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<p>[QUOTE=&quot;medoraman, post: 1165569, member: 26302&quot;]Except that private industry has to make a superior product. The US mint is the only source for US coins, and seignorage is not really mint profit, it is government profit from the ability to mint coins for use in commerce. I have seen what the workers and management in Philadelphia make, and its pretty sizable. Between their pay and government benefits and retirement plan, they are probably averaging between 80k and 100k per employee in Philly at least. Add to this that government isn&#039;t exactly known for thier efficiency, and I am simply stating that I believe it is a high cost operation, something that could be done cheaper in the private sector. There is no &quot;proving&quot; it, since the key to the analysis would be production output efficiency, which you cannot prove until run at another facility. However, the point of the Pobjoy mint was a good one. </p><p><br /></p><p>Overall, seignorage is not profit since it has to be attributed to coining authority, not to mint efficiency. Profits on collector coins may be there, but I still would argue they would be higher, and money sent to the charities higher, with a privatized mint.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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