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Why does the US Mint price so HIGH ?
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<p>[QUOTE="Collecting Nut, post: 3591599, member: 74863"]The Mint must sell at a profit, therefore they must cover all of their production and distribution costs, which are high to begin with. Then add in the markup for their profit. They produce it so they set the price. Sometimes mintage limits are placed on the coin so the lower the mintage the higher the markup to cover the cost per coin. The after market will determine the real value.</p><p><br /></p><p>You can add in advertising and packaging costs as well. All costs are passed onto the buyer and once the coin is in the secondary market these costs no longer exist. It really doesn't matter what is minted onto the coin, in the secondary market it's just an ounce, a half ounce, etc. so the price is tied to the spot price.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 3591599, member: 74863"]The Mint must sell at a profit, therefore they must cover all of their production and distribution costs, which are high to begin with. Then add in the markup for their profit. They produce it so they set the price. Sometimes mintage limits are placed on the coin so the lower the mintage the higher the markup to cover the cost per coin. The after market will determine the real value. You can add in advertising and packaging costs as well. All costs are passed onto the buyer and once the coin is in the secondary market these costs no longer exist. It really doesn't matter what is minted onto the coin, in the secondary market it's just an ounce, a half ounce, etc. so the price is tied to the spot price.[/QUOTE]
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Why does the US Mint price so HIGH ?
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