Mint Halts Sale Of 5 Oz Silver. - Page 2

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Author	Replies: 23 / Views: 6,453	Page: of 2

Conder101 Bedrock of the Community United States 17884 Posts	Posted 12/09/2010 1:14 pm Quote: Hey, I've an idea -- abandon this ridiculous distribution system and, you know, SELL TO THE PUBLIC. Join the 21st century then sell directly through your website. Sure, go talk to your Congressmen and Senators and se if you can get new legislation introduced and passed by both the House and the Senat and signed into law to allow them to do that. Better hurry you only have about two weeks to get it done. Quote: They can mint them in december 500,000 release/sell all next in 2011 year for the 2010 they still have the 09 Territories quarters for sale on there website her almost a year later Except the law that authorized the hockey puck says they have to be sold during the year that the circulating quarters they are copies of are released. So the 2010 hockey pucks can't be sold after Dec 31st. The Territories quarters didn't have that restriction. Quote: I do not see how that changes what has already transpired / known facts. Well it's just that if you are going to pull the license of the one that gouged the least you're going to have to pull the licenses of all the others as well. Now you have no distributors and the law requires you to sell through the distributors. So once again you can't sell them. Oh and as a secondary effect, since you now have no distributors that also means no bullion gold, silver, or platinum eagles either. Edited by Conder101 12/09/2010 1:16 pm Report this Post to the Staff
BluesZone Pillar of the Community United States 524 Posts	Posted 12/09/2010 5:25 pm Update: New Rules 12/9/10 http://news.coinupdate.com/us-mint-...bution-0572/ Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 12/09/2010 5:34 pm I am so very glad that I have no interest at all in these. I like my quarter dollars to be quarter-dollar-sized. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
RPT Pillar of the Community United States 920 Posts	Posted 12/09/2010 5:43 pm Do the new rules make all the presales void? Report this Post to the Staff
Ceylon62 Pillar of the Community United States 1285 Posts	Posted 12/10/2010 06:32 am Quote: The "fine print" on being authorized US mint dealer is to maintain a fluid market with a "minimal" bid ask spread (something like 5%). I had brought this point (Fine Print) up on my original reply to this post and is a worthwhile read on what the mint HAS to say on the re release of these coins. Report this Post to the Staff
Ceylon62 Pillar of the Community United States 1285 Posts	Posted 12/10/2010 06:39 am Conder, In this day and age of with computers and technology a lot CO's are getting rid of the middle man so to say and moving forward. Yes, selling the large quantities on bullion would be tough but the Mint can / should be able to sell directly to the public if they choose to. The law would have to be changed and it's not a big deal. No matter what anyone says as what happened was witnessed by a few thousand folks who followed it closely. Situation like this will prompt legislators to change the legislation. Edited by Ceylon62 12/10/2010 06:42 am Report this Post to the Staff
coppertop5150 Pillar of the Community United States 958 Posts	Posted 12/10/2010 09:10 am eazy solution , the u.s mint hires a processing company to handle the orders and shipping or exapnd the one they already have Report this Post to the Staff
clairhardesty Pillar of the Community United States 1027 Posts	Posted 12/10/2010 10:21 am The mint already farms out all order processing and fulfillment. Pitney-Bowes Government Services (PBGS) warehouses the products, and takes orders and ships the products that the mint sells directly to the public. They started early last year and were the source of the fulfillment fiasco on the UHRDE. They have improved only marginally since then and after almost two years on what is believed to be a five year contract, I don't see them getting any better at what they do anytime soon. One would think that a for profit company that specializes in order fulfillment could ship from stock in a day or two, not the week or two that PBGS currently strives to achieve. Report this Post to the Staff
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