Mid-September Finds Silver Coin Melt Values In Sixth Straight Weekly Increase

Silver realized another banner week as the precious metal rose 7.7% bringing Silver Coin Melt Values up along with it. Even more impressive than the weekly increase is the fact it marks the sixth straight week in which the precious metal has shown improvement based on the Friday to Friday London Fix.

The London Fix for today, September 14, 2012, was $34.71 an ounce. This is up $2.49 from last Friday’s Fix of $32.22 an ounce, or the aforementioned 7.7%.

Precious Metals Prices
September 14, 2012
London Fix
Weekly Change
Gold
$1,775.50
+$47.50
+2.7%
Silver
$34.71
+$2.49
+7.7%
Platinum
$1,697.00
+$104.00
+6.5%
Palladium
$702.00
+$55.00
+8.5%

 

All four precious metals shown in the chart above showed marked increases for the week. Leading the pack was palladium which rose 8.5% with its $55 an ounce jump to $702. It was followed closely by silver’s 7.7% increase and platinum which rose 6.5%. Gold had the smallest bump increasing only 2.7% with its $47.50 an ounce rise.

Silver spent the week facing ups and downs. The precious metal had a Fix on Monday of $33.60 an ounce which was up $1.38 from the previous Friday. On Tuesday, the precious metal fell slightly to $33.52. Wednesday saw the Fix increase again, this time to $33.93 before Thursday corrected down to $33 even. Finally, Friday rose significantly to the aforementioned $34.71 which was a one day jump of 5.2%.

The precious metal still has a ways to climb to reach the 2012 high established on February 29th. That high was $37.23 an ounce making this Friday’s Fix still down $2.52 from that high, or 6.8%.

Looking at the opposite end of the spectrum, the precious metal is up significantly from the 2012 low set on July 12th of $26.67 an ounce. Based on Friday’s Fix, the precious metal is up $8.04 from that low, or 30.1%.

The chart below offers current coin melt values based on the Fix for Friday, September 14, 2012, 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)
$1.81
$1.95
Barber Dime (1892-1916)
$2.33
$2.51
Mercury Dime (1916-1945)
$2.33
$2.51
Roosevelt Dime (1946-1964)
$2.33
$2.51
Barber Quarter (1892-1916)
$5.83
$6.28
Standing Liberty Quarter (1916-1930)
$5.83
$6.28
Washington Quarter (1932-1964)
$5.83
$6.28
Barber Half Dollar (1892-1915)
$11.65
$12.55
Walking Liberty Half Dollar (1916-1947)
$11.65
$12.55
Franklin Half Dollar (1948-1963)
$11.65
$12.55
Kennedy Half Dollar (1964)
$11.65
$12.55
Kennedy Half Dollar (1965-1970)
$4.77
$5.13
Morgan Dollar (1878-1921)
$24.92
$26.85
Peace Dollar (1921-1935)
$24.92
$26.85
Eisenhower Dollar (1971-1976)
$10.18
$10.97
American Silver Eagle
$32.22
$34.71
America the Beautiful 5 Oz. Silver Coins
$161.10
$173.55

 

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

 

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