Message:

<p>[QUOTE=&quot;howboutatrade, post: 1135244, member: 10387&quot;]There was no conspiracy here.</p><p>&nbsp;</p><p>Legal rules, including the manufacturing requirements of these coins, created the issues at hand. There was no intention of creating a product that would sky rocket, but the technology limitations and deadlines forced limited production (supply and demand rules apply)</p><p>&nbsp;</p><p>The mint did what is was legally required to do. It did its best to get the &quot;bullion&quot; into the market at bullion prices by more clearly defining the definition of &quot;reasonable markup&quot; to the distribution channel and also forced that channel to eliminate layers to avoid middleman fees as much as possible. (their efforts here were so focused on the American people, it created concerns with many business principles like price fixing).</p><p>&nbsp;</p><p>Remember, these are bullion, so not considered numismatic product. The collector versions will be released later this year.</p><p>&nbsp;</p><p>The aftermarket/collector market is where things went nuts. NOT the mints fault. Try shopping the AP&#039;s. Fidelitrade has this product listed on their website, right now, for $929.20 for a full set ($37.17 per ounce). That is under the spot value of silver today, but it is the agreed price from US Silver Bullion at time of release. That is not getting the product to the PEOPLE at multiples.</p><p>&nbsp;</p><p>Fidelitrade has a rigorous process to ensure one set per household...they are doing the best they can and better than most when ensuring people do not go around the system. However, people are trying to bypass the system...again, not the MINTS fault.</p><p>&nbsp;</p><p>If you are looking at the aftermarket as the judge of initial price points...well, that would explain a lot. The direct sources are available to the entire public, communicated openly, and fair application to all...so again, no conspiracy in this...just legal issues that created limited supply and the Mint trying its best to be fair to the people, not enabling companies to gouge due to supply shortage.</p><p>&nbsp;</p><p>P.S.&nbsp; I do not work for the mint or any AP...just been involved in this from the start, watching it roll out, and as a business person looking for the root cause of the problem....every time I look, every angle I look from, it all comes back to the law, as written and signed by politicians....not business people, not investors, not manufacturers of coins, not collectors....politicians[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in