How do you define Spot Price, Market Value, and Refined Value?

At Sell Your Gold, we use several key terms to help explain how we determine the value of precious metals such as gold, silver, and platinum. Here are the definitions for Spot Price, Market Value, and Refined Value:

Spot Price

The live market bid for one ounce of pure precious metal on major exchanges, showing the base value before refining or fees.

Market Value

The general retail or collector value of your coins or bullion, which can be above or below spot depending on rarity, condition, or demand.

Refined Value

The Refined Value represents the estimated amount after factoring in melt loss, purity adjustments, refining, processing or handling costs. These deductions are applied first to determine the Refined Value.

Understanding these definitions can help you make informed decisions when selling your precious metals. At Sell Your Gold, we take all of these factors into account to ensure you receive the best possible offer for your items.