Mid-August Silver Coin Melt Values Jump 12.4%

Silver prices rose this week by leaps and bounds with each successive day adding to the gains of the previous. By week’s end, silver and associated US Silver Coin Melt Values had risen by an amazing $2.52 per ounce realizing the largest weekly gain seen by the precious metal since January of 2012.

America the Beautiful 5 Ounce Silver Coin

Melt Values of America the Beautiful Five Ounce Silver Coins, like this Yellowstone Coin, jumped 12.4% this week

Looking at percentages shows silver and the melt values up by 12.4% from where they were a week ago and marked the second straight Friday to Friday period for gains. The London Fix for Silver for today, August 16, 2013 was $22.83 an ounce.

Precious Metals Prices
August 16, 2013
London Fix Weekly Change
Gold 1,369.25 +$60.25 +4.6%
Silver $22.83 +$2.52 +12.4%
Platinum $1,524.00 +$32.00 +2.1%
Palladium $762.00 +$23.00 +3.1%

 

Silver was not the only precious metal to mark significant gains this week. It was, however, the leader of the pack by far with its 12.4% rise. Next in line was gold which rose $60.25 an ounce equating to a 4.6% jump up. Palladium increased $23 an ounce, up 3.1%. Finally, platinum gained $32 an ounce giving it an increase of 2.1%.

The increase in the price of silver, of course, had a positive affect on associated melt values. For instance, an America the Beautiful 5 Ounce Silver Coin gained $12.60 in melt values this week comparing last Friday’s London Fix to this Friday’s. This is based on the five ounces of silver in each coin with last week’s melt value at approximately $101.55 for the strike and this week’s value at $114.15.

Despite the large gains this week, silver is still down from the 2013 high established on January 23rd of $32.23 an ounce. Comparing that high to this Friday’s Fix shows the silver market down $9.40 from that high, or a negative 29.2%.

Solace can be gained from the knowledge that the silver market is up from its 2013 low. That low was set in June at $18.61 an ounce on the 27th. The math shows this Friday’s Fix is up $4.22 from that low, or a gain of 22.67%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, August 16, 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)
$1.14
$1.28
Barber Dime (1892-1916)
$1.47
$1.65
Mercury Dime (1916-1945)
$1.47
$1.65
Roosevelt Dime (1946-1964)
$1.47
$1.65
Barber Quarter (1892-1916)
$3.67
$4.13
Standing Liberty Quarter (1916-1930)
$3.67
$4.13
Washington Quarter (1932-1964)
$3.67
$4.13
Barber Half Dollar (1892-1915)
$7.35
$8.26
Walking Liberty Half Dollar (1916-1947)
$7.35
$8.26
Franklin Half Dollar (1948-1963)
$7.35
$8.26
Kennedy Half Dollar (1964)
$7.35
$8.26
Kennedy Half Dollar (1965-1970)
$3.00
$3.38
Morgan Dollar (1878-1921)
$15.71
$17.66
Peace Dollar (1921-1935)
$15.71
$17.66
Eisenhower Dollar (1971-1976)
$6.42
$7.22
American Silver Eagle
$20.31
$22.83
America the Beautiful 5 Oz. Silver Coins
$101.55
$114.15

 

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

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