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Why don't the mint just sell bullion silver eagles directly to the public?
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<p>[QUOTE="Luke1988, post: 1008096, member: 26830"]This is from The Liberty Coin Act </p><p><br /></p><p>"The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dyes [<i>sic</i>], use of machinery, and overhead expenses)."</p><p><br /></p><p> It say's nothing about profits it just talks about breaking even, that sounds a lot like a public service to me.</p><p><br /></p><p><br /></p><p><br /></p><p>The Eagle are made to fill public demand, how many members of the public can afford to buy 25,000 Silver Eagles at a time? It sounds a lot like discrimination to me.</p><p><br /></p><p><br /></p><p><br /></p><p>As a American Citizen i think i do have a innate right to buy the bullion my government produces. Whats the point of the mint making the Silver Eagles at cost with zero profits of its own if any discounts the public might receive get lost in distribution?[/QUOTE]</p><p><br /></p>
[QUOTE="Luke1988, post: 1008096, member: 26830"]This is from The Liberty Coin Act "The Secretary shall sell the coins minted under subsection (e) to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dyes [[I]sic[/I]], use of machinery, and overhead expenses)." It say's nothing about profits it just talks about breaking even, that sounds a lot like a public service to me. The Eagle are made to fill public demand, how many members of the public can afford to buy 25,000 Silver Eagles at a time? It sounds a lot like discrimination to me. As a American Citizen i think i do have a innate right to buy the bullion my government produces. Whats the point of the mint making the Silver Eagles at cost with zero profits of its own if any discounts the public might receive get lost in distribution?[/QUOTE]
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Why don't the mint just sell bullion silver eagles directly to the public?
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