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#1 2012-05-16 22:54:15

anonmiss
Silver Stacker
From: South Australia
Registered: 2011-09-24
Posts: 650
Trades :   27 

please explaine

How come if i buy a 10oz coin from the perth mint it cost me $340 and i can get one from a site sponsor for around $318? How is it that the mint  that produces the coin has a higher sell price than a 'middle man' ie: a dealer. I'm not complaning i just don't get it, is there a reason that i'm missing?

'If your dream is good why not share it when the nights are cold.'

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#2 2012-05-16 23:08:53

footycard
Banned
Registered: 2012-04-24
Posts: 250
Trades :   2 

Re: please explaine

macadamia short breads are expensive, every coin you buy from the perth mint direct maintains the cookie jar levels in the boardroom.

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#3 2012-05-16 23:12:55

Captain Kookaburra
Platinum Sponsor
From: Melbourne
Registered: 2010-04-16
Posts: 3,934
Trades :   120 

Re: please explaine

We deliberately sell at a loss just to irritate them wink

Metal or Nothing ...... Fiats belong in garages, not money paper clips.

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#4 2012-05-16 23:23:57

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 3,788
Trades :   29 

Re: please explaine

something to do with the mint premiums being higher than the market will bear, and so when they're coins are sold at what the market perceives as fair value, an astute dealer can purchase and then resell at a reasonable premium.

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#5 2012-05-16 23:31:28

footycard
Banned
Registered: 2012-04-24
Posts: 250
Trades :   2 

Re: please explaine

so basically it seems, your either a collector buying 1 coin at a time, or a dealer buying bulk, there's no in between.
but that's good, someone needs to maintain the retail price, it works both ways, if a dealer buy them at wholesale and it turns megga popular and a $110 coin starts selling for $1100, perth mint will still maintain the $110 price, whereas dealers would take advantage of the rise and sell @ $1100

so neither are angels

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#6 2012-05-17 00:34:19

Bart
Member+
From: NSW
Registered: 2011-07-18
Posts: 129
Trades :   16 

Re: please explaine

It's probably like shops buying Coke from supermarkets rather than buying from Coke directly - It's always cheaper at woolies for some reason.

PM are producers, and might think it better to let others promote and distribute their stock..

Maybe the Mint shop is just a tourist attraction, and they set their price accordingly?

i dont get what you care, go build your own life. the government could take everything from them it wouldnt help you. you live the same either way. your life is about what you do, what you think, what you say. what they got or what ever the tax policy is has no impact. you gonna live and die by your actions. thats it player - baaaadbobby

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#7 2012-05-17 21:42:10

Water&Food
Banned
From: Away from this hell bent place
Registered: 2012-01-19
Posts: 2,375

Re: please explaine

bulk savings passed on to losers

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