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.
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