Do dealers buy bullion or numismatic coins back at the same price they sell it?
No, There is a price differential or “spread” between our selling price (the “ask” price) and our buy-back price (the “bid” price). This is often referred to as a “transaction cost.” A typical spread on our most common bullion coins (e.g. Canadian Maple Leaf or South African Krugerrand gold coins) is approximately 10% to 28%. Our spread on semi-numismatic coins, rare or numismatic coins and rare currency ranges between 17% and 200%. Examples of coins which have a spread between 17% and 200% include the Swiss 20 Franc, the First Strike certified coins, and the Morgan and Peace silver dollars. With the exception of the most common 1 oz. bullion coins, Superior Gold Group charges clients its numismatic spread (which ranges between 17% and 200%) on coins. To earn a profit upon resale to us, your coins, currency, or bullion must appreciate sufficiently to overcome this price differential. To illustrate how this spread works, consider the following example. If the spread on a coin is 30% and
