Buy Sell Spread On Gold And Silver

Around the beginning of Covid I started buying foreign fractional gold for the next few years, along with a few US, these were all bullion. There was a feeling I think that gold will shoot up in price, but forward to mid of 2023 I stopped buying because prices wasn't affordable to me anymore, waiting for gold to reach $3,000 oz. before selling, may happen sometime this year?

I'm not sure about the spread, since I haven't sell for a while, this maybe interesting to see here...

I check in with my long time local B&M dealer to see if he's gotten anything interesting. The last time I was there he said he was paying the same for scrap as common MS gold slabs. The high price of gold has eliminated any premium.

That said, he has not been getting anything of numismatic interest. While the differences between bullion and common date MS are eliminated at current metals prices, numismatic pieces are not affected. They are scarcer than ever and there are no bargains. In the past year the only piece he had that I wanted was a raw 1877-CC Trade dollar.

There's a paucity of info on selling because it is so rarely done by members here.

The most valuable post I've seen on this forum was from the member who relayed his experience selling PM to complete a RE purchase. His caution was a wakeup call to all of us that it will never be quick and easy to mainstream PM holdings into the fiat currency system, particularly if it is a meaningful amount.

Although it varies slightly form time to time, the dealer I like, simply charges spot +$50 for 1 oz coins on buy side. Some are in nicer shape than others, but this doesn't seem to matter, just up to you to be as discerning as you want to be. Sell side is spot -$50 and it really doesn't matter the coin or even if it is slabbed. For my locality there is more desire for AGE and buffalos over everything else. And there may be more or less additional premium depending on supply at that moment.