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<p>[QUOTE=&quot;Cloudsweeper99, post: 148803, member: 3011&quot;]There is an assumption here that the only value of silver is the melt value.&nbsp; Many buyers of silver would love to have everyone believe that.&nbsp; However, when large users of silver purchase quantities of silver from places such as the Comex, they pay spot plus commissions, insurance, interest and delivery charges.&nbsp; Recently, they have to wait weeks for delivery.&nbsp; So the typical silver buyer has to pay more than spot.&nbsp; If you walk in and accept less than spot price, there is a good chance you are the lowest ask price they will receive all day.&nbsp; Silver in coin form has several advantages.&nbsp; It&#039;s weight and purity are already known.&nbsp; It is portable and does not require assay.&nbsp; This makes it suitable for investment, and accounts for its historical use as money.&nbsp; Melting silver coins does not always represent the highest and best use.&nbsp; That is why people will frequently pay over spot for coins such as silver eagles, and why many coins with little or no numismatic value are never melted.&nbsp; The value to a smelter, collector, and investor can be different.&nbsp; There isn&#039;t a single &quot;correct&quot; price.&nbsp; The spot price is one price, but there can be many prices at the same time.&nbsp; Spot is a benchmark, changes constantly, varies by location, and prices are often quoted as +- spot to reflect this.</p><p><br /></p><p>So there is no simple answer.&nbsp; Just don&#039;t rush out to melt your coins.[/QUOTE]</p><p><br /></p>

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