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I just heard '09 dime and nickel production is done for the year.
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<p>[QUOTE="Conder101, post: 603836, member: 66"]No because the way seniorage works with coins is that once the coin is struck the seniorage or coinage profit is automatically entered into the books and then later transferred to the general fund in the Treasury even if the coins are still on hand. (With paper money the seniorage isn't taken until the notes are turned over to the Fed.) If the cons are melted down then that seniorage profit disappears and has to be taken back OUT of the general fund. </p><p><br /></p><p>What would happen is the coins will go into that "Stratigic Coin Reserve" they are talking about, but they would probably continue to rotate out of the reserve in a FIFO inventory system. (Newly struck coins would enter the reserve and if the Reserve is at its intended level and new coins cme in the oldest ones would go out.That way the reserve is allways full of the most recent pieces.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 603836, member: 66"]No because the way seniorage works with coins is that once the coin is struck the seniorage or coinage profit is automatically entered into the books and then later transferred to the general fund in the Treasury even if the coins are still on hand. (With paper money the seniorage isn't taken until the notes are turned over to the Fed.) If the cons are melted down then that seniorage profit disappears and has to be taken back OUT of the general fund. What would happen is the coins will go into that "Stratigic Coin Reserve" they are talking about, but they would probably continue to rotate out of the reserve in a FIFO inventory system. (Newly struck coins would enter the reserve and if the Reserve is at its intended level and new coins cme in the oldest ones would go out.That way the reserve is allways full of the most recent pieces.[/QUOTE]
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I just heard '09 dime and nickel production is done for the year.
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