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<p>[QUOTE=&quot;GDJMSP, post: 3225396, member: 112&quot;]Well I&#039;m confused by what you originally said then. Above you&#039;re saying spot was $130 higher. But here - </p><p><br /></p><p><br /></p><p><br /></p><p>You said he offered you $300 when spot was $320. In other words he was offering you $20 less than spot - not $130 less than spot. And $20 less than spot for a common date $5 lib in 62 is a fair price.</p><p><br /></p><p>Full retail price for common date gold in grades up to and including MS63 is about 10% over spot. And it has been for many, many years. Now the 10% can vary, some will sell it for a little less, some a little more, but 10% is pretty close most of the time. </p><p><br /></p><p>If you walk into a dealer shop, or go to one at a show, or offer to sell to one over the internet, you can count their offer being about 10% less than spot. That&#039;s the dealer buy sell spread - and it has also been that way for many, many years.</p><p><br /></p><p>With common date gold spot price is what dictates the price when buying or selling. It&#039;ll be 10% above or 10% below. So if spot for the coin was $320, then an offer of $300 is not even 10% less than spot. And that&#039;s what makes it a fair offer - not subjectivity.[/QUOTE]</p><p><br /></p>

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