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Replies: 865 / Views: 83,116 |
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Pillar of the Community
United States
1406 Posts |
They really cant charge too much more then they let the bullion people sell them for which was like 10% over spot if I remember correctly. Can you imagine the uproar from the bullion people if the were to 'profiteer' from there own release! Now they will have a 'special finish' and a fancy box so I could be all wrong.
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Valued Member
United States
442 Posts |
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Bedrock of the Community
United States
17884 Posts |
Quote: They really cant charge too much more then they let the bullion people sell them for which was like 10% over spot if I remember correctly. Sure they can. Like I said look at the percentage mark up of the W unc or the proof ASE's over the bullion versions that the distributors sell. The mint gets that mark up because they are "collectors" version and not just bullion. Same thing goes for the "collectors" version of the hockey pucks.
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Valued Member
United States
183 Posts |
mint usually seems to have high mark ups on everything they sell directly. anyone know how many collectors sets they will make for 2010 coins? I think it was 33,000 sets of bullion ones.
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Pillar of the Community
United States
4000 Posts |
I finally got to see them first hand at the F.U.N. show and I wasn't impressed. They are way too gawdy. I won't be collecting them, especially at those prices.
The ones that I seen where in NGC holders and were the size of a cherrypicker's guide! How in the world would you store them?
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Valued Member
United States
442 Posts |
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Bedrock of the Community
United States
10982 Posts |
Thanks parkquarters. A-Mark Precious Metals is starting online sales on Tuesday, 01/18/2011, at 10:00am PT. http://www.amark.com/
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Valued Member
United States
442 Posts |
A-Mark Precious Metals (Los Angeles) Gold, Silver, Platinum Coins 'N Things (Massachusetts) Gold, Silver, Platinum MTB (New York) Gold, Silver Platinum Scotia Mocatta (New York) Gold, Silver, Platinum American Precious Metals Exchange, Inc. (Oklahaoma) Silver Dillon Gage Incorporated of Dallas (Texas) Silver Prudential Securities Inc. (New York) Gold, Silver, Platinum The Gold Center (Illinois) Silver Jack Hunt Coin Broker (New York) Silver Commerzbank (New York) Gold, Silver Fidelitrade (Delaware) Silver Quote: Not Selling
Commerzbank (New York) Gold, Silver Scotia Mocatta (New York) Gold, Silver, Platinum
http://www.coinzine.net/2010/12/fir...-purchasers/http://mintnewsblog.blogspot.com/20...er-list.html 
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Pillar of the Community
United States
1406 Posts |
This is really interesting. I feel like it's a horse race now. Who can get them in their hands the fastest and onto ebay first before the price drops!
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Valued Member
United States
442 Posts |
Check the edge lettering before you send yours in to be graded there was a report of someone finding a variety error that one coin will trump all others in value ! 
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Valued Member
United States
171 Posts |
I don't have a problem with the prices they are fetching. I do, however, take exception to the "monopoly" that these AP's have on the mint. What if the mint actually thought about turning a profit and sold directly to the public? They could actually become (gulp) a profitable and efficient government entity!
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Pillar of the Community
United States
1406 Posts |
They are already the only government agency that turns a profit and they are already planning on releasing collector versions to the public so...your fears have been realized bluemule!
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Valued Member
United States
442 Posts |
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Bedrock of the Community
United States
14454 Posts |
Quote: The ones that I seen where in NGC holders and were the size of a cherrypicker's guide! How in the world would you store them? For those of you that hasn't seen them, here is a picture from CoinWorld that shows just how big they are 
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Bedrock of the Community
United States
17884 Posts |
Quote: I do, however, take exception to the "monopoly" that these AP's have on the mint. What if the mint actually thought about turning a profit and sold directly to the public? The AP's wer set up back in 1986 for selling the bullion eagles. Thy wanted the coins to have the widest possible distribution and the lowest possible cost. The idea of trying the have the mint handle the hundreds of thousands of orders with th constantly changing prices would have been a nightmare. (Don't believe me look at the 1 oz and 1/2 oz gold arts medallions the mint sold from 1980 - 1984. It was horrible.) And anyone who wants to become an AP may do so, all you have to do is meet the requirements. As for the AP's having a monopoly on the hockey pucks, th mint had nothing to do with that. It was written into the law that the AP's would do the distribution. One of the things that caused problems was the mint dragging their feet on the project, and then their last minute decision to divert half the first years production into the "collectors" version that they could sell at a high profit (without legal authorization in my opinion.) So the high price of these sets is BECAUSE "the mint actually thought about turning a profit and sold directly to the public".
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Replies: 865 / Views: 83,116 |