Looking at the difference between spot and retail (inc premium) prices for bullion and coins, there is a big difference between gold and silver. Using Ainslie Bullion prices compared to spot, the premium on gold bullion blobs seems to be around 2.2%, whereas for silver it's 20%. Likewise for coins (non numismatics). For gold it's 4% but silver is 23%. Why is this? Has this always been the case?
I think it is pure volume based. The cost for die, design, labour etc all cost the same or similar but 100m silver coins being sold
The sale ratio is about 60:1 isn't it? Fairly roughly the GSR. Makes the $ earned per asset price about the same.
Exactly. Minting is a dollar cost per item, not a percentage vs spot price. As Topherclaus says, divide the premium by the GSR (about 60) and that should be roughly equivalent. (Not taking into account the different costs of minting gold vs silver)
