Premium on Baird sovereigns

[Guest Lionheart]

I thought I’d figured out how to calculate the premium added by sellers. Now I’m not so sure. It looks to me as if Baird are selling new 2010 bullion sovereigns at 0% premium at £184.25 and older sovereigns at less than the gold content. I’ve surely got this wrong.

http://www.goldline.co.uk/bullionCoinsPage.page

I used this morning’s gold fixings of £672.260 per ozt.

Could someone please be kind enough to let me know what they calculate the premium to be.

[hactonhouse]

Bairds never sell any bullion coin at 0% premium!

At £672.26 per troy ounce a sovereign has an intrinsic gold value of around £157.

To check current bullion prices for sovereigns use this link.

http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=3