But,But the dealers have overhead! I don't think the dealers will like these conditions from the mint! ......1. Authorized Purchasers shall make available for sale to the public all 2010 America the Beautiful Silver Bullion Coins that they acquire. The intention of this condition is to ensure that all 2010 America the Beautiful Silver Bullion Coins minted and issued by the United States Mint are sold to the public.
2. Authorized Purchasers may charge to their customers a price no higher than ten percent above the price at which the Authorized Purchasers acquire 2010 America the Beautiful Silver Bullion Coins from the United States Mint. Authorized Purchasers may charge their customers a reasonable shipping and handling fee; however, Authorized Purchasers may not charge any other fee, premium, or other expense to their customers to circumvent this ten-percent markup limitation. The intention of this condition is to ensure that members of the public can obtain these coins at a reasonable and affordable purchase price.
3. Authorized Purchasers must establish and enforce an order limit of one coin of each design for each household. A household is defined as all persons of a family, or living as a family, at a single mailing address. The intention of this condition is to ensure the broadest and fairest public accessibility to 2010 America the Beautiful Silver Bullion Coins, which are limited-mintage United States Mint products.
4. Authorized Purchasers may not sell, either directly or indirectly, 2010 America the Beautiful Silver Bullion Coins to their officers or employees. The intention of this condition is to ensure that 2010 America the Beautiful Silver Bullion Coins are available to the public and that Authorized Purchaser officers and employees do not have an unfair advantage over members of the public.
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
So we can expect 10% above what the mint charged their distributors (supposedly $9.95 over spot)? Including a "reasonable shipping and handling fee". ?
<< <i>Their will be sales, at the appropriate mark up to secondary dealers ,who will have an
arrangement with the primary dealers, to split the unseemly secondary mark up. Of course
this is of questionable morality and probably as non legal as heck. So what else is gnew. >>
All coins are going to the public. Re-read the terms. The only way a dealer is going to get their hands on these is by ordering their own one-set-per-household, or buying them from the public. The dealers have been locked out.
I wonder what spot price the Mint is using for the do-over? Monday's London P.M.? Today"s London P.M.? Tomorrow's??????
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>Truly a clusterfox any way you slice it. The mint should have just learned its lesson and moved forward with a better idea on the next round. >>
This IS the better idea.........
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Shoulda just stuck a mint mark on them and sold them directly to the public.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Their will be sales, at the appropriate mark up to secondary dealers ,who will have an
arrangement with the primary dealers, to split the unseemly secondary mark up. Of course
this is of questionable morality and probably as non legal as heck. So what else is gnew. >>
Agree with the smart old bear. It's ironic that a bear is such an expert of human nature.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I wonder what spot price the Mint is using for the do-over? Monday's London P.M.? Today"s London P.M.? Tomorrow's??????
>>
Probably the same spot price they use when they sell ASE's what ever that is.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think the mint should sell all their products directly to the tax paying public instead of only a few "selected" dealers! Then we can sell them to the dealers ourselves
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
<< <i>I think the mint should sell all their products directly to the tax paying public instead of only a few "selected" dealers! Then we can sell them to the dealers ourselves >>
Not possible for the bullion..Congress made the rules & not the Mint.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Like others have said they should just sell directly to the public for fairness
How are they going the enforce the 10% markup? What happens when they start to buy them back from the public? How would they know where it came from. I think the dealers should be able to charge any amount they want and let the market decide.
<< <i>Like others have said they should just sell directly to the public for fairness
How are they going the enforce the 10% markup? What happens when they start to buy them back from the public? How would they know where it came from. I think the dealers should be able to charge any amount they want and let the market decide. >>
I'd like to see it on all bullion. $3-4 oz premium on ASE's is way to much IMHO
<< <i>Like others have said they should just sell directly to the public for fairness
How are they going the enforce the 10% markup? What happens when they start to buy them back from the public? How would they know where it came from. I think the dealers should be able to charge any amount they want and let the market decide. >>
And dealers WOULD be able to charge any amount they want had this been a fair and equitable dispersion of coins. Even the U.S. mint has conceded that its not fair...hence the new rules.
