Premium over spot calculator
Short answer: Premium over spot is the price you pay minus the melt value of the metal, usually shown as a percentage of the melt value. A coin with $2,300 paid for $2,000 of gold carries a $300 premium, or 15%.
How to use it
- Enter the total price you were quoted, including any shipping or fees you want counted.
- Enter the spot price per troy ounce for that metal.
- Enter the weight of one piece, its unit, its fineness and the quantity.
- Read the premium in money and as a percentage of melt value.
Formula: premium % = (price paid − melt value) ÷ melt value × 100
Questions
What is a normal premium?+
It depends on the product, size and market. Small sizes and collectible coins usually carry higher premiums than large bars, because fabrication and distribution costs are spread over less metal.
Why do small bars cost more per gram?+
The costs of minting, packaging, testing and distribution are per piece, so a 1 g bar carries far more cost per gram than a 1 kg bar.
Should I count shipping in the price?+
Yes, if you want the true cost of owning the metal. Enter the all-in price to compare offers on equal terms.
Does the premium come back when I sell?+
Usually not in full. Dealers buy back near spot plus a smaller premium for popular products, so the premium you pay on the way in is a real cost of owning physical metal.
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