The reason for this is the fact that dealers charge markups and the dealer also has a buy price and sell price spread.
Buy gold coins at spot price.
Generally the buy back gold coin price what a dealer is buying the coin at hovers at or just above the fluctuating live spot price of gold.
Almost all products on sd bullion operate on a spot price plus the product premium also referred to as over spot formula to determine the final price.
Gold coins are commonly issued in 1 ounce but many also have fractional sizes of 1 20 oz to 1 2 oz.
Typically the asking gold coin price what a dealer is selling the gold coin at hovers a few percentage points above the live spot price of gold.
You can however buy gold as close to spot as possible by keeping the following tips in mind.
Gold bullion bars gold bars come in a variety of sizes from 1 2 gram to 1 kilo or more and every size in between.
And money metals exchange certainly offers you to buy gold bullion coins for cheap.
Live market prices when it comes to purchasing or selling bullion the market value for gold also referred to as spot price is the basis for all pricing.
The gold coin price will vary from coin to coin and fluctuation with the spot price of gold.
Can you buy gold at spot price.
Pick the right gold product for your goals.
Gold coin prices will fluctuate with the spot price of gold and our selection includes gold coins for all budget levels.
Why buy gold coins.
Buyers of gold and silver can however try to buy their bullion or coins for as close to the spot price as possible.
The most commonly traded gold bars.
Gold bullion bars are available not only in the aforementioned weights but also styles including cast hand poured and minted ingots.
As we mentioned before buying gold coins or bars at spot price is like trying to buy a house for just the cost of the raw materials.
The reality is that under normal circumstances gold and silver cannot be bought at the spot price.
Gold bullion bars have lower premiums over the spot price of gold when compared to gold bullion coins and the variety of options is far more diverse.
Apmex has an extensive selection of gold coins.
We occasionally purchase gold from customers or wholesalers that is highly scuffed or somewhat odd.
We make it easy to buy gold no need to search high and low for where to buy gold our website allows you to search by series or mint to find the gold coin you re looking for.