Silver Coin Melt Values Up First Week of July

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%.

Precious Metals Prices
July 6, 2012
London Fix
Weekly Change
Gold
$1,587.00
-$11.50
-0.7%
Silver
$27.32
+$0.24
+0.9%
Platinum
$1,450.00
+$22.00
+1.5%
Palladium
$577.00
-$1.00
-0.2%

 

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

SILVER COIN
Last Week’s Silver Melt Value
This Week’s Silver Melt Value
Jefferson Nickel (1942-1945)
$1.52
$1.54
Barber Dime (1892-1916)
$1.96
$1.98
Mercury Dime (1916-1945)
$1.96
$1.98
Roosevelt Dime (1946-1964)
$1.96
$1.98
Barber Quarter (1892-1916)
$4.90
$4.94
Standing Liberty Quarter (1916-1930)
$4.90
$4.94
Washington Quarter (1932-1964)
$4.90
$4.94
Barber Half Dollar (1892-1915)
$9.79
$9.88
Walking Liberty Half Dollar (1916-1947)
$9.79
$9.88
Franklin Half Dollar (1948-1963)
$9.79
$9.88
Kennedy Half Dollar (1964)
$9.79
$9.88
Kennedy Half Dollar (1965-1970)
$4.01
$4.04
Morgan Dollar (1878-1921)
$20.94
$21.13
Peace Dollar (1921-1935)
$20.94
$21.13
Eisenhower Dollar (1971-1976)
$8.56
$8.64
American Silver Eagle
$27.08
$27.32
America the Beautiful 5 Oz. Silver Coins
$135.40
$136.60

 

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

 

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