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2008 Platinum Eagle are back and much cheaper
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<p>[QUOTE="Aberlight, post: 446587, member: 6510"]I think you need to read my last post with a little more attention. The mint does as infact "just buy metals, strike the coins and then wait for somebody to ask for them." They strike up coins in anticipated demand with their collector coins gold, silver, platinum. These coins are struck in proof and the burnished Uncs beginning 2006. I just answered a survey 2 days ago regarding the price I would consider paying for the Ultra High Relief Gold Double Eagle for Jan 2009. The mint conducts surveys before producing and pricing coins and their study of the market determines the amount and mintage of coins that they initially make. Do you really think that the mint gets an order mints the collector based proof or burnished Unc. coin, ships it to Memphis for FedEx to have at my doorstep 2 days later as you implied by stating "They buy and strike enough to meet orders they have and that's it."?</p><p><br /></p><p>As I stated earlier the mint produces and sells the bullion-dealer network coins based on your "within the law" concept. These coins carry much lower premiums and the program is in place for the distribution of bullion to bullion dealers, not collector produced bullion such as proofs and burnished Unc. coins that carry much higher premiums. These collector, and not the bullion dealer demand based coins, with higher profit margins at the mints discretion can be dollar cost averaged down or even sold at a loss.</p><p><br /></p><p>The mint can and does suspend sales " in times of volatility" because with falling prices there is less demand and the production cost of the smaller scale production is greater than the very low premiums on the dealer network bullion coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Aberlight, post: 446587, member: 6510"]I think you need to read my last post with a little more attention. The mint does as infact "just buy metals, strike the coins and then wait for somebody to ask for them." They strike up coins in anticipated demand with their collector coins gold, silver, platinum. These coins are struck in proof and the burnished Uncs beginning 2006. I just answered a survey 2 days ago regarding the price I would consider paying for the Ultra High Relief Gold Double Eagle for Jan 2009. The mint conducts surveys before producing and pricing coins and their study of the market determines the amount and mintage of coins that they initially make. Do you really think that the mint gets an order mints the collector based proof or burnished Unc. coin, ships it to Memphis for FedEx to have at my doorstep 2 days later as you implied by stating "They buy and strike enough to meet orders they have and that's it."? As I stated earlier the mint produces and sells the bullion-dealer network coins based on your "within the law" concept. These coins carry much lower premiums and the program is in place for the distribution of bullion to bullion dealers, not collector produced bullion such as proofs and burnished Unc. coins that carry much higher premiums. These collector, and not the bullion dealer demand based coins, with higher profit margins at the mints discretion can be dollar cost averaged down or even sold at a loss. The mint can and does suspend sales " in times of volatility" because with falling prices there is less demand and the production cost of the smaller scale production is greater than the very low premiums on the dealer network bullion coins.[/QUOTE]
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2008 Platinum Eagle are back and much cheaper
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