Authorized Bulk Purchase Program (ABPP) & Numismatic Bulk Purchase Program (NBPP)

Circulating Coin Bulk Purchase Program

Bulk purchasers of circulating coins receive pick up instructions for arranging carrier appointment, truck inspection, and driver clearance and are contacted to coordinate a pick up appointment date/time. Orders are released after all pre-arrangements are fulfilled, e.g., the electronic funds transfer is received, the shipment is ready and clearances confirmed.

America the Beautiful Quarters

To purchase America the Beautiful (ATB) Quarters through the Circulating Bulk Purchase Program, customers (individuals or businesses) must:

• purchase the minimum of one bulk bag, which contains 200,000 coins
• pay for the coins at face value ($50,000) plus a processing fee, which equals 3% percent of total order value ($1,500 per bag)
• pay in full and in advance via electronic funds transfer to the United States Mint (instructions are provided after the order is entered and the inventory is confirmed)
• assume all shipping costs and arrange pick up to receive coins at the dock of United States Mint facilities in Philadelphia or Denver for coins manufactured in Philadelphia or Denver, respectively
  

Download Bulk ATB Purchase Program Order Form (PDF). You can download a PDF reader from Adobe if you need it.

(edited to deactivate links, hope I got them all.)

so, as the above, you pay the $50,000 face value +3% ($1500) for 1 ballistic bag pallet, pickup and shipping is on you and has to be done on their terms. pay in full and advance of collection by bank transfer. This particular thing could be done by anyone with the money and ability to ship it securely. They can refuse to sell them to you though. you do not have to be a dealer or numismatist for the circulating coin bulk program, but you do need a business or a business address. This just wouldn't happen at all with a residential address. it was a bigger thing with coin op businesses, now it's mostly the businesses selling singles and rolls of quarters online of specific designs and dates, and factoring costs into the sales prices. It's probably how state quarters dot com and the others does it actually rather than hunting banks for new coin from Philly and Denver. just buy a pallet of each design for their inventory.

 

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Sort of.... I've given it considerable thought when they were doing the W quarters.

says it's 2,615 ponds for quarters.
it's 41.5 x 27.5 x 31

lowside by freight carrier is $770, High side is $1200.
I don't know if an armored carrier is REQUIRED or not, but you'd want it insured I'm sure, so just round up to $2000 and It shouldn't exceed that. probably more like $1500-$1600.

Armored carrier, probably $3-$5000, but I don't THINK that's required, I think they'd make it clear if it was a requirement.

Even rounded up to $55K all in, that's about 28 cent per quarter, the websites sell them for like 70 cents to a dollar each, or as sets of ATBs for like $60, $5 rolls for like $15, $10 rolls for like $19.
you'd need a way to offload the coins you don't want of course for a slight profit, but It's not necessarily a losing endeavor,,, could be errors and stuff in there also. you'd need to figure out how to offload 5000 rolls of quarters (100 boxes) after searching.....

could turn the metal frame into a baby crib/playpen also when you're done, winning!

I dunno, 5 people @$11K each, maybe each is out $1000 in the end if it comes up a total dud and nothing to find in there, if they can't find a way to profit slightly off the 1000 rolls/20 boxes each person would get.

I wouldn't want to do this solo though and foot the entire bill and entire possible losses UNLESS I had a business that could offload all those quarters in the course of making a profit somehow.

 

I've obviously never done it, but I believe they couldnt care less what method you choose to have them transported since you are responsible for picking them up. They don't ship them the companies have to go get them, so once the mint is paid and hands them off they couldnt care less about how you're trying to transport it.

Yes there could be errors, but keep in mind the coins inside are likely going to be fairly low quality being in such a large bag

You'd basically just have to deposit them in the bank. The amount of time it would take to sell that many for an actual profit would very likely take years.

That's still a huge investment for basically no reward. The other thing is the more people you involve to bring the cost down the more complicated it gets and the more you risk getting sued or money stolen etc. I would never consider any venture with a bunch of individuals like that

 

@baseball21 yeah, it sounds like a huge undertaking with a slow profit payout.

But like I said in an earlier post, I'm going to sit this one out and see how it goes for them.

Who knows, maybe they can justify the time and cost and actually turn a worthwhile profit. Then I'll be more inclined to invest with them next time.