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Wanna Be A Mint Authorized Bullion Dealer?

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Pillar of the Community

United States
2724 Posts
 Posted 08/16/2005  11:32 am Show Profile   Bookmark this topic Add national dealer to your friends list Get a Link to this Message Number of Subscribers
Check out these minimum requirements.

American Eagle Bullion Coins

Congressionally authorized, American Eagle Bullion Coins are minted by the United States Mint. They are intended to provide investors with a convenient and cost-effective way to invest in precious metals. Since their launch, American Eagles have become the world's number one bullion coin investment products.

Prices for American Eagles are based on the prevailing price of platinum, gold, and silver, plus a modest premium. Prices may change on a daily basis, as the platinum, gold, and silver markets fluctuate. The United States Mint does not sell its bullion coins directly to the public. Instead, the United States Mint distributes the coins in bulk, through a network of official distributors called Authorized Purchasers who, in turn, sell them to secondary retailers.

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.
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rggoodie's Avatar
United States
23478 Posts
 Posted 08/17/2005  08:24 am  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
ND
Do they accept "Plastic"
rggoodie
aka Richard
"catch em doing something right"
Valued Member
United States
146 Posts
 Posted 08/17/2005  9:33 pm  Show Profile   Bookmark this reply Add robocp to your friends list Get a Link to this Reply
Just 50 million net worth,
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