Mid June Silver Melt Values of US Coins Set New 2.5 Year Low

Precious metal enthusiasts were likely not in a good mood in recent days as the silver market took a significant dive. That downtrend also affected the associated silver melt values of US coins as the market fell to a new two and a half year low during the last seven day period.

1946 Walking Liberty Half Dollar

Silver Coin Melt Values, such as for this Walking Liberty Half Dollar, Fell To New 2.5 Year Lows This Week

Silver prices recovered slightly by the end of the week from that 2.5 year low, but still finished the week down a dismal 4.0% from where it was last Friday. For the record, the London Fix for Silver for today, June 14, 2013, was $21.69 an ounce.

 

Precious Metals Prices
June 14, 2013
London Fix Weekly Change
Gold 1,391.25 +$5.25 +0.4%
Silver $21.69 -$0.91 -4.0%
Platinum $1,448.00 -$57.00 -3.8%
Palladium $728.00 -$26.00 -3.4%

 

As the chart above shows, previous metals were hit hard in the week. The only one of the four to show any gains was gold which rose $5.20 (or a gain of 0.4%) to $1391.25. The remaining three precious metals fell with silver being the biggest loser with its drop of 4.0%. It was followed by platinum’s 3.8% decline and then palladium’s fall of 3.4%.

With silver at $21.69, the associated silver coin melt values are at levels not seen in over two and a half years, as previously mentioned. For instance, a Walking Liberty Half Dollar issued from 1916 through 1947 now has a melt value of just $7.85 based on the 0.36169 troy ounces of the precious metal in each. For comparison, the same coin had a melt value of $11.66 on January 23rd of this year.

That January 23rd Fix serves as the high London Fix for 2013. It was $32.23 an ounce.

Conversely, the new low for the year was established just this week. Monday’s Fix fell to $21.81 following the previous Friday’s $22.60. On Tuesday, it dropped to the new annual low of $21.58 before climbing on Wednesday to $21.78 and again on Thursday to $21.83 before a drop on Friday to $21.69.

This Friday’s Fix of $21.69 marks a drop of $10.54 from the high of January 23rd. Doing the math shows that equates to a decline of 32.7% in just under five months.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, June 14, 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)
$1.27
$1.22
Barber Dime (1892-1916)
$1.63
$1.57
Mercury Dime (1916-1945)
$1.63
$1.57
Roosevelt Dime (1946-1964)
$1.63
$1.57
Barber Quarter (1892-1916)
$4.09
$3.92
Standing Liberty Quarter (1916-1930)
$4.09
$3.92
Washington Quarter (1932-1964)
$4.09
$3.92
Barber Half Dollar (1892-1915)
$8.17
$7.85
Walking Liberty Half Dollar (1916-1947)
$8.17
$7.85
Franklin Half Dollar (1948-1963)
$8.17
$7.85
Kennedy Half Dollar (1964)
$8.17
$7.85
Kennedy Half Dollar (1965-1970)
$3.34
$3.21
Morgan Dollar (1878-1921)
$17.48
$16.78
Peace Dollar (1921-1935)
$17.48
$16.78
Eisenhower Dollar (1971-1976)
$7.14
$6.86
American Silver Eagle
$22.60
$21.69
America the Beautiful 5 Oz. Silver Coins
$113.00
$108.45

 

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

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