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<p>[QUOTE="Treashunt, post: 172351, member: 6763"]Agreed, BUT (one big, giant but) they are also losing about .7 cents on each cent that is included and somewhere aroung .5 cents on the nickel. (Approximate costs per coin, Coin World had an article on this recently.) </p><p>So, the sale of $5.82 (face value) for the selling price of $16.95 plus some ridiculous amount of shipping is reasonable.</p><p><br /></p><p> Therefore, the markup of 3 billion percent (actually 286 %) on the mint set is fairly reasonable, or so they think.</p><p>After all, the collectors have to subsidize the costs of the general operations, if not for the collectors making ridiculously high profits off the mint's products there would be no profit for them at all.</p><p> How much can they make on coins when it costs 2.11 cents to produce a dime and .0529 cents for a quarter (cost values are the melt value of the coin)?</p><p> You have to consider the fact that they are, after all, permitting us to buy the coins from them.[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 172351, member: 6763"]Agreed, BUT (one big, giant but) they are also losing about .7 cents on each cent that is included and somewhere aroung .5 cents on the nickel. (Approximate costs per coin, Coin World had an article on this recently.) So, the sale of $5.82 (face value) for the selling price of $16.95 plus some ridiculous amount of shipping is reasonable. Therefore, the markup of 3 billion percent (actually 286 %) on the mint set is fairly reasonable, or so they think. After all, the collectors have to subsidize the costs of the general operations, if not for the collectors making ridiculously high profits off the mint's products there would be no profit for them at all. How much can they make on coins when it costs 2.11 cents to produce a dime and .0529 cents for a quarter (cost values are the melt value of the coin)? You have to consider the fact that they are, after all, permitting us to buy the coins from them.[/QUOTE]
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