Melt Values of US Silver Coins Trend Down Third Week of July

Melt values of US silver coins ended this week down reversing a two week trend in which silver had shown slight gains. Last Friday marked the second of those weekly gains as the precious metal rose 1.8% compared to the previous Friday.

1964 Kennedy Half Dollar

Melt values of US Silver Coins, such as this 1964 Kennedy Half Dollar, fell this week 1.2%

Those gains were mostly forfeited back this week as the silver market realized some negative pressure forcing it to a London Fix today that was down 1.2% from its position last week. For the record, the London Fix for Silver for today, July 19, 2013 was $19.42 an ounce.

 

Precious Metals Prices
July 19, 2013
London Fix Weekly Change
Gold 1,295.75 +$16.00 +1.3%
Silver $19.42 -$0.24 -1.2%
Platinum $1,422.00 +$19.00 +1.4%
Palladium $743.00 +$27.00 +3.7%

 

Of the four precious metals shown in the chart above, silver was the only one down for the week with its aforementioned 1.2% drop. Leading the pack on gains was palladium which jumped an impressive 3.7% as the precious metal rose to $743 an ounce based on the London Fix. Platinum also rose with a $19 bump up, or a gain of 1.4%. Gold rose 1.3% with its $16 an ounce increase bringing it to $1,295.75 an ounce.

Looking at the week finds silver did spend a majority of the period in positive territory over last Friday’s Fix. On Monday, the Fix rose to $ 9.82 which was up from last Friday’s $19.66. It rose again on Tuesday to $19.95 and ounce before falling on Wednesday slightly to $19.83. Thursday saw a larger drop down to $19.49 with Friday coming in at the previously mentioned $19.42 an ounce.

At $19.42, associated silver coin melt values are also down compared to last week. For instance, a 1964 Kennedy Half Dollar struck from 90% silver had an approximate melt value of $7.11 last Friday but fell to $7.02 this Friday. This is based on the 0.36169 ounces of silver in each half dollar.

Silver ended this week still up marginally from the 2013 low established last month. That low was $18.61 an ounce an occurred on June 27th. From that low, silver is up 81¢, or 4.4%.

On the other end of the spectrum, the precious metal and associated melt values are still down significantly from the 2013 high. That high was set on January 23rd with a London Fix of $32.23 an ounce. This Friday’s Fix is down $12.81 from that high, or 39.7%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, July 19, 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)
$1.11
$1.09
Barber Dime (1892-1916)
$1.42
$1.40
Mercury Dime (1916-1945)
$1.42
$1.40
Roosevelt Dime (1946-1964)
$1.42
$1.40
Barber Quarter (1892-1916)
$3.56
$3.51
Standing Liberty Quarter (1916-1930)
$3.56
$3.51
Washington Quarter (1932-1964)
$3.56
$3.51
Barber Half Dollar (1892-1915)
$7.11
$7.02
Walking Liberty Half Dollar (1916-1947)
$7.11
$7.02
Franklin Half Dollar (1948-1963)
$7.11
$7.02
Kennedy Half Dollar (1964)
$7.11
$7.02
Kennedy Half Dollar (1965-1970)
$2.91
$2.87
Morgan Dollar (1878-1921)
$15.21
$15.02
Peace Dollar (1921-1935)
$15.21
$15.02
Eisenhower Dollar (1971-1976)
$6.21
$6.14
American Silver Eagle
$19.66
$19.42
America the Beautiful 5 Oz. Silver Coins
$98.30
$97.10

 

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

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