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<p>[QUOTE=&quot;Blaubart, post: 1730329, member: 37498&quot;]Premiums are also used by dealers for at least two other purposes.&nbsp; The first is to cover volatility.&nbsp; If a dealer buys at spot from customers, or spot plus $1.50 from online sources, they might have to wait 7-30 days before they can sell the item they bought from the customer, or they have to wait for the bullion they purchased online to arrive.&nbsp; In the meantime, the price of PM will change.&nbsp; Many dealers (especially those who aren&#039;t hedged) will add in a little premium to cover that risk.</p><p><br /></p><p>Another purpose is profit.&nbsp; Dealers don&#039;t buy and sell coins at cost.</p><p><br /></p><p>It makes sense for both of these to be based on a percentage of total value rather that a flat fee per coin.[/QUOTE]</p><p><br /></p>

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