Third Week of October Finds Silver Set Melt Values Down

Silver prices dropped for the second week in a row bringing Silver Set Melt Values down along with it. The precious metal lost 4.3% during the week based on the Friday to Friday London Fix shedding $1.46 from the Fix of last Friday.

Last week saw silver also down with a loss of just over 3.0%. Previous to that, the precious metal realized a slight 0.6% increase based on the Friday to Friday Fix. The London Fix for silver for today, October 19, 2012 was $32.33 an ounce.

Precious Metals Prices
October 19, 2012
London Fix
Weekly Change
Gold
$1,737.00
-$29.75
-1.7%
Silver
$32.33
-$1.46
-4.3%
Platinum
$1,633.00
-$45.00
-2.7%
Palladium
$638.00
-$12.00
-1.8%

 

Precious metals were down for the week across the board as the chart above shows. Silver had the biggest loss with its 4.3% decline followed by platinum with a 2.7% drop. Next came palladium which lost 1.8% and finally gold which gave up 1.7% based on the Friday to Friday Fix.

Silver spent the entire week down from last Friday’s Fix. The precious metal dropped to $33.22 on Monday from the previous Friday’s $33.79. On Tuesday it fell even further to $32.80 before a slight bump on Wednesday to $33.03. Thursday fell down to $32.99 before Friday’s larger drop to the aforementioned $32.33 an ounce.

At $32.33 an ounce, silver is still up significantly from the 2012 low of $26.67 an ounce set on July 12th. Based on those figures, Friday’s Fix is up $5.66 from that low, or 21.2%.

Conversely, the precious metal is down $4.90 an ounce from the 2012 high established on February 29th. That high was $37.23 an ounce equating to this Friday’s Fix being down 13.2% from that high.

The chart below offers current coin melt values based on the Fix for Friday, October 19, 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)
$1.90
$1.82
Barber Dime (1892-1916)
$2.44
$2.34
Mercury Dime (1916-1945)
$2.44
$2.34
Roosevelt Dime (1946-1964)
$2.44
$2.34
Barber Quarter (1892-1916)
$6.11
$5.85
Standing Liberty Quarter (1916-1930)
$6.11
$5.85
Washington Quarter (1932-1964)
$6.11
$5.85
Barber Half Dollar (1892-1915)
$12.22
$11.69
Walking Liberty Half Dollar (1916-1947)
$12.22
$11.69
Franklin Half Dollar (1948-1963)
$12.22
$11.69
Kennedy Half Dollar (1964)
$12.22
$11.69
Kennedy Half Dollar (1965-1970)
$5.00
$4.78
Morgan Dollar (1878-1921)
$26.13
$25.01
Peace Dollar (1921-1935)
$26.13
$25.01
Eisenhower Dollar (1971-1976)
$10.68
$10.22
American Silver Eagle
$33.79
$32.33
America the Beautiful 5 Oz. Silver Coins
$168.95
$161.65

 

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

 

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