September Starts With Fifth Straight Weekly Increase for Silver Set Melt Values

The first full week of September saw Silver Set Melt Values reach levels not seen in almost five months. This increase has been slowly building as the precious metal realized its fifth straight weekly increase.

For reference, the London Fix for silver for today, Friday, September 7, 2012 was $32.22 an ounce. This equates to a jump of $1.70 from where it was one week ago, or an increase of 5.6%.

Precious Metals Prices
September 7 , 2012
London Fix
Weekly Change
Gold
$1,728.00
+$79.50
+4.8%
Silver
$32.22
+$1.70
+5.6%
Platinum
$1,593.00
+$76.00
+5.0%
Palladium
$647.00
+$24.00
+3.9%

 

It was a banner week for all four precious metals shown in the chart above. Based on the Friday to Friday Fix, each one realized an increase of at least 3.9%. That smallest rise was seen in palladium with gold attaining a 4.8% jump, platinum an even 5.0% increase and silver’s aforementioned 5.6% leap.

Silver actually spent the week building through Thursday before Friday’s Fix realized a small correction down. The London Fix on Monday was $31.74 an ounce, up $1.22 from the previous Friday. It increased on Tuesday to $32.08, with a small jump on Wednesday to $32.10. A larger increase occurred on Thursday as the Fix came in at $32.87 before Friday’s slight downturn to $32.22 an ounce.

At $32.22 an ounce, the precious metal is up significantly from the 2012 low established on July 12th. That low was $26.67 an ounce giving this Friday’s Fix a positive $5.55 an ounce over that low, or 20.8%.

Conversely, silver is still down from the 2012 high set on February 29th of $37.23 an ounce. Based on that 2012 high, silver is down $5.01 from that high, or 13.5%

The chart below offers current coin melt values based on the Fix for Friday, September 7, 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)
$1.72
$1.81
Barber Dime (1892-1916)
$2.21
$2.33
Mercury Dime (1916-1945)
$2.21
$2.33
Roosevelt Dime (1946-1964)
$2.21
$2.33
Barber Quarter (1892-1916)
$5.52
$5.83
Standing Liberty Quarter (1916-1930)
$5.52
$5.83
Washington Quarter (1932-1964)
$5.52
$5.83
Barber Half Dollar (1892-1915)
$11.04
$11.65
Walking Liberty Half Dollar (1916-1947)
$11.04
$11.65
Franklin Half Dollar (1948-1963)
$11.04
$11.65
Kennedy Half Dollar (1964)
$11.04
$11.65
Kennedy Half Dollar (1965-1970)
$4.51
$4.77
Morgan Dollar (1878-1921)
$23.61
$24.92
Peace Dollar (1921-1935)
$23.61
$24.92
Eisenhower Dollar (1971-1976)
$9.65
$10.18
American Silver Eagle
$30.52
$32.22
America the Beautiful 5 Oz. Silver Coins
$152.60
$161.10

 

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

 

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