Third Weekly Increase Realized By Melt Values of US Silver Coins

Another good week for silver was realized as the precious metal made modest gains marking the third week in a row for improvements. Tied with those gains, Melt Values of US Silver Coins also rose with the metal and the associated melt values rising 23¢ an ounce based on the Friday to Friday London Fix.

1943 Jefferson Nickel

Melt Values of Silver Coins, like this 1943 Jefferson Nickel, rose 1% this week

That slight rise equates to a 1% increase in values with an 18.5% jump overall seen when compared to values three weeks ago. The London Fix for Silver for today, August 23, 2013 was $23.06 an ounce.

Precious Metals Prices
August 23, 2013
London Fix Weekly Change
Gold 1,377.50 +$8.25 +0.6%
Silver $23.06 +$0.23 +1.0%
Platinum $1,538.00 +$14.00 +0.9%
Palladium $752.00 -$10.00 -1.3%

 

Silver led the precious metal pack this week in gains with its aforementioned 1% bump up. Next in line was platinum which rose 0.9% with its $14 an ounce gain. Gold followed with a $8.25 an ounce increase rising by 0.6%. Showing a decline for the week was palladium which fell $10 an ounce losing 1.3%.

Pricing and melt values of silver this week were at their highest levels since May of this year. The Fix on Thursday rose to $23.07 an ounce with May 14th marking the last time the Fix had been higher. Along with these increases, melt values of coins like the 1942-1945 Silver Jefferson Nickels also rose. These coins contain 0.05626 ounces of silver giving them a new melt value this Friday of $1.297 per coin.

As mentioned, at $23.06 an ounce, silver is at levels not seen for months. Accordingly, the precious metal is up significantly from the 2013 low set on June 27th of just $18.61 an ounce. The math works out to an increase of $4.45 from that low, or an improvement of 23.9%.

However, the precious metal is still down significantly from the 2013 high set on January 23rd of $32.23 an ounce. This math shows the precious metal down $9.17 an ounce from that high, or negative 28.5%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, August 23, 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)
$1.28
$1.30
Barber Dime (1892-1916)
$1.65
$1.67
Mercury Dime (1916-1945)
$1.65
$1.67
Roosevelt Dime (1946-1964)
$1.65
$1.67
Barber Quarter (1892-1916)
$4.13
$4.17
Standing Liberty Quarter (1916-1930)
$4.13
$4.17
Washington Quarter (1932-1964)
$4.13
$4.17
Barber Half Dollar (1892-1915)
$8.26
$8.34
Walking Liberty Half Dollar (1916-1947)
$8.26
$8.34
Franklin Half Dollar (1948-1963)
$8.26
$8.34
Kennedy Half Dollar (1964)
$8.26
$8.34
Kennedy Half Dollar (1965-1970)
$3.38
$3.41
Morgan Dollar (1878-1921)
$17.66
$17.84
Peace Dollar (1921-1935)
$17.66
$17.84
Eisenhower Dollar (1971-1976)
$7.22
$7.29
American Silver Eagle
$22.83
$23.06
America the Beautiful 5 Oz. Silver Coins
$114.15
$115.30

 

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

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