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This is not correct. Most US coins (other than the cent and the 5 cent nickel) cost much less to make compared to their face value. For example, it costs just a
by angoragoats 2y ago
This is not correct. Most US coins (other than the cent and the 5 cent nickel) cost much less to make compared to their face value. For example, it costs just a bit less than 6 cents to make a dime, and just shy of 15 cents to make a quarter [0]. The "profit" that the government makes via minting coins and printing currency is known as seigniorage [1], and is reflected in the government's budget as revenue.
[0] https://thehill.com/homenews/nexstar_media_wire/5136331-how-much-does-it-cost-to-make-a-penny-and-are-we-losing-money-on-other-coins/ https://thehill.com/homenews/nexstar_media_wire/5136331-how-...
[1] https://en.wikipedia.org/wiki/Seigniorage https://en.wikipedia.org/wiki/Seigniorage