3 ms·
Yes they did make $98.50, and it is profit. The job of the Mint (and the Bureau of Engraving & Printing) is to use the monopoly of seignorage to make money out
by pishpash 8y ago
Yes they did make $98.50, and it is profit. The job of the Mint (and the Bureau of Engraving & Printing) is to use the monopoly of seignorage to make money out of thin air. As much as there is demand for coins and bills, they will sell into the market. The job of maintaining (the value of) the US currency is in the hands of the Federal Reserve.