Explain difference please.

[Dozer D]

Can some please explain the differences in terminology of: spot price, melt price, and any other terms associated with these two?

 

[Omega]

Melt Price: How much the metal content of a coin is worth bases on the spot price
Spot Price: Current price of precious metals world wide that fluctuates constantly

 

[Iamrussell]

Omega nailed it- most people interchange the two and I think its ok-

-------------------------------------
just keep stacking, just keep stacking, stacking stacking stacking

 

[BuffaloBoy]

They mean the same; spot price and melt price both mean the amount worth of silver in a particular denomination.
For reference in case you didn't know, you won't get full spot/melt price for your silver coins at a coin dealer, they generally pay 80-90% of the spot/melt value of the coins. You have to leave a little meat on the bone for them to make a few bucks too.

 

[SilverForBrains]

touche