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


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

Last Week’s Silver Melt Value
This Week’s Silver Melt Value
Jefferson Nickel (1942-1945)
Barber Dime (1892-1916)
Mercury Dime (1916-1945)
Roosevelt Dime (1946-1964)
Barber Quarter (1892-1916)
Standing Liberty Quarter (1916-1930)
Washington Quarter (1932-1964)
Barber Half Dollar (1892-1915)
Walking Liberty Half Dollar (1916-1947)
Franklin Half Dollar (1948-1963)
Kennedy Half Dollar (1964)
Kennedy Half Dollar (1965-1970)
Morgan Dollar (1878-1921)
Peace Dollar (1921-1935)
Eisenhower Dollar (1971-1976)
American Silver Eagle
America the Beautiful 5 Oz. Silver Coins


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


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