Reply to Thread

Message:: [QUOTE="krispy, post: 941184, member: 19065"]Eventually... Yes, they do sell it all. Funny thing is that the Mint does too. The Mint utilizes the bullion dealer network to reduce all the banged up and returned First Spouses (sounds wrong don't it? LOL!), Boy Scouts (keeps on getting worse!!!), and last year's unsold collectible bullion Proofs and Uncs... okay... Let's just say, all the junk that customers return to the Mint and anything they can't sell bullion-wise, is eventually force fed by the Mint to the bullion dealer network with their successive orders. If the dealers want to buy 2011 eagles, they have to buy a percentage of 2010 eagles with each new order until the Mint inventory is depleted in order to receive new product, that way the junk and left overs are fully distributed to the bullion dealers who are left to deal with it all themselves. The bullion dealers (aka Anointed 12) are not going to take a loss on this bullion now placed in their possession. They can sell it to other smaller dealers willing to take it off their hands or ship it off to the melting pot. I just wish when the send it to be melted that someone would keep track of what is destroyed so we have accurate numbers following the mintage and sales figures reported by the mint. That's my two cents on it. =)[/QUOTE]