The additional cost of gold coin or bullion over and above the spot gold price. The premium includes the costs of fabrication, distribution and a minimal dealer fee. The average premium of a bullion piece at this time is 5% to 15% above spot gold. Rare coins carry an additional premium called numismatic value which is based on scarcity, quality, demand and intangible factors.
« Back to Glossary IndexBy: Arman Abdul Rahman
