Why does the U.S. mint not sell bullion coins to the public?

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Oh. I was referring to the gold buffalos in particular. Still relevant though with todays silver spot of 25.08, @ 25,000 ASE`s would then be $627,000 (at spot), but at the mints premium rate of around $75 for a 99.9 silver dollar that estimate escalates to 1.875 million. Again I wonder what the "bulk discount" is for these dealers.

 

It's 1000 ounces for gold and 100 ounces for Platinum/Palladium

 

Youre confusing two different products. The 25k minimum is for the bullion versions not the numismatic collectors versions. Its a $2.35 premium per coin for the ASE bullion

 

https://www.usmint.gov/news/consumer-alerts/business-guidelines/authorized-purchaser-program

 

That's IT!!!! ONLY 2.35?

 

I thought they had raised it to $2.50. I could be mistaken.

 

Again its the bullion versions. The ones sold on their website for 70 or whatever have nothing to do with these

 

They haven't updated their website if they did

 

Laugha

Laughable. I pursued the wrong career.

 

I may have this all wrong but...
The mint does sell "bullion". The "bullion" they sell is otherwise known as proofs which are struck in 99.9% silver. The premium for these coins are 3x the content value. Grant it they take more care in the production of these coins being that they are "collectable" ( which IMO makes them not very "collectable"). The real collectable coins, such as an ASE, are nearly given away to dealers, in comparison, to be picked and sorted before they ever get to the public. This is my dilemma... What is the benefit of buying ASE`s from a dealer as opposed to buying bars from APMEX?

 

Those aren't bullion.

 

Many, many fewer collectors?

 

It's close..99.9%. I didn't mean it literally. I was using the term "bullion" as a closest example of what is publicly available.

 

Haha see! He said "COLLECTORS".

 

No it's not even remotely close to bullion. Something simply being made of a PM doesnt make it bullion

 

First of all I said "closest". It was comparative. It's the closest the mint offers for an example. Why are you taking my words out of context and rebutting. You are not explaining anything and only criticizing my posts. Defend the product all you want but without insulting me please.

 

Definition of bullion coin
: a coin whose value is based on the value of the metal from which it is made rather than a denomination value

https://www.merriam-webster.com/dictionary/bullion coin