Mid-February Sees Biggest 2013 Weekly Decline to Date for Silver Coin Melt Values

A significant drop in the price of silver this week brought down Silver Coin Melt Values as the precious metal shed 4.3% for the seven day period. This marks the biggest weekly decline of the year based on the Friday to Friday London Fix.

Comparing to last Friday, silver declined $1.34 an ounce. The London Fix for silver for today, February 15, 2013 was $30.18 an ounce.

 

Precious Metals Prices
February 15, 2013
London Fix
Weekly Change
Gold
1,612.25
-$56.00
-3.4%
Silver
$30.18
-$1.34
-4.3%
Platinum
$1,676.00
-$38.00
-2.2%
Palladium
$754.00
+$8.00
+1.1%

 

As for precious metals in general, it was also a tough week. Of the four listed in the chart above, only one of them showed any gains. That metal was palladium which rose 1.1% based on its $8 an ounce improvement. Platinum dropped 2.2% falling $38 with gold shedding 3.4% with its drop of $56. The hardest hit, however, was the previously mentioned silver market which lost $1.34 this week, or 4.3%.

The silver market showed troubles early in the week as the Monday Fix came in at $31.16, down from the previous Friday’s $31.52 an ounce. It fell further on Tuesday to $30.84 before a slight rebound on Wednesday with a Fix of $31.035. Thursday fell down to $30.88 before today’s Fix of $30.18.

At $30.18 an ounce, the precious metal is only up $0.86 from the 2013 low set on January 4th of $29.32 Calculating the difference shows silver is up just 2.9% from that low.

On the other hand, the white metal is down significantly from the 2013 high set on January 23rd of $32.23 an ounce. Comparing this Friday’s Fix to that high shows a drop of $2.05 an ounce, or 6.4%.

The chart below offers current coin melt values based on the Fix for Friday, February 15, 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)
$1.77
$1.70
Barber Dime (1892-1916)
$2.28
$2.18
Mercury Dime (1916-1945)
$2.28
$2.18
Roosevelt Dime (1946-1964)
$2.28
$2.18
Barber Quarter (1892-1916)
$5.70
$5.46
Standing Liberty Quarter (1916-1930)
$5.70
$5.46
Washington Quarter (1932-1964)
$5.70
$5.46
Barber Half Dollar (1892-1915)
$11.40
$10.92
Walking Liberty Half Dollar (1916-1947)
$11.40
$10.92
Franklin Half Dollar (1948-1963)
$11.40
$10.92
Kennedy Half Dollar (1964)
$11.40
$10.92
Kennedy Half Dollar (1965-1970)
$4.66
$4.46
Morgan Dollar (1878-1921)
$24.38
$23.34
Peace Dollar (1921-1935)
$24.38
$23.34
Eisenhower Dollar (1971-1976)
$9.96
$9.54
American Silver Eagle
$31.52
$30.18
America the Beautiful 5 Oz. Silver Coins
$157.60
$150.90

 

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

 

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