Do Gold Coins Have Premiums? Understanding Markups
If you have ever priced gold coins, you already know the punchline. Gold coins do not trade like pure metal on a spreadsheet. Almost every coin you buy carries a premium over the spot price of gold, and that premium can be small, large, or surprisingly volatile depending on what you are buying and why. People often ask, “Are the premiums real?” The better question is, “What exactly am I paying for when I pay more than spot?” Once you understand the moving parts, the mark