Message:

<p>[QUOTE=&quot;Troodon, post: 222417, member: 4626&quot;]Hmm, hasn&#039;t New Zealand been independent (or autonomous, or whatever the technical term is for its status) for longer than Ireland has?&nbsp; More than 50 years surely, the time between Ireland&#039;s independence and the opening of its own mint.</p><p><br /></p><p>However, I suppose that could be the case if New Zealand didn&#039;t have enough demand for coinage having their own mint wouldn&#039;t be economical due to economy of scale.&nbsp; You&#039;d save the overhead and operating costs of having and maintaining your own mint, but would have the costs of paying someone else to do it and ship it to you.&nbsp; If the demand was low enough, it could in fact be worth it to pay someone esle to do the minting.&nbsp; If demand signficantly increased, it may become more economical to do it yourself.</p><p><br /></p><p>It seems though that they should be able to generate enough seignorage from sales of bullion, comemmoratives, proof sets and other mint products, plus seignorage from the actually circulating coins, to make a local mint self supporting (especially if they could generate signficant international sales).&nbsp; I guess however that the economy of scale must just not make this economical, at least not now.[/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