Any idea what's the Royal mint premium?

[AR03]

Hi,

Just wanted to know how much Royal mint charges premium on their good bullion coins/bars?

Thank you

[AppleZippoandMetronome]

For gold its easy - just subtract the spot price from the total price showing minus anything like shipping.

Edited October 11, 2021 by AppleZippoandMetronome

[Cogload]

Think of a number and x by 100 will land you in the ballpark....🤐

[Gordy]

probably about 30% mark for bullion silver then you need to add the VAT and delivery, cheaper on here by far

[StackemHigh]

Far too much!

[Dan12345]

To much, much better places to buy from 

[noddycoder]

On 11/10/2021 at 16:03, AR03 said:

Hi,

Just wanted to know how much Royal mint charges premium on their good bullion coins/bars?

Thank you

 

On 11/10/2021 at 16:48, AppleZippoandMetronome said:

For gold its easy - just subtract the spot price from the total price showing minus anything like shipping.

As AZ&M said it's fairly easy to calculate the premiums, especially for 1 oz bullion:

%Premium for a 1 ounce coin/bar is:  ( (advertised price - spot price) * 100 ) / advertised price

Premiums on the RM website are usually higher than main dealers... ...however it's still worth looking there before you buy; sometimes discontinued items still in stock are considerably cheaper. For example in June 2020 the 2017 Queens Beasts 1oz gold dragon was around £1700'ish on main dealer websites but £1500'ish on the RM site.