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Message:: [QUOTE="Blaubart, post: 1708219, member: 37498"]100% is a "percentage of the current spot price", as is 105%, or 110%. As to the OP, it all depends on a whole lot of variables involved in how much dealers bid and ask. Much depends on the market where the LCS is located and how the owner runs the business.  Some areas seem to have more buyers than sellers because the local economy is strong.  In such an environment a dealer might have to buy bullion online or offer a little more to get bullion in the door, but has no problem selling it for a little higher than other dealers might be able to. Or, there could be more sellers than buyers because the local economy is weak and they might be able to get all the bullion they want but have a hard time selling it locally.  So they might offer less than most bullion stores and sell it online. It also depends on how much of what a dealer has on hand.  If someone just came in and cleaned them out of silver, but they still have a lot of gold on hand, they might be willing to pay a higher percent of spot for silver on that particular day. Another factor to consider are any deals they already have lined up.  For example, the local dealers have my name and number and are keeping an eye out for foreign silver rounds for me.  If someone walks in with a roll of Brittanias, they can offer the seller a fair price for them knowing they're as good as sold.[/QUOTE]