from Coin Update:
Following four consecutive years of record breaking results, United States Mint bullion program revenue and net income declined for the fiscal year ended September 30, 2012. Bullion coin revenue was $2.46 billion compared to $3.47 billion in the prior year, representing a decline of 29.11%. Net income for the segment was $28.4 million compared to $65.8 million in the prior year representing a decline of 56.8%. Most surprisingly, the US Mint’s most popular bullion coin offering by unit volume generated a loss for the fiscal year.
This article continues coverage of the US Mint’s 2012 financial results.
Not to worry. They’ll soon be making legit ASEs in China where they will be 1/2 price. :-/
If the Mint bought Silver Blanks at $40.00+ each and the Bullion Banks (cousins)have suppressed/maintained the average price of Silver at about $30.00oz this past year, well DAH!!!