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<p>[QUOTE="Ra1der5, post: 24572838, member: 146576"]I think this may be partially true, but I also think our local dealers are looking for 6% premium on their gold Maple Leafs. One week they’ll tell you their premium is $150 and they will keep it there as they watch the spot price fluctuate. When spot increases, and they think the market is going to continue to increase, then they raise their premium to keep up with the 6%. It’s not immediate, so that’s why I’m seeing a $25 jump. Likewise when spot decreases, but they seem slower to respond.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Sorry for the naïveté, but what is an “AGE”? Is that an on-line dealer?</p><p><br /></p><p>Just trying to understand; if spot were $2,000, then a 4% premium would be $80. If the local coin shop is adding $70, then wouldn’t they be in the ballpark… or is that why you are saying it’s too high?</p><p><br /></p><p>But then, looking on-line, I think you’re right. A 6% premium over spot (~$150) for gold does seem excessive. On-line dealers appear to be around 4%.</p><p><br /></p><p>Thanks for the Barton’s tip. Here’s a cool website I found: <a href="https://findbullionprices.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://findbullionprices.com/" rel="nofollow">https://findbullionprices.com/</a> There are four or five reputable on-line dealers that are $80-$100 over spot for one-ounce gold Maple Leafs (single coin purchase). Maybe take prints to the local coin shop and see if they will match? If not, well then I guess they risk losing sales to on-line dealers.[/QUOTE]</p><p><br /></p>
[QUOTE="Ra1der5, post: 24572838, member: 146576"]I think this may be partially true, but I also think our local dealers are looking for 6% premium on their gold Maple Leafs. One week they’ll tell you their premium is $150 and they will keep it there as they watch the spot price fluctuate. When spot increases, and they think the market is going to continue to increase, then they raise their premium to keep up with the 6%. It’s not immediate, so that’s why I’m seeing a $25 jump. Likewise when spot decreases, but they seem slower to respond. Sorry for the naïveté, but what is an “AGE”? Is that an on-line dealer? Just trying to understand; if spot were $2,000, then a 4% premium would be $80. If the local coin shop is adding $70, then wouldn’t they be in the ballpark… or is that why you are saying it’s too high? But then, looking on-line, I think you’re right. A 6% premium over spot (~$150) for gold does seem excessive. On-line dealers appear to be around 4%. Thanks for the Barton’s tip. Here’s a cool website I found: [URL]https://findbullionprices.com/[/URL] There are four or five reputable on-line dealers that are $80-$100 over spot for one-ounce gold Maple Leafs (single coin purchase). Maybe take prints to the local coin shop and see if they will match? If not, well then I guess they risk losing sales to on-line dealers.[/QUOTE]
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