November 8th, 2009 | 
Author: I called a dealer and he said that I pay $60 over spot to purchase the gold, and that he will buy back gold for $30 over spot. Does that sound like standard practice? And silver is $2.50 over spot to buy and $0.50 to buy back. Todays prices were $931.oz Gold and $14.oz Silver and these were American Eagles.
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A premium over spot price is standard practice in the Bullion Market. The amounts you describe are alittle high for gold but good for silver.
Premiums depend on several factors:
Supply & Demand
Amount of bullion purchased
Brand of Mint (Silver & Gold American eagle’s versus a no-name Mint)
Current Market Conditions(Hot/Cold)
New bullion or Circulated
You can get like 90% silver coins for as low as $0.50 over spot.
Gold American Eagles around $45.00 over spot. Silver Eagle’s $2-$3 over spot.