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<p>[QUOTE=&quot;benveniste, post: 1567350, member: 25547&quot;]I did look at the last 3 months at Heritage, but stuck to October since we&#039;re talking about &quot;all day, any day&quot; prices.&nbsp; That $1880 price is actually $200 over spot for that day in <i>September </i>-- remember that $20 gold pieces only contain .9675 of an ounce of gold.&nbsp; </p><p><br /></p><p>A 10% premium over spot may have been the industry standard for 1oz coins and bars when gold was in the $300-$400 range, but it isn&#039;t now and hasn&#039;t been for many years.&nbsp; Checking my records, I find that the average premium over spot I&#039;ve paid for bullion is 2.7%, a number brought up a bit because I buy coins rather than bars, but brought down a bit since I bought a number of 1oz Grant Wood Commemorative Arts medals at $10 over spot.&nbsp; Currently, quantity one premiums for 1oz GAE&#039;s are in the 5.1% range, with the bid-ask spread less than half that.</p><p><br /></p><p>As of yesterday, the <u>bid</u> price for MS-63 $20&#039;s at Apmex was $140 over spot, whereas for generic $20&#039;s it&#039;s more like $90-$100.[/QUOTE]</p><p><br /></p>

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