What is the Fair Premium Above Spot for Fractional AGEs
Planchet
Posts: 294
Two local B&M have suppy of fractional eagles. One quoted 20% above spot for 1/10 oz and the other quoted $24 above spot for each one. Is that the going rate these days? What premium is typical or fair for fractional 1/4 and 1/10 eagles?
Planchet
Planchet
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<< <i>Two local B&M have suppy of fractional eagles. One quoted 20% above spot for 1/10 oz and the other quoted $24 above spot for each one. Is that the going rate these days? What premium is typical or fair for fractional 1/4 and 1/10 eagles?
Planchet >>
In this market, everything is high priced. The +$24 sounds about right on a 1/10 eagle.
We spoke with one of the bullion houses today about product availability, and he happened to have some British sovereigns that were +$24 to us. We used to sell them retail at +$8.
TD