After Silver Coin Melt Values fell to a new low for the year last week, the precious metal showed a slight improvement this week. Looking at the Friday to Friday London Fix for silver shows the metal up 0.9% based on the seven day comparison.
For reference, the London Fix for today (July 6, 2012) was $27.32 an ounce. This was up $0.24 from the Fix last Friday of $27.08 an ounce. Last week saw an increase in the precious metal as well with a slight bump of 1.0%.
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Precious Metals Prices
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July 6, 2012
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London Fix
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Weekly Change
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| Gold |
$1,587.00
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-$11.50
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-0.7%
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| Silver |
$27.32
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+$0.24
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+0.9%
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| Platinum |
$1,450.00
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+$22.00
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+1.5%
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| Palladium |
$577.00
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-$1.00
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-0.2%
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Once again, the four precious metals shown in the chart above were split in their performance during the week. Platinum led the increase with a jump of 1.5% followed by the aforementioned silver increase of 0.9%. Palladium was almost flat losing $1 during the week for a decline of 0.2% with gold shedding 0.7%.
Unlike markets in the United States, it was a full trading week in London. Silver spent the first four days of the week showing some strong gains before a massive down-swing on Friday. On Monday, the precious metal had a Fix of $27.36 an ounce, up from the previous Friday’s Fix of $27.08. Tuesday increased to $27.92 with Wednesday jumping to $28.11. Thursday was even stronger at $28.33 an ounce before Friday’s Fix dropped $1.01 to $27.32.
The low for 2012 was established last week when the Fix came in at $26.72 an ounce. This Friday’s Fix is up $0.60 from that low, or +2.2%. Silver is still down significantly from the 2012 high established on February 29th of $37.23 an ounce. Doing the math shows the precious metal down $9.91 from that high, or -26.6%.
The chart below offers current coin melt values based on the Fix for Friday, July 6, 2012, and a comparison to those values based on last week’s silver price.
Weekly Silver Coin Melt Value Comparisons
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SILVER COIN
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Last Week’s Silver Melt Value
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This Week’s Silver Melt Value
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| Jefferson Nickel (1942-1945) |
$1.52
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$1.54
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| Barber Dime (1892-1916) |
$1.96
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$1.98
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| Mercury Dime (1916-1945) |
$1.96
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$1.98
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| Roosevelt Dime (1946-1964) |
$1.96
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$1.98
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| Barber Quarter (1892-1916) |
$4.90
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$4.94
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| Standing Liberty Quarter (1916-1930) |
$4.90
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$4.94
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| Washington Quarter (1932-1964) |
$4.90
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$4.94
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| Barber Half Dollar (1892-1915) |
$9.79
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$9.88
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| Walking Liberty Half Dollar (1916-1947) |
$9.79
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$9.88
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| Franklin Half Dollar (1948-1963) |
$9.79
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$9.88
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| Kennedy Half Dollar (1964) |
$9.79
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$9.88
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| Kennedy Half Dollar (1965-1970) |
$4.01
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$4.04
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| Morgan Dollar (1878-1921) |
$20.94
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$21.13
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| Peace Dollar (1921-1935) |
$20.94
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$21.13
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| Eisenhower Dollar (1971-1976) |
$8.56
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$8.64
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| American Silver Eagle |
$27.08
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$27.32
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| America the Beautiful 5 Oz. Silver Coins |
$135.40
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$136.60
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Silver Coin Melt Values offers routinely updated silver market information and related melt values.