US Silver Coin Melt Values Fall 9.6% in February

February of 2013 proved to be a tough month for US Silver Coin Melt Values as the silver market came extremely close to shedding double digit numbers during the twenty-eight day period. During the month, silver lost $3.08 an ounce when comparing the last day of February to the last day of January.

At over $3 per ounce lost, US Silver Coin Melt Values fell a dismal 9.6%. For the record, the London Fix for silver for today, February 28, 2013 was $28.95 an ounce. The precious metal closed out January at $32.03 an ounce.

Precious Metals Prices
February 28, 2013
London Fix
Monthly Change
Gold
1,588.50
-$76.25
-4.6%
Silver
$28.95
-$3.08
-9.6%
Platinum
$1,598.00
-$74.00
-4.4%
Palladium
$744.00
+$5.00
+0.7%

 

Silver was not the only precious metal that experienced a downtrend for the month, however, it was the hardest hit with its 9.6% decline. Also losing ground in February was gold which dropped $76.25 an ounce (or 4.6%) and platinum which fell $74.00 an ounce (or 4.4%). Of the four metals shown above, only palladium closed out the month with a gain ending up $5 an ounce (or +0.7%).

During February, silver peaked at $32.01 an ounce on the 6th of the month. The February low came a little over two weeks later on the 21st when the London Fix was set at $28.72.

That spread created an interesting month for US Silver Coin Melt Values. At $32.01 an ounce, a 90% silver quarter (for example the 1932-1964 Washington Quarters) had a melt value of $5.79 per coin. Conversely, at the monthly low of $28.72 an ounce, that same quarter had a melt value of $5.19 based on the 0.1808 ounces of silver in each strike.

Today’s Fix is also down slightly more from the 2013 high set on January 23rd of $32.23. Comparing to that, today’s Fix is down $3.28, or 10.2%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, February 28, 2013, and a comparison to those values from the end of last month, January 2013.

Monthly Silver Coin Melt Value Comparisons

SILVER COIN
Last Month’s Silver Melt Value
This Month’s Silver Melt Value
Jefferson Nickel (1942-1945)
$1.80
$1.63
Barber Dime (1892-1916)
$2.32
$2.09
Mercury Dime (1916-1945)
$2.32
$2.09
Roosevelt Dime (1946-1964)
$2.32
$2.09
Barber Quarter (1892-1916)
$5.79
$5.24
Standing Liberty Quarter (1916-1930)
$5.79
$5.24
Washington Quarter (1932-1964)
$5.79
$5.24
Barber Half Dollar (1892-1915)
$11.58
$10.47
Walking Liberty Half Dollar (1916-1947)
$11.58
$10.47
Franklin Half Dollar (1948-1963)
$11.58
$10.47
Kennedy Half Dollar (1964)
$11.58
$10.47
Kennedy Half Dollar (1965-1970)
$4.74
$4.28
Morgan Dollar (1878-1921)
$24.77
$22.39
Peace Dollar (1921-1935)
$24.77
$22.39
Eisenhower Dollar (1971-1976)
$10.12
$9.15
American Silver Eagle
$32.03
$28.95
America the Beautiful 5 Oz. Silver Coins
$160.15
$144.75

 

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

 

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