Melt Values of US Silver Coins Rise 1.8% in Mid-July

For the second week in a row, melt values of US silver coins showed improvement based on the Friday to Friday London Fix comparison. Silver rose this week by 1.8% which followed last week’s early July bump of 2.4%.

1914 Barber Half Dollar

Melt values of US silver coins, such as this Barber Half Dollar, rose this week by 1.8%

The precious metal gained $0.34 from last Friday. The London Fix for Silver for today, July 12, 2013 was $19.66 an ounce.

 

Precious Metals Prices
July 12, 2013
London Fix Weekly Change
Gold 1,279.75 +$67.00 +5.5%
Silver $19.66 +$0.34 +1.8%
Platinum $1,403.00 +$76.00 +5.7%
Palladium $716.00 +$47.00 +7.0%

 

Normally, one would consider silver’s increase of 1.8% as quite respectable. That being said, it was the runt of the litter when it comes to this week’s precious metal gains as shown in the chart above. Of the four metals shown, silver realized the smallest improvement with its 34¢ gain. Gold was next in line improving by 5.5% with a $67 an ounce jump. It was followed closely by platinum’s 5.7% increase and then palladium which had the highest percentage gain at 7.0%.

Silver started the week down, had a recovery mid-week, and then fell slightly on Friday. On Monday, the Fix was $19.16, down from last Friday’s $19.32. It fell further on Tuesday to $19.10 before recovering to $19.37 on Wednesday. Another large gain came on Thursday to $19.85 before falling on Friday to $19.66.

Today’s silver Fix of $19.66 an ounce recovers some lost territory in silver coin melt values from earlier this year. For example, a Barber Half Dollar struck with 0.36169 ounces of silver had an approximate melt value of $7.11 using today’s Fix of $19.66. That same coin had a melt value of just $6.73 late last month when the Fix fell to a two and a half year low at $18.61 an ounce.

That low of $18.61 an ounce.was set on June 27th. Comparing today’s Fix to that low shows an increase of $1.05 an ounce, or a gain of 5.6%.

The precious metal is still down, however, from the 2013 high set on January 23rd. That high came in at $32.23 an ounce. Comparing the most recent Fix to that high shows a drop of $12.57, or a decline of 39%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, July 12, 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)
$1.09
$1.11
Barber Dime (1892-1916)
$1.40
$1.42
Mercury Dime (1916-1945)
$1.40
$1.42
Roosevelt Dime (1946-1964)
$1.40
$1.42
Barber Quarter (1892-1916)
$3.49
$3.56
Standing Liberty Quarter (1916-1930)
$3.49
$3.56
Washington Quarter (1932-1964)
$3.49
$3.56
Barber Half Dollar (1892-1915)
$6.99
$7.11
Walking Liberty Half Dollar (1916-1947)
$6.99
$7.11
Franklin Half Dollar (1948-1963)
$6.99
$7.11
Kennedy Half Dollar (1964)
$6.99
$7.11
Kennedy Half Dollar (1965-1970)
$2.86
$2.91
Morgan Dollar (1878-1921)
$14.94
$15.21
Peace Dollar (1921-1935)
$14.94
$15.21
Eisenhower Dollar (1971-1976)
$6.11
$6.21
American Silver Eagle
$19.32
$19.66
America the Beautiful 5 Oz. Silver Coins
$96.60
$98.30

 

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

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