Melt Values of US Silver Coins Drop 8.4% In Mid-June

Melt values of US silver coins continued to slide this week as the precious metal market trended further in to negative territory. This resulted in the second week in a row for silver being down with the latest Fix marking a new low level not seen since 2010.

America the Beautiful 5 Ounce Silver Coin

Melt Values of America the Beautiful Five Ounce Silver Coins, like this Yellowstone Coin, dropped 8.4% This Week

For the seven day Friday to Friday period, silver shed $1.82 an ounce, or a decline of 8.4%. The London Fix for Silver for today, June 21, 2013 was $19.87 an ounce.

 

Precious Metals Prices
June 21, 2013
London Fix Weekly Change
Gold 1,295.25 -$96.00 -6.9%
Silver $19.87 -$1.82 -8.4%
Platinum $1,365.00 -$83.00 -5.7%
Palladium $672.00 -$56.00 -7.7%

 

Precious metals were down across the board, as the chart above shows. Silver was hardest hit of the four metals listed with its drop of 8.4%. Palladium shed 7.7% with a negative $56 weekly comparison. Gold followed behind with a drop of 6.9% losing $96 an ounce. Finally, platinum lost the smallest percentage of the four metals with a decline of 5.7% shedding $83 an ounce.

The most recent Fix for silver marked a level not seen for the precious metal since 2010. In fact, the last time silver had traded lower than today’s Fix was September 7, 2010 when the Fix came in at $19.65 an ounce.

Silver coin melt values are accordingly depressed with today’s Fix. For example, a five ounce America the Beautiful Silver Coin now has an approximate melt value of under one hundred dollars at $99.35. For comparison, those same coins had melt values of $154.35 when the year started using the Fix of $30.87 on January 2nd.

The silver market rose even higher later in January with the 2013 high established on the 23rd of that month with a Fix of $32.23 an ounce. Comparing today’s Fix to that high sees a drop of $12.36 per ounce meaning the silver market has lost over 38% in less than five months.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, June 21, 2013, and a comparison to those values based on last week’s silver price.

Weekly Silver Coin Melt Value Comparisons

SILVER COIN Last Week’s Silver Melt Value This Week’s Silver Melt Value
Jefferson Nickel (1942-1945)
$1.22
$1.12
Barber Dime (1892-1916)
$1.57
$1.44
Mercury Dime (1916-1945)
$1.57
$1.44
Roosevelt Dime (1946-1964)
$1.57
$1.44
Barber Quarter (1892-1916)
$3.92
$3.59
Standing Liberty Quarter (1916-1930)
$3.92
$3.59
Washington Quarter (1932-1964)
$3.92
$3.59
Barber Half Dollar (1892-1915)
$7.85
$7.19
Walking Liberty Half Dollar (1916-1947)
$7.85
$7.19
Franklin Half Dollar (1948-1963)
$7.85
$7.19
Kennedy Half Dollar (1964)
$7.85
$7.19
Kennedy Half Dollar (1965-1970)
$3.21
$2.94
Morgan Dollar (1878-1921)
$16.78
$15.37
Peace Dollar (1921-1935)
$16.78
$15.37
Eisenhower Dollar (1971-1976)
$6.86
$6.28
American Silver Eagle
$21.69
$19.87
America the Beautiful 5 Oz. Silver Coins
$108.45
$99.35

 

Silver Coin Melt Values offers routinely updated silver market information and related melt values.

Speak Your Mind

*

 

Copyright © 2013 MADU Enterprises LLC.

Content of SilverCoinMeltValues.net including all material and calculators is offered for informational purposes only and should not be construed as investment or financial advice of any sort. As such, MADU Enterprises LLC will not be liable for any errors, inaccuracies, omissions or potential financial loss or damages incurred by its use. Due diligence on the part of the reader should be undertaken before any financial decisions are made to avoid economic loss. No portion of SilverCoinMeltValues.net may be reproduced or copied without previous written permission. MADU Enterprises LLC reserves the right to change these terms at any time.