Melt Values of US Silver Coins Plummet 5.8% In Mid-September

Silver prices plummeted this week marking the second one in a row in which the market and associated Melt Values of US Silver Coins fell. The fall came after an early rally which saw the prices rise significantly on Monday. That bump up did not last, however, as by Wednesday the London Fix was at a level below last Friday’s.

1946 Walking Liberty Half Dollar

Silver Coin Melt Values, such as the Walking Liberty Half Dollar, Fell 5.8% This Week

For the week based on the Friday to Friday Fix, silver and associated melt values lost $1.33 an ounce which equates to a 5.8% decline. The London Fix for Silver for today, September 13, 2013 was $21.72 an ounce.

 

Precious Metals Prices
September 13, 2013
London Fix Weekly Change
Gold 1,318.50 -$68.50 -4.9%
Silver $21.72 -$1.33 -5.8%
Platinum $1,441.00 -$57.00 -3.8%
Palladium $700.00 +$1.00 +0.1%

 

It was not a stellar week for precious metals, as the chart above shows. The only one of the four to be in positive territory was palladium which gained just $1 an ounce for a 0.1% increase. Platinum lost $57 an ounce shedding 3.8% of its value. Next in line was gold which dropped $68.50 an ounce for a 4.9% decline. Losing the biggest (percentage wise) was silver with its $1.33 per ounce decrease leading to a 5.8% drop.

As mentioned, the week started off good for silver. The precious metal had a London Fix of $23.64 on Monday which was 59¢ an ounce over the previous Friday’s Fix. It fell slightly on Tuesday to $23.32 with another drop occurring on Wednesday to $22.91. The loss continued on Thursday with a Fix of $22.67 before Friday which saw the biggest drop down to $21.72 an ounce.

At $21.72 an ounce, all silver coin melt values are down the aforementioned 5.8% from last Friday. This includes the Silver Walking Liberty Half Dollars released from 1916-1947. Last Friday, each half-dollar had an approximate melt value of $8.34. That same coin today has an approximate melt value of $7.86.

This Friday’s Fix is still up from the 2013 low established on June 27th. That low was a Fix of $18.61 giving this Friday’s Fix a positive $3.11 an ounce from that low, or a gain of 16.7%.

To temper that happiness over the yearly low, we need just look at the 2013 high. That was set on January 23rd when the London Fix came in at $32.23 an ounce. This makes this Friday’s Fix down $10.51 an ounce from that high, or a drop of 32.6%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, September 9, 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)
$1.30
$1.22
Barber Dime (1892-1916)
$1.67
$1.57
Mercury Dime (1916-1945)
$1.67
$1.57
Roosevelt Dime (1946-1964)
$1.67
$1.57
Barber Quarter (1892-1916)
$4.17
$3.93
Standing Liberty Quarter (1916-1930)
$4.17
$3.93
Washington Quarter (1932-1964)
$4.17
$3.93
Barber Half Dollar (1892-1915)
$8.34
$7.86
Walking Liberty Half Dollar (1916-1947)
$8.34
$7.86
Franklin Half Dollar (1948-1963)
$8.34
$7.86
Kennedy Half Dollar (1964)
$8.34
$7.86
Kennedy Half Dollar (1965-1970)
$3.41
$3.21
Morgan Dollar (1878-1921)
$17.83
$16.80
Peace Dollar (1921-1935)
$17.83
$16.80
Eisenhower Dollar (1971-1976)
$7.29
$6.87
American Silver Eagle
$23.05
$21.72
America the Beautiful 5 Oz. Silver Coins
$115.25
$108.60

 

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

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