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Local Coin Shop Owner Talks About IRS News, Being Audited, and Premiums

Local Coin Shop Owner Talks About IRS News, Being Audited, and Premiums

The prices of silver and gold go up and down. Silver is for 20 dollars and 30 cents, whereas gold is for 1782 dollars. There was a slight drop in the metals market last night. So today, we may not see the backup in prices. Maybe the prices will trickle back to high rates when the US market opens here.

So today, we will share the current market trends and what premium changes occur with precious metals. We get one significant change and update in metal prices. Other than that, the rest is in the same condition.

Now let’s see what trends are running in the gold and silver market.

  • The one-ounce gold eagles and gold buffaloes are under the premium choice. We are buying it at the spot price with 4.5 percent premiums and selling it at the spot price with 7 percent premiums.
  • We also have the half-ounce American Gold Eagles in stock that you can get. We are buying it at the melt price plus eight percent of premiums and selling it at the melt price with 15 percent premiums.
  • Now, the next quarter-ounce gold eagles are available in stock. We are buying them at melt price plus 11 percent and selling them at melt point plus 18 percent. It is a rental friendly material that is around 1225 dollars.
  • The one-tenth gold eagles are available for selling at the melt price with 22 percent premiums, and we are buying it at the melt price plus 15 percent. So it is somewhere around 217 dollars according to the current price.
  • An ounce of foreign gold is also available in stock. We are buying it at the spot price plus 30 dollars and selling it at the spot price plus sixty-five dollars. So it is equal to last week’s pricing along with the premiums.
  • There is no noticeable change in silver rounds. We are buying it at a spot price plus 2 dollars and selling it at a spot price plus 3.25 dollars. These include the buffalo, sunshine, and some other silver round designs. So you can get a bunch of round silver designs in it according to your choice.
  • Pioneer bars or 10-ounce bars are famous due to their credibility. We are buying it at the spot price plus 1.25 dollars and selling it at the spot price plus 2.95 dollars.
  • We also have kilos in stock. We are buying it at the spot price plus 1.20 dollars and selling it at the spot price plus 2.35 dollars. These are also like the pioneer bars that you can get.

We are offering all these silver and gold coins or bars at reasonable prices in the market. By knowing the weight and premiums, you can calculate the melt price and actual price according to weight.

We can not anticipate the following changes, but lastly, there is only one change, and the rest of the premiums are the same.

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