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Key Terms used in the Precious Metals markets.



Troy Ounce: The traditional unit of weight used for Precious Metals.

Spot Price: Current, real-time price of the metal on the market.

Bid: The price at which a dealer is willing to buy your metals

Ask: The price at which a dealer offers to sell.

Melt Value: The intrinsic worth of metal in a coin or alloy.

Spread: The difference between what a dealer will charge to sell an item and what he will pay to purchase it.