It largely comes down to market trends. For a time, 100oz bars were very popular, and we even paid a premium for them. Nowadays, silver bars of that size are rather unpopular and can sit in our inventory for a long time, putting us at the mercy of a downward market shift and leaving us to potentially sell at a loss. Also, since we only keep one or two 100oz bars in our inventory at max, any more that come in need to be sold over the dealer network. At this time, there are no dealers in the network even paying spot for 100oz bars, and that doesn't even factor in the cost of shipping and insurance, so we make far less than 50 cents an ounce when we have to sell that way, which again is the only reliable way for us to move them. Please feel free to call us directly and we would be happy to answer any other questions you have.
You do not know how the business works. EVERYONE in a business like this has to buy low and sell high. $1 an ounce above spot is a great deal. Do your research, shop on line, you will see. Also, 50 cents below spot selling to them is also a good deal.
Thanks! Your answer is awaiting moderation.