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local coin dealer chargin $85 over spot for 1 oz eagles


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#1 nimblebear

nimblebear

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Posted 01 October 2008 - 04:14 PM

Seems like a major rip. Gold was showing $ 860 spo on Kitco yesterday early afternoon. they were chargin $960. they said spot was 875 at the time. Does this seem right to you all who may be buying coins ? What is typical premium. $30, $40, $50 over spot ? seems to me they are highly taking advantage of shortage of coins from mints and other's hoarding. I'd like to buy some coins while spot is below 900.
OTIS.