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Why do items cost more that the current spot price ?

April 26, 2017COST items price spot

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Why do items cost more that the current spot price ?

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A. Spot price basically means the raw price of silver still in the ground. Once you add the cost of mining, refining, minting and handling, it increases the sale of the item. 1 oz items always have the highest premium. Imported items will always have a higher premium than local items Q.