Premium Over Spot
The premium over spot is the additional cost above the raw spot price that you pay when purchasing physical bullion. It compensates for minting, refining, fabrication, insurance, dealer overhead, and market making.
What Drives Premium Size?
- Product type: Government-minted coins carry higher premiums than generic rounds or bars.
- Metal volume: Larger bars carry lower premiums per troy ounce.
- Market conditions: During supply shocks premiums can spike dramatically.
- Quantity purchased: Dealers lower premiums for larger orders. OTC purchases of 25+ oz gold typically qualify.
Calculating Your Total Cost
If gold spot is $2,350/ozt and a 1 oz Gold Eagle carries a 6% premium: $2,350 × 1.06 = $2,491 per coin.
Transparent Pricing on Every Product
Every GoldBuller listing shows the exact premium above spot. Large orders? Contact our OTC desk for volume pricing.
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