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| Above, the American Silver Eagle is one of the U.S. Mint's profitable products. Photo by Armand Vaquer. |
For those who collect or invest in gold or silver, the U.S. Mint is a source people should look into.
Strange as it may seem, the U.S. Mint is one government department that actually is turning a profit for the government. That wasn't always the case.
Yahoo! Finance has posted an article on the trials and tribulations the Mint went through in the 1990s to get to where it is today.
They begin with:
AUSTIN, Texas, Dec. 20, 2022 /PRNewswire/ -- Currently, the U.S. Mint strikes around 10 billion circulating coins each year, making it a profitable operation for the government. However, that wasn't always the case. This week on U.S. Money Reserve's "In Conversation," 35th Director of the U.S Mint (1994–2000) and U.S. Money Reserve President Philip N. Diehl and 38th Director of the U.S. Mint (2006–2011) and U.S. Money Reserve Senior IRA Strategist Edmund C. Moy discuss the challenges at the U.S Mint in the 1990s.
To read more, go here.
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