Silver Coin Melt Values Surge Forcing US Mint To Suspend Some Products

Escalating silver prices this week led to not only higher silver coin melt values but also resulted in the US Mint suspending sales of several silver containing products. The precious metal ended the week up $2.09 from where it was just seven days before equating to a jump of 6.2%

As the price of silver increased, the margin between melt value and the list price of some of the Mint’s silver coins eroded. Accordingly, the Mint discontinued sales of six different products. Those products will likely remain under suspension until either the Mint has time to re-adjust the price points or the silver market declines sufficiently to resume sales at the previous list prices.

The six products affected by the suspension include the 2011-W Uncirculated Silver Eagle and five America the Beautiful Five Ounce Silver Uncirculated Coins including the Gettysburg Silver Coin, the Glacier Silver Coin, the Olympic Silver Coin, the Vicksburg Silver Coin and the Chickasaw Silver Coin.

Based of Friday’s London Spot of $35.57, the Silver Eagle had a melt value of $35.57 while the America the Beautiful 5 Ounce Silver Coins melt value was $177.85. Prior to their suspension, the Eagles were selling for $45.95 and the five ounce coins were selling for $204.95.

Precious Metals Prices
February 24, 2012
London Fix
Weekly Change
Gold
$1,777.50
+$54.50
+3.2%
Silver
$35.57
+$2.09
+6.2%
Platinum
$1,714.00
+$76.00
+4.6%
Palladium
$714.00
+$17.00
+2.4%

 

All four precious metals in the above chart proved strong during the week. The lowest gain was seen in palladium which still rose an impressive 2.4% for the week. The leader was the aforementioned silver climb of 6.2%.

That silver increase was the result of a steady progression during the week for the white metal. Last Friday’s London Spot for Silver was $33.48 an ounce. Increases were seen each day this week with Monday coming in at $33.56, Tuesday was $33.65, Wednesday had a spot of $34.08, Thursday was $34.55 and finally Friday had a large surge to the previously mentioned $35.57.

The chart below offers current melt values based on the Fix for Friday, February 24, 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)
$1.88
$2.00
Barber Dime (1892-1916)
$2.42
$2.57
Mercury Dime (1916-1945)
$2.42
$2.57
Roosevelt Dime (1946-1964)
$2.42
$2.57
Barber Quarter (1892-1916)
$6.05
$6.43
Standing Liberty Quarter (1916-1930)
$6.05
$6.43
Washington Quarter (1932-1964)
$6.05
$6.43
Barber Half Dollar (1892-1915)
$12.11
$12.87
Walking Liberty Half Dollar (1916-1947)
$12.11
$12.87
Franklin Half Dollar (1948-1963)
$12.11
$12.87
Kennedy Half Dollar (1964)
$12.11
$12.87
Kennedy Half Dollar (1965-1970)
$4.95
$5.26
Morgan Dollar (1878-1921)
$25.89
$27.51
Peace Dollar (1921-1935)
$25.89
$27.51
Eisenhower Dollar (1971-1976)
$10.58
$11.24
American Silver Eagle
$33.48
$35.57
America the Beautiful 5 Oz. Silver Coins
$167.40
$177.85

 

Check Silver Coin Melt Values for fresh coin values based on the latest silver prices.

 

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.