Why does the U.S. mint not sell bullion coins to the public?

Which is completely irrelevant. Again proofs ARE NOT bullion and even the suggestion could mislead someone. It's not comparative, its a completely different world from bullion and proofs/numismatic coins.

Already did and you just arent listening to anyone. Everything you need to know has already been posted

The cliff notes answer its the law. Aside from that there are many logical answers and profit margin answers that have already been answered. You keep going back to numismatic products

 

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Right , thank you. The difference is .099 gimme a break already.

 

I've read every post here and replied accordingly. Just because I still question said facts should not imply I have a hearing impairment.

That's like saying ASE`s are only sold at intrinsic value and have no /or are not sold for, numismatic value.

 

I mean honestly, you guys are acting like I am comparing theme park tokens to bullion. What's it really worth?...

 

OMG, WHAT?? OK...Tell me why I would want to buy bullion buffalos from a dealer. Just give me an example, maybe I'll understand.

 

So? I'm trying really hard to get this. Similar to proofs where high grade would offer little premium due to large populations of high grades? The thing is I have seen choice bullion pieces Graded 70 and even DCAM and Proof Like being auctioned for many times the content value.

 

Doug is in his own world that is often VERY different from the real market when it comes to value. The question isnt if the 70 would bring a premium its how much of a premium should it be which varies greatly by product. The 70 ALWAYS brings a premium over raw or 69s and lower grades

 

This video is originally what made me start this thread. Can you watch it? Maybe then you will understand why I am barking up this tree.

 

The title alone would suggest to ignore it. That said yes grading can make money when you get 70s and yea there are PL ones where a 70 gets good money which if because they're hard to find.

GC, pcgs auction prices realized, ebay its pretty easy to see the approximate value of something modern and not just go off peoples opinions.

 

I figured as much, but what I could not stop dwelling on was that this person, which I assume to be a dealer buying bullion from the mint, seems to be doing something that is not intended to be done with the product.

 

Well now, it seems I may have been in error to assume that a market is created by demand. Hmm, Wait a dog gone second...
I think I see the angle of attack here. You guys are coming at this as numismatic collectors, and by all rights, being the subject of what demands a premium price.
I wonder, what would be the reactions if I had posted this over in the bullion thread.
Could the members perception of bullion be biased?
Is there such a thing as a numismatic bullion or should we just say bullion is not intended to be collected and therefore not collectable? I think this might be a subjective argument with strong support from any type of collector.
I personally wouldn't mind having an early strike bullion, or any bullion for that matter, but the fact is there seems to be a demand, though only 10% of a market, which is being filled but with no competition to keep the premiums in check.

 

Of course the Mint sells Bullion to the Public. If the Purchase Order is per the Mint/Treasury/U.S. Government requirements of Purchase, in the quantity required for Purchase, then why not?

Is the cost that much more for Mint Bullion products, when considering the Market? I don't know, but what I do know is there are many individuals that are not hobbyists or collectors, per say, but are Bullion investors, and consider the U.S. Mint products.... especially when TPG'd, to be a safe haven, for quality and and physical control, and purchase what they can, via the Mint and Shows and internet purchases, etc., and do not have any qualm with paying above spot price for Mint products, whether 10-15% over, or even 20%. After all, I personally would rather trust a Mint product than a product from foreign/unknown sources.

The collector/hobbyist that is interested in a 70 TPG Grade, is more likely to be for Register purposes, than not, because collectors/hobbyists not involved with Registry pursuits, is just as happy with the quality and beauty of a 69, for their personal collection.

The Dealers" are the Public, and any individual can have the same deal, by setting up a well funded Entity. I do not think assuming selling to Dealers is somehow not selling to the Public.

Semantics. My opinion, of course, but I do not see the right or wrong of it, either way.

Truth in editing: changed thrust to trust

 

I disagree there is not competition. Consider the World Bullion market.

 

God forbid people actually buy what they like and have their own tastes that differ from yours, they must be real morons not to do things exactly how you want them to.

It's kinda sad that you just always fall back to they must be wrong or stupid/uninformed because you do dont agree with something in the market

Sorry but they're far more popular than you say. The same dealers that will tell you its just bullion when buying it will sell it for a premium saying how its a 70 etc

 

No because once it becomes numismatic its no longer bullion.

But for what you were getting at the answer is yes, certain dates of ASEs cost more than others even raw and one example and any of the 70s for anything get a premium

Doug just completely made that number up. In all honesty he's one of the last people I'd listen to when it comes to pricing or market realities

 

Well I'll leave that between you guys. Even if it is 5% or 20% The fact is that there are a selected handful of companies distributing bull for the mint. Whether you would like to consider private companies "the public" or not. It leaves the opportunity for those companies to capitalize on a product that is supposed to be distributed, not sorted and sold as something it is not intended to be. Whether I am too opinionated or just wrong I only hope I'm understood.

 

Can you buy bullion from another country? Maybe a world market somehow effects prices, but does it really? Or is it the US that sets the market prices?