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Why does the U.S. mint not sell bullion coins to the public?
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<p>[QUOTE="GDJMSP, post: 8062732, member: 112"]First of all, the primary advice I have forever and always given collectors is - collect what you like, there is no right or wrong to it. It is, always has been, and always will be a chocolate and vanilla thing. And if someone likes to collect bullion coins - more power to ya !</p><p><br /></p><p>But when it comes to buying bullion coins I'd have to ask a question. Does it make much sense to buy bullion coins in a 70 slab and pay a premium for them, when any day of the week you can buy one just like it, and every bit as nice, that isn't in a slab, without paying that premium ? </p><p><br /></p><p>As for the supposed value the 70 slab ads, take a bullion coin in one of those slabs to a 100 different coin dealers and see what they will offer you for that coin. The odds are beyond strong that a large percentage of them will tell you they don't even want the coin. And those who are willing to buy it, well they are going to offer a price somewhere around 10%, give or take a few percentage points, less than spot price - bullion value in other words.</p><p><br /></p><p>And if you don't like coin dealers offer the coin in a 70 slab to 100 different collectors. And you're gonna get basically the same response from them, and in the same numbers, that you got from the coin dealers.</p><p><br /></p><p>Now that's what actually happens, and it has been proved to happen time after time after time. But by all means, don't believe me, try it yourself and see for yourself.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 8062732, member: 112"]First of all, the primary advice I have forever and always given collectors is - collect what you like, there is no right or wrong to it. It is, always has been, and always will be a chocolate and vanilla thing. And if someone likes to collect bullion coins - more power to ya ! But when it comes to buying bullion coins I'd have to ask a question. Does it make much sense to buy bullion coins in a 70 slab and pay a premium for them, when any day of the week you can buy one just like it, and every bit as nice, that isn't in a slab, without paying that premium ? As for the supposed value the 70 slab ads, take a bullion coin in one of those slabs to a 100 different coin dealers and see what they will offer you for that coin. The odds are beyond strong that a large percentage of them will tell you they don't even want the coin. And those who are willing to buy it, well they are going to offer a price somewhere around 10%, give or take a few percentage points, less than spot price - bullion value in other words. And if you don't like coin dealers offer the coin in a 70 slab to 100 different collectors. And you're gonna get basically the same response from them, and in the same numbers, that you got from the coin dealers. Now that's what actually happens, and it has been proved to happen time after time after time. But by all means, don't believe me, try it yourself and see for yourself.[/QUOTE]
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Why does the U.S. mint not sell bullion coins to the public?
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