Going Low Towards The Spot - Coin Community Forum

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Author	Replies: 5 / Views: 1,203
ashtoncp20 New Member United States 17 Posts	Posted 08/28/2012 9:38 pm A shop near my house advertises that their half dollars and Washington quarters are sold as low as SPOT. What does this mean? They also claim that UNC Morgan's and Peace as low as $40 or $1 over spot. Thanks for the help. Report this Post to the Staff

nscoinkid1997 Valued Member Canada 138 Posts	Posted 08/28/2012 9:42 pm Spot is the price at which a coin is generally being sold for on the market. For example, if silver is at $42/ounce, a dealer could make a profit on melt by selling at spot+$5 Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 08/28/2012 9:45 pm Spot price on Morgans and Peace dollars is $23.75 at the moment. At $40 each they are $16.25 over spot Edited by trout1105 08/28/2012 9:46 pm Report this Post to the Staff
ashtoncp20 New Member United States 17 Posts	Posted 08/28/2012 10:22 pm So spot is by the silver content, and not by the coins value on the market? Report this Post to the Staff
EgCollector Pillar of the Community Egypt 3470 Posts	Posted 08/29/2012 02:05 am and to CCF Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 08/29/2012 02:07 am Quote: So spot is by the silver content, and not by the coins value on the market? Correct. Anytime people refer to spot price its only the bullion value of the coins aka the value of the metal. Generally coins that are referred to by spot pricing have no numismatic premium and their metal content is worth more than the coin is for the collectable value. And Report this Post to the Staff
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