US Melt Values for Silver Coins Fall Again to New 2.5 Year Lows

Silver fell to new two and a half year lows again this week forcing US melt values for silver coins down along with it. The precious metal made a slight recovery by week’s end, but not near enough to bring it into positive territory compared to the position of the metal last week.

US Melt Values for Silver Coins (such as this recently released White Mountain Coin) fell this week

US Melt Values for Silver Coins (such as this recently released White Mountain Coin) fell this week

For the week, silver ended down $0.85 from where it stood seven days previous. This equates to a decline of 3.6%. The London Fix for Silver for today, Friday May 17, 2013, was $22.52 an ounce.

This is the second week in a row in which the metal has realized a 3.6% drop. Last week’s Fix also fell by the same percentage.

 

Precious Metals Prices
May 17, 2013
London Fix Weekly Change
Gold 1,368.75 -$57.75 -4.0%
Silver $22.52 -$0.85 -3.6%
Platinum $1,470.00 -$20.00 -1.3%
Palladium $736.00 +$34.00 +4.8%

 

It was a mixed week for precious metals, as the chart above shows. Palladium ventured further into positive territory with a 4.8% increase. The rest of the metals were down based on the seven day comparison. Platinum lost the smallest percentage with a 1.3% drop, followed by the aforementioned silver decrease of 3.6% and finally gold’s negative 4.0%.

With silver’s drop, all associated melt values fell. This includes the America the Beautiful Five Ounce Silver Coins such as the White Mountain Silver Uncirculated Coin which was released earlier this week. These coins each contain five ounces of the precious metal. The melt value of these coins as of Friday (May 17th) was $112.60.

Silver started the week off with some gains rising to $23.66 on Monday compared to the previous Friday’s $23.37 Fix. It fell slightly on Tuesday to $23.44 with a much larger drop again on Wednesday down to $22.87. Thursday had a larger drop down to $22.26 with Friday coming in at the aforementioned $22.52 an ounce.

Thursday’s (May 16, 2013) Fix of $22.26 now stands as the new low for the year. In fact, the Fix is the lowest seen in silver since October 5, 2010.

The high so far for 2013 was set on January 23rd. That Fix came in at $32.23 an ounce. This makes this Friday’s Fix down $9.71 from that high, or -30.1%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, May 17, 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)
$1.31
$1.27
Barber Dime (1892-1916)
$1.69
$1.63
Mercury Dime (1916-1945)
$1.69
$1.63
Roosevelt Dime (1946-1964)
$1.69
$1.63
Barber Quarter (1892-1916)
$4.23
$4.07
Standing Liberty Quarter (1916-1930)
$4.23
$4.07
Washington Quarter (1932-1964)
$4.23
$4.07
Barber Half Dollar (1892-1915)
$8.45
$8.15
Walking Liberty Half Dollar (1916-1947)
$8.45
$8.15
Franklin Half Dollar (1948-1963)
$8.45
$8.15
Kennedy Half Dollar (1964)
$8.45
$8.15
Kennedy Half Dollar (1965-1970)
$3.46
$3.33
Morgan Dollar (1878-1921)
$18.08
$17.42
Peace Dollar (1921-1935)
$18.08
$17.42
Eisenhower Dollar (1971-1976)
$7.39
$7.12
American Silver Eagle
$23.37
$22.52
America the Beautiful 5 Oz. Silver Coins
$116.85
$112.60

 

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

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