Dealers Discount - Coin Community Forum

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Author	Replies: 5 / Views: 960
toolhand New Member United States 12 Posts	Posted 08/10/2008 1:38 pm I know that you can only buy gold or silver bullion from a dealer for a mark up over spot price. The question I have is about the minted coins that are sold at the US Mint. Can a dealer purchase these coins or for that matter any coins at a discount under the price offered at the mint web site to the general public? Report this Post to the Staff

InfiniteInterest Pillar of the Community United States 673 Posts	Posted 08/10/2008 3:46 pm No, the mint does not discount anything that I know of to a dealer. The only thing they get a break on is Unc Silver Eagles, they pay a certain amount over spot silver for those I believe. The advantage they have I think is that shipping is only 4.95 no matter what the order (I could be wrong on this) Which means they can mark up the price 5 bucks and be selling at basically what the mint sells them for with shipping. So, you order one Proof set and pay about 32 dollars with shipping- or go to the dealer and pay about that and get to maybe pick out your set. I prefer to give my dealer the extra cash personally. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 08/11/2008 05:16 am There have been times when the mint offered quantity prices on proof sets, but I don't think they've done that for about ten years now. Unless the rules have changed, no conventional coin dealer has sufficient net worth to buy gold eagles direct. Report this Post to the Staff
eaglefoot Pillar of the Community United States 6326 Posts	Posted 08/11/2008 4:19 pm It's all about the most money ......bottom line ! And this is how the Mint can make the most money I guess..... Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 08/11/2008 4:48 pm Let them make their money. I will get most of my coins for face value! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 08/14/2008 9:48 pm I know the Mint does not give discounts to any one for anything but I don't see why not. You would think that they would appreciate very large orders so they could work lots and lots of OT. The larger the order, the bigger the discount. It's not like they have anything to loose you know. Guess who pays for all their stuff, wages, life insurance, health insurance, vacations and even the pens and pencils they steal from work? If they did give discounts and they ran out of money, they could do as the government always does, raise taxes. Report this Post to the Staff
	Replies: 5 / Views: 960

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