Silver Coin Melt Values Lose 3% the Second Week of October

Silver Coin Melt Values dropped during the second week of October as the precious metal shed just over 3% for the 7-day period. Based on the Friday to Friday London Fix for silver, the precious metal ended down $1.06.

This drop follows last week’s slight increase which came in at just 0.6%. The week before that the precious metal had shown a minimal 0.1% drop. The London Fix for silver for today, October 12, 2012 was $33.79 an ounce.

Precious Metals Prices
October 12, 2012
London Fix
Weekly Change
Gold
$1,766.75
-$17.25
-1.0%
Silver
$33.79
-$1.06
-3.0%
Platinum
$1,678.00
-$33.00
-1.9%
Palladium
$650.00
-$17.00
-2.5%

 

As the chart above shows, it was a tough week for precious metals as all four listed realized declines. Silver was the hardest hit with its 3.0% drop followed by palladium with a 2.5% decrease. Platinum was down 1.9% with gold shedding an even 1.0% for the week.

Silver started the week off down significantly as it lost exactly $1.00 on Monday coming in with a Fix of $33.85 after the previous Friday’s $34.85. On Tuesday, the precious metal rose slightly to $34.87 before dropping again on Wednesday to $33.79. Thursday followed with a decent increase to $34.25 before Friday’s downward correction to the aforementioned $33.79.

At $33.79, silver is still up from the 2012 low established on July 12th. That low was $26.67 an ounce making this Friday’s Fix up $7.12 an ounce from that low, or 26.7%.

On the flip side, silver is still down from the 2012 high established on February 29th. That high came in at $37.23 an ounce. Doing the math shows this Friday’s Fix down $3.44 from that high, or 9.2%.

The chart below offers current coin melt values based on the Fix for Friday, October 12, 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)
$1.96
$1.90
Barber Dime (1892-1916)
$2.52
$2.44
Mercury Dime (1916-1945)
$2.52
$2.44
Roosevelt Dime (1946-1964)
$2.52
$2.44
Barber Quarter (1892-1916)
$6.30
$6.11
Standing Liberty Quarter (1916-1930)
$6.30
$6.11
Washington Quarter (1932-1964)
$6.30
$6.11
Barber Half Dollar (1892-1915)
$12.60
$12.22
Walking Liberty Half Dollar (1916-1947)
$12.60
$12.22
Franklin Half Dollar (1948-1963)
$12.60
$12.22
Kennedy Half Dollar (1964)
$12.60
$12.22
Kennedy Half Dollar (1965-1970)
$5.15
$5.00
Morgan Dollar (1878-1921)
$26.95
$26.13
Peace Dollar (1921-1935)
$26.95
$26.13
Eisenhower Dollar (1971-1976)
$11.02
$10.68
American Silver Eagle
$34.85
$33.79
America the Beautiful 5 Oz. Silver Coins
$174.25
$168.95

 

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

 

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