Mint officials explain new bulk program for dealers

The U.S. Mint ’ s decisiveness to offer improving to 10 % of the production of Proof 2021-W American Eagle, Reverse of 1986 silver dollars to dealers before their Feb. 11 cosmopolitan release created a firestorm among collectors who were shut out of obtaining any example from the Mint. The U.S. Mint issued a detail explanation March 19 of its new Authorized Bulk Purchase Program, which allows qualifying dealers to purchase blue-ribbon numismatic products before sales open to the general public .
The official announcement came weeks after Coin World had asked multiple questions associated with the broadcast .
Coin World first gear reported on the ABPP inaugural in its March 22 write out, after certified Proof 2021-W American Eagle, Reverse of 1986 silver dollars pedigreed to the program were offered on the Coin Vault cable television program.

In full, 18 qualifying dealers were accorded the opportunity to purchase, combined, up to 10 percentage of the overall output available, several days before sales opened to the general public Feb. 11 .

The ABPP buyers were able to pick up their early orders on Feb. 8, at the Mint ’ second contracted fulfillment center, PSFWeb, in Memphis Tennessee .
The ABPP dealers have to pay a 5 percentage bounty above the retail price listed for each choice numismatic product, plus the cost of picking up the intersection early .
The dealers were besides able to place orders for up to 25 individual Proof 2021-W American Eagle, Reverse of 1986 1-ounce $ 50 aureate coins and 45 four-coin sets before populace sales of those products opened March 11 .
Under an active embargo agreement, the ABPP buyers are only allowed to resell the early purchases “ on or after the Mint ’ s official on-sale date, time, and conditions, such as family order limitations, ” according to the Mint

“ This new program is structured to better meet market product handiness on the initial on sale date, by expanding the distribution of Mint products, ” according to Mint officials .
ABBP applicants must be active voice members in the Mint ’ s existing Numismatic Bulk Purchase Program ( NBPP ) in good resist for at least two years, have a biennial tax income median with the NBPP of at least $ 500,000 annually, and have a history of full conformity with the Mint ’ s excessive returns policy .
“ This newly program will help to enhance the distribution of numismatic Mint products as they go on sale, expanding handiness of our products by utilizing well-vetted business partners that have long-run relationships with the Mint ’ s Numismatic Programs, ” according to Mint officials. “ not all Mint products will be offered through this platform, and no more than 10 percentage of products with limit quantities will be distributed under this program .
“ No discounts will be given to ABPP members, and some products will carry a premium .
“ The products available through this broadcast will be distributed equally to Authorized Bulk members.

“ The Mint will not ship product to ABPP members, who must provide their own product security and enchant .
“ Pick-ups will be allowed three days anterior to the official on-sale date. ”
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