GOLD & SILVER BULLION DEALERS. Do they pay spot when they buy from a MINT.

[Sourdough]

Do they get a bulk discount from a mint....???

When the bullion dealer that sold you product, purchases it back from you, do you get a premium or spot or discounted price below spot.....???

 

[Mountain trapper]

When you sell PM's to a bullion dealer they always pay below spot, how much depends on the dealer. When you buy PM's you always pay above spot, again it varies on the dealer. I started buying PM's from Kitco over 30 years ago; gold, silver and palladium. Just recently I started buying silver and copper from JM Bullion. They have specials on silver at $2.49 or less over spot for any quantity. Gold is about $68 over spot. Kitco is buying silver for about a buck under spot and gold about $100 under spot. These prices are dependent on quantity and quality and if they are running low on inventory of a certain type and mint mark.