOTE=&quot;Collecting Nut, post: 2195876, member: 74863&quot;]Not sure of the exact law number as there are too many laws governing the minting of coins. The Presidential Dollars are still being made for circulation, as required by law. Thank you Congress. There is Congressional talk of creating a bill to stop making them for circulation as more than 1 billion coins (dollars) are being stored in vaults. The public doesn&#039;t want them. If this talk becomes a bill and signed by the president, then that law would still allow some to be made for collectors. Every coin made requires a bill passed by Congress and signed by the President.</p><p><br /></p><p>What our government does is called seigniorage. The definition is:</p><p>seign·ior·age</p><p>noun: <b>seigniorage</b>; noun: <b>seignorage</b></p><ol> <li>profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs.</li> </ol><p>It&#039;s like a tax but you don&#039;t pay directly. You pay indirectly, like inflation.[/QUOTE]</p><p><br /></p>

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