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<p>[QUOTE="WmsJewelers, post: 370540, member: 12564"]The mint does not make money or loose money by making coins. Yes it cost more then a cent to make a cent and more then a nickel to make a nickel but they do not sell the coins for face value anyway.</p><p><br /></p><p>It is not like Joe in his garage is making yoyos that cost him $5.00 to make and selling them for $4.00. The mint is simply providing a service that the country needs for the economy. I am not sure why they look at it by what it cost to make a certain coin since they technically don't sell them. I have never heard of the mint selling any amount of coins to a bank or private individual. They are just providing a service that is needed by the country. Yes they should always be looking for ways to save our hard earned money as the entire Government should but when it comes down to it we need cents and nickels for everyday purchases.[/QUOTE]</p><p><br /></p>
[QUOTE="WmsJewelers, post: 370540, member: 12564"]The mint does not make money or loose money by making coins. Yes it cost more then a cent to make a cent and more then a nickel to make a nickel but they do not sell the coins for face value anyway. It is not like Joe in his garage is making yoyos that cost him $5.00 to make and selling them for $4.00. The mint is simply providing a service that the country needs for the economy. I am not sure why they look at it by what it cost to make a certain coin since they technically don't sell them. I have never heard of the mint selling any amount of coins to a bank or private individual. They are just providing a service that is needed by the country. Yes they should always be looking for ways to save our hard earned money as the entire Government should but when it comes down to it we need cents and nickels for everyday purchases.[/QUOTE]
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The debate in Congress continues
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