Thanksgiving Week Finds Silver Coin Melt Values Up 3.5%

Silver coin enthusiasts have a lot to be thankful for in recent days as Silver Coin Melt Values sky-rocketed up 3.5% this week. This marks the fourth weekly increase for silver based on the Friday to Friday London Fix.

The most recent increase is by far the largest jump, however, of the past month. Previous gains were only approximately 0.8% for each of the first two weeks and 0.3% last week. The London Fix for Silver for today, November 23, 2012 was $33.41 an ounce, up $1.14 from last Friday’s Fix.

Precious Metals Prices
November 23, 2012
London Fix
Weekly Change
Gold
1,734.50
+$21.00
+1.2%
Silver
$33.41
+$1.14
+3.5%
Platinum
$1,584.00
+$30.00
+1.9%
Palladium
$657.50
+$34.50
+5.5%

 

Silver was not the only precious metal which realized a weekly gain. In fact, as the chart above shows, all four of the metals listed had sizeable increases. Leading the pack was palladium which jumped 5.5% with its $34.50 an ounce increase. It was followed by silver’s 3.5% jump and then platinum which rose 1.9%. Realizing the smallest percentage bump was gold which rose 1.2%.

This week’s silver improvement was built by four days of increases with only one slight downtrend mid-week. Monday’s Fix was $32.67 an ounce, up from the previous Friday’s $32.27. Tuesday gained even more with its Fix of $33.19 before Wednesday dropped slightly to $33.01. On Thursday the London Fix for Silver rose to $33.29 before Friday’s final jump to $33.41.

Given Friday’s Fix of $33.41, silver is now up $6.74 an ounce from the 2012 low set on July 12th. This marks an increase of 25.3% from that low of $26.67.

Looking at the flip-side, silver is still down from the 2012 high set on February 29th of $37.23 an ounce. Calculating it out shows the precious metal down $3.82 an ounce from that high, or 10.3%.

The chart below offers current coin melt values based on the Fix for Friday, November 23, 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)
$1.82
$1.88
Barber Dime (1892-1916)
$2.33
$2.42
Mercury Dime (1916-1945)
$2.33
$2.42
Roosevelt Dime (1946-1964)
$2.33
$2.42
Barber Quarter (1892-1916)
$5.84
$6.04
Standing Liberty Quarter (1916-1930)
$5.84
$6.04
Washington Quarter (1932-1964)
$5.84
$6.04
Barber Half Dollar (1892-1915)
$11.67
$12.08
Walking Liberty Half Dollar (1916-1947)
$11.67
$12.08
Franklin Half Dollar (1948-1963)
$11.67
$12.08
Kennedy Half Dollar (1964)
$11.67
$12.08
Kennedy Half Dollar (1965-1970)
$4.77
$4.94
Morgan Dollar (1878-1921)
$24.96
$25.84
Peace Dollar (1921-1935)
$24.96
$25.84
Eisenhower Dollar (1971-1976)
$10.20
$10.56
American Silver Eagle
$32.27
$33.41
America the Beautiful 5 Oz. Silver Coins
$161.35
$167.05

 

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

 

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