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<p>[QUOTE="treylxapi47, post: 2082095, member: 41863"]Oh poor poor mint. First off they shouldnt be 'making' anything off of coining OUR money. Secondly if it only costs a small percentage over to make a cent, how much does it cost to make a quarter that doesnt use 25 times the materials of a cent? Or how about a dime that uses the least amount of raw materials of all the coins? What about half dollars that have 4 times the raw materials of a cent, but 50 times its purchasing power? </p><p><br /></p><p>I dont think you need to worry about the hooplah of it costing us money to make coins. They are still depositing 'seignorage' back into the coffers, so money is still being made from this process. </p><p><br /></p><p>I just have a problem with the accountability of exactly how much 'profit' is being made off of our coins. And no I am not talking about whats penned down in the yearly reports, I want to know the true excess that is available, because I have a feeling that some of that money goes to 'black projects' due to its ambiguity and how easily the real number can be hidden. </p><p><br /></p><p>Same with dollar bills. I guarantee you we wouldnt be printing $1 bills if it cost us money. So that leads me to believe that the cost associated with making a dollar is some percentage of the face value. So even if it cost $.99 to make every dollar, nothing changes on the larger denominations except the numbers and the face, the process is the same. </p><p><br /></p><p>So how much money is instantly conjured into thin air by this process? Where is all the purchasing power of this phenomenon going.[/QUOTE]</p><p><br /></p>
[QUOTE="treylxapi47, post: 2082095, member: 41863"]Oh poor poor mint. First off they shouldnt be 'making' anything off of coining OUR money. Secondly if it only costs a small percentage over to make a cent, how much does it cost to make a quarter that doesnt use 25 times the materials of a cent? Or how about a dime that uses the least amount of raw materials of all the coins? What about half dollars that have 4 times the raw materials of a cent, but 50 times its purchasing power? I dont think you need to worry about the hooplah of it costing us money to make coins. They are still depositing 'seignorage' back into the coffers, so money is still being made from this process. I just have a problem with the accountability of exactly how much 'profit' is being made off of our coins. And no I am not talking about whats penned down in the yearly reports, I want to know the true excess that is available, because I have a feeling that some of that money goes to 'black projects' due to its ambiguity and how easily the real number can be hidden. Same with dollar bills. I guarantee you we wouldnt be printing $1 bills if it cost us money. So that leads me to believe that the cost associated with making a dollar is some percentage of the face value. So even if it cost $.99 to make every dollar, nothing changes on the larger denominations except the numbers and the face, the process is the same. So how much money is instantly conjured into thin air by this process? Where is all the purchasing power of this phenomenon going.[/QUOTE]
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