Spot Prices.....huh?

Spot Price refers to the selling price of a commodity in a predetermined unit, in the case of precious metals, it would be a per ounce price. Think of a spot price like the price of a share of stock- it changes daily but only changes when the commodities market is open. A spot price will go up or down depending on the supply of that commodity, how many people are buying, and how many are selling. you can get your spot prices right here. Spot price will not greatly affect the value of most coins because most coins have their own numismatic value. However, common pre-1964 90% silver coins are valued directly in relation to the spot price and even common pre-1933 gold coins are closely related to spot price as well. Modern commemorative silver dollars have just over 3/4 oz of silver content yet they sell for five or six(or more) times the spot value because the numismatic value far exceeds the spot price.

Just a note: if you're considering selling your coins, don't just sell it at spot. There's a severe shortage of physical metals, so you're best off keeping them or selling them at about 50% more for silver and about 20% more for gold.


Also, why is the site coin infl. always blocked?

wd1040 some sites are blocked because of issues that have occured in the past.

Also, for your answer, that term is used a real lot by dealers to make you think your doing good with their prices of their coins. For example a dealer will say this dime is 12X spot normally but I will sell it to you for only $2. In reality, as already noted, the prices of metals has very little to do with the Numismatic values of coins. Only if Silver, Gold, etc was excessively high and stayed there would it possibly have some effect on the prices of some, not most, coins. If you look at any price guide for coins you will never see a column for spot prices. Never let a dealer fool you with terminology. If they say something you don't understand, walk away. Probably an ex used car dealer.