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Gold pricing question.

ajaanajaan Posts: 17,157 ✭✭✭✭✭
in Precious Metals

A local nationally known company is selling gold at these premiums. Are these the norm? TIA

Gold Eagle Price Formula
1oz Spot + 9.50%
1oz - 10+ Coins Spot + 9.00%
1/2 oz Spot + 27.50%
1/4 oz Spot + 38.00%
1/10 oz SOLD OUT

US Gold Buffalo Price Formula
1 oz Spot + 10.00%
1 oz - 10+ Coins Spot + 9.50%

Canadian Gold Price Formula
1 oz Maple Leaf 2023 Spot + 6.25%
1 oz Maple Leaf - 10+ Coins Spot + 6.00%
Maple 1/4 oz 2023 Spot + 28.50%
25g MapleGram Pack (.804 oz) Spot + 22.50%
1 oz RCM Bar Spot + $105.00
2023 Klondike 1oz .99999 Spot + 8.50%

Other Gold Price Formula
1 oz Krugerrand Spot + $108.00
1 oz Kangaroo Spot + $118.00
1 oz Perth Mint Bar SOLD OUT
1 oz Valcambi Bar Spot + $96.00
1 oz Misc Carded 1oz Bar SOLD OUT
Valcambi 1g Carded Bar (New) Melt + $24.00


DPOTD-3
'Emancipate yourselves from mental slavery'

CU #3245 B.N.A. #428


Don

Comments

  • Options
    percybpercyb Posts: 3,303 ✭✭✭

    Sounds about the norm. What outfit?

    "Poets are the unacknowledged legislators of the world." PBShelley
  • Options
    ajaanajaan Posts: 17,157 ✭✭✭✭✭

    @percyb said:
    Sounds about the norm. What outfit?

    Jack Hunt.


    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • Options
    percybpercyb Posts: 3,303 ✭✭✭

    Check APMex and Bullion Exchange sites for comps. Or other local dealers.

    "Poets are the unacknowledged legislators of the world." PBShelley
  • Options
    RobMRobM Posts: 544 ✭✭✭

    Just for comparison, my metro area bullion dealer with website listing their prices is currently right around +7% for a single AGE.

  • Options
    derrybderryb Posts: 36,328 ✭✭✭✭✭

    bullionexchanges.com is typically the lowest, I have done a lot of happy business with them. Pay wire xfer or ACH/echeck for best prices. Check their Sale page.

    The things I don’t always agree with are always worth considering.

  • Options
    Dug13Dug13 Posts: 236 ✭✭✭

    A large dealer near us is advertising AGE and Buffalos for roughly 5.25% over spot.

    Wall of HONOR transaction list:WonderCoin, CoinFlip, Masscrew, Travintiques, lordmarcovan, Jinx86, Gerard, ElKevvo

  • Options
    blitzdudeblitzdude Posts: 5,542 ✭✭✭✭✭

    Not normal at all. Normal times +3% for the "good" stuff, spot to spot -5% for the "liquid" stuff, spot - 10%+ for the "fantasy" 3rd party junk. Be patient, deals always come around, RGDS!

  • Options
    derrybderryb Posts: 36,328 ✭✭✭✭✭

    @blitzdude said:
    Not normal at all. Normal times +3% for the "good" stuff, spot to spot -5% for the "liquid" stuff, spot - 10%+ for the "fantasy" 3rd party junk. Be patient, deals always come around, RGDS!

    deals are measured using current price, not some good old days "normal" price. LOL

    The things I don’t always agree with are always worth considering.

  • Options
    jclovescoinsjclovescoins Posts: 1,853 ✭✭✭✭✭

    Look at their wholesale page. The premiums they are willing to pay are down substantially from just a couple months ago. They are selling gold eagles wholesale for only +3% so don't bury yourself at +10%

  • Options
    percybpercyb Posts: 3,303 ✭✭✭
    edited June 30, 2023 7:53AM

    @jclovescoins said:
    Look at their wholesale page. The premiums they are willing to pay are down substantially from just a couple months ago. They are selling gold eagles wholesale for only +3% so don't bury yourself at +10%

    Good advice. There’s more for sale than you can imagine so there’s no need to make hasty purchases. Shop around.

    "Poets are the unacknowledged legislators of the world." PBShelley
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    GoldFinger1969GoldFinger1969 Posts: 1,365 ✭✭✭✭

    I haven't bought in a while, but my LCS is usually about 3-4% over spot.

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