Does the US Mint still offer bulk pricing discounts to full-time dealers?
Geoman
Posts: 2,491 ✭✭✭
Here is the link.
I was curious about this after seeing how little above US Mint pricing some dealers are offering the 2008 US Mint annual coin sets. Some are only pricing at $2 over US Mint prices. To me, this seems too small a margin to make it worth while - even if you do a large volume. Searching the past threads here at PCGS, I found one from 2006 that says the US Mint does offer a 5% discount to orders over $5,000 from the US Mint. The link is above. Is this program still in place?
I was curious about this after seeing how little above US Mint pricing some dealers are offering the 2008 US Mint annual coin sets. Some are only pricing at $2 over US Mint prices. To me, this seems too small a margin to make it worth while - even if you do a large volume. Searching the past threads here at PCGS, I found one from 2006 that says the US Mint does offer a 5% discount to orders over $5,000 from the US Mint. The link is above. Is this program still in place?
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Regular mint products do not apply. In other words, dealers pay $22.95 for their mint sets, the same as me, regardless of how many they purchase.
The name is LEE!
............or so goes the assumption..
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
i think it starts 5% for $5k min
<< <i>Here is the link.
I was curious about this after seeing how little above US Mint pricing some dealers are offering the 2008 US Mint annual coin sets. Some are only pricing at $2 over US Mint prices. To me, this seems too small a margin to make it worth while - even if you do a large volume. Searching the past threads here at PCGS, I found one from 2006 that says the US Mint does offer a 5% discount to orders over $5,000 from the US Mint. The link is above. Is this program still in place? >>
The program is still in effect. We have to buy a minimum of $5000 retail price of certain (most, but not all) products to get a discount of 5%. However, we have to pay 1% of the gross price as shipping, rather than the usual flat rate shipping, so in effect we get a 4% discount for volume.
Not enough to get rich on. We usually pool with two or three other dealers to make the minimum order, and then they pick up at our place or we drop off.
TD
<< <i>Bulk pricing is only applied to Silver and Gold Bullion.
Regular mint products do not apply. In other words, dealers pay $22.95 for their mint sets, the same as me, regardless of how many they purchase. >>
No bulk pricing on gold and silver bullion. The Mint sells in large lots to official distributors at flat rates, and then they sell to us at a markup.
TD
What is covered under the Bulk Pricing?
The name is LEE!
Mint Sets;
Proof gold and silver eagles (can't remember if platinum on there or not).
Not included are rolls and bags, burnished unc gold and silver, novelty items like prosperity sets, medals, etc.
TD