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They make much more on the seignorage than they lose to the CC companies. Don't believe, go look up what it costs to make the coins in question.
by patrickgzill 17y ago
They make much more on the seignorage than they lose to the CC companies. Don't believe, go look up what it costs to make the coins in question.
- eli 17y agoAgain... huh? The cost of producing a modern US coin has nothing to do with its value.
- patrickgzill 17y agoObviously you do not understand what seignorage is, how it works, and the difference between getting coins from the US Treasury vs. Federal Reserve Notes from the Federal Reserve. Why don't you read up on the subject so you can understand what I am talking about.