how to define "Low permium"?

A few sale trade mentioned their coins are "Low premium" bullion but priced at around 29-30 per one ounce, so i was wondering if we could make an exact definition about what price (or how many dollars/percentage above SPOT) should belong to "Low premium" bullion. in my view, with 6 or 7 dollar above spot per ounce should not be considered as "low premium" because that's almost 30% over spot. People may get confused when they seeing bullions sell at 30 per ounce under someone who claim their coins are "low premium". New stackers may deceived by that "low premium" as they thought they got some bargains. Therefore, i think we need come up a definition about "low premium bullion" to regulate sellers' behaviours. Thanks

 

I saw that too, a little confusing.

Low premium a loose term though.

 

I think the idea was that it was low premium but the price included postage.
I still don't understand how the pricing worked because it was more expensive to buy 2 than 1 lol ($30 inc postage +$1 extra for postage per piece).

 

Hard to define.

Like "rare".

 

I think you could argue in the most recent example the seller was selling 'low premium products' as the title suggested ie. Generic products not legal tender or semi-numi's. He never said he was selling it for a low premium price. Haha

 

I think you will find that the term only really applies when you go to sell it......

 

Technically the Lower (or early) Permian ranges from around 275 to 299 Million years ago

 

I believe that it has to be based on comparative premiums charged of the same coin/bar being sold by all others. I think we do get into problems when we look only at the single lowest premium charged because that seller may be selling that coin / item with little to no knowledge of its actual marketplace value.

So for example, if the lowest premium you found on a 1 oz 2008 Perth Mint silver bullion Lunar Mouse Series 1 was .79 cents over spot, then to say that a fair and honest low premium for this particular coin is USD $1.27 max over spot is not a good way to define "low premium". Instead, if we compare all recent selling prices and average them out, then we should be able to say that the spot prices that fell into the lowest 30% averaged out could define what a fair "low premium" actually is for that coin.

It has to be based on as many current sales as possible for it to mean anything fair.

 

I tend to buy from dealers who have the smallest bid/ask spread, "low premium" be damned.

 

Anything under $2.50/spot is low premium on the secondary market.

New stuff...is whatever GS charge on their low premium section...which is on special at the moment. Win!

 

Aahhh, you beat me to it Mr Claw.

back on topic, as was stated previously, a term related to branding is a better indication.... generic vs premium brands. But then i'm sure all businesses would like to consider their products as premium.

 

$40 for a 2012 Perth Mint Lunar Dragon could be considered low premium for 2012 Perth Mint Lunar Dragons but high premium in general.

Low premium is just a sales term and should be treated as such.

 

$27 and below is low premium

 

This is a high permium:

 

^^^^
That's an impressive hair

 

For mine it tops out at about $4 from a retailer for a 1oz product, and about $2.50 on a 10z, and about $3 on the secondary market for a 1oz and $2 for a 10z.

 

The sale thread that triggered this post also included shipping. It may have looked more attractive if it was $x + shipping. The extra $1 thing was just an oversight which was acknowledged.

 

Low premium = you are buying on the basis that resale value is metal content. Without possibility of specific coin or round gaining premium.

i.e ASE = low premium
PM Lunar = not

Regardless of where you bought it or how much you paid.

 

One man's trash is another's treasure. Things go in and out of favour. For this reason low premium in my books is the current price regardless of any future growth.