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Silver Eagle Price?

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jbuck's Avatar
United States
189053 Posts
 Posted 03/04/2015  09:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
For those who do, it kind of bothers me that the Mint can force them to buy through a middleman. It's proof the Mint is under the control of business - why would they abdicate half their profit margin to benefit business otherwise? They sell everything else to the end user, and can't say they lack the capability.
The way I see it, they are outsourcing distribution of a high volume, low margin product.

For the record, I am not a bullion buyer/collector. I only have the one ASE in my 7070 and how it got to me does not matter.
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GR58's Avatar
United States
11951 Posts
 Posted 03/04/2015  12:25 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply

Quote:
The way I see it, they are outsourcing distribution of a high volume, low margin product.


I agree ...

If they were only sold by the mint, as single coins or rolls.
The price would be much higher.

There would be much more overhead.

Adding 10 to 30 million more coins to sell through
the mint store ... sounds like a nightmare.

The government is not suppose to compete with private businesses. They could not sell to
large volume dealers at a lower price, then sell to the public at a different price, through the mint store.
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