Jump to content

ATS Bullion Charge £63 for 1/10 Ounce


Wigler
 Share

Recommended Posts

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.

Link to comment
Share on other sites

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

Link to comment
Share on other sites

  • 1 month later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...