Do you think the mint should sell bullion coins direct to the public?

Make it so you can order them through the post office or somthing.

 

Log in or Sign up to hide this ad.

Post office or banks.

I think the greatest opportunity would be to sell ASE and AGE through these channels. I personally dislike the "authorized purchaser" system.

 

The USPS should absolutely handle the purchasing and selling of US PM coins. For an organization that has the retail outlets, security, and their experience, it's a perfect match. This is why it won't happen.

 

I'd love to see it. It would certainly cut the premium down considerably even in the private market. I'm sure there would still be a premium on them, but it would still be less than the retail mark-up just because the overhead isn't there.

 

I think anything along these lines would be good. As long as the Mint's ordering system is no way, no how involved, that is.

 

:yes:i think it would be great :yes:

 

The Mint is already selling more silver eagles per year than the amount of silver mined in the US per year. If they make them any easier to buy they will have to buy that much more silver on the open market to meet ASE demand. So whether or not they should do this depends on whether they want to shell out the money to support the growth in demand it will entail. I sure wouldn't mind personally. I refuse to deal with the US Mint directly after all the horror stories I've heard.

 

I've never had any problems buying from the mint directly.

 

Me neither. Had problems with banks and the Post Office though.

 

It'll just add another layer of (stupid) people making up their own (stupid) rules as they go along.

 

If the premium were cut down, It would make me actually want to buy some...

 

I think being governmental, that they would follow the same bracket pricing scheme that proofs and collectables follow, only with a lesser premium. You may get a deal before if gold shoots up, if you get in before the window closes for a day to reprice.

 

I absolutely support this. It would be great to walk into the PO and purchase bullion. :smile. TC

 

It is likely due to insurance and liability issues in US which make it head ache for shops to sell valuable items without taking proper precautions and meeting certain regulations.

 

Agreed. Personally, even if they were the same price as now I would support it as I would rather have the PO make a profit selling these rather than dealers who have a "special relationship" with the government.

 

They already sell stamps and money orders of any quantity and value. I'm thinking that the Post Office isn't high on the list of places for criminals to hit. Instead of state charges, you end up with some very serious federal charges and there is no parole on federal convictions.

It's one of the reasons for sending/receiving coins via registered USPS mail. Mail fraud isn't something that dishonest sellers/buyers will want to be dealing with.

 

I absolutely agree and want to make one additional point. Our beloved (cough..cough..sorry) Postal Service managed to lose $3.3 billion dollars last year. By moving bullion sales to the PO the premium paid would be an additional sorely needed profit center.