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New cent and nickel composition?
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<p>[QUOTE="Conder101, post: 1340934, member: 66"]Yep it is a paper profit (though back by the coins in storage) but it is that paper profit they are spending and now it is gone.</p><p><br /></p><p>Oh and a lot of people say that the Mint can afford to lose money on the cents and nickels because of all of the profits from the other coins. According to the 2010 Mint report (most recent one) 94% of the Mints seigniorage profits come from the dollar coin. We have a "company" here that has trashed the product that they make most of their money on and kept the ones they lose the most on.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1340934, member: 66"]Yep it is a paper profit (though back by the coins in storage) but it is that paper profit they are spending and now it is gone. Oh and a lot of people say that the Mint can afford to lose money on the cents and nickels because of all of the profits from the other coins. According to the 2010 Mint report (most recent one) 94% of the Mints seigniorage profits come from the dollar coin. We have a "company" here that has trashed the product that they make most of their money on and kept the ones they lose the most on.[/QUOTE]
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New cent and nickel composition?
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