How can this be?

Comments

• LanLord Posts: 11,723 ✭✭✭✭✭

  September 23, 2007 11:12PM

  Is the one from the mint the one with the W mintmark on it?

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• ModernCrapNut Posts: 2,086 ✭

  September 23, 2007 11:14PM

  The coin on ebay is the bullion ASE, not the burnished die with the West Point mint mark.

  
  
  

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• AskRaq Posts: 2,303

  September 23, 2007 11:17PM

  
  
  << <i>The coin on ebay is the bullion ASE, not the burnished die with the West Point mint mark. >>
  
  
  
  
  Thanks, I didn't know there was a difference?? How come those are not listed at the Mint's site too?

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• Keyrock Posts: 961 ✭

  September 23, 2007 11:19PM

  I beleive the Mint establishes relationships with bulk purchasers/distributors for reduced cost. That discount may cover the gap in expenses.

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• 19Lyds Posts: 26,492 ✭✭✭✭

  September 24, 2007 12:23AM

  Not on the 2007-W SAE! From this page.
  
  Consumer Alerts and Business Guidelines Printer Friendly
  
  American Eagle Bullion Coins
  
  Congressionally authorized, American Eagle Bullion Coins are minted by the United States Mint. They are intended to provide investors with a convenient and cost-effective way to invest in precious metals. Since their launch, American Eagles have become the world's number one bullion coin investment products.
  
  Prices for American Eagles are based on the prevailing price of platinum, gold, and silver, plus a modest premium. Prices may change on a daily basis, as the platinum, gold, and silver markets fluctuate. The United States Mint does not sell its bullion coins directly to the public. Instead, the United States Mint distributes the coins in bulk, through a network of official distributors called Authorized Purchasers who, in turn, sell them to secondary retailers.
  
  To become a United States Mint Authorized Purchaser, your firm must meet the following financial and professional criteria, which must be attested to by an internationally accepted accounting firm.
  
  Be an experienced and established market-maker in gold/platinum and/or silver bullion coins.
  Provide a liquid two-way market for the coins.
  Be audited annually by an internationally-accepted accounted firm.
  Have an established broad base of retail customer base in which to distribute the coins.
  Have a tangible net worth of $50 million for Gold and Platinum Eagles, and $5 million for Silver Eagles. This requirement may be met using letter of credit.
  Have sold over 100,000 ounces of gold bullion coins over any twelve-month period since 1990. (This criterion is for becoming a United States Mint Authorized Purchaser of gold bullion.)
  Premiums and Minimums
  The United States Mint charges a modest preminum above the current market price of platinum, gold, and silver to cover minting, distribution and marketing costs.
  
  For the Silver Eagle, we charge the United States Mint's Authorized Purchasers the price of silver plus $1.25 per coin premium. Minimum ordering requirement is 25,000 coins.
  For the Gold Eagles, we charge 3%, 5%, 7% and 9% premiums for the one, one-half, one-quarter and one-tenth ounce coins respectively. Minimum ordering requirements are 1000 ounces.
  For the Platinum Eagles, we charge 4%, 6%, 10% and 15% premiums for the one, one-half, one-quarter and one-tenth ounces coins respectively. Minimum ordering requirements are 1000 ounces.
  For further information, call Greg Hafner at (202) 354-7524. Or write:
  
  United States Mint
  Office of Manufacturing
  ATTN: Bullion Coin Division
  801 9th Street, NW
  Washington, DC 20220
  
  This program is ONLY for the Bullion Eagle Coins and does not include any other mint product.

  I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
  
  
  
  The name is LEE!

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