Hi you nice CT folks.
Now don't get all over me for not being able to quote the actual article I read because I don't think it is that important to statements.... being...
I read the US Mint satisfies the BIG investors in the first runs of freshly minted coins... specifically the precious metal coins.
The article went on to say the Mint was going to cut back on the BIG investors orders because of the scarcity and cost of silver and gold, etc.
Okay, with that said... the BIG investors, whom the Mint did not identify,
including overseas investors, order 100,000 or more, as many as 300,000 coins or sets.
This makes me think that we are getting ripped off, by the mint!
Do you think we little guys are getting our fair share of freshly minted coins? Are we getting the left-overs? Is this why the coins become 'sold-out' and the BIG investors who are out to make a big buck do not care about the little guy and whether or not we can complete our sets?
Yes I am aware the BIG guys do this for a living and a way to beat off inflation a fraction of a cent at a time. That, in itself, is one reason why I find it totally unfair the Mint should sell our precious metals to the lowest bidders.
Why can't the mint sell first to the individual collectors, even putting a limit on how many coins or sets they can order, and then after a certain period of time sell to the BIG investors?
I am not including the small coin dealers who buy a lot of sets or coins to resell later because I do not believe most of them can afford to shell out the money for such BIG orders.
What are your thoughts about this?
jeankay
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