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Are the terms "Melt" and "Spot" synonyms?

CoinHuskerCoinHusker Posts: 5,030 ✭✭✭
in Precious Metals
Or do they have different meanings? Thanks
Collecting coins, medals and currency featuring "The Sower"

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    carscars Posts: 1,904
    see This thread image
    Its all relative
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    CaptHenwayCaptHenway Posts: 31,566 ✭✭✭✭✭


    << <i>Or do they have different meanings? Thanks >>



    "Spot" is the value of one troy ounce of a precious metal, as traded in the various commodities markets.

    "Melt" is the value of the precious metal in a coin or medal, as determined by multiplying the net weight of the coin (for example, 0.9675 tr. oz for a U.S. $20) times the spot. Thus, "melt" can be higher than, lower than, or equal to "spot."
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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    CoinHuskerCoinHusker Posts: 5,030 ✭✭✭
    Thanks
    Collecting coins, medals and currency featuring "The Sower"
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    gecko109gecko109 Posts: 8,231 ✭
    Blah.
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