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<p>[QUOTE="treylxapi47, post: 2030596, member: 41863"]I am just curious how much the government actually makes off of the difference in manufacturing the coins versus the face value. </p><p><br /></p><p>It shouldnt cost much more than whatever it costs to make a penny, to make a quarter, right? and yet the quarter is 25 times the face value of a one cent piece. In other words, I cant see our government making pennies and nickels at a loss, and if they arent, there isnt that much difference in manufacturing a dime from a quarter, from a half dollar, and there should be HUGE profits from this process. I mean like the government shouldnt ever be broke if for every piece of coin the make, there is a profit, and even by a factor of 25, 50, 100. </p><p><br /></p><p>The other thing no one ever mentions with this is the paper currency. Again, I dont see the government (or whoever) manufacturing a $1 dollar bill at a loss. So for instance, say it costs $.60 to make a $1 bill. Well that same cost should apply to the $100 bill (minus design costs and plates, etc). So where is the other $99.40 going? I never hear seigniorage mentioned with paper money, but the same principle applies as if it were a coin. </p><p><br /></p><p>Some one, some where manufactures our dollars and cents. They take raw materials and either print or press the needed money. I just want to know why we are broke, if there is already profit, and from my eyes an exponential one, on every piece of money that we make. </p><p><br /></p><p>Can anyone explain this to me? How can our government be $17 Trillion in debt, when they controlled the manufacturing process. What is the true value of the cost of manufacturing $17 Trillion dollars worth of money, and where is the very real difference in the manufacturing cost versus the face value?[/QUOTE]</p><p><br /></p>
[QUOTE="treylxapi47, post: 2030596, member: 41863"]I am just curious how much the government actually makes off of the difference in manufacturing the coins versus the face value. It shouldnt cost much more than whatever it costs to make a penny, to make a quarter, right? and yet the quarter is 25 times the face value of a one cent piece. In other words, I cant see our government making pennies and nickels at a loss, and if they arent, there isnt that much difference in manufacturing a dime from a quarter, from a half dollar, and there should be HUGE profits from this process. I mean like the government shouldnt ever be broke if for every piece of coin the make, there is a profit, and even by a factor of 25, 50, 100. The other thing no one ever mentions with this is the paper currency. Again, I dont see the government (or whoever) manufacturing a $1 dollar bill at a loss. So for instance, say it costs $.60 to make a $1 bill. Well that same cost should apply to the $100 bill (minus design costs and plates, etc). So where is the other $99.40 going? I never hear seigniorage mentioned with paper money, but the same principle applies as if it were a coin. Some one, some where manufactures our dollars and cents. They take raw materials and either print or press the needed money. I just want to know why we are broke, if there is already profit, and from my eyes an exponential one, on every piece of money that we make. Can anyone explain this to me? How can our government be $17 Trillion in debt, when they controlled the manufacturing process. What is the true value of the cost of manufacturing $17 Trillion dollars worth of money, and where is the very real difference in the manufacturing cost versus the face value?[/QUOTE]
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