Silver Coin Melt Values ended down for the fifth week in a row as silver continued a weekly slide started in mid-April. Silver prices also tread into new 2012 low territory for the week. However, Friday’s Fix showed a significant rally above that low. The London Fix for Silver for Friday, May 18, 2012 was $28.48 an ounce.
Weekly silver prices have been dropping since April 13, 2012 when the precious metal showed its last weekly increase (based on the London Fix each Friday) with a Fix of $32.365 an ounce – an increase of 3.5% from the week before that. Since then, the precious metal has dropped 1.8%, 2%, 4% and 4.4% each successive week.
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Precious Metals Prices
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May 18 , 2012
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London Fix
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Weekly Change
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| Gold |
$1,589.00
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+$6.50
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+0.4%
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| Silver |
$28.48
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-$0.10
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-0.3%
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| Platinum |
$1,456.00
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-$10.00
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-0.7%
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| Palladium |
$605.00
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+/- $0.00
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+/- 0.0%
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As shown in the chart above, all four of the precious metals listed had relatively stable weeks comparing this Friday to the previous Friday. The biggest loser was platinum which only dropped 0.7% with the biggest winner being gold with its increase of just 0.4%.
Silver started a slide on Monday with a Fix of $28.33, down from the previous Friday’s $28.58. The slide continued on Tuesday to $28.28 an ounce before a large drop on Wednesday to $27.25. The precious metal improved slightly on Thursday with a Fix of $27.48 before Friday’s rally to $28.48 an ounce.
That Wednesday Fix of $27.25 is now the new low Fix for the year. That title had previously been held by last week’s Friday Fix of $28.58 an ounce. The 2012 high is still $37.23 an ounce established on February 29, 2012.
The chart below offers current coin melt values based on the Fix for Friday, May 18, 2012, and a comparison to those values based on last week’s silver price.
Weekly Silver Coin Melt Value Comparisons
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SILVER COIN
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Last Week’s Silver Melt Value
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This Week’s Silver Melt Value
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| Jefferson Nickel (1942-1945) |
$1.61
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$1.60
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| Barber Dime (1892-1916) |
$2.07
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$2.06
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| Mercury Dime (1916-1945) |
$2.07
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$2.06
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| Roosevelt Dime (1946-1964) |
$2.07
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$2.06
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| Barber Quarter (1892-1916) |
$5.17
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$5.15
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| Standing Liberty Quarter (1916-1930) |
$5.17
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$5.15
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| Washington Quarter (1932-1964) |
$5.17
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$5.15
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| Barber Half Dollar (1892-1915) |
$10.34
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$10.30
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| Walking Liberty Half Dollar (1916-1947) |
$10.34
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$10.30
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| Franklin Half Dollar (1948-1963) |
$10.34
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$10.30
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| Kennedy Half Dollar (1964) |
$10.34
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$10.30
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| Kennedy Half Dollar (1965-1970) |
$4.23
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$4.21
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| Morgan Dollar (1878-1921) |
$22.10
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$22.03
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| Peace Dollar (1921-1935) |
$22.10
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$22.03
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| Eisenhower Dollar (1971-1976) |
$9.03
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$9.00
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| American Silver Eagle |
$28.58
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$28.48
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| America the Beautiful 5 Oz. Silver Coins |
$142.90
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$142.40
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Silver Coin Melt Values offers routinely updated silver market information and related melt values.