Incredible Buyback Prices @ Goldmart

I was just browsing Goldmart to see what the SAE, and other premiums were at these days. Right now, Goldmart is selling SAEs at $27.15, or around $3.09 over spot, which seems to be around the lowest premiums offered, but what really surprised me was the buyback price. Right now, Goldmart is offering a buyback price on SAEs of $26.58, or around $2.52 over spot! I swear when I looked not to long ago, they had their buyback price at spot. Is it just me or is offering $2.52 over spot crazy high?

 

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I just bought 3 2013 W Reverse Proof Silver Eagles from them NGC PF 69 for $72.50 each with free shipping which is crazy cheap for a Reverse Proof Silver Eagle.

 

the markets hot for them so I would say so

 

Supply and demand.

 

I'm just saying that even when silver was sub-$20 there for a while a month ago, the buyback premiums over spot weren't as high as they are now. I'm just surprised that a large dealer like Goldmart can't get a better deal than $2.50 over spot for their SAEs. Right now their spread is $0.57, or 2%. That seems pretty low.

 

What's the minimum though?

 

There is no minimum buying from them or selling to them.

 

Are they still doing Free Shipping or was the other guy the Chosen One?

 

I bought the 3 RP Silver Eagles with free shipping from there ebay store.

 

I have used Goldmart a few times and was always happy. I'm going to look into the RP Eagles right now.