The following is a Press Release from the United States Mint announcing a new Authorized Bulk Purchase program that goes into effect immediately. The new program allows Authorized Bulk Purchase Program (ABPP) purchasers to buy a limited number of numismatic products prior to their release date. The idea is to limit the number that can be purchased, making sure the general public can have a chance to purchase these products when they go on sale.
The United States Mint (Mint) is committed to improving the distribution of our Numismatic coin products. As part of this ongoing effort, the Mint has established a new Authorized Bulk Purchase Program (ABPP), which permits qualifying bulk purchasers to purchase a limited number of numismatic Mint products prior to their official on-sale date under an active embargo agreement allowing their resale only on or after the Mint’s official on-sale date, time, and conditions, such as household order limitations. This new program is structured to better meet marketplace product availability on the initial on sale date by expanding the distribution of Mint products.
United States Mint Authorized Bulk Purchase Program applicants must be active members in the Mint’s existing Numismatic Bulk Purchase Program (NBPP) in good standing for at least two years, have a two-year revenue average with the NBPP of at least $500,000 annually, and have a history of full compliance with the Mint’s excessive returns policy.
This new program will help to enhance the distribution of numismatic Mint products as they go on sale, expanding availability of our products by utilizing well vetted business partners that have long-term relationships with the Mint’s Numismatic Programs. Not all Mint products will be offered through this program, and no more than 10% of products with limited 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 program 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 transport. Pick-ups will be allowed three days prior to the official on-sale date.
About the United States Mint
Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers.ADDITIONAL RESOURCES:
- For information about the Authorized Bulk Purchase Program, please visit https://catalog.usmint.gov/bulk-purchase-program-landing.html.
- Visit https://www.usmint.gov/about for information about the United States Mint.
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