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<p>[QUOTE=&quot;cdcda, post: 52830, member: 941&quot;]To ensure that you are not confused, Bacchus is quoting the melt price of your silver based on the &quot;spot&quot; price of silver which is currently at or near $7.16 per troy ounce. The spot price is the price quoted for large volume purchases on the commodity exchanges in U.S. and abroad.</p><p><br /></p><p>Unfortunately, you cannot expect dealers to pay you the spot price for 90% silver coins. There is always going to be a discount back from spot. In the current market, given that $1 in face value of 90% silver coinage contains around .72 ounces of silver (or slightly less accounting for wear) you are receiving around $6.38 or less per troy ounce of silver. Percentage wise this is a little over 10% or so back from spot. Depending upon the silver market, this percentage may be higher or lower. During the eighties when spot silver prices sored, it was not uncommon for dealers to be paying only 60% of the spot price.[/QUOTE]</p><p><br /></p>

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