US Silver Set Melt Values Realize Second Weekly Half a Percent Increase

For the second week in a row, US Silver Set Melt Values rose slightly as the silver market made a marginal gain. That gain only amounted to an increase of 0.5% however, the same percentage increase seen last week based on the Friday to Friday London Fix for silver.

2013 America the Beautiful Quarters Silver Proof Set

Melt values of silver sets, like this 2013 America the Beautiful Quarters Silver Proof Set, rose half a percent this week

Silver increased $0.15 an ounce this week from where the Fix stood on last Friday. The London Fix for silver for today, March 22, 2013 was $29.06 an ounce.

Precious Metals Prices
March 22, 2013
London Fix Weekly Change
Gold 1,607.75 +$12.25 +0.8%
Silver $29.06 +$0.15 +0.5%
Platinum $1,580.00 -$13.00 -0.8%
Palladium $754.00 -$20.00 -2.6%

 

Precious metals were split for the week, as the chart above shows. Gold realized an increase of 0.8% with its bump up of $12.25 per ounce. That was followed by silver’s aforementioned 0.5% increase. Losing ground during the week was platinum which dropped $13 and ounce, or 0.8%. Harder hit was palladium which lost $20 an ounce, or 2.6%.

Silver actually spent most of the week down or even, compared to last Friday. The London Fix for silver on Monday came in at $28.80, down from the previous Friday’s Fix of $28.91. On Tuesday it increased slightly to $28.85 with another increase on Wednesday to $28.90. On Thursday, it went up one cent to $28.91 before today’s jump to $29.06 an ounce.

At $29.06 an ounce, US silver set melt values are up compared to last week, as previously mentioned. For example, a recent Quarters Silver Proof Set which contains 0.90420 ounces of silver now has a melt value of approximately $26.28. Last week, the melt value of the same set would have been $26.14.

Looking at the year, shows US silver coin melt values and set melt values up from the 2013 low set on March 1st of $28.01 an ounce. Comparing today’s Fix to that low shows the melt values have improved by $1.05 an ounce, or 3.7%.

Conversely, melt values are still down from the 2013 high established on January 23rd of $32.23 an ounce. Current melt values are down $3.17 an ounce from that high, or 9.8%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, March 22, 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) $1.63
$1.63
Barber Dime (1892-1916) $2.09
$2.10
Mercury Dime (1916-1945) $2.09
$2.10
Roosevelt Dime (1946-1964) $2.09
$2.10
Barber Quarter (1892-1916) $5.23
$5.26
Standing Liberty Quarter (1916-1930) $5.23
$5.26
Washington Quarter (1932-1964) $5.23
$5.26
Barber Half Dollar (1892-1915) $10.46
$10.51
Walking Liberty Half Dollar (1916-1947) $10.46
$10.51
Franklin Half Dollar (1948-1963) $10.46
$10.51
Kennedy Half Dollar (1964) $10.46
$10.51
Kennedy Half Dollar (1965-1970) $4.28
$4.30
Morgan Dollar (1878-1921) $22.36
$22.48
Peace Dollar (1921-1935) $22.36
$22.48
Eisenhower Dollar (1971-1976) $9.14
$9.19
American Silver Eagle $28.91
$29.06
America the Beautiful 5 Oz. Silver Coins $144.55
$145.30

 

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

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