How do you determine ........ ???

Timbuk3

melt prices for PM's as oppose to
spot prices.

DoubleEagle59

Depends on how greedy the person is who's doing the melting.

nibanny

<< <i>melt prices for PM's as oppose to
spot prices. >>



I am not sure I understood the question, anyhow this is my answer:
spot is the price of 1 ounce of PM
melt is the value of a piece of PM

$1733.50 Gold Spot
$173.35 Melt for 1/10 AGE

guitarwes

expounding on Matteo's answer:

Silver spot price: $32.50
Melt price of a Silver Eagle: $32.50
Melt price of a Morgan silver dollar: $25.22
Melt price of a 90% half dollar: $11.62 (using the .715 multiplier)
Melt price of a Barber Quarter: $5.81

It all depends on what the pure weight is of what you're melting to determine the melt price. Spot price is the last price paid for paper silver/gold trading in the stock market.

Pokermandude

I basically use the terms interchangeably when talking about the PM contents of various coins. Technically spot is the "market price" for exactly one ounce, whereas the melt value would be to describe the spot price multiplied by the number of ounces of PM weight.

Weiss

<< <i>I basically use the terms interchangeably when talking about the PM contents of various coins. Technically spot is the "market price" for exactly one ounce, whereas the melt value would be to describe the spot price multiplied by the number of ounces of PM weight. >>



Yes, they are interchangeable. Melt is a more correct term, but spot has been used forever to mean the same thing. Since spot means the value at any moment for an ounce of gold, it is more specifically tied to exactly 1 ounce of gold. Melt means whatever that particular coin's gold value is at that moment, including fractions or multiples of spot.

But most people will know what you mean if you say either word.