how else do they make money?
local coin shops that I go to sell above spot too, its not new.
I was just confused... Most dealers near me aren't charging 20% over spot
on bullion. That's the range I see for UC and graded coins...
Do your prices ever change to reflect the BTC<->USD market, or have you already purchased these items and you have to sell at x price? I don't mean to call you out (I'm sure others have mentioned this), but your prices for bullion are > 20% over spot... What gives?
Our prices update every minute of every day to reflect both markets!
Also, the price over spot reflects both the manufacture cost of the coins/bars and our overhead.
We're still a small company, so our overhead is large, but we're still very competitive with USD dealers.
Thank you for the answer. It makes sense, I was just curious.