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<p>[QUOTE=&quot;Vess1, post: 696730, member: 13650&quot;]Spot refers to either spot silver, spot gold, etc..&nbsp; Spot is simply an abbreviated way of saying what a particular ounce of precious metal is worth at a given time.</p><p>&nbsp;</p><p>&nbsp; Example: Someone says, &quot;I bought this one ounce silver eagle for $2 over spot. &quot; </p><p>&nbsp;</p><p>&nbsp; Meaning, if silver is worth roughly $16 an ounce at the moment, they paid $18 for it.&nbsp;&nbsp; Metal prices can be found at Kitco.&nbsp; They fluctuate by the minute.</p><p>&nbsp;</p><p>&nbsp; Junk silver can be any modern or older coinage, that&#039;s been damaged or worn to the point where the numismatic value is equal to or less than the value of the metal in the coin.&nbsp;&nbsp; </p><p>&nbsp;</p><p>&nbsp; Junk silver is often sent in and melted for it&#039;s silver content.&nbsp; Anything that has any premium over it&#039;s silver content would not be classified as junk silver.[/QUOTE]</p><p><br /></p>

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