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.
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.