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<p>[QUOTE=&quot;GDJMSP, post: 1521851, member: 112&quot;]Zach - </p><p><br /></p><p>First of all you have to understand something. That is what it actually means when somebody says you can buy this or that at melt. You can&#039;t buy any silver actually at melt. And melt is defined as the current spot price. Any silver you buy, anywhere, you will pay a premium above the current spot price. That includes silver rounds and silver bars, and junk silver coins. </p><p><br /></p><p>Industry standard for the premium above the spot price is usually about 10%. Now you can find some dealers here and there that will charge you up to a 20% premium. And you can fins some here and there that will only charge between 5-8% premium. But as a general rule most are going to charge about 10% over spot.</p><p><br /></p><p>So, if the current spot price is $23, then as a general rule any silver you buy is going to cost you about $25.30 an ounce. That&#039;s 10% over spot. And that number, $25.30, is what people are talking about when they say melt.</p><p><br /></p><p>The same rules apply to any precious metal. When people say melt, what they mean is the current spot price plus the 10%. And yes, you can buy silver all day long, every single day, at that number. And if you personally can&#039;t, then you just aren&#039;t looking in the right places because it sure isn&#039;t hard to do.</p><p><br /></p><p>Now when it comes to selling, specifically to a dealer, the percentage goes the other way. Dealers will not pay the same amount that they sell something for. So when an individual sells silver to a dealer, as a general rule the dealer will offer him about 10% less than the current spot price. So if spot is at $23, then the dealer is going to offer $20.70 per ounce - 10% less than spot. So when selling, melt is only worth $20.70. (and rather obviously the premium percentage can vary when selling just like they do when buying)[/QUOTE]</p><p><br /></p>

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