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<p>[QUOTE=&quot;-jeffB, post: 8394676, member: 27832&quot;]Okay, I had to go off and do a quick survey.</p><p><br /></p><p>APMEX says: &quot;Melt value simply refers to the spot price of the actual Precious Metal content of a given piece.&quot;</p><p><br /></p><p>Provident says: &quot;For this reason, the coin melt value is calculated by the content of a precious metal multiplied by the spot price of said metal.&quot;</p><p><br /></p><p>NGC says: &quot;<a href="https://www.ngccoin.com/price-guide/coin-melt-values.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ngccoin.com/price-guide/coin-melt-values.aspx" rel="nofollow">This page</a> shows the intrinsic metal values of U.S. Silver Coins, commonly referred to as their melt values.&quot;</p><p><br /></p><p>I looked a bit more, but didn&#039;t find anyone disagreeing with these definitions. Essentially:</p><p><br /></p><p>SPOT is the actual market price of a precious metal.</p><p><br /></p><p>MELT is the market price of the PM contained in a particular coin (or group of coins).</p><p><br /></p><p>Everybody who&#039;s buying and selling PMs wants to make money at it, so their sell price will be higher than their buy price. But both of those are based off <i>melt value</i>, with some adjustments for supply and demand. Right?[/QUOTE]</p><p><br /></p>

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