Weekly Silver Coin Melt Values Rise 3.1% In Late July

Silver realized a significant gain this week in the market place bringing US Silver Coin Melt Values up along with it. For the week, the precious metal and associated melt values rose an impressive 3.1% with a Friday to Friday London Fix comparison jumping up by 60¢ per ounce.

American Silver Eagle

Silver Coin Melt Values, such as for this American Silver Eagle, rose 3.1% this week

This marks the biggest weekly gain seen by the metal since January of this year when comparing Friday to Friday figures. The London Fix for Silver for today, July 26, 2013 was $20.02 an ounce.

Precious Metals Prices
July 26, 2013
London Fix Weekly Change
Gold 1,331.00 +$35.25 +2.7%
Silver $20.02 +$0.60 +3.1%
Platinum $1,428.00 +$6.00 +0.4%
Palladium $731.00 -$12.00 -1.6%

 

Silver was not the only precious metal to show gains this week. It was, however, the biggest climber with its 3.1% increase. Following closely was gold which rose 2.7% gaining $35.25 an ounce. Also showing an increase was platinum which went up $6 an ounce, or 0.4%. Trending into negative territory was palladium which dropped 1.6% by losing $12 an ounce for the week.

Silver spent all week in positive territory compared to last Friday’s Fix. On Monday, the Fix came in at $19.95 an ounce, up 53¢ from the previous Friday’s Fix of $19.42. Tuesday rose even higher to $20.18 with Wednesday topping that at $20.395. Thursday corrected down to $19.92 before today’s aforementioned Fix of $20.02.

At $20.02 an ounce, silver coin melt values are still at levels not seen since May of this year. This includes coins such as the American Silver Eagles which are struck from one ounce of 99.9% pure silver. These strikes have an approximate melt value of $20.02 based on the most recent Fix.

As mentioned, $20.02 is a relatively high Fix for the precious metal in recent months. It is still down significantly, though from the 2013 high set on January 23rd of $32.23 an ounce. Comparing the two finds the most recent Fix down $12.21 from that high, or -37.88%.

The good news is that the metal is now up markedly from the 2013 low set on June 27th of $18.61 an ounce. The math here finds the recent Fix up $1.41 from that low, or an increase of 7.6%.

The chart below offers current US Silver Coin Melt Values based on the Fix for Friday, July 26, 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)
$1.09
$1.13
Barber Dime (1892-1916)
$1.40
$1.45
Mercury Dime (1916-1945)
$1.40
$1.45
Roosevelt Dime (1946-1964)
$1.40
$1.45
Barber Quarter (1892-1916)
$3.51
$3.62
Standing Liberty Quarter (1916-1930)
$3.51
$3.62
Washington Quarter (1932-1964)
$3.51
$3.62
Barber Half Dollar (1892-1915)
$7.02
$7.24
Walking Liberty Half Dollar (1916-1947)
$7.02
$7.24
Franklin Half Dollar (1948-1963)
$7.02
$7.24
Kennedy Half Dollar (1964)
$7.02
$7.24
Kennedy Half Dollar (1965-1970)
$2.87
$2.96
Morgan Dollar (1878-1921)
$15.02
$15.48
Peace Dollar (1921-1935)
$15.02
$15.48
Eisenhower Dollar (1971-1976)
$6.14
$6.33
American Silver Eagle
$19.42
$20.02
America the Beautiful 5 Oz. Silver Coins
$97.10
$100.10

 

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

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