Melt Values of US Silver Coins Increase 4.7%

Robust returns were seen by the silver market this week as the precious metal climbed over a dollar an ounce from its position last Friday. Consequently, the Melt Values of US Silver Coins also rose along with the associated precious metal.

1964 Kennedy Half Dollar

Melt values of US Silver Coins, such as this 1964 Kennedy Half Dollar, rose 4.7% this week

Based on the Friday to Friday London Fix, silver jumped up $1.02 an ounce. This equates to an increase of 4.7%. The London Fix for Silver for today, September 20, 2013 was $22.74 an ounce.

 

Precious Metals Prices
September 20, 2013
London Fix Weekly Change
Gold 1,349.25 +$30.75 +2.3%
Silver $22.74 +$1.02 +4.7%
Platinum $1,447.00 +$6.00 +0.4%
Palladium $726.00 +$26.00 +3.7%

 

Previous metals had a very good week, overall. Leading the charge up was silver with its aforementioned 4.7% bump. Palladium followed increasing $26 an ounce, or +3.7%. Gold climbed 2.3% with a $30.75 an ounce increase followed by platinum which rose $6 an ounce, or 0.4%.

Silver’s trend during the week was filled with ups and downs. The precious metal started Monday with a Fix of $21.88, up from the previous Friday’s $21.72. It climbed again on Tuesday to $21.97 before losing 50¢ on Wednesday with a Fix of $21.47. Things turned much brighter on Thursday when the Fix shot up $1.53 an ounce to $23 even before Friday’s moderate correction down to $22.74.

With a Fix of $22.74, associated silver coin melt values are up significantly from there position last week. Take for instance a 1964 Kennedy Half Dollar which contains 0.36169 troy ounces of silver. That coin had an approximate melt value of $7.86 last week Friday , but was up to $8.22 this week Friday.

The Fix of $22.74 today is up a total of $4.13 from its low position for the year. That low came on June 27th and was $18.61 an ounce.

On the flip side, the precious metal is still down significantly from the 2013 high established on January 23rd. The Fix that day came in at $32.23 an ounce giving this Friday’s Fix a negative $9.49 from that high, or down 29.4%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, September 20, 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
$1.28
Barber Dime (1892-1916)
$1.57
$1.65
Mercury Dime (1916-1945)
$1.57
$1.65
Roosevelt Dime (1946-1964)
$1.57
$1.65
Barber Quarter (1892-1916)
$3.93
$4.11
Standing Liberty Quarter (1916-1930)
$3.93
$4.11
Washington Quarter (1932-1964)
$3.93
$4.11
Barber Half Dollar (1892-1915)
$7.86
$8.22
Walking Liberty Half Dollar (1916-1947)
$7.86
$8.22
Franklin Half Dollar (1948-1963)
$7.86
$8.22
Kennedy Half Dollar (1964)
$7.86
$8.22
Kennedy Half Dollar (1965-1970)
$3.21
$3.36
Morgan Dollar (1878-1921)
$16.80
$17.59
Peace Dollar (1921-1935)
$16.80
$17.59
Eisenhower Dollar (1971-1976)
$6.87
$7.19
American Silver Eagle
$21.72
$22.74
America the Beautiful 5 Oz. Silver Coins
$108.60
$113.70

 

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

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