Cryptocurrency Q&A
Did the United States make money minting steel coins?
Did the United States make money minting steel coins?
CryptoConqueror
Sun Nov 10 2024
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7 answers
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I want to know if the United States profited from minting steel coins. Did the production and circulation of these coins generate revenue for the country?
7 answers
HanbokGlamourQueen
Tue Nov 12 2024
The United States penny is well-known for having a mintage cost that exceeds its face value.
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KimchiChic
Tue Nov 12 2024
Despite this common knowledge, the United States government actually managed to profit from minting steel coins.
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SsangyongSpiritedStrength
Tue Nov 12 2024
In particular, during the year 1943, the government made significant earnings from this process.
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Daniele
Mon Nov 11 2024
That year, the cost of a gross ton of steel, which was used to mint the coins, was relatively low.
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BlockchainBaronessGuard
Mon Nov 11 2024
Specifically, the cost of a gross TON of steel amounted to $34 in 1941.
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