The premiums are 5 - 7 over spot for generic silver rounds. Even over 9 for silver coins, such as this kookaburra. There was very little silver available. They had very few silver ounces that would be sold strictly for silver content value. They had a lot of specialty silver rounds, like celebrations or unique items for outrageous premiums. Thus, I bought a Kookaburra that I knew was new, BU and just a bit over the price of the ugly silver rounds. Oddly, they had no silver bars.