Quote:
Originally Posted by kunkstyle
So for argument's sake, I'll use the same figures for loonies. Say there's an 80% profit margin on loonies. They've circulated 3 million of them in hopes that fans will keep their loonies and take them out of circulation. If even a third of the circulated ones are kept in for a collection, that's a nice tidy profit of $800,000. I'd be willing to bet that more than covers the cost to create a new stamp...
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The danger being that while they may be in someone's drawer they are still worth face value. You can't just print money for profit. All that change sitting in drawers, pennies in jars, etc. is a liability to the mint or the Canadian government. At any time it could all flood the market and it is legal tender. Until it is taken out of circ by the mint it is on the books, so to speak.
Only Obama can print money for the sake of printing money.
The real profit is selling a sealed Rider loonie for 10 bucks, or whatever they charge.