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WHAT DOES SPOT PRICE MEAN?
It is the instantaneous price someone is willing to pay in cash for a unit of silver.
Will you get todays silver prices for your silver?
No, you won't. The person to whom you sell your silver will pay less than the daily spot price so he can remain profitable and stay in business.
What does over spot mean in coin collecting?
In coin collecting, "over spot" refers to a coin's market price being higher than the current spot price of the metal it contains. The spot price is the current market price for the precious metal (like gold or silver) in its raw form, while "over spot" indicates a premium that collectors are willing to pay for specific coins based on their rarity, condition, or historical significance. This premium reflects the added value beyond just the intrinsic metal content.
How much would a walking liberty Silver dollar cost?
If you mean a silver eagle (made from the 1980s to present) you can expect to pay $1-3 above silver spot for them. At the time of writing, you can expect to pay around $31-34 or so for one. Expect to pay about double that for a proof. Keep in mind that changes in silver prices will change the price of the coin.
Does Sterling have a resale value?
The worth of sterling silver at any one point is relative to the silver spot price. This figure is the amount per ounce or per gram that buyers can pay for a given security - in this case, sterling silver - at a specific time and place. Spot price changes over time, meaning the worth of sterling silver in one particular month isn't usually the same as its worth just 30 days earlier. Bulk trading that takes place at a COMEX (commodities exchange) has a significant influence on the spot rates of precious and semi-precious metals, including silver. The spot price is only a benchmark for the worth of sterling silver. Often, buyers and sellers use this number as a baseline to gauge what they're actually willing to pay for the commodity. As you'll find out soon, the sticker price is hardly ever the final sale price.
What does silver spot price mean?
It is the instantaneous price someone is willing to pay in cash for a unit of silver.
Do you have to pay a speeding ticket on the spot if you have an out of state license and get pulled over in WI?
Yes
What is a 1972 Two Dollar Bahama Islands Solid Sterling Silver Coin Struck by the Franklin Mint in mint condition worth?
Multiply spot silver (currently $31.68) times .925 (sterling silver pct) = $29.30 That is your silver value. The numismatic value is what any one is willing to pay for it, probably not much more than spot.
How much is a north American big game super slam 1 troy ounce 999 fine silver coin worth?
Silver currently sells for about $40.000/oz Silver had only sold for $40.00 an ounce in 1980. Right now, expect to pay around $16 or $17 per ounce. But the question asked specifically what this coin is worth. I would expect to pay about 2 to 3 dollars over the spot price of silver for this.
What is a 1 2001 silver American eagle coin worth?
About $26.00, the value of a silver bullion coin is tied to the spot price of silver at the time of sale. Spot price per ounce as I type this is $28.46. Some do have higher premiums but it depends on the date and if it's Proof or Uncirculated.
Does big spot really pay you money?
no they don't.... they ain't nothin but lyin.. i did over 20 servys and they told me the same thing over and over. we couldn't find a servey to match you. so BUMP big spot they SUCK
What percent do the gold and silver buying stores keep from the melt value?
It depends GREATLY on the store. The one I go to for bullion works on a 3% margin. Whenever you sell to them they pay 97% of spot. Whenever you buy you pay spot + 3% on common bullion. There's some places that buy for as low as 20% of melt! Some places that buy at 95% of melt and sell for 100% of melt. Etc. Keep in mind though that the same shop will pay different prices depending on how much you are selling (in general, the more you sell the more they'll pay), what you're selling (things that take a long time to sell such as odd-denomination or foreign coins will be bought at a discount when compared to easily-sellable coins) and what the company thinks silver prices will do (if a company thinks that silver is going to go down within the next week they will be less likely to pay close to spot, if they think that silver will go up majorly they will be more likely to pay close to spot or even above spot!) Your best bet is to call around to local coin, bullion, jewellery, and pawn shops and see which one offers to pay the most. If you're talking "junk silver" just ask how much they pay times face, or how much per $1 face value, since you're talking about just junk silver, they don't need to see the coins to tell you how much they'll offer.
