Silver Coin Melt Values End Down For Third Straight Week

Silver Coin Melt Values shed another two percent this week as the silver market continued to trend down. This marks the third week in a row for silver declines based on the Friday to Friday London Fix.

The precious metal lost a more significant 4.3% last week preceded by a 3% drop the week before that. The London Fix for Silver for today, October 26, 2012 was $31.67 an ounce.

Precious Metals Prices
October 26, 2012
London Fix
Weekly Change
Gold
$1,716.00
-$21.00
-1.2%
Silver
$31.67
-$0.66
-2.0%
Platinum
$1,561.00
-$72.00
-4.4%
Palladium
$604.00
-$34.00
-5.3%

 

All four precious metals in the chart shown above showed declines for the week. The biggest loser was palladium which shed $34 based on the Friday to Friday PM Fix coming in down 5.3%. Platinum followed with a decline of 4.4% with silver coming next with its drop of 2.0%. Least affected during the week was gold which lost just 1.2%.

Silver resumed its roller-coaster results this week as the precious metal started Monday down $0.16 from the previous Friday’s Fix coming in at $32.17 an ounce. It sky-rocketed up to $33.79 an ounce on Tuesday before a large correction on Wednesday took it down to $31.95 (a difference of $1.84 or 5.4%). Thursday rose slightly to $32.08 before the aforementioned Fix on Friday of $31.67 an ounce.

The precious metal is still up from its 2012 low established on July 12th. That low was $26.67 an ounce giving this Friday’s Fix a positive $5 from that low, or an increase of 18.7%.

On the other side, however, silver is still down significantly from its 2012 high. That high was set on February 29th when the precious metal reached $37.23 an ounce. This makes this Friday’s Fix down $5.56 from that high, or a drop of -14.9%.

The chart below offers current coin melt values based on the Fix for Friday, October 26, 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)
$1.82
$1.78
Barber Dime (1892-1916)
$2.34
$2.29
Mercury Dime (1916-1945)
$2.34
$2.29
Roosevelt Dime (1946-1964)
$2.34
$2.29
Barber Quarter (1892-1916)
$5.85
$5.73
Standing Liberty Quarter (1916-1930)
$5.85
$5.73
Washington Quarter (1932-1964)
$5.85
$5.73
Barber Half Dollar (1892-1915)
$11.69
$11.45
Walking Liberty Half Dollar (1916-1947)
$11.69
$11.45
Franklin Half Dollar (1948-1963)
$11.69
$11.45
Kennedy Half Dollar (1964)
$11.69
$11.45
Kennedy Half Dollar (1965-1970)
$4.78
$4.68
Morgan Dollar (1878-1921)
$25.01
$24.49
Peace Dollar (1921-1935)
$25.01
$24.49
Eisenhower Dollar (1971-1976)
$10.22
$10.01
American Silver Eagle
$32.33
$31.67
America the Beautiful 5 Oz. Silver Coins
$161.65
$158.35

 

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

 

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