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<p>[QUOTE=&quot;Juan Blanco, post: 1587491, member: 41665&quot;]&quot;Melt&quot; is what a refiner (melter) pays; it&#039;s confused &amp; misleading to conflate that with the Spot Price, common parlance (corruption) notwithstanding.&nbsp; Back to the example above: when POS is $33., Dealer&#039;s Bid &quot;20-25 on junk&quot; looks like a true Melt-rate (17%-20% Under Spot) for junk. <a href="http://www.cointalk.com/t216851/#post1586281" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t216851/#post1586281">http://www.cointalk.com/t216851/#post1586281</a> My LCS/bullionist cites something similar, and his rep is impeccable. </p><p><br /></p><p>I can only guess that very few Morgans bought &quot;at melt&quot; (whatever the dealer&#039;s BID: NOT the refiner&#039;s) actually get melted.&nbsp; Morgans &quot;extra value is because of their recognizability&quot; as FryDaddyJr notes. So too the active trade proves <i>marginal numismatic value for the coin </i>persists, whereas true junk/scrap now GETS melted.&nbsp; Rising POS (@ $60 ozt, say) might radically change this situation in the near future, however.&nbsp; In recent years, refiners often paid/pay (BID) -15% &gt; -20% <i>below Spot</i>.&nbsp; Of course, in any supply/demand situation, this is subject-to-change: Seller <i>may </i>get closer to Spot in certain circumstances.&nbsp; See for example, this 10% Under Spot offer:</p><p><a href="http://www.midwestrefineries.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.midwestrefineries.com/" rel="nofollow">http://www.midwestrefineries.com/</a></p><p><br /></p><p>Ask a local refiner for his rate. I haven&#039;t seen a price-record for refiners&#039; Melt, but like Dealer premiums, that&#039;s a real market valuation or intrinsic price for your Silver.&nbsp; A middleman will give you his price, accordingly.</p><p>As always, shop around for the highest Bid, etc.</p><p><br /></p><p>Real &quot;melt&quot; is germane/relevant only to dealers melting; the term obviously confuses retail trade, so it should be avoided.&nbsp; If whatever is NOT to be destroyed, but getting flipped for more instead, industrial Melt is essentially moot (if not <i>distracting</i>) to the selling public.&nbsp; The price (Bid/Ask) is whatever a buyer &amp; seller agree to ; likewise (theoretically) <i>market price </i>aggregates all sales of whatever.&nbsp; eBay is very useful to see/approximate market price, admitting the Seller is also <i>paying </i>~13% in fees to eBay/PayPal.&nbsp; If s/he could get more at the local refiner, why wouldn&#039;t s/he?&nbsp; Answer: s/he cannot. Even loser auctions are almost always <i>over Melt</i>. This particular retail market is efficient, but I&#039;m not denying CL <u>can</u> be much better price-wise for both parties.&nbsp; (We cannot see that, however, to judge.)[/QUOTE]</p><p><br /></p>

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