Silver Coin Melt Values Slide 1% Down Second Week of December

The holiday season is not being kind to Silver Coin Melt Values as they once again realized a weekly decline. This marks the second weekly decline seen for silver and its associated coin melt values based on the Friday to Friday London Fix for the precious metal.

Silver dropped 1% for the week as it lost $0.33 from where it was seven days ago. The London Fix for Silver for today, December 14, 2012 was $32.52 an ounce.

Precious Metals Prices
December 14, 2012
London Fix
Weekly Change
Gold
1,696.25
-$5.25
-0.3%
Silver
$32.52
-$0.33
-1.0%
Platinum
$1,613.00
+$13.00
+0.8%
Palladium
$700.00
+$2.00
+0.3%

 

It was a split week for precious metals as the chart above shows. Silver showed the biggest loss with its decline of 1%. It was followed by gold which shed 0.3%. Showing a gain for the week as palladium which increase 0.3% and platinum which showed the highest gain at a positive 0.8%.

Silver actually spent a majority of the week in positive territory compared to last Friday’s Fix. On Monday, the Fix came in at $33.34, up from the previous Friday’s $32.85. On Tuesday it fell slightly to $33.17 before shedding a few more cents to $33.10 on Wednesday. A large drop occurred on Thursday when the Fix came in at $32.69 before Friday’s final drop to the aforementioned $32.52 an ounce.

At $32.52, silver is still up significantly from the 2012 low. That low was set on July 12th with a Fix of $26.67 an ounce. Doing the math shows the precious metal up $5.85 from that low, or an increase of 21.9%.

Looking at the 2012 high is not as pleasing. That high was set on February 29th with a Fix of $37.23 an ounce. This makes Friday’s Fix down $4.71 an ounce from that high, or -12.7%.

The chart below offers current coin melt values based on the Fix for Friday, December 14, 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)
$1.85
$1.83
Barber Dime (1892-1916)
$2.38
$2.35
Mercury Dime (1916-1945)
$2.38
$2.35
Roosevelt Dime (1946-1964)
$2.38
$2.35
Barber Quarter (1892-1916)
$5.94
$5.88
Standing Liberty Quarter (1916-1930)
$5.94
$5.88
Washington Quarter (1932-1964)
$5.94
$5.88
Barber Half Dollar (1892-1915)
$11.88
$11.76
Walking Liberty Half Dollar (1916-1947)
$11.88
$11.76
Franklin Half Dollar (1948-1963)
$11.88
$11.76
Kennedy Half Dollar (1964)
$11.88
$11.76
Kennedy Half Dollar (1965-1970)
$4.86
$4.81
Morgan Dollar (1878-1921)
$25.41
$25.15
Peace Dollar (1921-1935)
$25.41
$25.15
Eisenhower Dollar (1971-1976)
$10.38
$10.28
American Silver Eagle
$32.85
$32.52
America the Beautiful 5 Oz. Silver Coins
$164.25
$162.60

 

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

 

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