Why Aren't Bullion Coins Sold Directly From The Mint?

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Author	Replies: 6 / Views: 1,654
TheForce Pillar of the Community United States 4870 Posts	Posted 06/02/2017 11:57 am Why aren't bullion silver eagles and silver maples sold directly from their respective mints while their gold counterparts are? Would the premiums be any lower buying direct from the mint rather than buying from JM Bullion, AMPEX, or MCM? Wouldn't cutting out the middle man reduce costs to the buyer? Report this Post to the Staff

Bump111 Pillar of the Community United States 3327 Posts	Posted 06/02/2017 12:56 pm That is a question that has been pondered many times on many different sites. I suspect that it has something to do with distribution capabilities of the USM and/or some obscure law somewhere in governmental codec. An interesting article on this can be found here: https://www.buysilver.org/government/ "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 06/02/2017 1:31 pm Assuming the metal market is equal from the time the eagles are purchased, then sold, the premium is a minimum of $2. I wouldn't want to make the required investment with such a narrow margin potential. Report this Post to the Staff
dollarcoinman Valued Member 51 Posts	Posted 06/02/2017 1:54 pm Bump111 to the community. Thanks for the link to buysilver place. Report this Post to the Staff
TheForce Pillar of the Community United States 4870 Posts	Posted 06/02/2017 4:37 pm Often times I see much lower premiums on the SML in comparison to the ASE. One would have thought domestic silver would be cheaper. Report this Post to the Staff
Bump111 Pillar of the Community United States 3327 Posts	Posted 06/02/2017 7:07 pm "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 06/02/2017 7:32 pm Cutting out the middle man would reduce costs to the buyer, but not the seller! Report this Post to the Staff
	Replies: 6 / Views: 1,654

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