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<p>[QUOTE=&quot;SteelCityCopper, post: 969299, member: 26898&quot;]Spot price or &quot;market&quot; price for a given metal is often viewed as the value of the metal at any specific point in time, however, this can be the raw form of the metal. Coins and ingots take time and resources in addition to the raw copper itself which must be purchased by mints at market (spot)+ price, thus cost must be recovered and a small profit made in order to stay in business (cover marketing cost, labor, etc.). Copper is also a little more difficult to work with due to the bubbling (or frothing) as well which adds to the time. You also must view copper more as a commodity than a precious metal. Here&#039;s an example using another well known commodity oil (light crude)...</p><p><br /></p><p>1 oil barrel = 42 US gallons = 168 US quarts</p><p>1 barrel is approx $80 spot currently which equates to about $0.48 per quart. How much do you usually pay in a store when you are buying a quart of oil? $2, $3, sometimes $4?</p><p>&nbsp;</p><p>The scenario here is a little different but the concept is similar.</p><p><br /></p><p>Sorry to be long-winded... Hope this helps.[/QUOTE]</p><p><br /></p>

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