Frequently Asked Questions
In simplest terms, spot is where metals are being traded at the moment on the exchange.
We use kitco.com to find spot. Please keep in mind that thee price changes every few seconds. We are happy to give you a price by phone but when you arrive at our store the price could (and most likely) will be different. We will check the current price when you get to our store, add the premium and that will be your total cost.
Our pages marked gold and silver will tell you the premiums of items that we carry.
A premium is the price that we charge over the spot price. It will be listed in either a flat dollar amount or a percentage. Gold is a percentage above the spot and silver is a set dollar amount above spot.
The premiums can certainly change! There are a number of factors that can influence a change, such as; what quantities of orders the mint is taking, what the markets are doing, what wholesales are buying or selling, etc.
We don’t list our BID prices because there are a number of different factors that can change what our offer is. Please call us with your items for sale and we will give you a price. Please include the number of ounces and what kind they are. For example, 100 silver eagles.
We are happy to answer questions about investing in gold or silver bullion. Whether you want to buy or sell your precious metals, we can help.