What,s a fair premium when selling gold bullion to a dealer ?

I found a local dealer in Columbia SC. Gold was going for 1858 per oz a couple weeks ago, when I sold 5 2017 MS70 oz to him. He gave me 20.00 over spot. I got 9,375.00 for 5 ounces. Then, someone told me I got ripped off, since they were MS70's. I told him they were MS70's and he said "That doesn't make a difference, they're just Bullion to me." What are your thoughts? Also, I was thinking about selling them on eBay, and I found out that you have to pay 13% back to eBay for the sale, so that would have been 1,170.00.

 

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JM is buying MS70 graded AGE for $1,836.46 right now. That's with gold at $1796/oz. What's that? Like $40ish difference above spot?

 

The dealer doesn't care about the grade. You got a fair price.

 

They only care about the grade when they turn around to sell it. Then they will up the price.
I agree that he got a decent price though. Hope he didn't pay MS70 prices for them though.

 

I bought an MS70 Proof last year at FUN and I recall the premium to spot gold was maybe $100 which really wasn't that bad.

I got my 1 ounce of gold...dealer made a few $$$....I got it slabbed.....it's a proof.....and it's a 70. All for $100.