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Q: What determines the mintage numbers?
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<p>[QUOTE="Collecting Nut, post: 3117926, member: 74863"]I just looked at the US Mint's 2017 financial report. The materials, production costs, selling, advertising, general administrative, and distribution is considerable. The lower cost of copper had helped but they are high than 2016. </p><p>Total costs to the Mint is:</p><p>$.01--$.0182</p><p>$.05--$.0660</p><p>$.10--$.0333</p><p>$.25--$.0824</p><p>When Seignorage (The difference between the total production costs and face value) are applied this is the result:</p><p>Figures are based on $1.00 face value.</p><p>$.01--($.82)</p><p>$.05--($.32)</p><p>$.10--$.69</p><p>$.25--$.69</p><p>Do the math and it's easy to see that it costs more to produce Cents and Nickels than they are worth. But in the end the US Mint makes hundreds of millions of dollars every year that is pure profit to the US Government.</p><p><br /></p><p>As for the BEP, here's their breakdown:</p><p>$ 1.00--$.056</p><p>$ 2.00--$.056</p><p>$ 5.00--$.110</p><p>$ 10.00--$.117</p><p>$ 20.00--$.108</p><p>$ 50.00--$.129</p><p>$100.00--$.132</p><p>Since twenties are the most common bill it costs less to produce them than fives and tens. Think of the seigniorage on paper money.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 3117926, member: 74863"]I just looked at the US Mint's 2017 financial report. The materials, production costs, selling, advertising, general administrative, and distribution is considerable. The lower cost of copper had helped but they are high than 2016. Total costs to the Mint is: $.01--$.0182 $.05--$.0660 $.10--$.0333 $.25--$.0824 When Seignorage (The difference between the total production costs and face value) are applied this is the result: Figures are based on $1.00 face value. $.01--($.82) $.05--($.32) $.10--$.69 $.25--$.69 Do the math and it's easy to see that it costs more to produce Cents and Nickels than they are worth. But in the end the US Mint makes hundreds of millions of dollars every year that is pure profit to the US Government. As for the BEP, here's their breakdown: $ 1.00--$.056 $ 2.00--$.056 $ 5.00--$.110 $ 10.00--$.117 $ 20.00--$.108 $ 50.00--$.129 $100.00--$.132 Since twenties are the most common bill it costs less to produce them than fives and tens. Think of the seigniorage on paper money.[/QUOTE]
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Q: What determines the mintage numbers?
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