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Why does the U.S. mint not sell bullion coins to the public?
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<p>[QUOTE="Conder101, post: 8024170, member: 66"]And the law is that way because they tried to do it the other way, selling directly to the public, when they were doing the US gold arts medallions in the early 80's before the gold and silver eagles were authorized. It was a real headache and a convoluted system for the ordering. You had to go to the post office to get an order blank and have it time stamped, then you had to go call a phone number to get the up to the mint price quote and fill that in on the form, then back to the post office for another time stamp and to mail the order with a postal money order. The price quote was only good for a brief time and if the second time stamp was outside that period the order was no good and you had to repeat the process.</p><p><br /></p><p>One of the real reasons they don't sell directly to the public is because of the shear number of orders they would have to handle. Most stackers are "small time" and they don't buy multiple monster boxes. Probably most don't even buy rolls. My bet is most silver eagles get sold to people who come in once or twice a month to their local shop and buy one, two, or three silver eagles. If the mint let them do that on their website they would have to process (order package and ship) from 170 to 500 orders to sell a single monster box. It's just much more efficient for them to sell to a distributor who places minimum orders of 50 monster boxes at a time. 1 order for 50 boxes or 25,000 orders of a single coin. And back when it was first set up they didn't have a website, all the ordering was by snail mail.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 8024170, member: 66"]And the law is that way because they tried to do it the other way, selling directly to the public, when they were doing the US gold arts medallions in the early 80's before the gold and silver eagles were authorized. It was a real headache and a convoluted system for the ordering. You had to go to the post office to get an order blank and have it time stamped, then you had to go call a phone number to get the up to the mint price quote and fill that in on the form, then back to the post office for another time stamp and to mail the order with a postal money order. The price quote was only good for a brief time and if the second time stamp was outside that period the order was no good and you had to repeat the process. One of the real reasons they don't sell directly to the public is because of the shear number of orders they would have to handle. Most stackers are "small time" and they don't buy multiple monster boxes. Probably most don't even buy rolls. My bet is most silver eagles get sold to people who come in once or twice a month to their local shop and buy one, two, or three silver eagles. If the mint let them do that on their website they would have to process (order package and ship) from 170 to 500 orders to sell a single monster box. It's just much more efficient for them to sell to a distributor who places minimum orders of 50 monster boxes at a time. 1 order for 50 boxes or 25,000 orders of a single coin. And back when it was first set up they didn't have a website, all the ordering was by snail mail.[/QUOTE]
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Why does the U.S. mint not sell bullion coins to the public?
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