Premiums?

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Have searched the forum and internet with no answers. I'm after a table of acceptable premuims to be paid for certain silver/gold coins/bars. I know this will vary per coin/mint/mintage etc but can't find anything. Ideas??? :/

Also is there a online calculator that works out the percentage over/under spot??? :rolleyes:
 
sconejon said:
calculator at the top of the page may be of some assistance
Click to expand...

To clarify: say there's an auction for pre decimal coins that will sell for 'near' on spot. I'm after a calculator that will work out that percentage under/over spot for that current spot price at that time. never seen one.

Thanks Scone
 
Seriously, the best I've found is to just look at some of the coin dealer websites (such as some of the sponsors on here). Their prices update in real time with spot price and you get a pretty idea what is a good price or not for comparison.

I'm assuming most dealers know what they're doing and are in the business of staying in business. :-)

Edit: Also the perth mint metal prices page conveniently lists all gold and silver in their different formats and weights.

So if you look at what they sell for, and buy back for, you have pretty much a good range to make an informed decision from.

http://www.perthmint.com.au/metalPrices.aspx
 
5% premium above spot is always good.
5% lower or higher on top of 5% is still acceptable.
Its a subjective assessment dependant on many things.
Cost of receivable,popularity at time of purchase,Numismatic rarity at purchase time,forecast collect ability,time in effort hours required to acquire PM's.
PM definition-Do you consider PM's a source of investment,savings vehicle or a hedge and then forecast time you will spend in the market.

REDBACK

No simple answer really excel 'Buy now Cry later'
 
PowPowCombo said:
sconejon said:
calculator at the top of the page may be of some assistance
Click to expand...

To clarify: say there's an auction for pre decimal coins that will sell for 'near' on spot. I'm after a calculator that will work out that percentage under/over spot for that current spot price at that time. never seen one.

Thanks Scone
Click to expand...

Im with you.. like a web browser add-on.. please someone build for say.. mozilla firefox.. (like a amazon postage calculator add-on)

cheers,

1for1
 
Hi PowPowCombo,

I've never seen any type of price table for bullion. Its subjective, if you want it badly enough you'll buy it.

My personal rule of thumb for buying silver is (including any shipping charge):

Bars - no more that 8% over spot. (5, 10 20 oz bars)

Government issue coins - no more than 17.5% over spot. (high premium - but I mainly buy Kooks).

Generic Rounds - no more that 12% over spot (Scottsdale, Buffalo etc )

Rounds I believe will have semi-numi potential (or stuff I like) - no more that 50% over spot (e.g. SBSS, RSC)

Numismatics / non 999 silver - never touch.

I'm sure others will have different opinions!.

SG.
 
..also the majority of my stack I try and keep in low premium silver.
60% in bars, 35% in rounds/coins and 5% semi-numi.

(thanks excel)!
 
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