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<p>[QUOTE=&quot;caddog, post: 495954, member: 3752&quot;]I read on about.com that the mint made 4.6 billion dollars the first 6 years of the State Quarter program. </p><p><br /></p><p>The mint is making a killing off most denominations of coins. Below is some information I found on about.com regarding cost of minting per coin for the Mint.</p><p><br /></p><p>Penny - 1.26 cents </p><p>Nickel - 7.7 cents </p><p>Dime - 4 cents </p><p>Quarter - 10 cents </p><p>Dollar (Coins) - 16 cents </p><p><br /></p><p>Even though they are taking a loss on pennies and nickels, they are making a killing on the dollars. They make 84 cents on circulating grade dollars. Now do the math for Uncirculated dollars, and proofs. Four presidents a year, three mints, satin finish, plus errors and etc etc, multiply that by 10 years? By the end of the program, I wouldn&#039;t be surprised if they pulled what theyre doing with the quarter program with the territories additions. We will get presidential nanny, butler, caretakers, and wait... what about the pets? Why not they did the spouse gold and medals?</p><p><br /></p><p>I think with the State Quarter program, they realized the potential for profit in these programs. This explains all the different denominational programs they have been coming up since then, nickels, dollars, next year pennies. </p><p><br /></p><p>I personally think it&#039;s gotten way out of hand. There is just too many varieties of coins to keep up with, unless you have deep deep pockets. The presidential dollar program alone will reap profits in the trillion dollar range for the Mint. Of course this is good because it will be funneled back into our system, but with as much debt we&#039;ve incurred recently, that&#039;s a drop in the bucket.[/QUOTE]</p><p><br /></p>

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