Coin of the Realm of Madness

Deep in the bowels of the US Mint in Philadelphia are coin presses which run constantly, producing millions of one-dollar coins, day after day, day in and day out.  The mechanized beasts are more productive than the god Vulcan, sweating away in his forge beneath Mt. Aetna, and they certainly require less upkeep than the legendary Norse dwarves mining gold in the dark, dank recesses of the earth. The relentlessly efficient seven machines run nonstop, pouring out 1,800,000 presidential coins per diem, each coin costing 32 cents to produce, adding up to a total cost of $600,000 each day. It all started when the Congress in session in 2005, led by Delaware's Mike Castle, among others, got the golden idea of commemorating every dead president by imprinting the images of the deceased leaders on coins.  Promoters of the cause thought the coins would instantly be put into circulation or snapped up by eager professional and amateur numismatists. But it has turned out that nobody...(Read Full Article)

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