Why is the gold coin price higher than the one ounce of gold it contains?
A few factors. One is called seigniorage. This is the cost of minting the coin. The second factor is the gold dealer is taking a profit to run their business and provide you a way to buy and sell gold. The third factor is how rare the coin is. But since you are not buying collector coins (remember??) you don’t need to worry about this. Here’s something to consider. You don’t lose the entire markup price when you sell the coin. The dealer will quote you a price above spot price for gold if the coin is in reasonably good condition. In effect, you are getting spot gold price + a small amount returned on the seigniorage value you already paid. Think of it like a deposit refund on a soda bottle you return to the recycler.
