Silver Melt Values of US Coins Flat First Week of June 2013

The silver market showed both positive and negative daily swings this week but, in the end, the precious metal closed out the seven day period relatively unchanged. As such, associated silver melt values of US coins also finished on Friday almost even with last week’s final Fix.

1954 Franklin Half Dollar

Melt values of US silver coins, such as the Franklin Half Dollar, remained relatively unchanged this week

Looking at the numbers sees the weekly change was up just $0.03 based on the Friday to Friday Fix, or a gain of 0.1%. The London Fix for Silver for today, June 7, 2013 was $22.60 an ounce.

 

Precious Metals Prices
June 7, 2013
London Fix Weekly Change
Gold 1,386.00 -$8.50 -0.6%
Silver $22.60 +$0.03 +0.1%
Platinum $1,505.00 +$46.00 +3.2%
Palladium $754.00 +$10.00 +1.3%

 

Of the four precious metals shown in the chart above, gold was the only one to realize a decrease during the week. It fell by 0.6% with its $8.50 per ounce drop. On the positive side, platinum jumped by 3.2% with a $46 per ounce increase with palladium also rising 1.3%. Silver’s increase of 0.1% was the smallest of the increases.

Still, for most, any increase is good. This is especially true when one considers that the silver market has been falling steadily over the last eight months.

A look at an individual silver coin finds its melt value has been depressed severely over that period. For instance, a Franklin Half Dollar struck from 1948-1963 would have had an approximate melt value of $12.60 eight months ago. This is based on the coin’s silver content of 0.36169 ounces and the London Fix for Silver on October 5, 2012 of $34.85 an ounce. That same coin only has an approximate melt value now of $8.17 based on the recent Fix of $22.60.

At $22.60 an ounce, silver is up decently from the 2013 low set on May 20th of $21.66. The calculations show the precious metal is up $0.94 from that low, or an increase of 4.3%.

However, silver is down significantly from the 2013 high established on January 23rd of $32.23 an ounce. Those calculations show the precious metal is now down $9.63 an ounce from that high, or a decrease of 29.9%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, June 7, 2013, 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)
$1.27
$1.27
Barber Dime (1892-1916)
$1.63
$1.63
Mercury Dime (1916-1945)
$1.63
$1.63
Roosevelt Dime (1946-1964)
$1.63
$1.63
Barber Quarter (1892-1916)
$4.08
$4.09
Standing Liberty Quarter (1916-1930)
$4.08
$4.09
Washington Quarter (1932-1964)
$4.08
$4.09
Barber Half Dollar (1892-1915)
$8.16
$8.17
Walking Liberty Half Dollar (1916-1947)
$8.16
$8.17
Franklin Half Dollar (1948-1963)
$8.16
$8.17
Kennedy Half Dollar (1964)
$8.16
$8.17
Kennedy Half Dollar (1965-1970)
$3.34
$3.34
Morgan Dollar (1878-1921)
$17.46
$17.48
Peace Dollar (1921-1935)
$17.46
$17.48
Eisenhower Dollar (1971-1976)
$7.13
$7.14
American Silver Eagle
$22.57
$22.60
America the Beautiful 5 Oz. Silver Coins
$112.85
$113.00

 

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

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