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Presdient Ronald Reagan on U.S. Coins?
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<p>[QUOTE="CohibaCris, post: 11694, member: 904"]All mintages - but that is stratified over the whole of the denomination portfolio.</p><p><br /></p><p>Keep in mind that the mint makes money for the Treasury, who is overall concerned with the valulation of the US currency overall. The mint is just a manufacturer of widgits. It just happens that we have to have those widgits to buy other widgits.</p><p><br /></p><p>Given the high mintages of cents (which BTW the Mint calls pennies in their annual report, makes me wanna scream) and nickels, this figure is pretty good.</p><p><br /></p><p>If anyone wants to see the Mint's Annual Report for 2003, goto this <a href="http://www.usmint.gov/downloads/about/annual_report/2003AnnualReport.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/downloads/about/annual_report/2003AnnualReport.pdf" rel="nofollow">link.</a></p><p><br /></p><p>The other agency is the USPS - Postal Service. Once they figured out how to be profitable, they will never run in the red. Can't say the same for coins. If the Mint's raw costs of goods increases, they will have a tough time maintaining their profit position. It decreased from 2002.[/QUOTE]</p><p><br /></p>
[QUOTE="CohibaCris, post: 11694, member: 904"]All mintages - but that is stratified over the whole of the denomination portfolio. Keep in mind that the mint makes money for the Treasury, who is overall concerned with the valulation of the US currency overall. The mint is just a manufacturer of widgits. It just happens that we have to have those widgits to buy other widgits. Given the high mintages of cents (which BTW the Mint calls pennies in their annual report, makes me wanna scream) and nickels, this figure is pretty good. If anyone wants to see the Mint's Annual Report for 2003, goto this [URL=http://www.usmint.gov/downloads/about/annual_report/2003AnnualReport.pdf]link.[/URL] The other agency is the USPS - Postal Service. Once they figured out how to be profitable, they will never run in the red. Can't say the same for coins. If the Mint's raw costs of goods increases, they will have a tough time maintaining their profit position. It decreased from 2002.[/QUOTE]
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Presdient Ronald Reagan on U.S. Coins?
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