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Why does the U.S. mint not sell bullion coins to the public?
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<p>[QUOTE="baseball21, post: 8004876, member: 76863"]It's because of cost and risk. Why on earth would they want to sell a single bullion coin to someone that might try and return it when they can protect themselves by having large contracts that cannot be canceled and allow no returns?</p><p><br /></p><p>They would have to be some of the dumbest people ever in charge to switch over to individual sales where spot price moves and they very easily could lose millions waiting for a bunch of random people to order who would also be complaining they have to pay for shipping.</p><p><br /></p><p>Long story short they only sell to a few sources that have long financial histories and capital because its the smart thing to do </p><p><br /></p><p><br /></p><p><br /></p><p>So give Amazon a huge chunk of the profit for no reason whatsoever while driving up the cost overall including to buyers?[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 8004876, member: 76863"]It's because of cost and risk. Why on earth would they want to sell a single bullion coin to someone that might try and return it when they can protect themselves by having large contracts that cannot be canceled and allow no returns? They would have to be some of the dumbest people ever in charge to switch over to individual sales where spot price moves and they very easily could lose millions waiting for a bunch of random people to order who would also be complaining they have to pay for shipping. Long story short they only sell to a few sources that have long financial histories and capital because its the smart thing to do So give Amazon a huge chunk of the profit for no reason whatsoever while driving up the cost overall including to buyers?[/QUOTE]
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