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06-30-2009, 01:21 AM
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#1 (permalink)
| | Senior Member
Join Date: Feb 2009
Posts: 118
My Mood:  | Can you get ASE or AGE from the mint?
I asked this question before ad still didn't get a straight answer. How are people getting the bullion ASE and AGE's? Is the Mint selling them in bulk to someone other than the general public?
Does anyone know?
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06-30-2009, 01:31 AM
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#2 (permalink)
| | huldufolk
Join Date: May 2008 Location: Michigan
Posts: 4,462
My Mood:  |
Dealer get them in bulk to sell to consumers.
__________________  $2 superstar.
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06-30-2009, 02:26 AM
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#3 (permalink)
| | Senior Member
Join Date: Feb 2009
Posts: 118
My Mood: | Quote:
Originally Posted by TheNoost  Dealer get them in bulk to sell to consumers. |
How does the dealers get them, what form or website do you have to fill out or join to become a dealer? How many do you have to buy at a time?
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06-30-2009, 04:12 AM
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#4 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 2,940
My Mood:  | | 
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06-30-2009, 04:14 AM
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#5 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 2,940
My Mood: |
* Be an experienced and established market-maker in gold/platinum and/or silver bullion coins.
* Provide a liquid two-way market for the coins.
* Be audited annually by an internationally-accepted accounted firm.
* Have an established broad base of retail customer base in which to distribute the coins.
* Have a tangible net worth of $50 million for Gold and Platinum Eagles, and $5 million for Silver Eagles. This requirement may be met using letter of credit.
* Have sold over 100,000 ounces of gold bullion coins over any twelve-month period since 1990. (This criterion is for becoming a United States Mint Authorized Purchaser of gold bullion.)
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06-30-2009, 04:38 AM
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#6 (permalink)
| | Senior Member
Join Date: Feb 2009
Posts: 118
My Mood: |
Well I don't I will be making that list any time soon. Meh.  | |
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06-30-2009, 06:26 PM
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#7 (permalink)
| | Twilight Photographer
Join Date: Jun 2009 Location: Sunnyvale, CA
Posts: 1,399
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The minimum purchase is much larger than most any dealer could ever deal with.
You are required to provide your own armored transport.
Basically only the top 5 or 6 metals dealers in the country buy from the mint and all the dealers buy from them.
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07-02-2009, 10:26 PM
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#8 (permalink)
| | Numismatist
Join Date: Sep 2002
Posts: 5,097
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Minimum purchase for silver eagles by a distributor is 50,000 oz.
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reported as of 12/29/06
132 companies 332 production varieties
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07-02-2009, 11:11 PM
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#9 (permalink)
| | Numismatist
Join Date: Jan 2007
Posts: 5,957
My Mood:  |
right now is the best time to buy bullion from the dealers. because the premium is quite low now.
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07-04-2009, 09:37 PM
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#10 (permalink)
| | Senior Member
Join Date: Jan 2009 Location: SoCal
Posts: 139
| Quote:
Originally Posted by CrustyCoins The minimum purchase is much larger than most any dealer could ever deal with.
You are required to provide your own armored transport.
Basically only the top 5 or 6 metals dealers in the country buy from the mint and all the dealers buy from them. | who are the 6?
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westchester elks lodge Pm/coin show
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07-05-2009, 08:24 PM
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#11 (permalink)
| | CoinSpace.com CEO
Join Date: Jun 2009 Location: California
Posts: 263
My Mood:  |
You can find a list of the Authorized Purchasers on the U.S. Mint Website http://usmint.gov/ in my area the two largest ones are CNI and Goldline. CNI has a price guarantee so if you find a lower price above spot they'll match it they also ship free. The best price I've seen as of late is APMEX $1.99 over spot for ASE. Mention http://CoinSpace.org between now and July 15th and they will give you a $5.00 off a $50.00 purchase and $10.00 off on a $100 purchase.
Hope this helps
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