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Is buying from Swiss America a total loss?
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<p>[QUOTE="Conder101, post: 1962687, member: 66"]When buying bullion type coins from a dealer you don't ask what the "market value" or the "real value" is. You want to know what they will sell that coin for right now and what they will pay for that same coin right now. (I assume you already know what the spot price is.) This will tell you what their buy/sell spread is and what their markup over spot is. And if they charge a "transaction fee" go elsewhere. There should be no reason for a transaction fee, they make their money on the buy/sell spread.</p><p><br /></p><p><br /></p><p>This is true if you are buying the current years proof gold and silver eagles. If you are looking for a previous years coins you have to buy from a dealer, because the mint isn't selling them. In that case they will probably be more than issue price.</p><p><br /></p><p><br /></p><p>Possibly convenience. They are buying and selling constantly. So they will pay a little higher to get the coins NOW rather than having to order and wait for the Mint to get around to sending them. If I have people calling in and ordering proof silver eagles I need to buy coins and have them NOW not in two or three weeks.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1962687, member: 66"]When buying bullion type coins from a dealer you don't ask what the "market value" or the "real value" is. You want to know what they will sell that coin for right now and what they will pay for that same coin right now. (I assume you already know what the spot price is.) This will tell you what their buy/sell spread is and what their markup over spot is. And if they charge a "transaction fee" go elsewhere. There should be no reason for a transaction fee, they make their money on the buy/sell spread. This is true if you are buying the current years proof gold and silver eagles. If you are looking for a previous years coins you have to buy from a dealer, because the mint isn't selling them. In that case they will probably be more than issue price. Possibly convenience. They are buying and selling constantly. So they will pay a little higher to get the coins NOW rather than having to order and wait for the Mint to get around to sending them. If I have people calling in and ordering proof silver eagles I need to buy coins and have them NOW not in two or three weeks.[/QUOTE]
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