Silver Coin Melt Values Down for March, But Up for Quarter

March proved to be an interesting month for silver and the associated melt values of silver coins. That is because the period marked both significant declines and notable gains depending upon whether one references only the month or the quarter which it closed.

1954 Franklin Half Dollar

Silver Coin Melt Values (such as for this 1954 Franklin Half Dollar) were down in March, but gained for the first quarter of the year

For the month of February, silver ended down sharply with a London Fix of $19.97 an ounce. This was down from the month’s high of $21.46 set on the 3rd, and also down for the monthly comparison versus February’s close of $21.27 an ounce. Looking at just the monthly decline shows a loss of $1.30 an ounce, or a dip of 6.1%.

Averages for the two months were much closer. March had an average London Fix of $20.74 compared to February’s average of $20.83 for a difference of only $0.09, or -0.4%.

For a notable gain, we can look further back and find the first quarter of the year closed with an increase of $0.47 an ounce. These gains were driven by a strong February which saw double digit increases. The quarter, aided by those February results, ended up 2.4%.

Along with the precious metal, associated silver coin melt values also fluctuated depending upon the date range used. Those comparisons are offered in the charge below:

 

December 2013, February 2014 and March 2014
Silver Coin Melt Value Comparisons

SILVER COIN
December 2013
Average Melt Value
February 2014
Average Melt Value
March 2014
Average Melt Value
Jefferson Nickel (1942-1945)
$1.10
$1.20
$1.17
Barber Dime (1892-1916)
$1.42
$1.54
$1.50
Mercury Dime (1916-1945)
$1.42
$1.54
$1.50
Roosevelt Dime (1946-1964)
$1.42
$1.54
$1.50
Barber Quarter (1892-1916)
$3.55
$3.85
$3.75
Standing Liberty Quarter (1916-1930)
$3.55
$3.85
$3.75
Washington Quarter (1932-1964)
$3.55
$3.85
$3.75
Barber Half Dollar (1892-1915)
$7.09
$7.69
$7.50
Walking Liberty Half Dollar (1916-1947)
$7.09
$7.69
$7.50
Franklin Half Dollar (1948-1963)
$7.09
$7.69
$7.50
Kennedy Half Dollar (1964)
$7.09
$7.69
$7.50
Kennedy Half Dollar (1965-1970)
$2.90
$3.15
$3.07
Morgan Dollar (1878-1921)
$15.17
$16.45
$16.04
Peace Dollar (1921-1935)
$15.17
$16.45
$16.04
Eisenhower Dollar (1971-1976)
$6.20
$6.72
$6.56
American Silver Eagle
$19.61
$21.27
$20.74
America the Beautiful 5 Oz. Silver Coins
$98.05
$106.35
$103.70

 

The above chart compares the average melt value of silver coins in December of 2013, in February of 2014 and in March of 2014.

The London market saw these other precious metal results in March 2014:

  • Gold fell $34.74 an ounce at the end of March to $1291.75, equating to a monthly drop of 2.6%
  • Platinum in March dipped to $1418 an ounce by month’s end, a decrease of of $37, or 2.5%
  • Palladium rose in March to $778 an ounce by the end of the month, an increase of $32, or 4.3%

To find the values of your own coin collection, visit this site’s silver coin melt values calculator.

 

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