Silver Coin Melt Values End Second Week of August up 2.3%

Silver climbed as high as 2.8% above last Friday’s Fix this week before settling at a still respectable 2.3% increase by the end of the week. This increase brought Silver Coin Melt Values up along with it reversing a decline seen in the previous weekly report.

Last week’s decline came in at a drop of 1.7% when the London Fix for Silver ended on that Friday at $27.25 an ounce. In comparison, this week’s Friday Fix was $27.88 an ounce, up $0.63 from last week, or the aforementioned 2.3%.

Precious Metals Prices
August 10 , 2012
London Fix
Weekly Change
Gold
$1,618.50
+$16.5
+1.0%
Silver
$27.88
+$0.63
+2.3%
Platinum
$1,399.00
+$9.00
+0.6%
Palladium
$578.00
+$5.00
+0.9%

 

It ended up being a good week for precious metals as the chart above shows. All four listed showed improvement. Best among the four was silver with its 2.3% increase. It was followed by gold which jumped up 1% during the week, then palladium which realized an increase of 0.9%. Platinum ended the week up 0.6%.

Silver had three days of daily increases and two of declines in the past week. Monday’s London Fix came in at $27.72 an ounce, up from the previous Friday’s $27.25. It was followed on Tuesday by another increase up to $28 even. Wednesday saw a drop as the London Fix came in at $27.84. Thursday jumped up again, this time to $28.02. Finally, Friday’s Fix fell to the previously mentioned $27.88 an ounce.

With this weekly increase, silver is now $1.21 from the 2012 low of $26.67 established on July 12th. Doing the math shows the most recent Fix is up 4.5% from that low.

In contrast, Friday’s Fix is still down significantly from the 2012 high established on February 29th of $37.23 an ounce. The precious metal is still down $9.35 from that high, or 25.1%.

The chart below offers current coin melt values based on the Fix for Friday, August 10, 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)
$1.53
$1.57
Barber Dime (1892-1916)
$1.97
$2.02
Mercury Dime (1916-1945)
$1.97
$2.02
Roosevelt Dime (1946-1964)
$1.97
$2.02
Barber Quarter (1892-1916)
$4.93
$5.04
Standing Liberty Quarter (1916-1930)
$4.93
$5.04
Washington Quarter (1932-1964)
$4.93
$5.04
Barber Half Dollar (1892-1915)
$9.86
$10.08
Walking Liberty Half Dollar (1916-1947)
$9.86
$10.08
Franklin Half Dollar (1948-1963)
$9.86
$10.08
Kennedy Half Dollar (1964)
$9.86
$10.08
Kennedy Half Dollar (1965-1970)
$4.03
$4.12
Morgan Dollar (1878-1921)
$21.08
$21.56
Peace Dollar (1921-1935)
$21.08
$21.56
Eisenhower Dollar (1971-1976)
$8.61
$8.81
American Silver Eagle
$27.25
$27.88
America the Beautiful 5 Oz. Silver Coins
$136.25
$139.40

 

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

 

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