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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Gold Markup

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Author Previous TopicReplies: 3 / Views: 1,421Next Topic  
h1cks
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United States
66 Posts
 Posted 12/20/2013  7:04 pm Show Profile   Bookmark this topic Add h1cks to your friends list Get a Link to this Message Number of Subscribers

I am wanting to purchase a few gold coins (bullion), and don't really care if they are American Eagles, Buffaloes, Maple Leafs, etc. Just looking to pick up some gold, stash it in the safe deposit box and leave it there for the next 10 years. What is the expected markup for gold bullion per Troy Oz at a coin or gold exchange shop? If I buy 10 coins or more should I expect a discount?

zxcccxz
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Canada
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 Posted 12/20/2013  7:18 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Ya you should expect a discount if you buy 5 or more. For a common, normal, upgraded issue. I'd say $40 for a 1oz round.
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mkman123
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 Posted 12/20/2013  7:36 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
yes there is a markup called a "premium". Usually the smaller the denom, the higher it is.
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westernsky
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 Posted 12/20/2013  7:47 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Work with your local dealer if possible or at least shop around to get the best deal. Always insist on immediate delivery. The more you buy the lower the markup.
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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