Comments
2. Authorized Purchasers may charge to their customers a price no higher than ten percent above the price at which the Authorized Purchasers acquire 2010 America the Beautiful Silver Bullion Coins from the United States Mint. Authorized Purchasers may charge their customers a reasonable shipping and handling fee; however, Authorized Purchasers may not charge any other fee, premium, or other expense to their customers to circumvent this ten-percent markup limitation. The intention of this condition is to ensure that members of the public can obtain these coins at a reasonable and affordable purchase price.
3. Authorized Purchasers must establish and enforce an order limit of one coin of each design for each household. A household is defined as all persons of a family, or living as a family, at a single mailing address. The intention of this condition is to ensure the broadest and fairest public accessibility to 2010 America the Beautiful Silver Bullion Coins, which are limited-mintage United States Mint products.
4. Authorized Purchasers may not sell, either directly or indirectly, 2010 America the Beautiful Silver Bullion Coins to their officers or employees. The intention of this condition is to ensure that 2010 America the Beautiful Silver Bullion Coins are available to the public and that Authorized Purchaser officers and employees do not have an unfair advantage over members of the public.
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
arrangement with the primary dealers, to split the unseemly secondary mark up. Of course
this is of questionable morality and probably as non legal as heck. So what else is gnew.
Camelot
Click on this link to see my ebay listings.
<< <i>Their will be sales, at the appropriate mark up to secondary dealers ,who will have an
arrangement with the primary dealers, to split the unseemly secondary mark up. Of course
this is of questionable morality and probably as non legal as heck. So what else is gnew. >>
All coins are going to the public. Re-read the terms. The only way a dealer is going to get their hands on these is by ordering their own one-set-per-household, or buying them from the public. The dealers have been locked out.
Loves me some shiny!
<< <i>I just hope APMEX honors the "previous orders" with 1 set so I can avoid another order! >>
--Severian the Lame
--Severian the Lame
<< <i>Truly a clusterfox any way you slice it. The mint should have just learned its lesson and moved forward with a better idea on the next round. >>
This IS the better idea.........
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Their will be sales, at the appropriate mark up to secondary dealers ,who will have an
arrangement with the primary dealers, to split the unseemly secondary mark up. Of course
this is of questionable morality and probably as non legal as heck. So what else is gnew. >>
Agree with the smart old bear. It's ironic that a bear is such an expert of human nature.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I wonder what spot price the Mint is using for the do-over? Monday's London P.M.? Today"s London P.M.? Tomorrow's??????
>>
Probably the same spot price they use when they sell ASE's what ever that is.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>I think the mint should sell all their products directly to the tax paying public instead of only a few "selected" dealers! Then we can sell them to the dealers ourselves >>
Not possible for the bullion..Congress made the rules & not the Mint.
How are they going the enforce the 10% markup? What happens when they start to buy them back from the public? How would they know where it came from. I think the dealers should be able to charge any amount they want and let the market decide.
<< <i>Like others have said they should just sell directly to the public for fairness
How are they going the enforce the 10% markup? What happens when they start to buy them back from the public? How would they know where it came from. I think the dealers should be able to charge any amount they want and let the market decide. >>
I'd like to see it on all bullion. $3-4 oz premium on ASE's is way to much IMHO
<< <i>Like others have said they should just sell directly to the public for fairness
How are they going the enforce the 10% markup? What happens when they start to buy them back from the public? How would they know where it came from. I think the dealers should be able to charge any amount they want and let the market decide. >>
And dealers WOULD be able to charge any amount they want had this been a fair and equitable dispersion of coins. Even the U.S. mint has conceded that its not fair...hence the new rules.
something tomorrow? How about Monday?
We'll see.
bob