Premium Over Spot Calculator
HOW MUCH ABOVE THE METAL VALUE ARE YOU PAYING?
Premium over spot
- Metal value of one item
- $60.52
- Premium per item
- +$4.48
- Total you pay
- $65.00
- Total premium
- +$4.48
How it works
- 1 troy oz x $60.52 spot = $60.52 metal value.
- $65.00 price - $60.52 = $4.48 premium per item.
- Premium % = premium / metal value = +7.4%. Smaller items carry a higher percent premium than large bars.
Premium over spot +7.4%
How premium over spot is worked out
Melt = troy ounces of metal x the live spot price. Premium = price - melt. Premium % = premium / melt. Premiums are higher on small items (1 gram, 1/10 oz) and lower on large bars (10 oz, 100 oz, 1 kilo), because minting and handling costs are spread over fewer ounces.
Compare dealer prices and premiums Silver bullion Gold bullion
How this calculator works
What is a premium over spot?
The amount a dealer charges above the metal value. Premium = dealer price - (troy ounces x spot price). It pays for minting, shipping, dealer costs and profit.
What is a normal premium on silver?
It varies by item and by market conditions. Large bars usually carry the lowest premium and 1 oz government coins the highest. See the compare prices pages for what dealers are charging now.
Why is the premium higher on small coins?
Fixed costs of making and handling a coin are spread over fewer ounces, so a 1/10 oz coin has a much higher percent premium than a 10 oz bar.
Do I get the premium back when I sell?
No. Dealers buy back at or below spot for most bullion, so the premium you paid is the cost of buying the item.
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