Message:

<p>[QUOTE=&quot;Clinker, post: 213564, member: 6229&quot;]<font face="Times New Roman"><font size="3"><i><b>Seignorage</b></i> is the net revenue derived issuing coins or paper money. It arises from the difference between the face value of a coin or bank note and the cost of producing, distributing and eventually retiring it from circulation.</font></font></p><p><font face="Times New Roman"><font size="3">&nbsp;</font></font></p><p><font face="Times New Roman"><font size="3"><b>Note:</b> <i>Seigniorage</i> is an important source of revenue for mints and some national banks.</font></font></p><p><font face="Times New Roman"><font size="3">&nbsp;</font></font></p><p><font face="Times New Roman"><font size="3"><font face="Times New Roman">For instance:</font></font></font></p><p><font face="Times New Roman"><font size="3"><font face="Times New Roman"></font>the &quot;50 State Quarters&quot; program was launched in the U.S. in the late 1990s based on Canada&#039;s &quot;Millinium Quarter&quot; series.</font></font></p><p><font face="Times New Roman"><font size="3">&nbsp;</font></font></p><p><font face="Times New Roman"><font size="3">The mint and Congress expected large numbers of people collecting and/or hoarding the new quarters as they rolled out of the U.S. Mint thus taking the coins out of circulation. Since it costs the Mint less than five cents for each 25-cent piece minted, the government makes a profit whenever someone keeps a coin and choses not to spend it.</font></font></p><p><font face="Times New Roman"><font size="3">&nbsp;</font></font></p><p><font face="Times New Roman"><font size="3">Because of the discovery of all the error quarters, and the saving, collecting and hoarding, the U.S. Treasury estimates it has earned about $5 billion in <i>seigniorage</i> from the quarters so far.</font></font></p><p><font face="Times New Roman"><font size="3">&nbsp;</font></font></p><p><font face="Times New Roman"><font size="3">With all the &quot;hoopla&quot; about the 2007 Washington Dollar errors, they are already profiting immensely from them!</font></font></p><p><font face="Times New Roman"><font size="3">&nbsp;</font></font></p><p><font face="Times New Roman"><font size="3">Clinker</font></font></p><p><font face="Times New Roman"><font size="3"></font></font>[/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