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

Re: Selling Silver to a Mint ?
 

Ive been saying that for years now.