Silver Coin Melt Values Realize First Weekly Increase in Seven Weeks

Silver Coin Melt Values finally realized their first weekly increase this Friday after seven straight weeks of declines. While modest, the increase for the week was 2.9% as the precious metal had a London Fix on Friday, June 8, 2012 of $28.17 an ounce, up $0.79 from Friday.

Silver would still need to go up significantly to recoup the downward spiral started in mid-April. The last time a London Fix showed a Friday increase over the previous week was April 13th when it came in at $32.365 an ounce. The precious metal has not been as high as that since.

Precious Metals Prices
June 8, 2012
London Fix
Weekly Change
Gold
$1,576.50
-$29.50
-1.8%
Silver
$28.17
+$0.79
+2.9%
Platinum
$1,417.00
+$10.00
+0.7%
Palladium
$613.00
+$6.00
+1.0%

 

As shown in the chart above, three of the precious metals showed improvement for the week with silver’s jump of 2.9% being the highest. Gold ended down for the week 1.8% with its drop of $29.50 an ounce to $1,576.50.

This was actually a short trading week in London as the markets were closed on Monday and Tuesday for the Queen’s Diamond Jubilee and the Spring Bank Holiday.  When trading resumed on Wednesday, silver showed significant improvement over the previous Friday with a jump to $29.36 an ounce. A small portion of that increase was lost on Thursday as the precious metal had a Fix of $29.28 an ounce before Friday’s Fix ended even lower at $28.17.

Even with the weekly increase shown this week, silver is still off $9.06 from its 2012 high established on February 29th. This equates to a drop from that high of 24.3%. The precious metal is up slightly from its 2012 low established on May 16th of $27.25 an ounce.

The chart below offers current coin melt values based on the Fix for Friday, June 8, 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)
$1.54
$1.58
Barber Dime (1892-1916)
$1.98
$2.04
Mercury Dime (1916-1945)
$1.98
$2.04
Roosevelt Dime (1946-1964)
$1.98
$2.04
Barber Quarter (1892-1916)
$4.95
$5.09
Standing Liberty Quarter (1916-1930)
$4.95
$5.09
Washington Quarter (1932-1964)
$4.95
$5.09
Barber Half Dollar (1892-1915)
$9.90
$10.19
Walking Liberty Half Dollar (1916-1947)
$9.90
$10.19
Franklin Half Dollar (1948-1963)
$9.90
$10.19
Kennedy Half Dollar (1964)
$9.90
$10.19
Kennedy Half Dollar (1965-1970)
$4.05
$4.17
Morgan Dollar (1878-1921)
$21.18
$21.79
Peace Dollar (1921-1935)
$21.18
$21.79
Eisenhower Dollar (1971-1976)
$8.65
$8.90
American Silver Eagle
$27.38
$28.17
America the Beautiful 5 Oz. Silver Coins
$136.90
$140.85

 

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

 

Speak Your Mind

*

 

Copyright © 2013 MADU Enterprises LLC.

Content of SilverCoinMeltValues.net including all material and calculators is offered for informational purposes only and should not be construed as investment or financial advice of any sort. As such, MADU Enterprises LLC will not be liable for any errors, inaccuracies, omissions or potential financial loss or damages incurred by its use. Due diligence on the part of the reader should be undertaken before any financial decisions are made to avoid economic loss. No portion of SilverCoinMeltValues.net may be reproduced or copied without previous written permission. MADU Enterprises LLC reserves the right to change these terms at any time.