Daily Archives: 11-February-2016

The Cost of Minting Coins

I rarely think of the US government as producing any physical products, but there is one product that only it produces and that is extremely profitable – US money. The government sells money at its face value, which historically has had higher value than the cost of manufacturing it. In the year 2010, the US Mint generated $6.3 billion in profit from selling the money it manufactures. Continue reading

 
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