2008 Platinum Eagle are back and much cheaper

Discussion in 'US Coins Forum' started by Aberlight, Oct 17, 2008.

  1. mrbrklyn

    mrbrklyn New Member

    The mint doesn't make a profit.
     
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  3. Aberlight

    Aberlight New Member

    Once before you sent me on a wild goose hunt looking for information in the mints annual reports and after thorough reading it wasn't in any of the reports. However I will pick up a copy of Coin World and try to figure out how your reading this.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    OK - you believe whatever you want.
     
  5. Aberlight

    Aberlight New Member

    Will do, but that doesn't consist of the mint only producing what they have orders for to prevent a loss and magically getting the package to me in 2 days.
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    It easily does if you understand that the vast majority of the sales they make go to the large dealers who order thousands of the coins in advance. And to accomodate the individuals they take a small portion of those coins that were pre-ordered and then sell them to the individuals as their orders come in.

    So you see, either way the coins were sold whether it be to you or the large dealer who ordered in advance.

    The key to this whole thing is that there are laws in place that tell the mint what they may do or may not do in regard to bullion coinage. And the mint does not break those laws - ever. That includes that all bullion coins must be sold at a price that covers their cost for the bullion and production costs - plus a profit.
     
  7. Aberlight

    Aberlight New Member

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