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Message:: [QUOTE="GDJMSP, post: 3599026, member: 112"]Yeah, I agree completely with that ! With all modern commems produced in the US - the mint gets paid whatever it cost to manufacture the coins - plus the face value. The face value is the only profit the mint makes. So if it's a $5 gold coin, the mint makes $5 for minting it. That $5 is the mint's seigniorage with commems. And it's only like that with commems. With every other coin the mint makes, even the modern ones, the seigniorage the mint makes is the difference between what it cost them to make the coin and the face value. Ya see, when the mint releases a coin into circulation, whoever receives the coin pays the mint the face value of each and every coin - and that is also seigniorage. Surcharges are received by private organizations, seigniorage is received by the mint. It's the definition they use for seigniorage that I had a problem with. And in every case where that definition is used - it's with a modern coin ! And or paper money. That's the only time that definition is ever used. I'm not saying that definition is not correct, it's plainly listed as being a valid definition. It's just a definition for seigniorage that I'd never heard of until this thread.[/QUOTE]