Message:

<p>[QUOTE=&quot;John Burgess, post: 6641856, member: 105098&quot;]No idea how true it is or not, but I&#039;ve heard with bulk submissions of ASEs for the tv shows and stuff, they just select like 30% of the monster box and give them 70s and the rest get 69s. I think this is a myth though LOL.</p><p>They do sell the 69s for like $60 and the 70s for like $100-$150. make a few dollars extra for a special label, ect.</p><p><br /></p><p>And worst case they can dump it all for bullion since they are getting the &quot;dealer rate&quot; on them from the mint anyways. I mean the bullion dealers are between $17K and 19K for a 500 coin box. so $34-$38 a coin, and a SAE in silver melt is around $25 or so an oz, so there&#039;s thousands to be made of the monster box itself before even doing grading and 69s and 70s. not sure how much they pay the mint for it in their &quot;authorized dealer&quot; deal, but maybe they make $9-13 each before their bulk grading deal for grading a few thousand at a time. Mint probably sell them to them for $2 over spot each. worst case, they can offload the boxes on other authorized bullion dealers for $500-$1000 more than they paid for it when the mint is backed up probably.</p><p><br /></p><p>the tv shows aren&#039;t losing in any way shape or form. like PCGS with bulk submissions, &quot;each holdered coin will be charged a grading fee of $14. Coins that do not meet your requested minimum grade will be returned unholdered with a $2 reject fee.&quot; and set the minimum grad at 69. so as a mint &quot;dealer&quot; they are likely getting them around $2 above spot, so $27 each, JM bullion selling raw for $38-$40 as an example.</p><p>&nbsp;Home shopping getting them graded, selling for $60 or $100 depending on the grade they get, and have about $41 or so invested per coin whether it&#039;s a 69 or a 70.</p><p><br /></p><p>It&#039;s quite a racket I suppose.... with silver eagles even if they did get some that don&#039;t make the 69 cut, the dealer markups still have profit on it for the tv shows to take the chance and be into it for around $29 a SAE.</p><p><br /></p><p>I don&#039;t think they are worried at all about not getting 70s and they will get whatever they need with enough quantity submitted, and even if they didn&#039;t they still make about $6-8 more on the 69s than the bullion dealers selling raw. the 70s are just icing on the cake. and an extra $40 or more in their pockets each.</p><p><br /></p><p>worst case, they&#039;re into them for right around ungraded bullion price from the majority of the dealers, maybe they have to wait a little or sell a little cheaper than their $60 per MS69 on an &quot;unbelievable special&quot; and sell it for $49.99.....[/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