US Silver Coin Melt Values End June 2013 Down 37% For The Year

June 2013 was not a good month for the US silver coin melt values as continued downward pressure resulted in the silver market losing 16.4% of its value. That loss was realized in smaller intervals throughout the month with three successive weekly declines posted.

Silver Coin Melt Values (like for this America the Beautiful Five Ounce Coin) have fallen 37% so far in 2013

Silver Coin Melt Values (like for this America the Beautiful Five Ounce Coin) have fallen 37% so far in 2013

The trend becomes even more gloomy as one looks further back in the year. For the quarter which ended with this month, silver dropped 34.14%. Going back six months finds the precious metal has lost 37% of the value it had as the year started.

Based on the most recent Friday to Friday period, silver lost $1.01 per ounce which equates to a drop of 5.1% for the week. The London Fix for Silver for today, June 28, 2013 was $18.86 an ounce.

 

Precious Metals Prices
June 28, 2013
London Fix Weekly Change 6-Month Change
Gold 1,192.00 -$103.25 -8.0% -$465.50 -28.1%
Silver $18.86 -$1.01 -5.1% -$11.09 -37.0%
Platinum $1,317.00 -$48.00 -3.5% -$210.00 -13.8%
Palladium $643.00 -$29.00 -4.3% -$61.00 -8.7%

 

It was a tough week all around for precious metals with all four in the chart above posting weekly losses. Gold took the biggest dip with an 8% drop losing $103.25 an ounce this week. Silver’s 5.1% decline came next with palladium following behind with its 4.3% loss. Of the four metals shown, platinum was the smallest loser shedding just 3.5% in the week with a $48 an ounce decline.

On Monday of this week, the London Fix for silver came in at $19.65 an ounce, down from last Friday’s $19.87. It rose slightly on Tuesday to $19.77 before a large drop on Wednesday with a Fix of $18.67. It fell again on Thursday to $18.61 before an end of the week jump up to $18.86 an ounce.

As mentioned, silver has been trending down all year leading to the new annual low set on Thursday with its Fix of $18.61 an ounce. In fact, the white metal has not traded at that level since 2010 with August 24th of that year being the last time the London Fix for Silver was lower.

Comparing to just this year finds the 2013 high was set on January 23rd. That day saw the Fix come in at $32.23 an ounce. From that high, the precious metal is now down $13.37 an ounce, or a drop of 41.5%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, June 28, 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)
$1.12
$1.06
Barber Dime (1892-1916)
$1.44
$1.36
Mercury Dime (1916-1945)
$1.44
$1.36
Roosevelt Dime (1946-1964)
$1.44
$1.36
Barber Quarter (1892-1916)
$3.59
$3.41
Standing Liberty Quarter (1916-1930)
$3.59
$3.41
Washington Quarter (1932-1964)
$3.59
$3.41
Barber Half Dollar (1892-1915)
$7.19
$6.82
Walking Liberty Half Dollar (1916-1947)
$7.19
$6.82
Franklin Half Dollar (1948-1963)
$7.19
$6.82
Kennedy Half Dollar (1964)
$7.19
$6.82
Kennedy Half Dollar (1965-1970)
$2.94
$2.79
Morgan Dollar (1878-1921)
$15.37
$14.59
Peace Dollar (1921-1935)
$15.37
$14.59
Eisenhower Dollar (1971-1976)
$6.28
$5.96
American Silver Eagle
$19.87
$18.86
America the Beautiful 5 Oz. Silver Coins
$99.35
$94.30

 

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

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