Precious Metals Pricing
The difference between the price of a bullion product and the market value of its precious metal content (the “premium”) is largely determined by:
- refining and minting costs (smaller coins tend to have higher premiums)
- cost of secure transport and storage
- insurance and hedging costs
- dealer’s financing and administrative costs
- dealer’s profit margin
- market supply and demand (premiums tend to be higher in bull markets)
We regularly check our premiums against other providers of bullion products in order to be competitive. We typically buy larger weights of gold bar and coin (for example, one ounce coins or 100 gram bars) at 1.5% under spot price and sell at 2.75% above spot price. We typically buy larger denominations of silver (for example, one kilogram bars) at spot price and sell at 8% above spot price. We are occasionally able to pay above spot prices for precious metal bullion and coins, see our posts below or call us on 0207 100 3943 to discuss further.
POST 17 December 2025: we are currently buying silver Britannia coins and silver bars for 4% above spot price