Firm sells $1.86 billion in gold to Mint

Coins ’N Things recently got the attention of Business Week.

Panning for gold these days may be fun, but probably isn't the best way to rack up the profits.

The Bridgewater, Mass., firm that started out as a coin shop, is now the largest seller of what the magazine called “raw gold” to the U.S. Mint.

Sales of gold to the Mint totaled $1.86 billion. It has sold the metal to the Mint for less than two years.

The article points out the firm competes against four other government-approved sellers and its source for the precious metal are various refiners, including the Canadian government.

While $1.86 billion is a large number, the firm says it keeps one-quarter of one percent, which works out to $4.65 million on the Mint business.

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Firm sells $1.86 billion in gold to Mint

Coins ’N Things recently got the attention of Business Week. The Bridgewater, Mass., firm that started out as a coin shop, is now the largest seller of what the magazine called “raw gold” to the U.S. Mint.

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More Coin Collecting Resources: