FlyerTalk Forums - View Single Post - Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Old Mar 2, 2011, 9:30 am
  #13715  
aviators99
 
Join Date: Mar 2006
Location: Miami, FL, USA
Posts: 4,045
Originally Posted by deant
Also, if you want to consider the mint "making money" from the deal, consider the "profit" that would be had if the GOVERNMENT just printed more dollar bills and avoided the shipment costs.
The congress requires that the mint mints these coins as part of the presidential dollar coin program, in addition to the dollar bills that are ordered to be printed. They are not being minted to order. If we don't buy them, they will sit, and the costs will be absorbed by the government, without the revenue of us buying them.

So, the profit you're talking about could only be realized if the dollar coin law was stricken. It has nothing to do with us. We (as purchasers of the coins) are the ones who are saving the government money in this case.
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