Is it reasonable for me to expect a consistent markup on a bullion coin (1oz. Gold eagle) in the same shop from week to week? What goes into the shop calculation of "their cost" over the spot price at the time of purchase? Thanks for your response in advance?
Whatever they want to put into it. I think much would depend on their turnover rate, how many coins they have to buy to get a good price and which direction they believe prices are trending. If they are seeing slow sales, if they have to buy a lot of coins at once to get a good price and they believe prices are trending down, they might raise their premiums.
some places do spot plus a certain amount (say $2) others do spot plus a certain percent (higher amount as spot goes up) some look at the customer before deciding what to charge. The amount of inventory can also change the price they will charge, running out it is higher, too much stock and it could drop a little.
