Silver Set Melt Values Close September Down Slightly Based On Weekly Fix

Silver ended the month of September down just $0.04 from where it stood a week ago despite the precious metal showing larger losses earlier in the week. Accordingly, Silver Set Melt Values remained relatively unchanged from their previous position based on the Friday to Friday London Fix.

The London Fix for Silver for today, September 28, 2012 was $34.65 an ounce. Calculating the weekly difference shows the four cent drops as a decrease of just 0.12%.

Precious Metals Prices
September 28, 2012
London Fix
Weekly Change
Gold
$1,776.00
-$8.50
-0.5%
Silver
$34.65
-$0.05
-0.12%
Platinum
$1,668.00
+$26.00
+1.6%
Palladium
$642.00
-$30.00
-4.5%

 

It was not a stellar week for precious metals as the four in the above chart shows. Three of them finished the week down with palladium showing the largest loss at 4.5%. It was followed by gold’s half a percent drop and then silver’s minor 0.12% decrease. Platinum, on the other hand, realized a notable increase with its jump up 1.6% from where it stood a week ago.

Silver spent most of the week at lower levels in comparison to its position last week Friday as well as to where it ended up this Friday. On Monday, the London Fix for Silver was $33.73, down $0.96 from the previous Friday. On Tuesday it increased to $34.01 before dropping again on Wednesday to $33.88 an ounce. It rose again on Thursday to $33.95 before a sizeable jump on Friday brought the Fix to $34.65.

Even with the slight decline realized this week, the precious metal is still up significantly from the 2012 low established on July 12th of $26.67 an ounce. From that low, silver is now up $7.98 an ounce, or 29.9%.

Looking at the 2012 shows the precious metal down $2.58 from that high, or 6.9%. That high was set on February 29th with a London Fix of $37.23 an ounce.

The chart below offers current coin melt values based on the Fix for Friday, September 28, 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)
$1.95
$1.95
Barber Dime (1892-1916)
$2.51
$2.51
Mercury Dime (1916-1945)
$2.51
$2.51
Roosevelt Dime (1946-1964)
$2.51
$2.51
Barber Quarter (1892-1916)
$6.27
$6.27
Standing Liberty Quarter (1916-1930)
$6.27
$6.27
Washington Quarter (1932-1964)
$6.27
$6.27
Barber Half Dollar (1892-1915)
$12.55
$12.53
Walking Liberty Half Dollar (1916-1947)
$12.55
$12.53
Franklin Half Dollar (1948-1963)
$12.55
$12.53
Kennedy Half Dollar (1964)
$12.55
$12.53
Kennedy Half Dollar (1965-1970)
$5.13
$5.12
Morgan Dollar (1878-1921)
$26.83
$26.80
Peace Dollar (1921-1935)
$26.83
$26.80
Eisenhower Dollar (1971-1976)
$10.97
$10.95
American Silver Eagle
$34.69
$34.65
America the Beautiful 5 Oz. Silver Coins
$173.45
$173.25

 

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

 

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