Why are the mint's prices so high? What do they do with their profits? I would like to get a 2008 1/2 oz. gold eagle. The mint sells them for 609.00 plus shipping. You look at NGC's price guide and a PF69 graded one is priced around 550.00. Is there a better place to buy one? Haven't seen too many 08s out yet. Apparently gold has not dropped enough since Jan. to warrant adjusting their prices?
This is the very thing that vexes most of the members on this forum that buy and collect gold. I remember one member stated that he bought gold proofs on the secondary market and got better deals as opposed to buying directly from the mint. Possible alternative?
Because there are laws that tell them how much they can sell them for. Profits are returned to the General Fund - to pay for things that you would otherwise have to pay for with even more taxes.
