How do you calculate Gold Coin Values in your PP? Spot? +/-2%?

[MiniB]

Typically I believe you pay about 3% over spot price for a gold coin and sell it for 3% under spot to a dealer.

When you buy a gold coin in your PP, how do you record it's value?  Spot price?  3% under spot since that's what you would get if you sell to rebalance?  3% over spot since thats what you have to sell from the rest of your portfolio to buy it?

[MediumTex]

I would carry it at spot price.

Dealers are paying spot for gold coins right now.

For an example, see here:  http://www.ajpm.com/gold-bullion.html

[Pkg Man]

When it comes time to sell check around for the best price.  Bullion Direct's Nucleo Exchange has a bid at $1400 right now for an AGE.  With BD you pay a 1% fee to buy or sell. 

http://www.bulliondirect.com/nucleo/lp/ ... 0_oz).html