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US Mint Authorized Purchasers Overstocked?
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<p>[QUOTE="medoraman, post: 2468861, member: 26302"]I agree. First, I don't think the mint thought that BU examples would become "collectible". They thought the proofs would, which is why they do sell proofs to individuals. Second, you have to remember its much more expensive to sell to individuals than wholesalers. Wholesalers take large quantities, credit is already assured, very minimal customer service, etc. For the mint to offer ASE to individuals they would need to jack up prices considerably. Then collectors would all whine how wholesale dealers "were getting a better deal" than collectors.</p><p><br /></p><p>There is a reason why Costco buys goods cheaper than you can directly from a manufacturer. Same is true for the mint. I agree its probably best for them to only sell to wholesalers lest a bunch of angry collectors write their congressmen complaining about "price disparity". Its just the same with my industry. Want to buy 5 pounds of cheese? Then I am going to charge you $2 over the market per pound. Want to buy 10 million pounds a year? Then you are looking at maybe 6 cents over the market.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2468861, member: 26302"]I agree. First, I don't think the mint thought that BU examples would become "collectible". They thought the proofs would, which is why they do sell proofs to individuals. Second, you have to remember its much more expensive to sell to individuals than wholesalers. Wholesalers take large quantities, credit is already assured, very minimal customer service, etc. For the mint to offer ASE to individuals they would need to jack up prices considerably. Then collectors would all whine how wholesale dealers "were getting a better deal" than collectors. There is a reason why Costco buys goods cheaper than you can directly from a manufacturer. Same is true for the mint. I agree its probably best for them to only sell to wholesalers lest a bunch of angry collectors write their congressmen complaining about "price disparity". Its just the same with my industry. Want to buy 5 pounds of cheese? Then I am going to charge you $2 over the market per pound. Want to buy 10 million pounds a year? Then you are looking at maybe 6 cents over the market.[/QUOTE]
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