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

I was not talking about the gold market per say, I was talking about selling bullions for premiums as MS70s and Proof Likes. Which there is apparently a market for, be it small a majority but big money.

 

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The market sets the price of graded ones, if they don't sell or sell fast enough eventually the price gets lowered. They are very popular and theres a huge market for them so that usually doesnt happen unless theyre priced aggressively from the start.

 

Like I said those same dealers will be more than happy to sell it as a premium and hype up the 70 when they arent the buyers. All one has to do is look at GC, Heritage, David Lawrance, eBay etc they sell all day long all the time for a premium. This is what actually happens

Take any coin to 100 dealers and see just how absurdly low many of them will be. Selling directly to a dealer is often the worse way for a collector to sell something. Aside from covid one of the biggest reasons why the online market has exploded is that people got sick of getting one story selling and another buying. This is especially true for younger collectors and collectors that dont fit the general demographic as to many will think they can take advantage of that situation.

There are good dealers out there, but being a dealer even a national one or writing a book doesnt make someone a good dealer. I've been lied to by a "series" expert who has written books before for not being in the typical demographic all it did was cost him two customers as my friend got told something completely different when I suspected they were full of it.

The simple fact is it doesnt matter what dealers would offer you at show or what collectors on a forum would say. There is a very real, very vibrant market place for these at numerous auction houses that sell constantly for premiums as 70s all the time. If someone doesnt want them or like them thats fine, but the market cannot be denied

 

I really appreciate both of your opinions and advice. It was a little challenging to drag it outta you guys, but now I really understand. I feel like I just advanced to next level.
I have been training my eye to coin grades but still had lots of questions. I knew the basics but when I watched a James (Jimmy) A. Hayes interview in which he elaborates on the 1796 dime from the Empire sale in 1967, it put grading into a whole new perspective for me. I feel I have had the same experience in this thread. It is difficult to describe. I can read all the books I want but would never get to experience that moment of truthful emotion. Thanks. Really... I couldn't have asked for a better two opinions.

 

Yea because they can't flip it. They don't want to hold coins. They want to sell them.

 

It speaks nothing and yes there are dealers that would saying none is obviously an exaggeration.

The simple fact is that they CONSISTENTLY sell for premiums at auction houses every day/week, that should speak volumes

 

Try selling other coins to dealers including CAC ones, they're basically in the business of trying to talk down the value of what you're selling them especially if you dont have some long standing relationship with them

 

I hope were still talking about bullion dealers. I still have allot of questions... is worth opening an account with a bullion dealer or would 3rd party be better for smaller purchases... what associated costs should I be aware of... what would a tenth oz buy you in a hyper inflated market...would paper gold still be required for a truly diversified portfolio...