RE: 2024 Niue Silver Mystical Creatures: The Sea Serpent
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Very nice coin, but isnt Most of the value paid for the face of the coin? And Not the silver value?
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You are viewing a single comment's thread:
Very nice coin, but isnt Most of the value paid for the face of the coin? And Not the silver value?
Hello @florian-glechner! How are you? First, I want to express my gratitude for your support! Thank you!
The price of any silver product is comprised of the spot price plus the premium added by sellers. Spot price is generally accepted as the current silver value; the spot price of silver is the price at which silver is bought and sold in the market. It is expressed in terms of ounces, grams, or kilograms.
I hope this answers your question.
Have a wonderful day, my friend!😀
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I understand the price per once and the spot price, but depending on the rarity of the coin there is also a different price on the coin or am I wrong?
Yes, you are right! It also depends on the buyer. If... the buyer accepts the price based on the rarity. The final analysis: the selling price depends ultimately on the willingness of the buyer to pay the price.