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ATS Bullion Charge £63 for 1/10 Ounce


Wigler

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I called ATS Bullion earlier and they want to charge me £63 per 1/10 Ounce coin. Why are they charging so much?

 

One reason smaller bullion coins are dearer than 1 oz coins is because of the cost of fabrication, i.e., it probably costs near enough the same to mint a 1/10 oz coin as it does for a 1 oz coin. Another reason might be if you are buying a small amount - the more you buy the better rate you can get. But that price is a hefty 35% over the spot price. You can buy 1 oz krugerrands for about 4% over spot, but you'd probably have to be spending several thousand pounds.

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I called ATS Bullion earlier and they want to charge me £63 per 1/10 Ounce coin. Why are they charging so much?

 

ATS seem to have a fixed deal charge which they add to the spot price of a coin, this makes buying small coins from them expensive, other dealers charge a % above spot per deal, for example, coinsinvestdirect are at £54.63 this morning and Goldline £56.00

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