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US Mint Numismatic Program Revenue and Net Income Rise in FY 2013

January 27, 2014 in Coins, Gold, Gold Coins, News, Numismatica, Numismatics, Silver, Silver Coins, US Mint, USA Coins

January 24, 2014 By Michael Zielinski (http://news.coinupdate.com/)

During the fiscal year ended September 30, 2013, the United States Mint reported higher numismatic revenue and net income, as the contributions from special product offerings offset continuing weakness for some traditional products. Revenue for the segment grew by 6.5% to $512.4 million, while net income and seigniorage increased by 29.6% to to $95.8 million.

The United States Mint’s numismatic program includes high quality versions or specially packaged circulating coins, precious metals coins, commemorative coins, and medals which are offered for sale directly to the public

Some products are required by federal statute, some are required under individual public laws, and others are created at the discretion of the Secretary of the Treasury. A main objective of the numismatic program is to increase the customer base and foster new sales, while controlling costs to keep prices as low as practicable.

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