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All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

American Buffalo Wrong Weight

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just carl
Bedrock of the Community
United States
20753 Posts
 Posted 11/23/2014  6:31 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
The gold and silver coins are guaranteed in weight and fineness by the US mint. I dont always buy into guarantees, but this one I do.


The difference is due to the government requiring a profit on all the coins they make for collectors. Since they do not tax coins they make and sell, they just keep some of the metal.
This excess metal is compiled and the more they keep, the more of a bonus they get at the end of the year.
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Foxwoods Man
Pillar of the Community
Foxwoods Man's Avatar
United States
4901 Posts
 Posted 11/24/2014  07:11 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
Since they do not tax coins they make and sell, they just keep some of the metal.
This excess metal is compiled and the more they keep, the more of a bonus they get at the end of the year.


WOW!

I really hope THAT was said tongue in cheek...
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