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Irony: Uncle Sam Hemorrhaging Cash at Every Turn, Even on REAL Money — US Mint’s American Silver Eagle Production Generates Loss of $4.4 Million

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.

Read More @ news.Coinupdate.com

2 comments to Irony: Uncle Sam Hemorrhaging Cash at Every Turn, Even on REAL Money — US Mint’s American Silver Eagle Production Generates Loss of $4.4 Million

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