• seperator

Firm sells $1.86 billion in gold to Mint

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

Gold Rush: How to Collect, Invest and Profit with Gold Coins

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.

More Coin Collecting Resources:

State Quarters Deluxe Folder By Warmans

• Subscribe to our Coin Price Guide, buy Coin Books Coin Folders and join the NumisMaster VIP Program

Strike It Rich with Pocket Change, 2nd Edition

Tags: . Bookmark the permalink.

Leave a Reply