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- - Selling Silver to a Mint ? (http://goldismoney.info/forums/showthread.php?t=105454)

TonyG | 01-30-2007 11:31 AM
Selling Silver to a Mint ? Over in the Liberty Dollar articles, there was a report of a guy (merchant) who recieved the Liberties for spot price plus or minus some % and then took them off the street and sold them to a local mint for I think the same price as he gave. Question is: Are U.S. mints required to buy silver for spot price plus x percentage? Or do other mints typically buy silver at a said price? I'm just thinking that in tough times, a merchant could offer to take payment in goods for silver more easily if he knew that he could FRN's at a fair price. The Liberty dollars are denominated with too much profit allowed (IMO) but they are a good introduction to the process. Tony

Big_Rob | 01-31-2007 09:08 AM
Re: Selling Silver to a Mint ? Quote:
Originally Posted by TonyG (Post 492043) The Liberty dollars are denominated with too much profit allowed
Ive been saying that for years now.

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