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Presidential Dollar coins to be discontinued?
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<p>[QUOTE="Conder101, post: 1633148, member: 66"]Coins, unlike currency, become an asset at their face value as soon as they are struck and the seigniorage is "deposited" into the general fund of the Treasury making it available for spending. It literally creates money out of thin air. In 2012 though, there were no circulation coins so no seigniorage to "deposit" and the general fund didn't get the $400 million that they got in 2011.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1633148, member: 66"]Coins, unlike currency, become an asset at their face value as soon as they are struck and the seigniorage is "deposited" into the general fund of the Treasury making it available for spending. It literally creates money out of thin air. In 2012 though, there were no circulation coins so no seigniorage to "deposit" and the general fund didn't get the $400 million that they got in 2011.[/QUOTE]
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Presidential Dollar coins to be discontinued?
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