Mid-April US Silver Set Melt Values Climb 1.6%

US Silver Set Melt Values reversed a two-week trend of declines as the silver market showed some slight improvement this week. Based on the Friday to Friday London Fix, US silver set melt values rose by 1.6% in the last seven days.

2012 Silver Proof Set

US Silver Proof Sets (like this 2012 version) realized a 1.6% increase this week in its melt value

That slight increase follows last week’s 5.8% drop and the previous week’s 1.4% decline. The London Fix for Silver for today, Friday April 12, 2013 was $27.40 an ounce.

Precious Metals Prices
April 12, 2013
London Fix Weekly Change
Gold 1,565.00 -$3.00 -0.2%
Silver $27.40 +$0.43 +1.6%
Platinum $1,531.50 +$0.50 +0.0%
Palladium $723.00 +$3.00 +0.4%

 

For the week, precious metals actually changed very little. Of the four shown in the chart above, one had a slight decline with three showing improvement, albeit relatively minor for two of them. Leading the pack was silver’s 1.6% jump up which dwarfed palladium’s increase of 0.4%. Platinum also showed improvement, but only $0.50 an ounce. Finally, gold showed a negative trend for the week as it fell 0.2%.

The daily swings for silver during the week were both up and down. On Monday, the London Fix for silver was $27.27 an ounce, up from last Friday’s $26.97. Tuesday, the silver market fell slightly to $27.25 before a large increase on Wednesday to $27.74. Thursday dropped to $27.57 before today’s Fix of $27.40.

At $27.40 an ounce for silver, a recent silver proof set from the United States Mint would have an approximate melt value of $36.67. This is based on the 1.33823 ounces of silver found in such sets as the 2010-2012 US Silver Proof Sets.

Comparing this week’s final London Fix of $27.40 to the 2013 low shows the silver market as up $0.60 from that low, or 2.2%. The low for the year was set just last week on April 4th with its Fix of #26.80 an ounce.

Conversely, today’s Fix is down significantly from the 2013 high set on January 23rd of $32.23 an ounce. Doing the math shows today’s Fix is down $4.83 from that high, or 15%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, April 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)
$1.52
$1.54
Barber Dime (1892-1916)
$1.95
$1.98
Mercury Dime (1916-1945)
$1.95
$1.98
Roosevelt Dime (1946-1964)
$1.95
$1.98
Barber Quarter (1892-1916)
$4.88
$4.96
Standing Liberty Quarter (1916-1930)
$4.88
$4.96
Washington Quarter (1932-1964)
$4.88
$4.96
Barber Half Dollar (1892-1915)
$9.75
$9.91
Walking Liberty Half Dollar (1916-1947)
$9.75
$9.91
Franklin Half Dollar (1948-1963)
$9.75
$9.91
Kennedy Half Dollar (1964)
$9.75
$9.91
Kennedy Half Dollar (1965-1970)
$3.99
$4.05
Morgan Dollar (1878-1921)
$20.86
$21.19
Peace Dollar (1921-1935)
$20.86
$21.19
Eisenhower Dollar (1971-1976)
$8.53
$8.66
American Silver Eagle
$26.97
$27.40
America the Beautiful 5 Oz. Silver Coins
$134.85
$137.00

 

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

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