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<p>[QUOTE="statequarterguy, post: 2123826, member: 21782"]Yep, that's what the report shows. There were some big losses there, particularly in the annual sets. However, I do know that their markup on the numismatic bullion products I buy (Commem Dollars, Collector ASE's & AtB P-Pucks) is way up, given the decline in bullion. I don't know, are they marking up some products more to soften their bullion losses?</p><p> </p><p>Overall revenue fell by 28.4% to $3.1 billion, while net income and seigniorage increased by 25.8% to $367.9 million. Broadly, these results were driven by a sharp decline in revenue generated by the bullion coin segment and higher seigniorage driven by the circulating coin segment.</p><p> </p><p>Given the fact that many of us are paying a higher markup on products we buy, it would be interesting to have more detail to see if they are not tweaking the numbers (i.e. shifting costs & revenue) or exactly where the losses are.[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 2123826, member: 21782"]Yep, that's what the report shows. There were some big losses there, particularly in the annual sets. However, I do know that their markup on the numismatic bullion products I buy (Commem Dollars, Collector ASE's & AtB P-Pucks) is way up, given the decline in bullion. I don't know, are they marking up some products more to soften their bullion losses? Overall revenue fell by 28.4% to $3.1 billion, while net income and seigniorage increased by 25.8% to $367.9 million. Broadly, these results were driven by a sharp decline in revenue generated by the bullion coin segment and higher seigniorage driven by the circulating coin segment. Given the fact that many of us are paying a higher markup on products we buy, it would be interesting to have more detail to see if they are not tweaking the numbers (i.e. shifting costs & revenue) or exactly where the losses are.[/QUOTE]
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