Message:

<p>[QUOTE=&quot;mrbrklyn, post: 184772, member: 4381&quot;]You&#039;ve got to be kidding me.&nbsp; What kind of accounting system is that?&nbsp; The mint is just an agency of the government.&nbsp; Accrediting them with a 1 for each coin would be the equivilant of IRS being credited with value of taxes collected from W2 forms, or the GA office being accredits $50 for each summons form they hand out to the FBI.</p><p><br /></p><p>This is beyond me.&nbsp; I don&#039;t understnad it at all.&nbsp; And the gold eagles do they get ony $5.00?&nbsp; They can never account for the true cost of a coin or bill like this.&nbsp; They make money on each $1 bill!&nbsp; It would be their incentive to make them as cheap as possible and sell them more and more based on their face value rather than the actual costs to the public.&nbsp;&nbsp; And when they get money back, what is that money?&nbsp; Worn out pennies that have to be destroyed?&nbsp; Its one thing when they sell coins to the public above face value, then its like any other business.&nbsp; But when they are replacing capital in the economy the sale cost of the coin should be according to government accounting practices which would normally be just the cost of the manufacturing and delivering the mandated object.</p><p><br /></p><p>When the coins had approximate value to the bullion content and the face, that system might have made some sense, but by todays standard, coins are just a government owned token, not much different from a chair or a light bulb.</p><p><br /></p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in