US Silver Coin Melt Values Drop To Lows Not Seen Since 2010

Precious metals were down across the board this week with silver taking the largest percentage drop. As such, related US Silver Coin Melt Values were also hit hard by the decline with lows not seen since 2010.

1915 Barber Quarter

US Silver Coin Melt Values (such as for this Barber Quarter) Fell This Week to Lows Not Seen Since 2010

For the week, silver dropped 13.6% with a decline of $3.74 an ounce based on the Friday to Friday London Fix. The week ended with the London Fix for Silver today, Friday April 19, 2013, at $23.66 an ounce.

 

Precious Metals Prices
April 19, 2013
London Fix Weekly Change
Gold 1,405.50 -$130.00 -8.5%
Silver $23.66 -$3.74 -13.6%
Platinum $1425.00 -$89.00 -5.9%
Palladium $677.00 -$35.50 -5.4%

 

As previous mentioned, silver was the biggest loser in the marketplace this week as its 13.6% decline more than doubled some of the other losses. Gold was next in the loser line-up with a drop of 8.5%. Platinum shed 5.9% with palladium also losing 5.4%.

Looking just at silver shows the market dropped immediately this week with Monday’s Fix down to $23.54 an ounce from last Friday’s $27.40. It fell again on Tuesday and Wednesday to $23.47 and $23.31, respectively. Thursday rose a fraction to $23.51 before Friday’s additional slight increase to $23.66 an ounce.

Using the $23.66 an ounce Fix, a 90% silver quarter (such as the 1892-1916 Barber Quarter) would have an approximate melt value of $4.28 an ounce based on the 0.1808 ounces of silver in each. $23.66 times 0.1808 equals $4.28.

US Silver Coin Melt Values realized their new 2013 low this week as the precious metal hit the $23.31 Fix on Wednesday. This is the lowest they have been since October 22, 2010 when the Fix was $23.05 an ounce.

At $23.66 an ounce (today’s Fix), silver is now down significantly from the 2013 high established on January 23rd. That high was $32.23 an ounce. Doing the math shows this Friday’s Fix is down $8.57 from that high, or $26.6%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, April 19, 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)
$1.54
$1.33
Barber Dime (1892-1916)
$1.98
$1.71
Mercury Dime (1916-1945)
$1.98
$1.71
Roosevelt Dime (1946-1964)
$1.98
$1.71
Barber Quarter (1892-1916)
$4.96
$4.28
Standing Liberty Quarter (1916-1930)
$4.96
$4.28
Washington Quarter (1932-1964)
$4.96
$4.28
Barber Half Dollar (1892-1915)
$9.91
$8.56
Walking Liberty Half Dollar (1916-1947)
$9.91
$8.56
Franklin Half Dollar (1948-1963)
$9.91
$8.56
Kennedy Half Dollar (1964)
$9.91
$8.56
Kennedy Half Dollar (1965-1970)
$4.05
$3.50
Morgan Dollar (1878-1921)
$21.19
$18.30
Peace Dollar (1921-1935)
$21.19
$18.30
Eisenhower Dollar (1971-1976)
$8.66
$7.48
American Silver Eagle
$27.40
$23.66
America the Beautiful 5 Oz. Silver Coins
$137.00
$118.30

 

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

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