National Parks Quarters look likely.

there was a "pro forma" session on the 15th to prevent Bush from making obnoxious recess appointments and there will be another one tomorrow. Whether this will make a "pocket veto" impossible is as yet unknown.

 

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This Pocket Veto scenario is an odd and unexpected turn of events. I am curious to see how this will play out. The only thing I can think of is various sites state that the bill was presented to the President on the 12th... Is it the date that it was presented or the date that it was passed?

 

why after 2000 and 8 years?

 

He waited until the last day......but here it is....

I quit the quarter collecting after the next 6.... this is getting crazy

http://www.whitehouse.gov/news/releases/2008/12/20081223-2.html

 

I am not collecting them. Except through proof sets.

 

agreed. These are hideous and should not be expected to be any better than the state quarters. I'm not collecting them. I almost feel as if this is just a way to make collectors pay more next year with their 40 coin mint set and 40 coin proof set. Yeah, it's atrocious.

 

National Park quarters ?

I'll hold off until the Bureau of Land Management Campground quarters come out.

 

Revenue for who? The mint doesn't need money. It is not a business and the Dept of Treasury can just print money...as it has this last few weeks.

Ruben

 

Can you show me the ledger that show a profit for the mint?

Ruben

 

Dont know about the US mint but the Canadian mint is supposed to make a profit (its a crown corporation)
With such circulation coins the mint makes a greater profit because average people will collect them, thus taking them out of circulation, increasing demand and cause the mint to make more.

 

The US Mint is a department of the government and make no money. It does hav a budget under the Treasury department.

Ruben

 

there is nothing to deny. Convinse yourself what you want but money entering into the General Fund is like any other taxes and Mint doesn't make any profit, and the government, oddly enough doesn't need money....it PRINTS it.

the only purpose to government taxation is monetary policy. If the Fed didn't tax anything the size of the government would create enormous inflation

http://wfhummel.cnchost.com/index.html


Ruben

 

Print the part of the trial balance that shows they made a profit. If they tern revenues to the general fund they are ZERO balance at the end of the year.

 

national park will not be increase its value. instead, it will push statehood quarters up further.

 

BTw - the Annual report is a report, as your aware of, and not remotely a ledger. The ledger is zero for the US Mint every year and there are zero profits, zero dividends, although there might me some capitalization of equiptment and assets as needed for the work of the mint.

Everyone in the mint is a government worker and gets one of those colors checks with the Statue of Liberty on them that say, US Treasury. There are no bonuses linked to sales...nothing. There is no more a profit margin on the Mint then there is with the NYC Department of Sanitation. And there is no NEED for it.

As is written here

http://wfhummel.cnchost.com/seigniorage.html

"Who Really Benefits from Seigniorage?

In a democratic nation with a modern fiat money system, the view that seigniorage benefits the government is misleading. As the economist Herb Stein observed, "The government is no one, there is nobody here but us people." Rather it is simply anassemblage of citizens who, while in office, determine how the government should spend in support of the economy. Indeed the government must spend at least as much as it acquires from taxes and the sale of securities. Otherwise it would drain the monetary base and stifle the economy. In effect, seigniorage is a measure of the total amount of base money issued by the Fed. Together with treasury securities, they comprise the net financial wealth of the private sector.

What about Federal Reserve notes that are bought by foreign interests for use overseas? If the notes never return, they represent a large gift of seigniorage to the U.S. Whether the notes are purchased in exchange for a foreign currency or acquired by selling goods and services, the U.S. private sector as a whole is the beneficiary."

Lets not make things up based on our biases from our experience in the Private economy. Government is government and when someone is make profits from business of Government aside from their pay checks we generally call that brides and theft.

Would you accuse Colin Powell of making profits from his employment with the Military? Of course not...

Ruben

 

http://www.usmint.gov/downloads/about/annual_report/2002AnnualReport.pdf Just do a search on this PDF document for the word "Profits" and you'll have your answer.

By the way, the stated Mission of the US Mint is (note my emphasis):

The Mission of the United States Mint is to manufacture the highest quality circulating, numismatic, and bullion coins at the lowest possible cost and to deliver them in a timely manner...to expand our markets through exceptional customer service, product development, and innovative marketing...to sell numismatic and bullion products at a reasonable price and profit...and to provide security over assets entrusted to us.​