2013 Realizes Over One-Third Decline in Silver Coin Melt Values

To say that 2013 was not a banner year for Silver Coin Melt Values would be a bit of an understatement. Those watching silver and the associated melt values know that the precious metal lost over a third of its value in the year.

2012-P Hawaii Volcanoes Five Ounce Silver Uncirculated Coin

Silver Coins, like this Hawaii Volcanoes Five Ounce Coin, Lost Over One-Third of Its Melt Value in 2013

To be precise, silver dropped a staggering $10.45 per ounce in 2013. This equates to a loss of 34.89%.

These numbers are based on the London Fix for Silver taken from the last day of trading in 2012 and the last day of trading in 2013. For reference, the London Fix on December 31, 2012 was $29.95 an ounce. By December 31, 2013, the Fix came in at only $19.50.

A look at the cumulative average for silver for both years also shows declines, although not as significant. The cumulative Fix in 2012 was $31.1497 per ounce with 2013 having a cumulative average of $23.7928. Comparing the two shows 2013’s loss at $7.3569, or a decline of 23.62%.

The chart below shows a monthly look of the cumulative averages compared to the previous month.

London Fix for Silver Cumulative Averages

Average
London
Fix
Percentage
Change
From
Previous
Month
January 2013
31.1123
-2.67%
February 2013
30.3288
-2.52%
March 2013
28.7985
-5.05%
April 2013
25.1986
-12.50%
May 2013
23.0119
-8.68%
June 2013
21.1090
-8.27%
July 2013
19.7102
-6.63%
August 2013
21.8383
+10.80
September 2013
22.5638
+3.32%
October 2013
21.9170
-2.87%
November 2013
20.7576
-5.29%
December 2013
19.6090
-5.53%

 

A quick glance at the above chart lends itself to understanding why the year was down in general. Of the twelve months of 2013, ten showed losses compared to the previous month with only two realizing gains.

Along with the previous metal, associated silver coin melt values also fell in the year. The chart below shows the losses for several of the most popular silver coins based on the average London Fix for 2012 and 2013.

2012 – 2013 Silver Coin Melt Value Comparisons

SILVER COIN
Cumulative 2012
Average Melt Value
Cumulative 2013
Average Melt Value
Jefferson Nickel (1942-1945)
$1.75
$1.34
Barber Dime (1892-1916)
$2.25
$1.72
Mercury Dime (1916-1945)
$2.25
$1.72
Roosevelt Dime (1946-1964)
$2.25
$1.72
Barber Quarter (1892-1916)
$5.63
$4.30
Standing Liberty Quarter (1916-1930)
$5.63
$4.30
Washington Quarter (1932-1964)
$5.63
$4.30
Barber Half Dollar (1892-1915)
$11.27
$8.60
Walking Liberty Half Dollar (1916-1947)
$11.27
$8.60
Franklin Half Dollar (1948-1963)
$11.27
$8.60
Kennedy Half Dollar (1964)
$11.27
$8.60
Kennedy Half Dollar (1965-1970)
$4.61
$3.52
Morgan Dollar (1878-1921)
$24.09
$18.40
Peace Dollar (1921-1935)
$24.09
$18.40
Eisenhower Dollar (1971-1976)
$9.85
$7.52
American Silver Eagle
$31.15
$23.79
America the Beautiful 5 Oz. Silver Coins
$155.75
$118.95

 

Interested in the current melt values of your collection? Check out this site’s Coin Melt Value Calculator!

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