US Silver Coin Melt Values Shed $1.67 an Ounce In Early April

Precious metals trended down this week with all four tracked in the chart below experiencing significant declines. Accordingly, US Silver Coin Melt Values also ended the week down with silver closing out the week down $1.67 from where it closed last week.

1921 Morgan Dollar

US Silver Coins, such as this Morgan Dollar, realized lower melt values this week

That $1.67 an ounce drop from last week equates to a decline in US Silver Coin Melt Values of 5.8%. The London Fix for Silver for Friday, April 5, 2013 was $26.97 an ounce.

 

Precious Metals Prices
April 5, 2013
London Fix Weekly Change
Gold 1,568.00 -$30.25 -1.9%
Silver $26.97 -$1.67 -5.8%
Platinum $1,531.00 -$45.00 -2.9%
Palladium $720.00 -$50.00 -6.4%

 

As already mentioned, it was a negative week for precious metals as the chart above shows. Hardest hit, percentage-wise was palladium which fell 6.4% with its drop of $50 an ounce. That was followed by silver’s 5.8% drop with the precious metal down $1.67 an ounce. Platinum fell 2.9% with a $45 drop for the week with gold taking the smallest hit at a negative 1.9%, or down $30.25 an ounce.

It was a short week for precious metal trading with activity just occurring Tuesday through Friday. Tuesday’s silver Fix came in at $27.96 an ounce, down from the previous trading day’s $28.64. It fell further on Wednesday to $27.19 and Thursday even further to $26.80. Finally, Friday’s Fix rose slightly to the aforementioned $26.97 an ounce.

For reference, at $26.97 an ounce, a single 1878-1921 US Morgan Dollar would have an approximate melt value of $20.86. That is based on the approximate 0.77344 ounces of silver in each.

Thursday, April 4, 2013 now qualifies as having the lowest London Silver Fix of the year with its $26.80 an ounce. Previous to this week, the previous low was held by March 1st with a Fix of $28.01.

On the flip side, silver is now down $5.26 an ounce from the 2013 high set on January 23rd of $32.23. Crunching the numbers shows Friday’s Fix is down 16.3% from that high.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, April 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)
$1.61
$1.52
Barber Dime (1892-1916)
$2.07
$1.95
Mercury Dime (1916-1945)
$2.07
$1.95
Roosevelt Dime (1946-1964)
$2.07
$1.95
Barber Quarter (1892-1916)
$5.18
$4.88
Standing Liberty Quarter (1916-1930)
$5.18
$4.88
Washington Quarter (1932-1964)
$5.18
$4.88
Barber Half Dollar (1892-1915)
$10.36
$9.75
Walking Liberty Half Dollar (1916-1947)
$10.36
$9.75
Franklin Half Dollar (1948-1963)
$10.36
$9.75
Kennedy Half Dollar (1964)
$10.36
$9.75
Kennedy Half Dollar (1965-1970)
$4.24
$3.99
Morgan Dollar (1878-1921)
$22.15
$20.86
Peace Dollar (1921-1935)
$22.15
$20.86
Eisenhower Dollar (1971-1976)
$9.05
$8.53
American Silver Eagle
$28.64
$26.97
America the Beautiful 5 Oz. Silver Coins
$143.20
$134.85

 

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

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