Does the Mint sell coins at a DISCOUNT ???

MoneyLA

Help me out here folks...

On another website on their message board, someone wrote this:

"I had purchased thousands of the new presidential dollar coins at a small discount (1.5%) from the US Mint..."

IS THIS TRUE? Does the mint, or did the mint, sell these dollar coins at LESS than face value??

Or is this guy blowing smoke, or some other mind blowing substance? Thanks.

Type2

Not lower then face, They will give a discount but you will need to be a dealer for the US mint need a shop or BM and a resale # and get Aproved by the mint.

sinin1

guys buy at face w/ free shipping

they pay with their credit card
that gives them cash back (some cards 1 1/2%)


some people were asking about you on precious metals forum
they hoped you are alright as they have not heard from you for awhile



edited to add - some guys go after the free air milage cards
the mint 'limits' purchases but some buyers claim they have purchased over 1/2 million direct ship dollars with alias's

savoyspecial

Google the term 'Seigniorage' and you will have your answer

MoneyLA

let me ask the question again: is there a program thru the Mint where you can buy presidential dollars for 1.5% under face value??

itsnotjustme

Alan, to my knowledge no, the mint charges face value.

However, my credit card gives me 1 Delta Mile per dollar spent. I am happy to buy cash at face value and get a 1 mile. I have had offers for a credit card that will deposit 2% cash back into an IRA. I could view this as me buying at a 2% discount (even though the mint is selling at face value).