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Premium Calculator

Calculate the premium you're paying over spot price for bullion products

Calculate Premium

Melt Value

$2,650.00

Premium ($)

$100.00

Premium (%)

3.77%

Typical Premium Ranges

Product Type Gold Silver
Large Bars (100oz+) 0.5% - 2% 1% - 3%
Small Bars (1-10oz) 2% - 5% 3% - 8%
Government Coins 3% - 6% 8% - 15%
Rounds 2% - 4% 4% - 8%
Fractional Coins 5% - 12% 10% - 20%

Note: Premiums vary based on dealer, quantity, and market conditions.

Tips for Finding Low Premiums

  • Buy larger bars - typically have lower premiums per ounce than coins
  • Consider generic rounds - often have lower premiums than government coins
  • Compare dealers - use FindBullion to compare prices across multiple dealers
  • Pay by wire or check - saves 3-4% compared to credit card
  • Buy in quantity - many dealers offer volume discounts

Understanding Premiums

The premium is the amount you pay above the spot price for physical bullion. It covers the dealer's costs for minting, handling, storage, and profit margin.

Lower premiums mean more gold or silver for your dollar, but don't sacrifice quality or reliability just to save a few dollars. Established dealers with good reputations are worth paying a small premium for.