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<p>[QUOTE="Good Cents, post: 3327982, member: 100720"]Makes a lot of sense. If it's profit-driven they lose more from all those small returns. They have to pay for manpower to process those small returns when they didn't make much on the sale to begin with. It takes a lot of time to process - someone has to open the package, make sure the person returned everything they claim they did, check the condition, issue a credit back to your credit card, sort the returns, and then restock the shelves with those items that are not damaged. Each return likely costs them at least a half hour of salaried manpower, if not more. If a customer is costing them $50 a year in returns while they are only profiting net $10 a year from that customer, it creates a loss. Enough of those and they start feeling it.</p><p><br /></p><p>Unlike the dealers who they net thousands of dollars of profit from, they can afford to lose a few dollars on processing a small percentage of the dealers' returns.</p><p><br /></p><p>The US Mint should not be more profit driven in their return policy though, than, say, Nordstrom, or other for-profit retailers. The US Mint's retail division "should" mirror gov't in the sense that it's for the people - not out to make money per se but simply to cover retail operation costs. And some would argue it shouldn't even be doing that.</p><p><br /></p><p>If you go to the bank you can "buy" rolls of $1 gold-colored coins for $1 each coin. They're not new but why should new ones cost more?</p><p><br /></p><p>Nobody charges more for a brand new stack of $5 bills - why should they charge more for a roll of brand new coins?[/QUOTE]</p><p><br /></p>
[QUOTE="Good Cents, post: 3327982, member: 100720"]Makes a lot of sense. If it's profit-driven they lose more from all those small returns. They have to pay for manpower to process those small returns when they didn't make much on the sale to begin with. It takes a lot of time to process - someone has to open the package, make sure the person returned everything they claim they did, check the condition, issue a credit back to your credit card, sort the returns, and then restock the shelves with those items that are not damaged. Each return likely costs them at least a half hour of salaried manpower, if not more. If a customer is costing them $50 a year in returns while they are only profiting net $10 a year from that customer, it creates a loss. Enough of those and they start feeling it. Unlike the dealers who they net thousands of dollars of profit from, they can afford to lose a few dollars on processing a small percentage of the dealers' returns. The US Mint should not be more profit driven in their return policy though, than, say, Nordstrom, or other for-profit retailers. The US Mint's retail division "should" mirror gov't in the sense that it's for the people - not out to make money per se but simply to cover retail operation costs. And some would argue it shouldn't even be doing that. If you go to the bank you can "buy" rolls of $1 gold-colored coins for $1 each coin. They're not new but why should new ones cost more? Nobody charges more for a brand new stack of $5 bills - why should they charge more for a roll of brand new coins?[/QUOTE]
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