US Silver Coin Melt Values Rise 2.4% In Early July

Good news in the silver market has been hard to come by in recent months, but this week ended up bucking that trend. Based on the Friday to Friday London Fix, US Silver Coin Melt Values rose a solid 2.4% marking the first weekly increase seen by silver since one month ago.

1964 Washington Quarter

US Silver Coin Melt Values, such as for this 1964 Washington Quarter, rose 2.4% this week

For the week, silver jumped by $0.46 an ounce. The London Fix for Silver for today, July 5, 2013 was $19.32 an ounce.

 

Precious Metals Prices
July 5, 2013
London Fix Weekly Change
Gold 1,212.75 +$20.75 +1.7%
Silver $19.32 +$0.46 +2.4%
Platinum $1,327.00 +$10.00 +0.8%
Palladium $669.00 +$26.00 +4.0%

 

All four precious metals shown in the chart above ended the week in positive territory. The charge was led by palladium which jumped a respectable 4.0% during the seven day period. It was followed by silver with its aforementioned 2.4% increase. Next in line was gold which rose 1.7%. Trailing the pack, but still showing a gain was platinum which increase 0.8%.

With silver at $19.32 an ounce after its $0.46 gain, associated silver coin melt values also rose accordingly. For example, a 1932-1964 Washington Quarter (struck from 90% silver) now has an approximate melt value of $3.494. For reference, that same quarter had a melt value of $3.411 last Friday.

Looking at the London Fix each day this week shows the precious metal was even higher leading up to Friday. Monday’s Fix came in at $19.44 an ounce, up from last Friday’s $18.86. It rose again on Tuesday to $19.62 before falling on Wednesday to $19.55. A slight increase occurred on Thursday with a Fix of $19.57 before today’s $19.32 Fix.

At $19.32, silver is up $0.71 from the 2013 low established last month on June 27th. That low was $18.61 an ounce giving today’s Fix a positive 3.8% increase from that low.

On the other end of the spectrum, the precious metal is still down significantly from the 2013 high. That high was set on January 23rd with a Fix of $32.23. As such, silver is down $12.91 an ounce from that high, or a drop of 40.1%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, July 5, 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)
$1.06
$1.09
Barber Dime (1892-1916)
$1.36
$1.40
Mercury Dime (1916-1945)
$1.36
$1.40
Roosevelt Dime (1946-1964)
$1.36
$1.40
Barber Quarter (1892-1916)
$3.41
$3.49
Standing Liberty Quarter (1916-1930)
$3.41
$3.49
Washington Quarter (1932-1964)
$3.41
$3.49
Barber Half Dollar (1892-1915)
$6.82
$6.99
Walking Liberty Half Dollar (1916-1947)
$6.82
$6.99
Franklin Half Dollar (1948-1963)
$6.82
$6.99
Kennedy Half Dollar (1964)
$6.82
$6.99
Kennedy Half Dollar (1965-1970)
$2.79
$2.86
Morgan Dollar (1878-1921)
$14.59
$14.94
Peace Dollar (1921-1935)
$14.59
$14.94
Eisenhower Dollar (1971-1976)
$5.96
$6.11
American Silver Eagle
$18.86
$19.32
America the Beautiful 5 Oz. Silver Coins
$94.30
$96.60

 

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

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