Is There A Formula For What Dealers Generally Pay For Spot?

I just traded an American Silver Eagle Unc (common year) and received $14.50, which I added $1.50 to in order to buy a 2007 ASE. The prevailing rate I see is that dealers pay around spot plus $1 - 1.50 and sell at $3-4 over spot. Most dealers sell the 2007 ASE Unc for $16-$17.50, with outliers being volume dealers ($15.50 is the lowest I have seen if you purchase 1,000 from one precious metals dealer) and expensive hobby shops (which they show at $20 or $25 or even more).
This is just based on observation.

what does the term "spot" mean?

Spot as I understand the term is to mean what the current price per ounce of silver, gold, platinum etc is selling for on the market. If I'm wrong someone please correct me.

inacoffeebuzz
is really close on the price for ASE on the average. I know that my dealer Buy common date ASE at 1.00 under and sells for 2.00 over. But it also depend because some bullion dollar most all sell at different percentages. I also know I get around 90% of spot for most of my round or bars and they sell for a few cent above spot. Next time I go into the coin shot I will get some of the price diffence of each country.

you can only buy ASE from dealer the Mint only sells the Proof and the New Unc. ones but the that would be close to bullion price you would have to get form a dealer. But sometimes if you buy a grean monster which I beleave are 5000. coin then you cna get close to spot. I think your best bet is to try to buy your ASE when sliver is low and then sell when it goes higher. like two days ago would of been a good day to buy. when silver what closed at 12.24. it is very hard for use no dealer to get close to spot. My best sugestion would to find a dealer close to you and see if he changes his price daily with the change of spot. and then what for a low day and go in a buy some.

there is a link at the left side of the page where you cna check spot when ever you want.

In reality that question is almost funny. Kind of like asking if there is a realistic used car dealer. Coin dealers will offer you what they think you would part with something for and if you don't take that, they may go higher. I know many coin dealers and they would offer you a cent for a pound of Gold if you would take it. Example was a recent coin show I witnessed a person with a large bag of Mercury dimes talking to a dealer and overheard him saying I'll give you double face value sight unseen. The dumy took it. A coin dealer would just make you an offer for a lump of silver based on what you look like over what it is worth. Not intending to insult coin dealers but all the ones I've ever seen, known, talked to fall into the above catagory.
In the downtown area of Chicago on Wabash Street there is a building known for jewlry companies, stores, etc. I've gone through the place many times and talked to some of the people there just for the fun of something to do during lunch. They too would give you so much less than anything you think or have seen documented you'ld think you were being robbed.

The dealer I trade with gives me $0.20 below whatever Kitcosilver.com says when I come in (he calls that "spot"). He sells for $0.20 over "spot". Just the other day I was able to get close to $13 for 50 ounces I took in and just two days later it was hovering around $12.14! Go me!