I know that this has been addressed elsewhere, but terms are synonymous in some quarters...would appreciate a clear understandable distinction....again....thanks!
Usually is used to refer to the same thing (below), I suppose some dealers might use the term melt price as a reference to how much they would get from a melter for your coins. (likely somewhere between 80 and 99% of spot)
The only difference I can think of would be this. Spot is used, or should be used, when talking about the current value of an ounce of pure silver. It should be noted that that value only applies to lots of 1,000 ounces. Melt is or should be used when talking about the current value of coins that contain a given quantity of silver.
