Monthly US Silver Coin Melt Values End March Down Over 1%

March 2013 ended down slightly for US Silver Coin Melt Values when compared to their position at the end of February. Using the last trading day of each month finds that Silver Coin Melt Values have dropped 1.1% from where they were.

1922 Peace Dollar

US silver coin melt values, like for this 1922 Peace Dollar, fell during March

This is based on the London Fix for Silver for February 28, 2013 which was $28.95 an ounce compared to today’s (March 28, 2013) Fix of $28.64. Using those two numbers shows the silver market fell $0.31 an ounce in March dragging down the associated melt values.

*March markets closed early due to the holiday schedules associated with Easter.

 

Precious Metals Prices
March 28, 2013
London Fix
Monthly Change
Gold
$1,598.25
+$9.75
+0.6%
Silver
$28.64
-$0.31
-1.1%
Platinum
$1,576.00
-$22.00
-1.4%
Palladium
$770.00
+$26.00
+3.5%

 

Precious metals split during the month with two of the four shown above making gains and two realizing declines. Significant improvement was seen for palladium which jumped $26 an ounce, or 3.5%, during March. Gold also increased, but just by 0.6%, or $9.75 an ounce. As already mentioned, silver fell 1.1% with platinum losing slightly more (percentage wise) with a 1.4% drop.

Focusing back on silver shows the precious metal ended March about in the middle of its highs and lows for the month. The March low came in on the first with a Fix of $28.01 an ounce. The March high for silver occurred on the 12th with a Fix of $29.25 an ounce.

Comparing today’s Fix of $28.64 finds the precious metal (and associated melt values) down significantly from the 2013 high set on January 23rd. That high was $32.23 an ounce giving today’s Fix a negative $3.59 from that high, or down 11.1%.

Melt values and the silver market are up, however, when comparing to the 2013 low. The low came during March with the Fix of the 1st at $28.01 an ounce. Doing the math gives today’s Fix a gain of $0.63 an ounce from that low, or 2.2%.

To compare the drop realized by a single coin, we can look to the 1921-1935 Peace Dollars. Each of those coins contain approximately 0.77344 ounces of silver. Using that composition, we find that the US Peace Dollars had an approximate melt value of $10.47 at the end of February with the melt value down to $10.36 at the end of this month.

The chart below offers current US Silver Coin Melt Values based on the Fix for Thursday, March 28, 2013, and a comparison to those values from the end of last month, February 2013.

Monthly Silver Coin Melt Value Comparisons

SILVER COIN
Last Month’s Silver Melt Value
This Month’s Silver Melt Value
Jefferson Nickel (1942-1945)
$1.63
$1.61
Barber Dime (1892-1916)
$2.09
$2.07
Mercury Dime (1916-1945)
$2.09
$2.07
Roosevelt Dime (1946-1964)
$2.09
$2.07
Barber Quarter (1892-1916)
$5.24
$5.18
Standing Liberty Quarter (1916-1930)
$5.24
$5.18
Washington Quarter (1932-1964)
$5.24
$5.18
Barber Half Dollar (1892-1915)
$10.47
$10.36
Walking Liberty Half Dollar (1916-1947)
$10.47
$10.36
Franklin Half Dollar (1948-1963)
$10.47
$10.36
Kennedy Half Dollar (1964)
$10.47
$10.36
Kennedy Half Dollar (1965-1970)
$4.28
$4.24
Morgan Dollar (1878-1921)
$22.39
$22.15
Peace Dollar (1921-1935)
$22.39
$22.15
Eisenhower Dollar (1971-1976)
$9.15
$9.05
American Silver Eagle
$28.95
$28.64
America the Beautiful 5 Oz. Silver Coins
$144.75
$143.20

 

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

 

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