Silver Coin Melt Values Drop 8.1% Last Full Week Before Christmas

Investors and collectors may have a little less Christmas cheer this season as Silver Coin Melt Values realized another weekly decline. This is the third weekly decline seen for silver and the associated coin melt values based on the Friday to Friday London Fix for the precious metal.

Silver shed a massive 8.1% for the last week as the precious metal showed a $2.63 an ounce drop from where it stood just seven days ago. The London Fix for silver for today, December 21, 2012 was $29.89 an ounce. This marks the first time the precious metal had a Fix below $30 an ounce since August 22nd.

Precious Metals Prices
December 21, 2012
London Fix
Weekly Change
Gold
1,651.50
-$45.75
-2.7%
Silver
$29.89
-$2.63
-8.1%
Platinum
$1,533.00
-$80.00
-5.0%
Palladium
$675.00
-$25.00
-3.6%

 

As the chart above shows, it was a hard week for precious metals. Silver showed the biggest drop for the week with its aforementioned 8.1% drop. The next biggest loser for the week was platinum which lost $80 an ounce, or 5%. Palladium followed with a 3.6% decline with gold losing the least percentage wise with a drop of 2.7%.

Looking back at just silver shows the previous metal lost $0.31 an ounce on Monday when the Fix came in at $32.21. It actually rose a bit on Tuesday to $32.38. Then over $1 was lost on Wednesday when the Fix posted was $31.37. Thursday dropped even further to $31.12. The largest drop came on Friday when the precious metal decreased $1.23 an ounce to the previously mentioned $29.89.

With a Fix of $29.89 an ounce, silver is up 12% from the 2012 low set on July 12th. That Fix was $26.67 an ounce giving this Friday’s number a positive $3.22 from that low.

Conversely, comparing to the 2012 high is not as pleasing. That high was set on February 29th when the Fix came in at $37.23 an ounce. Comparing the two numbers shows this week’s Friday Fix down $7.34 from that high, or 19.7%.

The chart below offers current coin melt values based on the Fix for Friday, December 21, 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)
$1.83
$1.68
Barber Dime (1892-1916)
$2.35
$2.16
Mercury Dime (1916-1945)
$2.35
$2.16
Roosevelt Dime (1946-1964)
$2.35
$2.16
Barber Quarter (1892-1916)
$5.88
$5.41
Standing Liberty Quarter (1916-1930)
$5.88
$5.41
Washington Quarter (1932-1964)
$5.88
$5.41
Barber Half Dollar (1892-1915)
$11.76
$10.81
Walking Liberty Half Dollar (1916-1947)
$11.76
$10.81
Franklin Half Dollar (1948-1963)
$11.76
$10.81
Kennedy Half Dollar (1964)
$11.76
$10.81
Kennedy Half Dollar (1965-1970)
$4.81
$4.42
Morgan Dollar (1878-1921)
$25.15
$23.12
Peace Dollar (1921-1935)
$25.15
$23.12
Eisenhower Dollar (1971-1976)
$10.28
$9.45
American Silver Eagle
$32.52
$29.89
America the Beautiful 5 Oz. Silver Coins
$162.60
$149.45

 

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

 

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