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<p>[QUOTE=&quot;medoraman, post: 1987256, member: 26302&quot;]Sorry, but this is completely wrong. The mint can NOT sell below spot, how could they ever? They cannot buy silver any cheaper than any other large purchaser, that is in fact what spot price means. SO, the mint has to buy the silver, make planchets, make dies, strike the coins, and handle and package. I have always hear the price from the mint for ASE monster boxes is around $1 over spot, (maybe a touch more). For AGE, the mint sells them I believe about $5-10 over spot, (again maybe a touch more). To say anyone can sell pure bullion below spot is kind of silly, since spot IS the cheapest wholesale price for pure bullion. Any non-pure silver, like junk silver, can be sold below spot because:</p><p><br /></p><p>1. Its not being minted today</p><p>2. There will be costs associated with smelting. So if the smelter pays 90% of spot, a dealer can sell at 98% of spot and still make a profit.</p><p><br /></p><p>The reason large dealers can sell at any market price is because the smart ones hedge their bullion positions. They do not care if the market goes up or down, since they are the same either way. All they have to worry about is moving volume.[/QUOTE]</p><p><br /></p>

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