Message:

<p>[QUOTE=&quot;johnmilton, post: 8132005, member: 101855&quot;]There are some reasons why more are made that the number retired.</p><p><br /></p><p>1. In general the economy has grown which requires more coins. Of course in recent years, coins and circulating money have become less important to the economy as more people use debit and credit cards, the &quot;cashless society.&quot;</p><p><br /></p><p>2. Some coins are destroyed or lost forever. Although the mint system didn&#039;t do away with them, they still must be replaced.</p><p><br /></p><p>3. The mint makes a profit from the coins it produces. It&#039;s called seigniorage, and it actually reduces the national deficit. Some years ago, after the mint got done producing billions of Sacagawea and presidential Dollars and sent them to storage, someone asked why they didn&#039;t destroy them because they were unwanted. One answer was destroying them were add to the national debt. As crazy as it sounds, the government looks like it&#039;s doing better if it wastes money on storing coins no one wants.[/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