Why do premiums differ? Well, that mainly depends on 2 things: popularity/demand and how difficult it is to produce. The more popular a specific mint of coin or bar is, the more people want to buy them and for that reason the more difficult they are to get which makes them more important.
The more challenging it is to manufacture a particular gold coin or gold bar will also impact how high the premium is. The smaller gold gram bars usually have greater premiums relative to the quantity of gold they contain. This is due to the fact that they take more effort to produce due to the delicate information it requires to create such a small gold bar.
A premium is a rate we charge over the current area cost for silver or gold. This cost is contributed to offset the dealerships earnings. Its no different than what any other merchant does for any other product. Every item you buy in a store has a markup. You never get an item for the precise quantity its worth. Gold and silver bullion works the exact same way.
Many of our brand-new clients understand definitely nothing at all about the company. Gold and silver bullion works the very same way.
Most of our new customers understand absolutely nothing at all about the service.
The more popular a specific mint of coin or bar is, the more people desire to buy them and therefore the more difficult they are to get which makes them more valuable.
Hope this clears up any confusion some of you might have had about premiums. Were always here to help and respond to any concerns. Ask away!
Bullion Trading LLC.