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<p>[QUOTE=&quot;GDJMSP, post: 718429, member: 112&quot;]Every mint that has ever been since the beginning of time charges seniorage. That is how they can afford to operate. In other words, they sell their product for less than it cost them to make it. Thus they make money and no tax dollars are used to support the mint.</p><p><br /></p><p>Example, a quarter cost the mint about 6 cents to make it. But when they sell it to the Federal Reserve, they get 25 cents.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>About the only purpose the cent has anymore is to fool people, psychologically, into buying stuff. And it works like a charm.</p><p><br /></p><p>Ever wonder why a manufacturer places the price $3.99 on his item instead of $4 ? I mean $4 would make things a whole lot easier wouldn&#039;t it ? Nice round number to work with, figure tax ect or multiples of the item. But no, they will consitently price them at $3.99, or $12.99 or $49.99. Because if it was $4 or $50.00 they won&#039;t buy it, but if it&#039;s $49.99 they will.[/QUOTE]</p><p><br /></p>

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