National Parks Quarters look likely.

The fact that the Mint is a Government Agency and doesn't make a profit isn't symantics or technical. It is fundemental. The US Mint, not like the Franklin Mint, not like the Morgan Mint, or Littleton or Sacks, in not a business. They couldn't care less if they made a profit. Nobody takes the money home with them at the end of the day, quarter or year. If they were, I doubt they would make the Presidential Dollars.

They can bleed money from here until the end of time and they'd get their same Government Paycheck, not a penny less. They can generate 100 tillion dollars in revenue and still not make a red cent more.

They don't give dividends, sell stock, accumulate capital...naddah. Nothing. The only reason they would write something so stupid is because they as stupid and the people reading that report.

The only reason they care at all about selling Bullion at market prices is so that they don't destroy the Silver and Gold Market.

Ruben

 

Log in or Sign up to hide this ad.

Yeah - that is all poppycock. Anyone who thinks a Government Agency can make a profit needs to see a therapist.

The Ledger is ZERO ZERO ZERO every year. If the Mint is making profits go buy their stock.

Ruben

 

Why do they charge such exorbitant prices for their product then?

 

David, do you know what a ledger is? What is a Ledger. Start with it isn't an Annual report to the GSA. If the Mint was making profits they'd be in the same jail as Congressman Connoly who was take bribes for Defense contracts.

Ruben

 

You mean instead of selling Silver below Melt prices? Because they have a congressional mandate to do so, like everything else they do. They're not supposed to flood the Market with cheap Silver.

they serve completely at the Whim of Congress.

I have a better question for you. How could they make Nickles for months on end above the cost of a 5 cents?

Show me their dividend checks.


Ruben

 

BTW Andrew, if you don't like the prices, tel your Congressman because Congress can mandate any darn price they want.

Ruben

 

Ruben I agree with you that the "mint " does not make profits but, the government does on the mint dont you think? And I'm not talking about just silver look at the clad and uncirculated prices.

 

We both know thats like trying to get blood from a stone!

 

You'd be surpirsed what you can do. All politics is local

Ruben

 

The Governement doesn't make profit either. When the Federal Government wants money it prints it or coins it (or it just rights the check). If the Government was a business we are its stock holders. They tried that in the Colonial times. It didn't work and people starved to death.

If the Government makes profit, look out because the current deficit is blowing up and your Social security check is going to bounce.

Ruben

 

Understood

 

BTw - That is how the Roman Legion opperated, but not the US Mint

Ruben

 

FWIW Andrew, I don't think the Mint prices are so outragous. the Mint does good work. What did you want to buy that was so expensive. Maybe I'll buy you one as a present asuming its not Gold or Platinum.

Did you see the Clad Half Eagle Commem?

Ruben

 

The mint doesn't make anything but the Government gets seigniorage

 

I guess the quarters are coming whether some of us want them and some don't (maybe a new poll question here). I do hope the mint will avoid what happened to some of the state quarters. In my opinion some of the quarters got so much stuff and got so crowded on the reverse it hurt their appearance. There is only so much room on a quarter.

 

True, but there is plenty of room of the 3 inch 5 ounce silver duplicate.

 

You didn't read the document I referenced, did you? Here it is again http://www.usmint.gov/downloads/abou...nualReport.pdf

The Mint's yearly ledger is zero because they don't keep the money, they transfer all profits to the US general fund.

 

Wrong - they transfer the money there becaus it is a departmewnt of the government ...

Ruben

 

They aren't high compared to other world mints. (Talkin' bout bullion - ASEs etc.)