What is fair markup on ASE, Koala and Kook 1oz coins at $33AUD spot. Is an $11 premium ($44) fair markup? Obviously the more you buy from dealers the lower the markup. What do people think is fair markup?
A fair markup, is the highest markup at which the coins will ACTUALLY sell. It also depends on what else is available at the time ( 80 % ) and the perception of where the SPOT is headed short term ( 20 % ) so if your ase,koala, kook 1 oz coins cost $44 and 10 oz bars cost $380 and 1kg bars cost $1250, than i dont think that the 1 oz coins will sell at $44. imo
Silver dealers aren't exactly awash with product at the moment. Unfortunately it's not what's "fair", it's what the market will bear. So if you're shopping around and seeing $11 premiums, that's the market speaking. Dealers need turnover, very few can afford to just sit on the sidelines and wait out dips.
ABC Bullion are selling Koalas at $41 which represents an $8 markup. That appears to be the cheapest way to buy single ounces and all being equal, that's where I'm going next.
I am waiting on BB to reflect the new spot price in their retail prices this morning, they seem to be cheapest of all the dealers to grab coins from.
