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Silver Eagles

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scmoore61's Avatar
United States
487 Posts
 Posted 04/12/2007  12:37 am Show Profile   Bookmark this topic Add scmoore61 to your friends list Get a Link to this Message Number of Subscribers
Is there web site to buy the monster box of silver dollars direct from the mint?
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Tykimeister's Avatar
United States
882 Posts
 Posted 04/12/2007  10:00 am  Show Profile   Bookmark this reply Add Tykimeister to your friends list Get a Link to this Reply
You can buy new American Silver Eagles from the mint. I'm not sure if there is a limit. Some times for the limited edition ones there are. But I'm sure you could buy the new 2007 American Silver Eagles by the roll from the mint. I don't think you can buy past years, they are all sold out.
Ty
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biokemist6's Avatar
United States
12437 Posts
 Posted 04/12/2007  10:25 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
You cannot buy green monsters, rolls, or individual American Eagle bullion coins from the US Mint, only through authorized dealers. The proof version and uncirculated version (W mintmark) are available directly from the US Mint but neither of these sell close to the melt value of silver as the bullion coins do.
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scmoore61's Avatar
United States
487 Posts
 Posted 04/13/2007  10:56 am  Show Profile   Bookmark this reply Add scmoore61 to your friends list Get a Link to this Reply
Any one know how to become an authorized dealer?
Pillar of the Community
United States
1203 Posts
 Posted 04/13/2007  11:24 am  Show Profile   Bookmark this reply Add OldDan to your friends list Get a Link to this Reply
scmoore61; there is really nothing to becoming an authorized dealer of ASE's if you have the money. All it takes is $50 mil in hand and be able to order at least 25,000 silver eagles at one time. They charge you the price of silver and add a premium of $1.25 to the cost of the coin. Right now that would be about $14.50 each. So make out your check for the $362,500 and you are on your way. IF you want to read this for yourself, here it is:http://www.usmint.gov/consumer/inde...ericanEagles
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biokemist6's Avatar
United States
12437 Posts
 Posted 04/13/2007  11:29 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Unless you already have a high volume bullion business, you do not have a chance to become an authorized dealer.

http://www.usmint.gov/consumer/inde...ericanEagles

To become a United States Mint Authorized Purchaser, your firm must meet the following financial and professional criteria, which must be attested to by an internationally accepted accounting firm.

* Be an experienced and established market-maker in gold/platinum and/or silver bullion coins.
* Provide a liquid two-way market for the coins.
* Be audited annually by an internationally-accepted accounted firm.
* Have an established broad base of retail customer base in which to distribute the coins.
* Have a tangible net worth of $50 million for Gold and Platinum Eagles, and $5 million for Silver Eagles. This requirement may be met using letter of credit.
* Have sold over 100,000 ounces of gold bullion coins over any twelve-month period since 1990. (This criterion is for becoming a United States Mint Authorized Purchaser of gold bullion.)

Premiums and Minimums

The United States Mint charges a modest preminum above the current market price of platinum, gold, and silver to cover minting, distribution and marketing costs.

* For the Silver Eagle, we charge the United States Mint's Authorized Purchasers the price of silver plus $1.25 per coin premium. Minimum ordering requirement is 25,000 coins.
* For the Gold Eagles, we charge 3%, 5%, 7% and 9% premiums for the one, one-half, one-quarter and one-tenth ounce coins respectively. Minimum ordering requirements are 1000 ounces.
* For the Platinum Eagles, we charge 4%, 6%, 10% and 15% premiums for the one, one-half, one-quarter and one-tenth ounces coins respectively. Minimum ordering requirements are 1000 ounces.

For further information, call Greg Hafner at (202) 354-7524. Or write:

United States Mint
Office of Manufacturing
ATTN: Bullion Coin Division
801 9th Street, NW
Washington, DC 20220
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Bryan1315's Avatar
United States
14454 Posts
 Posted 04/13/2007  11:51 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
the mint sells the green monsters to the bigger bullion dealers and then they distribute them to the smaller bullion dealers. You may be able to find a large bullion dealer and maybe just maybe if your lucky talk them into letting you buy one from them (which I doubt very seriously)but there is no chance of you becoming one of the larger bullion dealers that the mint sells the boxes to unless you have unlimited funds and have enough of a following to get rid of the ones that you are not really wanting for yourself to recoop your moneys fast enough before you have to file for chapter 11
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scmoore61's Avatar
United States
487 Posts
 Posted 04/13/2007  2:04 pm  Show Profile   Bookmark this reply Add scmoore61 to your friends list Get a Link to this Reply
Thanks everyone. What makes everyone think I don't have an extra $50,000,000 setting around?
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GO's Avatar
United States
6563 Posts
 Posted 04/13/2007  2:17 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
?Green Monsters?
Valued Member
scmoore61's Avatar
United States
487 Posts
 Posted 04/13/2007  2:23 pm  Show Profile   Bookmark this reply Add scmoore61 to your friends list Get a Link to this Reply
Green monster refers to the boxes that the walking liberties come in. 25 rools of 20 coins to the box.
Valued Member
United States
112 Posts
 Posted 04/13/2007  7:18 pm  Show Profile   Bookmark this reply Add gonefishin to your friends list Get a Link to this Reply
The yahoos at "The Vault" had green monster boxes and they were sealed but they had numbers written on the tape. They claimed that the numbers 1, 2, 3, 4 etc.... referred to the order in which the coins were produced. Does anyone know if the mint does things like that?
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trdhrdr007's Avatar
United States
2335 Posts
 Posted 04/13/2007  9:36 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list Get a Link to this Reply
I bought some silver eagles from a guy by the name of Hannes Tulving on the net several years ago(2000?). He had a 200 coin minimum, & I bought them in February right after the mint made that years supply available. I sold them back to him at the end of the year for a couple dollars more per coin than I paid. Worked out good for me, but it has been several years & I haven't dealt with him since.

Anyway, after reading this thread I checked out his web site to see if he was still around. He has year 2007 ASE's in the mint sealed box of 500 for $1.63/coin over spot, with a 500 coin minimum. His current price on other years, in mint tubes of 20, is $1.35/coin over spot with a 200 coin minimum.
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Conder101's Avatar
United States
17884 Posts
 Posted 04/18/2007  7:29 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
quote:
Does anyone know if the mint does things like that?

They don't.
Valued Member
United States
470 Posts
 Posted 04/20/2007  8:38 pm  Show Profile   Bookmark this reply Add Andrew289 to your friends list Get a Link to this Reply
It's relatively easy to get a green monster box but the best time to get them/order them is in January when they are first released. I get mine from a bullion dealer in Reno Nevada. He charges $65.00 shipping but it's heavy. I've put an unopened box back every year for a while now (since 2000). Wishing for the low mintage year and then bust out some 70's would be icing on the cake.
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