Market Conditions Drag Silver Coin Melt Values to Four Year Low

The third quarter of 2014, which ended with September, was not kind to silver coin melt values as the associated silver market slumped to levels not seen in over four years. This significant drop was more than enough to wipe out the gains realized in values at the close of last quarter.

 

1915 Barber Quarter

US Silver Coin Melt Values (such as for this Barber Quarter) fell to new four year lows in third quarter 2014

The London Fix for silver closed September (the last trading day of which was the 30th) at only $17.11 per ounce. Silver has not traded at a lower level since March of 2010.

Market conditions continued to slump the entire month dropping from $19.49 on the 1st to the aforementioned $17.11 by month’s end. This equates to a loss of $2.38 during the period, or -12.2%.

Third quarter conditions posted a large dip shaving off $3.76 an ounce in the last three month’s. Percentage-wise, this was a decline of 18%.

Comparisons of silver coin melt values from the end of 2013, the end of second quarter 2014 and the most recent results from September’s close are shown in the chart below:

 

Silver Coin Melt Value Comparisons

SILVER COIN
End of 2013
Melt Value
End of June 2014
Melt Value
End of September 2014
Melt Value
Jefferson Nickel (1942-1945)
$1.10
$1.17
$0.96
Barber Dime (1892-1916)
$1.41
$1.51
$1.24
Mercury Dime (1916-1945)
$1.41
$1.51
$1.24
Roosevelt Dime (1946-1964)
$1.41
$1.51
$1.24
Barber Quarter (1892-1916)
$3.53
$3.77
$3.09
Standing Liberty Quarter (1916-1930)
$3.53
$3.77
$3.09
Washington Quarter (1932-1964)
$3.53
$3.77
$3.09
Barber Half Dollar (1892-1915)
$7.05
$7.55
$6.19
Walking Liberty Half Dollar (1916-1947)
$7.05
$7.55
$6.19
Franklin Half Dollar (1948-1963)
$7.05
$7.55
$6.19
Kennedy Half Dollar (1964)
$7.05
$7.55
$6.19
Kennedy Half Dollar (1965-1970)
$2.88
$3.09
$2.53
Morgan Dollar (1878-1921)
$15.08
$16.14
$13.23
Peace Dollar (1921-1935)
$15.08
$16.14
$13.23
Eisenhower Dollar (1971-1976)
$6.16
$6.60
$5.41
American Silver Eagle
$19.50
$20.87
$17.11
America the Beautiful 5 Oz. Silver Coins
$97.50
$104.35
$85.55

 

A quick look at other precious metal results in the third quarter in London are as follows:

  • Gold closed out September at $1216.50 an ounce, down 5.4% for the month, -7.5% for the quarter, but still up 1.8% for the year
  • Platinum finished the month at $1300.00 an ounce, dipping 8.7% for September, -12.2% for the quarter and -4.2% year-to-date
  • Palladium ended September at $775.00 an ounce, a decline of 13.7% for the month, -8.2% for the quarter, but still in positive territory with a gain of 8.3% for the year

To find the values of your own coin collection, visit this site’s silver coin melt values calculator.

 

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