U.S. Mint Mark-up

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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U.S. Mint Mark-up

Post by dualstow »

The U.S. Mint makes a pretty penny selling gold and silver coins. But there are two sides to the deal, which some investors are calling highway robbery.

After years of making pennies and nickels that cost more to produce than they are worth, the Treasury Department is making a mint off (proof coins).
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The government currently is selling the gold-coin proofs at a 25% markup over per-ounce gold prices, a premium that can run as high as $360 per coin. The silver coins carry a more than 200% premium over market silver prices.
https://www.wsj.com/articles/u-s-mints- ... 1511720285
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boglerdude
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Re: U.S. Mint Mark-up

Post by boglerdude »

And you cant unsubscribe from their email list
Libertarian666
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Re: U.S. Mint Mark-up

Post by Libertarian666 »

Proof coins have always been marked up as far as I know, as they are for collectors.

I have bought a couple of collector's coins from the Mint, because they are beautiful. Of course I wouldn't make them a significant part of my portfolio.
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dualstow
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Re: U.S. Mint Mark-up

Post by dualstow »

Naughty unscrupulous dealers.
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