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<p>[QUOTE=&quot;Conder101, post: 1850946, member: 66&quot;]That&#039;s the problem.&nbsp; There is no seigniorage on the cent or five cent, or rather they have a negative seigniorage.&nbsp; In the past they could use the positive seigniorage from the other coins to offset the negative seigniorage of the cent and five cent, but I&#039;m afraid that the mint report for 2013 due out next month will show that last year the profit from the other coins will not be able to offset the losses from the one and five cent and the mint will show a loss on circulation production for the first time in probably a century.&nbsp; This can be a problem because the mint normally does NOT receive any tax money for its operation.&nbsp; It self funded from the seigniorage profits and sent profit TO the Treasury instead.&nbsp; Now the Mint may become a drain on the treasury instead which increases the debt and the need for more borrowing or taxes.</p><p><br /></p><p>Three years ago the mint sent over 300 million dollars to the Treasury General fund.&nbsp; Two years ago it dropped to 71 million.&nbsp; Last year&nbsp; it was either 16 or 23 million I don&#039;t remember which.&nbsp; And the only reason there was any profit at all was because the 2012 fiscal year included the last quarter of the 2011 calendar year and the last three months of small dollar production.&nbsp; If it wasn&#039;t for the 70 some million in seigniorage on those, the Mint would have been some $40 million in the red.[/QUOTE]</p><p><br /></p>

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